Where does it say bitcoin is bad?
You don't seem to understand what an open source technology is, you don't make 'copycats', you fork it, you are free to do whatever you want with it and you should do so.
People are always bitching about how terrible and slow bank's services are, and they are, but when they try to adopt the best technology available to improve their services people start bitching about they doing so...
You arent getting the real question: their ignoring bitcoin and building their own cryptocurrency on top of blockchain (without Bitcoin) is a clear attempt to centralization with a so called "thrusted central authority" which is absolutely unnecessary in this contest.
Despite i agree with you about the meaning of opensource, that's not the matter of this topic.
you don't make 'copycats', you fork it, you are free to do whatever you want with it and you should do so.
Yeah if "you" is a mining pool or a group of guys making their own coin...but when it comes at banks and Inc...i get alergic, sorry
Some block chain implementations:
http://themerkle.com/ceo-of-australia-post-believes-in-the-power-of-the-blockchain/https://www.bigchaindb.com/http://twister.net.co/https://www.hyperledger.org/Are you going to bitch about Australia Post office is making a bitcoin copycat?
What about Twister?
Don't know if you've been following bitcoin's development, but you can't simply build upon the bitcoin network, it can barely handle all transactions right now, business cannot rely on it to build their systems, they need to make their own implementations.
Imagine a few banks using the bitcoin network to settle transactions between them, the amount of new transactions would be catastrophic, and people like you would be claiming it's an attack.
As they know they cannot rely on the network to build their systems, they make their own implementations, and that's a good thing.
