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Right. I've been describing it like this: That Bitcoin doesn't have a Good King anymore (Satoshi). Ethereum has Vitalik, and Linux has Linus. Projects with a Go
by fapjacks 9y ago
Right. I've been describing it like this: That Bitcoin doesn't have a Good King anymore (Satoshi). Ethereum has Vitalik, and Linux has Linus. Projects with a Good King typically defer tough decisions to the king, and the project is (usually) overall better off for it. But with Satoshi gone, everyone has their own ideas about what's "best" for Bitcoin, and there is no unifying force. Ethereum development is sane because Vitalik is heavily involved in it. I believe that is why Ethereum will succeed over Bitcoin in the long run.
- jacquesm 9y agoAll good kings eventually die. So projects without a good king are more future proof if they survive because they have already priced that reality in. The other projects could very well collapse once their good king dies.
- fapjacks 9y agoPerhaps. But which project is more likely to survive into the future: Bitcoin, or Ethereum? I think having a good king steers a project well enough to future-proof it in most cases, if for no other reason than that it's engineered better along the way.