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Just like Facebook, the usurper have to do something allot better to drag people away.
by walkingolof 9y ago
Just like Facebook, the usurper have to do something allot better to drag people away.
- criddell 9y agoI think it's easier to unseat Bitcoin than Facebook. With a cyrpto currency, it seems like all you would have to do is make mining more profitable on your currency than on Bitcoins.
- hectorlorenzo 9y agoThis could easily lead to a race to the bottom. Maybe adoption will be the determining factor? What could determine a successful adoption rate for a cryptocurrency: governments, citizens, corporations? Amazon accepting a specific cryptocurrency and thus making it useful for the general public?
- ballenf 9y agoIt's the same problem as with FB. To get a mass exodus from BTC you need to have a mass exodus in advance in order to get value in the new currency. Everyone uses FB/BTC because everyone uses FB/BTC. The advice that the usurper needs to be 10x better to win is applicable here, imo. It might even be 100x given the bigger stakes and greater risk aversion of the parties.
- seppin 9y agoexclusivity. it'll be a coin launched only on Harvard at first