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What is stopping someone from looking at Bitcoin, changing something simple, and competing immediately?
by th0ma5 14y ago
What is stopping someone from looking at Bitcoin, changing something simple, and competing immediately?
- drcode 14y agoYou might be interested in namecoin or litecoin. Unfortunately, those aren't worth much, because of the network effects driving bitcoin.
- SilasX 14y agoNothing but getting people to use the competing currency. There are already numerous competitors trying to get momentum.
- aianus 14y agoThe same thing that's preventing someone from looking at Facebook, changing something simple, and competing immediately: nothing but network effects.