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Exactly. Everyone seems to be missing the fact that "bitcoin" is a protocol and the most prominent instance of its use. Any government or group of people can
by basch 14y ago
Exactly. Everyone seems to be missing the fact that "bitcoin" is a protocol and the most prominent instance of its use.
Any government or group of people can go start their own blockchain.
- pixelcort 14y agoOr even fork off the existing block chain at a pre-determined block. This way, all existing owners of the parent crypto currency would have equal coin-to-coin values in the new crypto currency as of a certain date. I'm surprised I haven't heard of any existing alternate crypto currencies intentionally forking off of the existing Bitcoin block chain. They all seem to start off with their own new block chains.