2 ms·
Yeah; I think its a mistake to view the crypto ecosystem as one entity, even though its easy to think of it like that outside-in. We don't treat tech that way;
by 015a 4y ago
Yeah; I think its a mistake to view the crypto ecosystem as one entity, even though its easy to think of it like that outside-in. We don't treat tech that way; Apple is at war with Facebook, and they're lobbying for fairly different things.
My understanding of crypto culture is hazy, like most, but from what I've picked up: to some degree, there's Bitcoin, and there's everything else (well, there's that mistake of lumping everyone together again, but at least its more specific). Bitcoin has a weird traditionalist culture surrounding it; I once heard it described as "Bitcoiners would rather spend millions harvesting energy from a volcano than just reduce their energy needs." There's less culture of open collaboration and integration; less interest in useful utility; Bitcoin maximalists still cling on to the Digital Gold metaphor, whereas ETH maximalists have more utilitarian aspirations toward the currency/network acting like the Visa or Mastercard of a global computer, stacks of applications built-on-top-of one another, and ETH rises with the tide.
I sometimes wonder if the difference in culture has anything to do with Bitcoin's lack of a BDFL. ETH has Vitalik; very public guy, well spoken, has that fantastically nerdy & idealistic aesthetic reminiscent of early Page, Brin, Gates, and Zuck. Bitcoin has no one; and maybe that's allowed its community's more baser human instincts to manifest. Distrust, fear, greed, etc. Whereas BTC maximalists will argue that there's no perfect decentralized trust POS system, and thus POW is fundamentally necessary, Vitalik has publicly said that POS isn't perfect, but good enough.