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This is exactly right. If you create a company and copy Facebook's code, the resulting company will not be worth as much as Facebook. Why? Because much of Fac
by 0bsidian 9y ago
This is exactly right.
If you create a company and copy Facebook's code, the resulting company will not be worth as much as Facebook.
Why? Because much of Facebooks' valuation derives from its network.
Bitcoin is the same.
- notahacker 9y agoThe problem with being by design a fungible commodity is that your network lock-in isn't anywhere near as strong as Facebook's. Or AOL's...