Topic: What will happen if we create another bitcoin? (Read 1894 times)
You mean bitcoin 2.0..something like that...thats kinda funny
There is no such thing as "another Bitcoin", as anything new will be seen as a close/ripoff/altcoin, like it should be.
What will happen if we create another bitcoin?
Ask Gavin.
Brilliant idea !
Oh, 4000 people already came up with it.
Oh, 4000 people already came up with it.
He meant if someone created another altcoin called bitcoin and made everything the same.
It would be tricky to set up the victims, they would have to be 100% unfamiliar with BTC in general. But I suppose it could be done and someone will probably try it.
A greater danger might be software that looks like a wallet but carries a standard payload of malware.
The problem with any cryptocurrency is to have people believe it has and will continue to have value.
You can find out the answer by taking a quick look in the altcoin section of the forum, many many Bitcoin variations have been created.
You can't create another bitcoin, because bitcoin is only one, and the first cryptocurrency, you only can create an altcoin.
Nothing will happen. You will be the only one using it
"There can only be one!" quote from Highlander ;-> Now that reveals my age, or not.
People are already trying it with Bitcoin XT and all the other Alt Coins based on the Blockchain out there. It's not a new idea.
Even the big financial institutions are getting in on the action, with the development and investment of millions of dollars into their own
copy of the blockchain technology.
Bitcoin had lots of little babies, called Alt coins. One day they will grow big and they will take over from Big Daddy.
People are already trying it with Bitcoin XT and all the other Alt Coins based on the Blockchain out there. It's not a new idea.
Even the big financial institutions are getting in on the action, with the development and investment of millions of dollars into their own
copy of the blockchain technology.
Bitcoin had lots of little babies, called Alt coins. One day they will grow big and they will take over from Big Daddy.
What will happen if we create another bitcoin?
What you mean what will happen? Creating an altcoin
Bitcoin was the first, that is why it is more mainstream than all the rest. The rest is mainly just people trying to create more fictional money after hearing about Satoshi's initial BTC stash.
It's been done so many times already. I don't think anything is is going to take over Bitcoin. I am not exactly sure what you mean by another bitcoin, since so many other altcoins exist.
Brilliant idea !
Oh, 4000 people already came up with it.
Oh, 4000 people already came up with it.
He meant if someone created another altcoin called bitcoin and made everything the same.
It would be tricky to set up the victims, they would have to be 100% unfamiliar with BTC in general. But I suppose it could be done and someone will probably try it.
Nothing will happen, it will be just like another alt coin to be pumped and dumped and thats it.
A lot of people have thought of that idea but they forgot that a coin gets better as it grow older and gets wide acceptance. I have heard of bitcoin scrypt but that is no more.
Brilliant idea !
Oh, 4000 people already came up with it.
Oh, 4000 people already came up with it.
He meant if someone created another altcoin called bitcoin and made everything the same.
Brilliant idea !
Oh, 4000 people already came up with it.
Oh, 4000 people already came up with it.
I'm not sure I understand the point or purpose behind this?
Like mentioned above, there are already many many many altcoins that have tried to do the same.
There can only be one bitcoin.
Like mentioned above, there are already many many many altcoins that have tried to do the same.
There can only be one bitcoin.
The only way for a parallel bitcoin to succeed is to have more value than the previous.
In order to have this value investors must believe in it and devs must be very focused and innovative and "sell" this initiative as a bitcoin without flaws.
It might gain some momentum and be competitive because it'd have the same brandname, but I really don't think that could ever outpace the original bitcoin.
Nevertheless, I think it could be a cool experiment.
In order to have this value investors must believe in it and devs must be very focused and innovative and "sell" this initiative as a bitcoin without flaws.
It might gain some momentum and be competitive because it'd have the same brandname, but I really don't think that could ever outpace the original bitcoin.
Nevertheless, I think it could be a cool experiment.
The world will explode, that's what will happen
the bitcoin II will porb worth like per unit the same but its more like 4 billions decentralized dollars money
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