People once thought that AOL would beat the open web. Permissionless programmability and uncensorability seemed unimportant. Don’t bet against a distributed army of self-interested programmers.
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Replying to @naval
People thought that Linux could beat Windows too. What went wrong there?
9 replies 1 retweet 25 likes -
Replying to @ChrisBlec
Turned out to have been an improperly framed showdown. Android, Mac OS X and iOS kernels are based on Linux and BSD. Open source kernels have absolutely crushed Windows. And apps have migrated to web and mobile so Windows barely matters anymore.
8 replies 25 retweets 231 likes -
Replying to @naval
Isn’t saying that Android, OS X and iOS kernels are based on Linux just like saying XRP is based on Bitcoin? Commercial commandeering of our open source tech is a great danger.
2 replies 2 retweets 27 likes -
Replying to @ChrisBlec
It’s unlikely that censorable coins will win the store of value use case. Like all analogies, it’s inexact.
1 reply 4 retweets 93 likes -
Replying to @naval
Use as a currency is my greater concern. Convincing the world to use Bitcoin over a fiat digital “stablecoin” is anything but a given.
6 replies 0 retweets 12 likes
#Bitcoin as a currency is still a long ways at best. when decentralized exchanges capable of atomic swaps can instantly convert digitized “stable coin” fiat to any cryptocurrency then Bitcoin as a “store of value” use case might eventually fall apart.
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