LynAlden on Nostr: The way things are shaping up, I think the story arc for this next cycle or two will ...
The way things are shaping up, I think the story arc for this next cycle or two will be:
-A lot of altcoin VC money flows back into the Bitcoin ecosystem, builds a bunch of bubbles in startups based on too-early tech and broad speculation, and gets washed out when that tech takes longer than expected to mature. Additionally, a lot of the capital will get pulled toward speculation/trading of tokens on top of Bitcoin and blow up from that direction as well.
-Then after it washes out, there will indeed be some good mature utility-focused tech that emerges out of it that makes Bitcoin's layered stack better and more user-friendly. Bitcoin, both as sound money and to some extent as an immutable truth layer, emerges stronger.
Published at
2024-02-11 16:19:23Event JSON
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"content": "The way things are shaping up, I think the story arc for this next cycle or two will be:\n\n-A lot of altcoin VC money flows back into the Bitcoin ecosystem, builds a bunch of bubbles in startups based on too-early tech and broad speculation, and gets washed out when that tech takes longer than expected to mature. Additionally, a lot of the capital will get pulled toward speculation/trading of tokens on top of Bitcoin and blow up from that direction as well.\n\n-Then after it washes out, there will indeed be some good mature utility-focused tech that emerges out of it that makes Bitcoin's layered stack better and more user-friendly. Bitcoin, both as sound money and to some extent as an immutable truth layer, emerges stronger.\n\nhttps://m.primal.net/HcEA.jpg ",
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