Bitcoin is becoming more recognizable and trusted. But as it's popularity increases, the supply isn't going to change significantly because the supply is fixed to the internal mining algorithm. This is good because it removes the inflationary effect on the currency. Or does it?
Couldn't I just start a new "bitcoin" on a new network, and call it "bitcoins", and therefore double the amount of bitcoins in existence?
That example seems trite, but it gets to a worry I have, that the limited total number of possible bitcoins may be rendered worthless because it is open source and you can just create a secondary bitcoin network to create more bitcoins.
Is this an actual hazard to the value and future growth of the currency? Why, or why not?