Bitcoin demonstrates the importance of first-mover advantage. It's one of the worst and most inefficient cryptocurrencies in existence but because it was the f

Bitcoin demonstrates the importance of first-mover advantage. It's one of the worst and most inefficient cryptocurrencies in existence but because it was the first, it's the most valuable. The world would be much better off with a Proof of Stake cryptocurrency as the dominant cryptocurrency. The rhetoric is extremely resilient. The price of Bitcoin has nothing to do with the underlying technology, it's all about the social network and infrastructure which exists around it. The rhetoric concerning Bitcoin only using clean energy is BS... If Bitcoin didn't use that surplus electricity, some other useful project would have had access to even cheaper electricity. But the same can be said about most of the big tech companies in existence today. Their dominance is all about social networks, infrastructure and rhetoric.