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by jokethrowaway 1939 days ago
The problem with bitcoin is that it's not exclusive - there are tons of alternatives.

Some even have better features (think Ethereum or Monero or Zcash).

Nothing is stopping people from launching bitcoin2,bitcoin3, etc and having the same technology available - yet BTC is the major player skyrocketing.

This is an example of the market being irrational longer than expected, in my book.
2 comments
a9h74j 1939 days ago
Still kicking myself for hearing of Bitcoin and not repeating to myself for the next two days: [To succeed] You can be the first or you can be the best. You can be the first or you can be the best. You can be the first or you can be the best.
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anonisko 1939 days ago 

  The problem with Facebook is that it's not exclusive - there are tons of alternatives.
  Some even have better features (think Twitter or TikTok or Discord).
  Nothing is stopping people from launching Facebook2, Facebook3, etc and having the same technology available - yet Facebook is the major player skyrocketing.
  This is an example of the market being irrational longer than expected, in my book.
The value of bitcoin is not in the code, it's in the network. Arguing that the code that runs the network can just be copied is not a very compelling argument.
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