—” There is also a finite amount of Bitcoins that can be rewarded. “
How does that work with an unlimited number of Cryptocurrencies’?
Gresham’s law, “bad money drives out good”, will kill the lot of them off.
The Turkish bitcoin exchange worked out so well?
The Different Crypto Currencies use different puzzles and technology, they’re based on similar principles but they’re their own systems with their own rules.
For example, Doge Coin doesn’t reward the same way the Bitcoin does. Bitcoin behaves more like a digital asset that can be fractioned off into many pieces, while Dogecoin inflates at a set rate.
They don’t have the same profile.
Bitcoin has been around a long time and has built up a large market cap. Most volume trades of Bitcoin are fractions of Bitcoin now.