3 ms·
>A different (more modern?) cryptocurrency could serve all of those needs People always underestimate the power of network effects. People have been predicting
by hackinthebochs 9y ago
>A different (more modern?) cryptocurrency could serve all of those needs
People always underestimate the power of network effects. People have been predicting the demise of facebook for the last decade. Surely something better will come along at eat its lunch, right? Wrong. Network effects are and always will be king.
- omarchowdhury 9y agoWhy haven't network effects brought to Bitcoin mass adoption already, then? The very nature of network effects is that they are an accelerant for adoption, why hasn't this happened? It's been 8 years.
- hackinthebochs 9y agoNetwork effects isn't about adoption necessarily, its about defense. If a cryptocurrency is going to be mainstream, it will be bitcoin barring some massive self-inflicted wound or some new game changing technology. But adoption hasn't reached critical mass because there are still many usability barriers. Hopefully with segwit we'll start to see those barriers fall away.
- deleted 9y ago[deleted]
- hackinthebochs 9y agoNetwork effects isn't about adoption necessarily, its about defense. If a cryptocurrency is going to be mainstream, it will be bitcoin barring some massive self-inflicted wound or some new game changing technology. But adoption hasn't reached critical mass because there are still many technical barriers. Hopefully with segwit we'll start to see those barriers fall away.