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If another cryptocurrency rises to overtake Bitcoin, or even just grow larger, Coinbase will profit from that (assuming they support it) vs Bitcoin.
by sna1l 6y ago
If another cryptocurrency rises to overtake Bitcoin, or even just grow larger, Coinbase will profit from that (assuming they support it) vs Bitcoin.
- xiphias2 6y agoBitcoin was made more and more secure over 10 years by disabling every feature that was not necessary to make it a digital store of value (like addition/substraction as they could overflow). If there are new ways to take away even more features from it, I'm not sure why they couldn't be taken away from Bitcoin as well to improve its security. Ethereum is a complementary to Bitcoin that's a more complex and less secure, less scarce store of value, and it's much more about running complex financial contracts. As these protocols have strong network effects that give their value, it's really hard to just ,,overtake'' them.