Nothing is stopping anyone from spinning up a new network, nothing is stopping anyone from forking Bitcoin and airdropping people the new coin.

But that doesn't mean they can transfer the user base, the various nodes, apps, wallets and service providers, bitcoin has a network effect, which is pretty hard to break network effect even if its rubbish.

Look at all the issues people have with big tech like Google, Facebook etc, yet the network effect continues on, despite them diluting the product over time. Now imagine how sticky a network is when its rewarding people and has a continued track record.

In theory a network could come along and become more distributed than Bitcoin sure, but theory is one thing, practice is another and its highly unlikley. In theory there could be a new internet, faster, and better but we've already sunk so much time, effort and infrastructure into the current system that migrating away would be near impossible.

If networks want to compete against Bitcoin, thats all good and well, but if Bitcoin keeps demonitising other networks, whats keeping people from moving to the strongest network?