Re: Bitcoin start-up advice needed
Posted: May 22nd, 2022, 12:03 pm
GoSeigen wrote:Mike4 wrote:Hornblower wrote:
So far in it's 13 year life, there appears to be a correlation between the BTC price and this cycle. Price tends to increase substantially coming up to the halving, presumably as the market remembers just how scarce bitcoins are becoming.
May I ask a question? (I noticed someone else in the thread suggesting people should do their research before posting in this thread but threads like this ARE my research.) Bitcoin may be becoming scarce but what is the force or motivation preventing the Bitcoin project being copied or replicated in every way by someone to compete directly with Bitcoin? Then there would be twice as many available.
I realise this must be a really naïve question but I"ve yet to see it addressed in anything I've read about Bitcoin.
Thanks...
This is really the same question as mine earlier: what does Hornblower see as the distinction between Bitcoin and the others which he says "are scams/have no purpose."
GS
And this question also loops back to the point about whether Bitcoin is a currency or not. Can Bitcoin (or any of the others) work as a currency when at any time, a clone of it can be set up?