๐๐ฏ ๐ฆ๐น๐ค๐ฆ๐ณ๐ฑ๐ต ๐ง๐ณ๐ฐ๐ฎ ๐ต๐ฉ๐ฆ ๐ง๐ช๐ง๐ต๐ฆ๐ฆ๐ฏ๐ต๐ฉ ๐ค๐ฉ๐ข๐ฑ๐ต๐ฆ๐ณ ๐ฐ๐ง ๐ฎ๐ญ ๐ค๐๐ฒ๐๐๐ถ๐ผ๐ป๐, ๐ต๐ฉ๐ฆ ๐ธ๐ฐ๐ณ๐ญ๐ฅโ๐ด ๐ง๐ช๐ณ๐ด๐ต #Ai-๐ฆ๐ฏ๐ฉ๐ข๐ฏ๐ค๐ฆ๐ฅ #Bitcoin ๐ฃ๐ฐ๐ฐ๐ฌ.
This question is not only frequently asked by new bitcoin users, but also by many โcryptoโ enthusiasts. saylor (npub15dqโฆlm5m) answered this succinctly when he said โ๐๐ฉ๐ฆ๐ณ๐ฆ ๐ช๐ด ๐ฏ๐ฐ ๐ด๐ฆ๐ค๐ฐ๐ฏ๐ฅ ๐ฃ๐ฆ๐ด๐ต,โ but in ๐ฎ๐ญ ๐ค๐๐ฒ๐๐๐ถ๐ผ๐ป๐, TheGuySwann (npub1h8nโฆrpev), CARLA (npub1hu3โฆh8nh) and walker (npub1cj8โฆrz4u), and bradmillscan (npub1zjxโฆpvrl) go much deeper into why Bitcoin canโt be copied.
Below is Carla and Walkerโs answer, as written in ๐ฎ๐ญ ๐ค๐๐ฒ๐๐๐ถ๐ผ๐ป๐:
๐๐ฎ๐ฟ๐น๐ฎ ๐ฎ๐ป๐ฑ ๐ช๐ฎ๐น๐ธ๐ฒ๐ฟโ๐ ๐ฎ๐ป๐๐๐ฒ๐ฟ:
Every time someone comes across Bitcoin for the first time, they inevitably think: "๐๐ฐ๐ญ๐ฅ ๐ฐ๐ฏ, ๐ธ๐ฉ๐ข๐ต ๐ช๐ง ๐ด๐ฐ๐ฎ๐ฆ๐ฐ๐ฏ๐ฆ ๐ค๐ฐ๐ฑ๐ช๐ฆ๐ด ๐๐ช๐ต๐ค๐ฐ๐ช๐ฏ?! ๐๐ฉ๐ข๐ต ๐ด๐ถ๐ณ๐ฆ๐ญ๐บ ๐ฎ๐ฆ๐ข๐ฏ๐ด ๐๐ช๐ต๐ค๐ฐ๐ช๐ฏ ๐ช๐ด ๐ธ๐ฐ๐ณ๐ต๐ฉ๐ญ๐ฆ๐ด๐ด, ๐ด๐ช๐ฏ๐ค๐ฆ ๐ข๐ฏ๐บ๐ฐ๐ฏ๐ฆ ๐ค๐ข๐ฏ ๐ฎ๐ข๐ฌ๐ฆ ๐ข ๐ค๐ฐ๐ฑ๐บ! ๐ ๐ข๐ฎ ๐ท๐ฆ๐ณ๐บ ๐ช๐ฏ๐ต๐ฆ๐ญ๐ญ๐ช๐จ๐ฆ๐ฏ๐ต ๐ข๐ฏ๐ฅ ๐ฅ๐ฆ๐ง๐ช๐ฏ๐ช๐ต๐ฆ๐ญ๐บ ๐ต๐ฉ๐ฆ ๐ง๐ช๐ณ๐ด๐ต ๐ฑ๐ฆ๐ณ๐ด๐ฐ๐ฏ ๐ต๐ฐ ๐ต๐ฉ๐ช๐ฏ๐ฌ ๐ฐ๐ง ๐ต๐ฉ๐ช๐ด."
Yes, anyone can copy Bitcoin's code, and thousands have tried. This is why tens of thousands of โalternativeโ crypto tokens exist, but they are not ๐ณ๐ฆ๐ข๐ญ alternatives to Bitcoin.
Bitcoin is the ๐ง๐ช๐ณ๐ด๐ต cryptocurrency and absolutely scarce. It has years of history, ever since it started in 2009. It has all those years of Proof of Work.
โAltcoinsโ are merely recreations of the same centralized, top-down, broken monetary system we have in the fiat world. They are schemes designed to enrich the insiders, those few people closest to the creation of new tokens, who have the power to change the rules to suit themselves.
When Satoshi Nakamoto created Bitcoin, he had to mine new bitcoin just like everyone else. He didnโt set aside a big chunk of coins for himself, his buddies, or Silicon Valley VCs. No, he had to use real-world energy to mine bitcoin. Thus, Bitcoinโs launch was fair.
Making an identical copy of Bitcoin is pointless because it does not have Bitcoinโs history โ Bitcoinโs Proof of Work. Copying Bitcoin and making changes is also ultimately pointless (unless you are trying to create a scheme that benefits insiders at the expense of everyone else) because ๐ฎ๐ป๐๐๐ต๐ถ๐ป๐ด ๐๐ผ๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ ๐๐ถ๐น๐น ๐ถ๐ป๐๐ผ๐น๐๐ฒ ๐ฉ๐ง๐๐๐-๐ค๐๐๐จ ๐ถ๐ป ๐ฑ๐ฒ๐ฐ๐ฒ๐ป๐๐ฟ๐ฎ๐น๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ฎ๐ป๐ฑ ๐๐ฒ๐ฐ๐๐ฟ๐ถ๐๐. There's a reason Michael Saylor says, โ๐๐ฉ๐ฆ๐ณ๐ฆ ๐ช๐ด ๐ฏ๐ฐ ๐ด๐ฆ๐ค๐ฐ๐ฏ๐ฅ ๐ฃ๐ฆ๐ด๐ต.โ This is not some mere meme (although it has become one now); it is an acknowledgement of objective reality.
To put it simply: There is Bitcoin, and there are shitcoins.
Carla is an eccentric woman who combines her theater, music, writing, and video production skills to create satirical and educational content around Bitcoin and current events. She loves to make people laugh, cry, and cringe. Youโll find her wearing orange.
Walker is a Bitcoin podcaster, speaker, writer, and satirist who leverages new mediums to educate and spark curiosity. His goal is to make people think, laugh, and question the world they think they know. In the fiat world, he runs a software company.
Together, Carla and Walker are "The Crypto Couple," delivering short-form viral videos designed to reach outside the Bitcoin echo chamber and spark curiosity in new audiences.
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