Success just means that you're now faced with a different set of challenges. There are always more challenges.
I agree with you that those features are the most important foundations. As I said BTC can become a better, bigger, digital gold. I just don’t think it is great as day to day cash. I think supply should be manipulatable.
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Can build layers on top/ side to make it work without compromising the foundation
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At this hyperconservative (though undertandable) rate of change it might get outcompeted soon:) If it took 4 years to figure out 1MB / 2MB debate and ended up not changing... how LONG do you think until sidechains / drivechains / RSK / etc.???
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Also remember the network effects. eatures don’t win over network effects of a network especially if it is at a protocol level.
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Network effects in the world of cryptocurrency in general are pretty weak as switching is super easy. Moats are nonexistent. THIS being said, something that can be a good SoV+MoE+UoA will have network effets that are FAR BIGGER than just SoV...
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No it’s not weak. And there are many network effects not just customer.
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Customers, Investors, Retailers, Hodlers, Funds, Engineers, Decentralized Entrepreneurs, dApps... can all switch instantly...
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Add regulations, market awareness and institutionalisation to it. Moving all these together will only break the network effects. That by no means is easy.
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I think the reason BIG institutions and even Central Banks themselves AREN’T buying in big SIZE yet, is because it’s unclear who the big winners in the long-run will be... Even the experts can’t say for sure...
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Also yes PoW is the most robust system we have to date, and there is a non-zero chance it’s the best which can ever be, but I also think there is a non-zero chance PoS / PoST / etc. could prove even more secure and decentralized.
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I think we don’t have to disagree here. It being programmable money, we can build tech on it which makes some of those things possible. One of the issues about saying something static about BTC (any crypto) is assuming they are static.
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