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This is very good news (that there is a fight). Open sourced currency that could be forked at any moment is a feature not a bug. The fact that government curre
by spectrum1234 11y ago
This is very good news (that there is a fight). Open sourced currency that could be forked at any moment is a feature not a bug.
The fact that government currencies can't be forked, and thus never guarantee they stay competitive, is the main reason a bitcoin like currency is nearly certainly the future.
The downside is some medium/long term uncertainty in that exact currency. However this is a NECESSARY component.
- yellowapple 11y agoI've tended to agree. Bitcoin is really just an early iteration of the cryptocurrency concept, and many of its "failures" are, in the long run, successes. This is why the "altcoin" ecosystem is so vital; they're doing a lot of the fundamental experimentation that's necessary for cryptocurrency in general to approach perfection. Unfortunately, a lot of people fail to realize this, and champion Bitcoin specifically as the be-all-end-all of electronic money despite the sheer number of problems with it. This attitude, while understandable, is regrettable.