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Author Topic: Is competition healthy for Bitcoin?  (Read 11029 times)
Dr. Pepper
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May 26, 2014, 07:17:13 PM
 #181

Competition is healthy, but I dont see much at the moment.

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May 26, 2014, 08:20:13 PM
 #182

I think at least Doge is good for Bitcoin - and cryptocurrencies overall.
Why? People who know about doge meme learn about dogecoin.. And then they might use it and learn about Bitcoin. I've met some people who knew about Dogecoin but hadn't heard of Bitcoin at all. And as Dogecoin is just 'a joke' and people seem to realize it too, they might still get interested in the more serius cryptocurrencies like Bitcoin when they see how cool the whole system is.

Yeezus
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May 26, 2014, 08:32:40 PM
 #183

Competition is good as long as the competition doesnt become better than you  Cheesy.

cbeast
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May 27, 2014, 12:11:47 AM
 #184

Competition is the antidote to centralization.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
ShakyhandsBTCer
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June 14, 2014, 05:17:57 AM
 #185

Competition is almost always a healthy thing.

Competition is always a good thing.

The only time it is not a good thing is when the competition is undercutting your prices (really not possible to get TX fees much lower to make a difference) or when the competition has a monopoly.
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June 14, 2014, 05:20:32 AM
 #186

Competition is good for everything. Simply.
Sniar
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June 14, 2014, 09:06:00 AM
 #187

When there is competition , consumers will benefit most of them the time .

If there is a monopoly , the consusmers are stucked without any other alternative choice.
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