Replying to Avatar Kendy

That accounting system counts cryptographic GUARANTEES of energy expenditure (energy in physics contexts)
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a source familiar with the matter 2y ago đź’¬ 3

Energy expenditure (somewhat) constraints supply, does not provide demand

But I can create a new ledger with the same code, BTC2, which meets all the same needs as Bitcoin Classic

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Kendy 2y ago

Nobody will care.

You’ll need network effects to dilute the “supply” you’re implying

Also, intrinsic value does not exist

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DRE 2y ago

There would need to be some difference in the code; otherwise, you would be running Bitcoin.

By all means you can do that. See BCash and BSV as failed examples. The assumption that your new BTC2 would meet the same needs that Bitcoin meets is that an assumption. Real world examples would suggest it wouldn’t.

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a source familiar with the matter 2y ago đź’¬ 1

Do they enjoy a nonzero price?

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DRE 2y ago

Probably, I don’t keep up with them.

f5
oldphone 2y ago

Try it. At least to start, your BTC2 nodes/network won't have the same hashrate, so the coins won't be very difficult to mine. But it won't be easy for BTC2 to resist the «privilège exorbitant» of BTC, its "network effect", & first mover advantage.

Just my 2 sats worth.