Comment: No one has still

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No one has still

No one has still satisfactorily addressed my question about bitcoins:

What is stopping anyone from creating identical Bitcoin algorithms (let's called them Bitcoin2, Bitcoin3, etc)? Because it is a program, it can be replicated exactly, so you cannot say that those other algorithms are competing currencies. Because each bitcoin is just a series of 1s and 0s, there is an infinite amount of bitcoins that can be created, with nothing of value backing them except the idea that it is "rare" which isn't true, as I have described above.