Hi, I am new to all this, but help me understand this. If there is a crypto coin that is very useful and has functional value, not just speculative, say it becomes very expensive. What is to stop someone from just creating their own coin that is the almost identical to it, and using it instead, so high prices are not paid for the other coin? How can all these coins maintain high values, when people can just create as many new coins as they want?
Your statements are contradictory. On one side, you are saying that a coin has utility. On the other side, you saying someone else make identical coin!
Now if Apple makes Mac Book, it doesn't mean anyone else can make computer with same specifications and can sell at same price as of Apple. Apple has brand name and userbase which is not easy to take up.
Similarly just creating a copy of coin (which is however possible), it is not possible to take up its operation and userbase. However, it is possible in case of speculative coin.
