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But Bitcoin is one of many cryptocurrencies is it not? Therefore the "supply" of cryptocurrencies is not exactly finite, no? If Bitcoin becomes too expensive, c
by deepthunder 5y ago
But Bitcoin is one of many cryptocurrencies is it not? Therefore the "supply" of cryptocurrencies is not exactly finite, no?
If Bitcoin becomes too expensive, couldn't users of cryptocurrency just switch to Ethereum or some other cryptocurrency?
- Sammi 5y agoNo, because of network effects. The alt coins don't have any usefulness because no one is using them. The value of a network is the connections within it.