Bitcoin competition

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Topic: Bitcoin competition (Read 454 times)

123AverageJoe123 (OP)

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Bitcoin competition

April 06, 2013, 05:42:58 AM

Who/what are they? How easily could the Bitcoin infrastructure and idea be duplicated by a competing currency? How would/does a competing digital currency this affect the value of bitcoin in the long term?

1715199749

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DannyHamilton

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Re: Bitcoin competition

April 06, 2013, 04:01:41 PM

Quote from: 123AverageJoe123 on April 06, 2013, 05:42:58 AM

Who/what are they?

Too many failures to keep track of.

Quote from: 123AverageJoe123 on April 06, 2013, 05:42:58 AM

How easily could the Bitcoin infrastructure and idea be duplicated by a competing currency?

Technically it is extremely easy. The tricky part is convincing others that they should value your alternate currency instead of bitcoin.

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