Every time a new altcoin comes out, Bitcoin hoarders often have a knee-jerk reaction: “Who are these upstarts, and what is it going to do to my investment?”
Their reaction is understandable. Some new cryptocurrencies present no fundamental innovation, and are clearly the offspring of sour late adopters. Many make an honest effort, bringing non-currency functionality, but questions remain about whether these splinter movements can survive the network effect. The open source movement requires cooperation.
Factoids […]