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by th0ma5 4830 days ago
What is stopping someone from looking at Bitcoin, changing something simple, and competing immediately?
3 comments
SilasX 4830 days ago
Nothing but getting people to use the competing currency. There are already numerous competitors trying to get momentum.
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aianus 4830 days ago
The same thing that's preventing someone from looking at Facebook, changing something simple, and competing immediately: nothing but network effects.
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drcode 4830 days ago
You might be interested in namecoin or litecoin. Unfortunately, those aren't worth much, because of the network effects driving bitcoin.
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