You develop, get copied, develop, get copied, copied copied, what's the point?
Because it drives development.There are many reasons why Apple, Microsoft, Alphabet, Nestle, Mars, Pfizer and other big corporations stay in their niche and don't interrupt in small businesses.
Exactly. So there is far more nuance to it than your initial claim that someone rich can just clone your product and drive you out of business. If that was the case then Trezor wouldn't exist, Passport wouldn't exist, BitBox wouldn't exist. All the best pieces of software for using bitcoin - Electrum, Sparrow, Bisq, Robosats, etc. - are open source, and are yet to be cloned and driven out by a rich competitor. The same is true for bitcoin itself.hmm I supposed apple could clone trezor and have a bug built in crashing all of btc.
Whatever bugs an individual hardware wallet have is irrelevant to bitcoin as a whole. There is no way for a single wallet to crash the network.If apple made a wallet on the iPhone and a hardware wallet that appeared to be far better than any other wallet. How many btc do you think would sit in it?
10,000 btc
100,000 btc
1,000,000 btc
maybe btc could survive 1,000,000 being stolen from wallets all over the world.
My point is if a wallet can't be cloned or made popular ie closed source it would have added security over a clone able open source. If the actor or developer was honest and did a good job building it.
So some closed source should be floating around along with some open source. The key is that no one hardware wallet model Trezor or passport or what ever should have 3 or 4 million of all the coins there are.