Comment: Sort of.

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Sort of.

People could easily create new cryptocurrencies that work the same way bitcoin does. That's not the same as duplicating bitcoins. It's just using the same program to create rival cryptocurrencies. What's the problem? Let the cryptocurrencies compete for market share. There is no "false scarcity," in the sense of bitcoins being more numerous than they purport to be; it's an ARTIFICIAL scarcity designed into the program, and it's a good thing, not a bad one. Bitcoins are exactly as rare as they were designed to be, nothing fraudulent about that.

Recommended reading: The Most Dangerous Superstition by Larken Rose