btcschellingpt on Nostr: Bitcoin is the capstone on 4 *decades* of innovation and experimentation .. and it is ...
Bitcoin is the capstone on 4 *decades* of innovation and experimentation .. and it is the foundation for decades more that we’re already seeing start to emerge:
- Liquid
- Lightning
- eCash
- Nostr
Ignorance of the history leads also to the fallacy of “version 2 will be better” which the altcoin promoters feed on
Fundamentally, and i speak as someone coming from a technical background, the most important aspect to learn is that Bitcoin’s innovation is economic (verifiable absolute digital scarcity), not technical.
Then technical innovation is impressive but only in so far as it enables the actual economic innovation
🤝
Published at
2024-08-03 01:33:52Event JSON
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"content": "Bitcoin is the capstone on 4 *decades* of innovation and experimentation .. and it is the foundation for decades more that we’re already seeing start to emerge:\n- Liquid\n- Lightning\n- eCash\n- Nostr\n\nIgnorance of the history leads also to the fallacy of “version 2 will be better” which the altcoin promoters feed on\n\nFundamentally, and i speak as someone coming from a technical background, the most important aspect to learn is that Bitcoin’s innovation is economic (verifiable absolute digital scarcity), not technical.\n\nThen technical innovation is impressive but only in so far as it enables the actual economic innovation\n\n🤝",
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