Post
Topic
Board Bitcoin Discussion
Re: If Bitcoin is an experiment,...
by
nafai
on 29/03/2012, 15:46:56 UTC
Unless some flaw or scandal causes people to abandon bitcoin, I think the network effect will make it succeed over other cryptocurrencies.  Ebay isn't the #1 auction site because it's a hard site to make or there aren't any competitors, it's #1 because it got there first and did the job well enough that it gained momentum and reputation.  The same thing will happen to bitcoin unless something drastic happens to prevent it.