3 ms·
One of the most important thing people overlook is network effects. By being around longer those chains have built those networks, so even if you have something
by rawtxapp 5y ago
One of the most important thing people overlook is network effects. By being around longer those chains have built those networks, so even if you have something better, it'll have a huge uphill battle for adoption.
For same reasons that many startups tried to compete with craigslist for years and failed because they didn't account for network effects.
- hackingforfun 5y agoIt's also important so that if Ethereum does ever successfully switch to proof of stake, it will be sufficiently decentralized enough already, due to starting on proof of work. Coins starting on proof of stake (including "Ethereum killers") may not have sufficient distribution to be considered decentralized.