0 sats \ 0 replies \ @WetBandit OP 24 Mar \ on: What's to stop competing coins bitcoin_beginners
Well, it's nice to hear my brain is on the right track at least. I guess my immediate answer would be a government token. But that definitely would not be decentralized or transparent so I guess that's a whole different thing all together. I'm guessing that's not far off anyway. I also think 85% of the population lives it's life of group think and acceptance. I think it would take a respected public figure to push adoption of a new coin. We've already seen Elon push shitcoins and demand go up in the short term. I don't have a good answer yet. The internet has changed so much about how society trusts and functions as a whole. There's no Walter Cronkite anymore and I don't think there's any figure like that to push mass adoption and have the masses willing to accept it; at least not right now.