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    Author Topic: Spin-offs: bootstrap an altcoin with a btc-blockchain-based initial distribution  (Read 53673 times)
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    April 11, 2014, 09:17:33 PM
     #121

    Actually I believe that is the core meaning of Coase's theorem: valuable assets will end up being owned by savvy folks and the only thing separating them are the transaction costs.

    Not necessarily savvy folks, but the folks who value the asset the most. Regardless of the initial distribution.

    Total costs are minimized if process of initial distribution is efficient, and thus such coins should outcompete equivalent coins with added sunk costs in distribution. Perhaps this bitcoin spin-off idea will do that. We'll see.

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