My last hangup was that anyone can spin up a new coin with identical, or even possibly better properties, so the 21M cap doesn't really matter. I was missing the enormous first-mover advantage that bitcoin has from its large existing network of users.
For me it was the importance of network effects.
My last hangup was that anyone can spin up a new coin with identical, or even possibly better properties, so the 21M cap doesn't really matter. I was missing the enormous first-mover advantage that bitcoin has from its large existing network of users.