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Totally agree, but would also add this general concept applies to many non-bitcoin startups (especially those that deal in "real world" services as opposed to p
by georgemcbay 13y ago
Totally agree, but would also add this general concept applies to many non-bitcoin startups (especially those that deal in "real world" services as opposed to pure software) as well, eg. Airbnb, Uber, etc.
The natural path of these "disruptive" startups is to start small and lean, ignoring a lot of the complexity of whatever market they are disrupting, and then a slow and steady snowballing as they begin to re-accumulate a lot of the baggage of the industry they came in to disrupt. In the end if you're lucky you wind up with something that is still better than the old thing, but not nearly as much better as the original hype around the new thing would suggest.