It is better to have many crypto-currencies competing on features (and there are some), but what's the point of an identical copy?
I heard there was going to be scaling problems. That the bitcoin network won't be able to handle more than
x transactions per second, and it needs to be able to handle
y transactions per second to compete with VisaCard. I also heard that if Bitcoin becomes the only dominant currency in the world that people would live their whole lives on only .003 btc or some such...
well... this strikes me as a solution to both problems...
Well, they will have to make changes if it gets super popular. And they need to test those changes first to make sure they aren't going to lead to an unknown error.... so I suppose they could test things on bytecoin.
The prob is bytecoin is super shady and obviously just someone playing a joke/scam.
That's fine, but the name is so similar to bitcoin I worry it would cause problems