There's a game theory problem which is that if you have a choice of cryptocurrencies at an early stage to play with, and you think they have a similar chance of success, it makes sense to invest in the cryptocurrencies with a limited supply. The fact that this will make them bad in the long run as a medium of exchange is not of interest to the early stage speculator.
> The crypto-currency crowd has this libertarian streak
I wish they did. Unfortunately the buyers who owned bitcoin the past few years are all in just coz the price is growing up. They are not in bacause the believe in anything.
