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1  Other / Beginners & Help / Re: Bitcoin - Great, but whats to stop new e-currencies from being developed on: November 10, 2013, 04:30:01 AM
Thanks for all your replies.

The internet it is great but whats to stop some new internet from being developed ...

I think that's not really comparable. But perhaps it demonstrates your point. A new web may be created out of dysfunction of the current system... a slow process of adoption. Maybe the growth of Tor etc.

I was wondering weather it is worthy "investing" in other cyrptos.
I think the answer is: maybe, but it will only become worth anything if it becomes adopted, and it takes a lot for that to happen with BTC presence.
2  Other / Beginners & Help / Bitcoin - Great, but whats to stop new e-currencies from being developed on: November 10, 2013, 04:03:45 AM
I've used Bitcoin years ago. And boy I wish I didn't cash out!

My question is, what prevents competition from just rolling out multiple competing currencies. I understand, once a currency is adopted.. its "brand" and popularity keeps it king. But, physically speaking, can the exact same BTC system be copied and altered... ? I assume so, we have Litecoin.. Feather coin amongst others..


Why can't we expect an infinite number of competitors.. and if there systems are better, how will it affect bitcoin?
I assume theres a bit of VCR vs BetaMAX relationship going on...

Best Regards, Thanks for any input at all!
philio
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