1/ Now I have you in my clutches, @naval, let's tango! You brought up a subject worth debating and considering in some depth, and certainly without any animosity (I'm sorry if it feels like you've been bombarded with negativity on this).https://twitter.com/naval/status/1019766115398893568 …
Unfortunately, some people (not you) took this observation/prediction as a personal insult and moral accusation.
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Regardless, all theorizing is just theorizing. The proof is in the pudding: Where DO people build new protocols? It's not on Bitcoin. They ARE building on Ethereum. Right now. And I say that as largely a "Bitcoin maximalist" when it comes to crypto-as-money.
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You might say, "Well, this is just a bubble in alt-coins, ICO, etc, and it'll burst sooner or later, and all the innovation in protocols will be built on Bitcoin in the future." Possibly. That's yet to be determined.
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The question isn't going to be answered by theorizing and idealizing, but rather, how it unfolds. Reality will settle the score. Thankfully, we can all place our bets and have skin-in-the-game.
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