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ChaseAdam17's profile
Chase Adam
Chase Adam
Chase Adam
@ChaseAdam17

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Chase Adam

@ChaseAdam17

Sometimes I leave my phone on during takeoff. Cofounder, Watsi and Meso.

Internet
meso.health
Joined October 2011

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    Chase Adam‏ @ChaseAdam17 26 Nov 2017

    Is there something about bitcoin that makes it less likely to be a first mover failure (e.g. myspace)?

    10:47 AM - 26 Nov 2017
    • 1 Like
    • Vaibhav Mallya
    5 replies 0 retweets 1 like
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      2. Karan Kurani‏ @karankurani 26 Nov 2017
        Replying to @ChaseAdam17

        Not particularly. The value of bitcoin right now is mostly from speculation rather than some sort of utility value. With Bitcoin Cash/Eth/Z Cash/Monero its a different story - there seems to be more potential for them to be useful in some way which is not just their own price.

        1 reply 2 retweets 8 likes
      3. Karan Kurani‏ @karankurani 26 Nov 2017
        Replying to @karankurani @ChaseAdam17

        Broadly speaking because of the following. BCH - Actually focusing on increasing num of txns. Eth - Non currency applications of blockchain (most interesting for me personally). Z Cash/Monero - Actually anonymizing txns. These have great impact on legal/gray area/illegal markets.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. New conversation
      2. @jc00ke@mastodon.social‏ @jc00ke 26 Nov 2017
        Replying to @ChaseAdam17

        Ubiquity, only with adoption (ie use) but that's why I think it'll fail. Not actually being used. That, and energy consumption for both mining and tx based on PoW will likely cause it to fail.

        1 reply 0 retweets 1 like
      3. @jc00ke@mastodon.social‏ @jc00ke 26 Nov 2017
        Replying to @jc00ke @ChaseAdam17

        Given it's been around for 10 years and hasn't proven to be useful, I think that constitutes a form of failure.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. Dave‏ @redskyforge 26 Nov 2017
        Replying to @ChaseAdam17

        Not inherently. It has a reasonable first mover advantage, but some of the alternatives are compelling. It’s a very tricky one to call though

        0 replies 0 retweets 1 like
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      1. Vaibhav Mallya‏ @mallyvai 26 Nov 2017
        Replying to @ChaseAdam17

        Caveat: I'm a cryptocurrency skeptic. IMO: depends on what one means by "failure". Constant incentive to keep using (coins worth __something__) Always have utility as "settlement layer" that verifies other Tx Succeed as $$ replacement? unlikely. But has mucho utility

        0 replies 0 retweets 1 like
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      1. marcus siegel‏ @msiegs 26 Nov 2017
        Replying to @ChaseAdam17

        network effect of 3rd party development? myspace ceded to fb bc real identity had stronger network effects. but those were walled gardens. given a protocol’s network effect is driven by ecosystem dev, that’d be my guess...

        0 replies 0 retweets 0 likes
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