As the title states, I was pondering whether the nature of open-source software is the way to go. It appears to me coins copy each other all the time. Example BNB copies ETH with BSC. And now BNB copies ETH with BEP-95 update.
Conversely, you see that Uniswap has a closed V.3 atm. I know this is controversial and I support decentralization through and through.
But given that your own protocol could be at stake if you give up critical information, is it best to therefore share the information and keep it open source? Or close the information (for a small period, not forever), so that one can keep a competitive advantage? Food for thought. Discuss.
So far it is, we have seen projects that are copies of existing projects and turn out to be better than the existing ones because they are an upgraded version and they are well supported from the original one, the community prefer an open-sourced project for them to see flaws and bugs, I am not aware of projects that kept their code close-sourced except XRP who I do not consider Cryptocurrency and become successful because it takes out the true meaning of decentralization.