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> You'd have to convince the whole ecosystem - miners, exchanges, wallets, buyers, sellers, etc. - to switch over. It's the same network effect that protects Mi
by xur17 6y ago
> You'd have to convince the whole ecosystem - miners, exchanges, wallets, buyers, sellers, etc. - to switch over. It's the same network effect that protects Microsoft or Google or Facebook or even Nike: changing peoples' behavior is hard, and in general beyond the resources of new entrants unless the incumbent really screws up.
Quite a few projects have tried exactly this, and none of them have succeeded. What makes you think your attempt would succeed?