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If bitcoin concept gets popular, why would the next set of adopters buy into btc instead of trying to be early adopters in a different technically equivalent cr
by judk 13y ago
If bitcoin concept gets popular, why would the next set of adopters buy into btc instead of trying to be early adopters in a different technically equivalent cryptocurrency?
- drcode 13y agoNetwork effects. It's easier to perform transactions if both parties prefer the same currency. This will always put Bitcoin in a class by itself.
- gagege 13y agoWhat I'm hoping is that a bunch of other crypto-currencies will become more popular in the wake of Bitcoin news. Ideally this will give us a nice market for trading different crypto-currencies. Also, as a result, we'll see more and more businesses that accept these currencies. I just hope we don't end up with one worldwide currency. Where would be the fun in that?