Even if that chart is accurate, there's no guarantee that Bitcoin is the one that fulfills that role. So, why are you pushing for Bitcoin instead of pushing for experimentation/innovation to help *any* coin achieve those ideals? Seems narrowminded to pre-declare Btc the winner
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Replying to @cyounessi1 @TusharJain_
In order to disrupt Bitcoin, IMHO, a coin needs to be several times MORE provably secure, decentralized, immutable, disinflationary AND much faster/cheaper/programmable. Not saying it's 100% impossible, just extremely difficult; requires Nobel Prize lvl breakthroughs.
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Replying to @MustStopMurad @TusharJain_
Alright, and so the market is pricing in the probabilities of a coin dethroning Btc. There's a lot of exciting research going on in the background. Bitcoin devs are focused on strengthening Btc, but not necessarily searching for new solutions. At least that's the way I see it.
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Replying to @cyounessi1 @TusharJain_
I think we should disregard current market prices, because trading volumes aren't dominated by smart money yet, and mostly retail dummy noobs. XRP, TRON, and IOTA are still worth billions. I don't discount Algorand/Dfinity/XYZ-tech contending but its not gonna be easy IMHO. hard.
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Any new coin is *BY-DEFINITION* centralized, mutable, leader-assasinatable, no track record, hasn't stood the test of time, insecure, for the first 3+ years. It would take an uphill multi-year "proof" to the world (paid via "time") to receive shifts and gifts in monetary premia.
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This is the key insight: no one wants to spend *any* single-coin crypto before it's 10T+. So, for SoV, and for the time being: Security, Decentralization/Censorship-Resistane, Immutability and Low inflation is *EVERYTHING*. hard to 10x bitcoin on these criteria...
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I also think that on a psychoanalytic level, the synergy of greed, envy, regret and fear, makes people almost *want/hope/desire* for BTC to fail/collapse/be disrupted, and so that "their other new bag" becomes the winner and gives them the 1000x+ that early investors in BTC got=)
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