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by gnaritas 3874 days ago
> there is nothing beyond momentum keeping people from switching to another type of cyptocurrency. That's why it's monopoly money.

That statement demonstrates you don't understand cyptocurrency at all. You're absolutely wrong, the difference between them is security, and that's something people value. And no, you can't trivially just substitute another crypto in place of bitcoin, other cryptos have neither the liquidity nor the security (which comes from the size of the network) to effectively move around the amount of money bitcoin can move around.

> I don't think the networking effects are that strong for bitcoin

Which means flatly you don't understand how cryptos work; no one who does would make that statement.