With a large amount of financial institutions running blockchains or now implementing them, does this not prove the bitcoin blockchain is a success.
the only reason to implement a technology your competitor invented is because it works
With a large amount of companies running social media networks or now implementing them, does this not prove the myspace social network is a success.(?)
the only reason to implement a technology your competitor invented is because it works
[inb4 but mah sensorship free digital hodling gold store of value for captains of industry]I know people like to use myspace to emphasize a certain point about inadequacies with first mover advantages by itself, but the myspace analogy remains a bit inept because there is more to first mover advantage besides the number of users.... and something about bitcoin does not quite fit that attempted analogy.
Surely, we will see how the bitcoin experiment plays out in the near term (and it seems far from dead as Hearn and like naysayers have been recently asserting), and bitcoin is a long way from having any serious contenders for the trusted first place slot... and if some people are describing ethereum, at this point, as a serious contender to bitcoin because of its moving up in the marketcap ranks, we certainly need to see how that seemingly current phenomenon plays out...
Ethereum has been pumped quite a bit recently, but they have already in their short history experienced considerable centralization type problems and also problems with how they employed their crowd sourcing proceeds from last year... Maybe, those issues are behind Ethereum, but several aspects of ethereum seem to have its own issues in regards to pump and dump sense and various small community centralization like dynamics.
- if people wish to discover how we found porn in 1994 then they can type it themselves... ( and learn how we got rid of spyware too!)
