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Does it matter? Bitcoin has thousands of clones but they still manage to gain userbases. http://mapofcoins.com/ http://mapofcoins.com/
by b1db77d2 12y ago
Does it matter? Bitcoin has thousands of clones but they still manage to gain userbases.
http://mapofcoins.com/ http://mapofcoins.com/
- facepalm 12y agoDo they? I think a lot of them fail, apparently there are also practical issues with attracting enough mining power to make them secure. Atm Bitcoin still seems the only safe bet for the long run.
- runeks 12y agoIt's not about number of users, it's about liquidity for the money/currency in question (whether it be bitcoins, litecoins or "ethers"). Ie. how much will selling/buying a certain amount of the currency affect the market price. This is what defines money: high liquidity (market depth). Something cannot be money without this property. It might have the potential to become money, though. But without liquidity it is as much money as baseball cards and wine.