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Comment by singularity2001 | Hacker News Reader

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singularity2001·

The supply is infinite if you take the whole crypto space:

You can create as many BTC#3 EGold-plus ... as you wish, and future generations will.

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And that's how dogecoin was "born"

That's like saying uber shares are infinite because you can start your own ridesharing startup and issue more shares.

Except you cannot just start your own global ridesharing service, can you?

Can't you say the same for bitcoin? Anyone can make a bitcoin clone, just like anyone can code a ridesharing app in a hackathon, but your clone isn't going to be the one recognized by everyone.

But crypto clones are much easier to create and have adopted than a company with real infra. The phenomenon of “this coin is too expensive let’s buy this new one hoping it’ll moon” is very real in crypto and encourages the creation of clones. Then miners then trivially shift their hash power to whatever clone gets the crowd interested.

> But crypto clones are much easier to create

Agreed.

> and have adopted than a company with real infra

Disagreed. Cloning is super-easy, adoption is super-hard.

Yeah, the only magic sauce behind Bitcoin seems to be that it was the first one and has the most valuable brand.

The later-created coins are similar to bitcoin but they're not "the bitcoin". In this way, the supply of bitcoin is still limited

This is also why Skepticoin cannot be cloned: the clones (cynicalcoin, sarcastocoin etc) are simililar, but they're not "the skepticoin". In this way, the supply of skepticoin is still limited.

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