Home, land, gold, real stock is a real physical asset, BTC is not, 1M people can create their next BTC it is not a unique thing you got my point it is just a binary currency on some computers, why not I create my own currency and everyone can do the same no one can prevent anyone, my goal here to make you see BTC is not that special it is just a concept of uniqueness that anyone can create.
@IBM That seems a very costly burger now 😅 @Growthy unique concept with BTC is trust and its not built overnight. Took 10 years to get to the point where Btc is today.
Its game theory that if someone copies exact BTC code and starts mining their own currency no one will believe in it because where is the end to this. If this is allowed, then their will always be newer copies. And their are BTC copied with little tweaks BCH, BTG, BTD and what not. Same for all cryptos. Their source code is open. You can create same in your own name but why will we buy because if we do, then what's stopping @IBM from launching one in his own name.
I'd argue direct listings are even scarier than traditional ipos. A traditional ipo has a market making desk that will absorb a small amount of the movement and volatility in the first 2 weeks at least.
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@Growthy unique concept with BTC is trust and its not built overnight. Took 10 years to get to the point where Btc is today.
Its game theory that if someone copies exact BTC code and starts mining their own currency no one will believe in it because where is the end to this. If this is allowed, then their will always be newer copies. And their are BTC copied with little tweaks BCH, BTG, BTD and what not. Same for all cryptos. Their source code is open. You can create same in your own name but why will we buy because if we do, then what's stopping @IBM from launching one in his own name.