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Board Beginners & Help
Re: 7 thoughts on Bitcoin
by
nobbynobbynoob
on 09/03/2013, 16:09:36 UTC
Bitcoin is just the first p2p cryptocurrency

Don't expect it to be flawlessly designed the first time, that seems highly unlikely

But now, Bitcoin already has the network effect in its favour, and the principle of path dependency (network effect) means that it will probably take a far superior (not merely slightly superior) competitor to dislodge Bitcoin. Either way, all users will ultimately benefit.