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by krupan 954 days ago
Sorry for the confusion. The term Bitcoin can be used to refer to the code that runs the Bitcoin network upon which the Bitcoin currency/token moves around and is stored. The inventors could probably have come up with different names for each of those things, but what can you do?

Cryptocurrency folks do sometimes take the open source Bitcoin code and make small (or large) changes to it in order to do their work. When they do this they create a separate codebase, separate network, and a separate currency. Almost inevitably they do so in such a way as to greatly benefit themselves and to fool you.

1 comments

Yeah, I've messed with the stuff a bit in the past. I understand the technical details decently well.

I don't see any significant difference between Bitcoin and the rest. Bitcoin was just the first thing that stuck but that doesn't grant it any special privileges.

If you can't figure out why Bitcoin stuck and the others didn't then maybe you should put a little more effort into understanding the differences. Or just respectfully stay out of these conversations maybe?
> If you can't figure out why Bitcoin stuck and the others didn't then maybe you should put a little more effort into understanding the differences.

Yeah, inertia, social pressure, and economic incentives. For instance miners are into it for the money, so to them technology doesn't matter. A technologically superior network is of no use to a miner if mining for it makes less money.

> Or just respectfully stay out of these conversations maybe?

Nope.