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.
I am not really sure if copycats are good for the industry or not. In the case of the Binance Smart chain being a pretty blatant copy and paste of the Ethereum chain i would say though that we as the overall cryptospace definitely benefited from it, because the ETH-chain is almost unusable for small and "normal" users that just want to trade ETH-Tokens worth 50 bucks or so because of the high fees. I am happy though that the market still appreciates the fact that it was Ethereum that came up with that whole smart contract functionality that enabled most of the stuff that we are having today with Dexes and dApps.