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The first mover benefit is probably the biggest issue I see with Bitcoin. When I think of advances in technology and services I don't feel the first adopters ge
by vyrotek 6y ago
The first mover benefit is probably the biggest issue I see with Bitcoin. When I think of advances in technology and services I don't feel the first adopters get a locked in advantage that other people can't match or surpass.
There can be some benefits to being early such not needing to fight for attention as hard on a new social platform. But plenty of people put in work and grew things like YouTube channels bigger than many old first adopters. But other services and tools just wait to be used and generally provide their value immediately once adopted
Bitcoin just doesn't feel that way. The value proposition here is... value itself. There just aren't many options to leverage this technology other than being early and waiting. You can only make up for lost time by dumping an equivalent amount of money into it now to make up for lost time.
- Retric 6y agoThe obvious way to beat Bitcoin is to wait until it’s maximum value at which it can’t leverage further price increases. Once that happens it needs to compete on features, until then it can be pumped as an investment opportunity. I don’t have a specific prediction on this front, but exponential growth simply never lasts long term. PS: Dividends and stock buybacks act as an escape value. However, while a 1% dividend simulates exponential growth if you simply buy company stock with it eventually you own the company and are left with a fixed income stream. The same happens with buybacks, eventually if you don’t sell everyone else does and you own the company.
- e_y_ 6y agoThe only value of Bitcoin is its massive brand awareness. Everyone and their doge has heard of Bitcoin, whereas most people have not heard of any other currencies. That's probably worth a few billion in itself, but not more.