to btc78
to CODE200
litecoin, dogecoin, monero can't grow, they are just moving horizontally. It's not possible to copy bitcoin and the chart proves it. The reason is that forks and copies makes bitcoin network insecure, and this forces the price to move up, when the bitcoin
price goes up, the network becomes more secure, and people make profit, and this makes impossible to compete with bitcoin
to odolvlobo
Yes i agree with you, but bitcoin is different because it does not have intrinsic value, so the price can rise indefinitely, Bitcoin has a price but no value. Financial bubbles only form when the price deviates significantly from intrinsic value, and then they burst.
But, if Bitcoin has no intrinsic value, only price, then the price can never deviate from value since it does not exist then it's not possible to form a bubble
Others have corrected this post and I would also like to chime in!
Security - the Bitcoin network has never been breached! Global miners, node runners and we
ourselves give Bitcoin its security.
Its actually very easy to recreate Bitcoin and call it whatever you want, all you need is code
and and a creator who can remain anonymous indefinitely, the tricky part is getting enough
people to adopt it.
So lets say you have created your new Bitcoin, how are you going to get us to abandon something
BTCwhich is proven to be secure and has utility and adopt your copy?