Post
Topic
Board Bitcoin Discussion
Re: Bitcoin's Edge - How will bitcoin fight off competitors?
by
kolloh
on 13/03/2015, 04:48:25 UTC
This is definitely a good question and I think one of these type of competitors could potentially hurt bitcoin. Though I think most people would not be for a governmental controlled or sponsored coin because one of the major advantages of Bitcoin is the decentralized nature of it. However, if one of these big players does try to put out a competing cryptocurrency it could certainly drive some of the bitcoin users away so it is good to think of how bitcoin would overcome these challenges.