There are fewer than 300 *real* legit protocol engineers. Only so many people can build these things. I think they are probably the most scarce asset.
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Replying to @MustStopMurad @RyanSAdams
Agreed. But what does that have to do with predictability as a feature with respect to SoV?
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Replying to @PhilJBonello @RyanSAdams
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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Replying to @MustStopMurad @PhilJBonello
Say BTC decides to freeze everything tomorrow. No further protocol development. No further BTC ecosystem development. Does your opinion change?
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Replying to @RyanSAdams @PhilJBonello
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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Replying to @MustStopMurad @PhilJBonello
In my scenario only BTC freezes. All other competitors maintain their current velocity. Does BTC still win SoV?
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Replying to @RyanSAdams @PhilJBonello
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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Replying to @MustStopMurad @PhilJBonello
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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Replying to @RyanSAdams @PhilJBonello
Who do you think could theoretically beat BTC?
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Replying to @MustStopMurad @PhilJBonello
A competitor that evolves faster. Just as an evolving BTC clearly beats a version of BTC feature locked to its April 11, 2018 version. Over the past 3 years, I’d argue other protocols have evolved faster than BTC.
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Only security, decentralization/censorship resistance, disinflationary monetary policy matters for SoV. Nothing else. When someone beats BTC along these criteria, then we can sit down and have a serious conversation. Proof of Stake is complex...
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