3 ms·
You can also arbitrarily launch a new search engine at any time, but that doesn't mean that you will become the next Google. Likewise launching a new social net
by Tichy 15y ago
You can also arbitrarily launch a new search engine at any time, but that doesn't mean that you will become the next Google. Likewise launching a new social network won't automatically make you the next Facebook. BitCoin already has a strong network of nodes securing the transactions behind it.
Your algorithm only piggybacks on BitCoin, you wouldn't be able to run your scheme without the existing BitCoin infrastructure. Also, the existance of bitcoin prime wouldn't enable you to send bitcoins, so bitcoins would still be unique.
In fact I would like to see you run your scheme. How would you transfer 1000 bitcoin prime to somebody else? Since you don't have the private keys of the real owners of the bitcoins, I don't think you could do it.