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The supply is infinite if you take the whole crypto space: You can create as many BTC#3 EGold-plus ... as you wish, and future generations will.
by singularity2001 5y ago
The supply is infinite if you take the whole crypto space:
You can create as many BTC#3 EGold-plus ... as you wish, and future generations will.
- aabbcc1241 5y agoAnd that's how dogecoin was "born"
- Hamuko 5y agoYeah, the only magic sauce behind Bitcoin seems to be that it was the first one and has the most valuable brand.
- aabbcc1241 5y agoThe later-created coins are similar to bitcoin but they're not "the bitcoin". In this way, the supply of bitcoin is still limited
- sashimi-houdini 5y agoThis is also why Skepticoin cannot be cloned: the clones (cynicalcoin, sarcastocoin etc) are simililar, but they're not "the skepticoin". In this way, the supply of skepticoin is still limited.
- gruez 5y agoThat's like saying uber shares are infinite because you can start your own ridesharing startup and issue more shares.
- allendoerfer 5y agoExcept you cannot just start your own global ridesharing service, can you?
- gruez 5y agoCan't you say the same for bitcoin? Anyone can make a bitcoin clone, just like anyone can code a ridesharing app in a hackathon, but your clone isn't going to be the one recognized by everyone.
- shrimpx 5y agoBut crypto clones are much easier to create and have adopted than a company with real infra. The phenomenon of “this coin is too expensive let’s buy this new one hoping it’ll moon” is very real in crypto and encourages the creation of clones. Then miners then trivially shift their hash power to whatever clone gets the crowd interested.
- RestlessMind 5y ago> But crypto clones are much easier to create Agreed. > and have adopted than a company with real infra Disagreed. Cloning is super-easy, adoption is super-hard.
- 908087 5y agoNo, it's actually nothing like that.