Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
The only conceivable scenario in which BTC won't succeed is if somebody like Google creates their own copy and it overtakes BTC.
It doesn't need to be Google, we now have hundreds of alt-coins, it could be any of them, or any company - traditional or new economy that runs with the protocol.
Often with innovation the trailblazer is not the one that succeeds, but merely clears the path for others who often have better marketing/advertising/people skills.
No bitcoin clone will ever supercede bitcoin. Will. Not. Happen.
No corporate backed coin will ever supercede bitcoin. Ever.
It would have to be a different non corporate open sourced (at some point) alt.
Less than a handful of those exist today all in fledgling states. Bitcoin is in the clear for at least a couple more years.
Because. using. full. stops. makes. it. so.
As Blitz and TERA pointed out a few pages back being open source is not an advantage, indeed has many disadvantages while the events of the last week show why the alts (the serious ones such as LTC and PPC or even FTC) are needed - a single black swan event could wipe BTC out but the concept will remain, and those players will be able to take advantage.
Never. Say. Ever.
True. There. Could. Be. A.