Most cryptocurrency space newcomers and “thought leaders” overestimate Smart Contract platforms and underestimate Bitcoin as the biggest blockchain of the future. People are overapplying SV / SF / VC / Startup ideas and underapplying Sound Money / Austrian economics ideas.
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100,000 cryptos will be born and die before we reach “equilibrium”
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No, because there are only <300 people in the world who are truly capable of highest-level protocol development. There won't be *anywhere* near that many contenders.
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There are only so many Dominic Williamses, Bram Cohens and Silvio Micali's in the world... =))) these things are not easy to build, let alone do something that's 10x better than Bitcoin. Also, Bitcoin is improving as well.
End of conversation
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