8 ms·
Tesla has a ton of ip, Bitcoin is pretty cloneable
by ykevinator3 5y ago
Tesla has a ton of ip, Bitcoin is pretty cloneable
- atatatat 5y agoe.g. Dogecoin
- abriosi 5y agoBeing open source it is not a characteristic for value. There are multiple positive and negative examples of things that are open source and (un)valuable
- cko 5y agoThough Bitcoin does have brand name recognition. And being listed on major exchanges. Is that what they refer to as network effects, btw? And if it's akin to religion or a well known brand, it could be easily cloneable but not easily adoptable. I can make a leather handbag or carbonated beverage right now, but unless I slap a Chanel or Coca Cola logo on it, it's not likely to be in demand. We have the tendency to approach this from a rational perspective - "it's not a currency or store of value", "what about Tether", etc. But I can think of plenty of examples where the name itself is powerful enough. I'm not willing to bet that Christianity (or any major religion) will collapse in the near future. Slow decline, maybe. Of course, maybe there's only like a tiny minority of true believers, a couple price manipulating whales, some smoke and mirror organizations, and everyone else is a Robin Hood speculator. I don't have the numbers on that.