Comment Important questions. (Score 1) 106
What about competing networks? What about redundant networks? Do the networks lose value because they become individually less important? Or do they multiply because they all can do the same valued transactions?
What if the main network fails, and the auxiliary network takes over. Does that network now adopt the new value of its transactions? Is it more valuable because it's the last of the backbone? Is that value lost as soon as the main network goes back up?
What about a server that changes load depending on the time of day? Does that network become more valuable at peak, and less valuable at the minimum? Can I invest in a network early morning, sell at peak, and get filthy rich within a month? Is this kind of value something that can be really traded?
Can these questions be answered by a flimsy 10 page PDF, with one title page, 2 huge diagrams, and an empty last page? A: No, they can't!
What if the main network fails, and the auxiliary network takes over. Does that network now adopt the new value of its transactions? Is it more valuable because it's the last of the backbone? Is that value lost as soon as the main network goes back up?
What about a server that changes load depending on the time of day? Does that network become more valuable at peak, and less valuable at the minimum? Can I invest in a network early morning, sell at peak, and get filthy rich within a month? Is this kind of value something that can be really traded?
Can these questions be answered by a flimsy 10 page PDF, with one title page, 2 huge diagrams, and an empty last page? A: No, they can't!
