I created this thread to start a healthy and civil discussion, so please behave yourself.
I was helping another person to learn more about blockchain / cryptocurrencies. I sent him a wall of text with some good information, where I stated that in my opinion Bitcoin will be overruled by other technologies in 1 / 2 / 3 years and he asked me this: (summed up)
“I have the same thoughts on BTC as you do, but after reading up on Cardano I have changed my mind a little. BTC is market leader and if Cardano succeeds, BTC can copy their work and still be the biggest, but also with the best software? Cardano is open-source, meaning they aren’t protecting it against anyone stealing it?”
I have answered, that not only the underlying technology is important, but as well the team behind it to keep up the ecosystem, where we have IMHO the absolute best one (IOHK+CF+Emurgo) so this would be a factor.
Furthermore, I think BTC would take a big, big, BIG hit by the followers and the trust of it’s followers would decrease a lot if it just changed it’s sourcecode to something completely different. (If we ignore that it might not even be possible and ADA is different on all levels, PoS vs PoW, etcetc)
What is your opinion on that topic?
What is your opinion on hard forks?
Do you think a project with more adoption (BTC) could just copy/paste sourcecode of a less adopted, but better technology? Would they succeed with it?
I hope I sparked some thoughts in your head and am looking forward to hearing some opinions