...
JJG
fillippone's comment 507835 on at page 25392.
Ok. Thanks OROBTC for pointing out the post. I found it.
Here is the link for easy future reference.Usually it is better to provide the link to the post, rather than referring to its post number or its page number because post number and page number will change, and in this case, the post number has already changed to 507834, as I type, but if someone deletes some posts in front of that post, then its number will change again.
His comments on encryption, the Internet, etc. being similar to how the Netherlands developed their swampland and became a economic powerhouse is what I refer to. Sorry for the bad communication.
Ok. No problem. I had not read the article because I did not want to enter my e-mail, so I only saw the blurb that fillioppone seemingly had excerpted out of the article.
EDIT: Of course not all the story is written re BTC and the future of crypto.
Sure, it can be informative to attempt to make historical comparisons, and maybe we also learn some history along the way, too.
I recognize that it is very possible that a better crypto may come along in due course, although it looks like the current crop of Alts are, well, shitcoins for now.
I would phrase the proposition a bit differently, which is that Bitcoin is the only real and meaningful game in town. All of the others are cheap and incomplete copycats, even when they are suggesting that they are doing something else or making some improvement to bitcoin, blah blah blah.
I largely agree that even if bitcoin is the best game in town, currently, we should not be such blind bitcoin maximalists as to either ignore everything else or to fail or refuse to hedge on some other coins or other projects in the event that something better might come along. However, at the same time, there might be a decently large waste of brain power to be contemplating the possibility that something better might come to town when there is nothing meaningfully wrong with bitcoin that cannot be worked on etc etc.
Bitcoin is as about as perfect of a project as anyone could have imagined with incentives that are in place that cause motivations and incentives for peeps to build upon it.. to put efforts in place to freemarketly compete for it and within it... and for people to market it without getting paid and bitcoin not having any marketing team but not needing any marketing team because in the end a strong and scarce storage of value is likely going to gravitate value into it, whether we market it or not... or whether we work against it or not... Honey badger don't care.
Maybe you have heard about the theoretical suggestion that any coin to meaningfully compete against BTC and to truly take value from it in the long term (in terms of replacing it) should have something like a 10x improvement over BTC, so in other words, there may be some inferior technical aspects of bitcoin, but if the supposed improved technology that is meant to replace that inferior aspect of bitcoin is not at least 10x better, than they can fuck off or go kick rocks because no one is going to adopt that (at least no one smart and not in the long term), when the world already has bitcoin to do that function... one of the advantages of an incumbent that happens to have built in money that is built upon network effects, Schelling points and consensus.