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> Replacing Bitcoin now would be like trying to replace gold with platinum or replace HTTP. It's not going to happen, no matter what technical advantages anothe
by maaku 13y ago
> Replacing Bitcoin now would be like trying to replace gold with platinum or replace HTTP. It's not going to happen, no matter what technical advantages another currency has. Bitcoin has critical mass. Sorry. Game over.
There's some real cognitive dissonance if you think that bitcoin has a chance against fiat but no currency could take on bitcoin.
- aminok 13y agoBecause Bitcoin offers a paradigm-level improvement over fiat, whereas other cryptocurrencies would not offer any such improvement over Bitcoin.
- aneth4 13y agoBitcoin doesn't have to compete against fiat currency because it addresses a different market - one that wants fast international money movement, minimal regulation, privacy, low cost, and minimal institutional involvement. Bitcoin isn't going to destroy fiat currency, it's going to complement it. And I find it unlikely that anyone would hold any cryptocurrency other than bitcoin, since it will be difficult to create the perception of value once a currency has been established.