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But why not a random Bitcoin clone? I mean, we all get why folks with a lot of Bitcoin want it to be adopted: they'd get rich. The problem for everyone else i
by _Nat_ 5y ago
But why not a random Bitcoin clone?
I mean, we all get why folks with a lot of Bitcoin want it to be adopted: they'd get rich. The problem for everyone else is that they'd be the ones subsidizing that wealth. Which the majority could avoid by just adopting an alt-coin instead.
So why Bitcoin, specifically? This is, in Bitcoin's ideal scenario where it would win out globally and everyone would love it -- even in that extreme case -- why would everyone use Bitcoin instead of starting a new block-chain where they'd get more personal wealth?
Are Bitcoin-HODL'ers basically just praying that the majority of the world's population would just be oblivious to that possibility, choosing to instead buy into Bitcoin at their own loss out of sheer ignorance? (Sorry if that sounds dismissive, just, it seems so far-fetched to me; I don't get belief-system behind it.)
- rfd4sgmk8u 5y agoAhh. Its the energy consumed and security provided by Proof of Work. Anyone can fork the bitcoin source code. (thousands have). Anyone can fork the ethereum source code (handfuls have, and some are quite successful so far: BNB, AVAX, MATIC and TRON are all examples of this). Proof of stake is a scam, and reinvents oligarchies, and introduces systemic censorship and consensus enforcement risks. You can't clone Bitcoin, the network, the users or the ecosystem.