Hi, I am new to all this, but help me understand this. If there is a crypto coin that is very useful and has functional value, not just speculative, say it becomes very expensive. What is to stop someone from just creating their own coin that is the almost identical to it, and using it instead, so high prices are not paid for the other coin? How can all these coins maintain high values, when people can just create as many new coins as they want?
Because that coin would not be the same and for most coins the price is completely irrelevant for their actual use case. Take bitcoin for example, if it is actually adopted as a currency worldwide (which is the end goal) the value of it does not really matter so much because weather you pay 0.1 BTC or 0.000001 BTC for a banana it is all relative to how many BTC are in the world in total. I'm not sure that makes sense but it makes sense in my mind.