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But what stops other people from making their own versions of bitcoin? Why can't somebody else create the AsiaCoin or the Bitcoin II or the OceanCoin? What make
by keltex 14y ago
But what stops other people from making their own versions of bitcoin? Why can't somebody else create the AsiaCoin or the Bitcoin II or the OceanCoin? What makes bitcoin special other than it's the first one that was created?
All other currencies have some sort of backing. Either a government or something physical like Gold that can't be easily duplicated. That seems to me the big difference between bitcoin and other assets.
- kiba 14y agoBut what stops other people from making their own versions of bitcoin? Why can't somebody else create the AsiaCoin or the Bitcoin II or the OceanCoin? Absolutely nothing. What makes bitcoin special other than it's the first one that was created? Nothing.
- afoldman 14y agoForking is easy. Maintenance can be extremely hard. Since Satoshi left, Bitcoin has evolved dramatically in terms of security and functionality. Thanks to the core developers and the whole community. Aside from the core Bitcoin system, peripheral infrastructures like exchanges, end-user software clients, and online wallet services, etc., have been and will be created and improved. None of these is easy work. There are many forks of Bitcoin as of now and will probably be more, but it could be hard for all of them to survive in the long run.