The BTC is Digital Gold analogy always falls short for me. Gold competed with a limited set of elements on the periodic table for SoV. BTC competes against the full universe of possible software designs. Gold can afford to stay static. BTC must evolve or die.
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Agreed. But what does that have to do with predictability as a feature with respect to SoV?
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Sorry dont know why I commented directly under your thread :) I meant to say the design space isn’t limitless, and at be end of the consensus for SoV will have to be a global choice between <5-10 serious options. I think BTC is a superior SoV to any smart contract platform.
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Say BTC decides to freeze everything tomorrow. No further protocol development. No further BTC ecosystem development. Does your opinion change?
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If ALL cryptos stop development. Only Bitcoin would succeed. Bitcoin can become Neo-Gold as is, without ANY changes. No one else can say this.
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In my scenario only BTC freezes. All other competitors maintain their current velocity. Does BTC still win SoV?
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It’s an unfair thought experiment. Let’s either keep them all going at their respective paces or freeze all of them. Bitcoin is evolving, just extremely conservatively.
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It’s useful because it isolates something that BTC SoV proponents too easily discount: velocity of improvement. Think Darwin not Silicon Valley. If BTC doesn’t keep pace then faster evolving organisms will claim market cap. As they have.
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Who do you think could theoretically beat BTC?
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