Attempting a hard fork from Bitcoin is akin to copying all of the data from Wikipedia and hosting it on your website. However, without the millions of backlinks pointing to the real Wikipedia or the volunteer army continually updating it, this split version of Wikipedia would be lacking its network effect. Similarly, any minority hard fork of Bitcoin will have fewer nodes and less miner computation ability, rendering it less decentralized and censorship-resistant. This inherent weakness highlights one benefit that Bitcoin's dominant position brings: its strong network effects produce high security levels that deter malicious actors.#BTC #hardfork