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comment by steve
steve  ·  705 days ago  ·  link  ·    ·  parent  ·  post: The Crypto Story: Where it came from, what it all means, and why it still matters.

I like this segment:

    Socially, cryptocurrency is a coordination game; people want to have the coin that other people want to have, and some sort of abstract technical equivalence doesn’t make one cryptocurrency a good substitute for another. Social acceptance—legitimacy—is what makes a cryptocurrency valuable, and you can’t just copy the code for that.