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Because a currency is basically a _convention_ within a _community_. Bitcoin has a _community_, whereas an arbitrarily cryptocurrency launched next week probabl
by codeulike 14y ago
Because a currency is basically a _convention_ within a _community_. Bitcoin has a _community_, whereas an arbitrarily cryptocurrency launched next week probably wont have, unless a lot of groundwork is done first.
- mathattack 14y agoRight, but it can be done so perpetual scarcity is a fallacy, no?
- chii 14y agono - if you started your own 'bitcoin' chainblock, the existing bitcoin chainblock shouldn't (as far as i understand it) be interoperable. That is, its like printing your own currency - no one else will reckonize it, unless you somehow own vast amounts of resources, and is willing to exchange that with the new bitcoin.