Bitcoin is not Gold

Too Long; Didn't Read

Bitcoin has a <strong>uniqueness</strong> problem — Bitcoin has lots and lots of unique features and advantages that you can read about. However, I find one particular risk that you can drive a truck through. Compared to US Dollar (or Euro, Pound, any national currency) which by definition can have only one of each — and therefore is limited in number of ‘types’ of currency. So while in theory the Federal Reserve can print infinite dollars, there is only one Federal Reserve with only one dollar. But nothing prevents “multiple Feds” to exist in the virtual coin world — you can imagine an infinite number of currencies each with a finite number of coins. We already have Litecoin. What prevents me/you/anyone from creating Goatcoin, Sheepcoin, Bitcoin2, Bitcoin3,&nbsp;..BitCoinN? Why should Bitcoin then retain its purchasing power except for the first mover advantage.