Quote from: johnblaze on April 06, 2013, 04:04:02 AM

The thing is, the people who already have created bitcoin services can easily replicate your idea faster and with more market share. Thats the problem. I am new but there are like thousands of bitcoin related service websites popping up all the time. Everyone wants to do what you're doing.

There is a common saying in business:

"Ideas are worth nothing. Execution is everything."

I'm sure there are lots of new Bitcoin services popping up all the time. Some will succeed and others will fail. Hopefully the one I get involved in will succeed.

99.9% of businesses start in an environment where much better capitalized people can easily replicate their business and start with more market share. Our Bitcoin service will be in that 99.9% where its possible other businesses can do the same thing faster. I don't see Goldman Sachs trying to replicate Bitcoin. Of course, if they liked Bitcoin so much they could spend $100M a year on mining equipment and dominate the market for the next 20 years. Will they? No. The point is that if a big-capital company comes in and likes what we are doing, they are much more likely to buy us out than attempt to replicate.

Ideas are worth the price someone is willing to pay for them.

There is a common saying in business:
"Think before you act."