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Lyn Alden: Silicon Valley doesn't get Bitcoin because tech people know the first mover rarely wins. Ask Jeeves didn't win search. MySpace didn't win social. But Bitcoin isn't a regular technology - it's a protocol. And protocols don't get replaced once they win. Internet history is littered with them:... show more
122,327 görüntüleme • 13 gün önce •via X (Twitter)
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That’s cute how Lyn thinks Bitcoin has a moat because it is a protocol and assumes that Bitcoin’s protocol has more network adoption than Ethereum… it doesn’t. Ethereum’s protocol is #1 in terms of network adoption, but I am 100% sure Lyn would moved goal posts if you had brought that to her attention. BTC is has won a meme narrative, unsubstantiated by actual protocol adoption, and the 21M cap is unsustainable because of this reality.
The reason tcp, https, smtp, and IP won is because they efficiently achieve the purpose for which they were designed. What was BTC designed to achieve? That's the first question. The second question is, does it do it efficiently? Not sure about either of those answers, but my guess is that people are "disinterested" because BTC hasn't demonstrably answered either question.
Bitcoin doesn’t do anything. TCP, UDP, HTTP, SMTP all do something. Bitcoin has no functionality. It was never going to win the race of utility.
Xrp is the winner not btc never btc
Bitcoin has not won any "protocol races".. The fact that BTC has a 2 trillion dollar MC and is totally not used in institutional transactions is indicative of just a large novelty. In comparison to the actual financial system, where trillions of dollars are moved daily, BTC is a tiny little thing that isn't institutionally scaled at all. Furthermore, it is documented by DARPA that both BTC and ETH are manipulated (Upwards in price) by entities that control more than 50% of the hash rate/validators. Ergo, it's price is the result of a few large entities exchanging large sums for zero gain, creating the illusion of deeply liquid markets. But in reality, it's just the interested parties kicking the same BTC's back and forth to manipulate the price upwards, because it's in their interest to do so.
Is that a dude?
Bitcoin isn't going to survive. I think that's clear by now. If you can't see it you're a moron
This little girl doesn’t understand the dynamics of technology and the finance replacement system that’s coming in through XRP settlement features this whole bitcoin maxi thing is really pathetic. It’s only used case is a store of value. You cannot tokenize. You cannot use it for settlement. It is extremely slow and extremely expensive. She’s either being paid to talk negatively about other alt coins or she just doesn’t know and she’s plainly stupid. I work for Wall Street for over 10 years and some of the biggest firms and even then we were testing pilots and platforms through web objects and there were rumors of a Blockchain system that was going to supersede bitcoin XRP is it either get it you don’t get it, but don’t talk like you know when you don’t know you sound really stupid. Sorry to be blunt with the whole narrative of bitcoin being the chosen one is just plain bullshit.
Bitcoin hasn't won. Don't spike the ball before you get in the end zone. kaspa:native
Damn right
Those protocols are still around because they work..they stoll do what they were designed for...bitcoin is an absolute failure of its white paper protocols 🫠🤷♂️....and thus it won't be around for very long.
yeah, but now everyone wants MySpace back.
Higher
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The XRP Army just read “protocols don’t get replaced once they win” as a personal challenge.
done
Strong point but worth pushing back a little. TCP/IP won and stuck, sure, but plenty of protocols got replaced when the switching cost was low enough. The real question is whether Bitcoin's switching cost stays high forever or just for now.
Why would a test project win the race? The only reason why it went up was because of Epsteins push through human trafficking, drugs, illicit activities. Once Clarity act is enacted, btc goes down the shitter.
Protocols don’t get replaced; wrappers do — Liquid just mailed the postcard.
lol
Alden is a fool and deranged in MANY ways
What a stupid comparison. Tokenomics, security, network effect, narrative, decentralisation, story, branding. Nothing to do with http or similar protocol. She is just maxi
Search was a product, not a protocol. Nobody re-gauges the rails once the network is built. That's the part Silicon Valley keeps missing.
With all due respect to Lyn I don't think Silicon Valley is that dumb.
hilarious. bitcoin is quaint.
I don't recall Ask Jeeves and My Space reaching $2 trillion Market Cap!
“Lyn” Alden……….”She”……..right - and you get your financial analysis from “her”
Haaa
Bitcoin has no token standards like Ethereum does. Bitcoin will be replaced in the near future by Ethereum. Dont believe the hype around Bitcoin. Focus on what matters, token standards and stablecoins, asset tokenization (Ondo).
In 2019, our dep. tested various methods for transf. funds between our offices (which are located in 43 countries around the w.). Starting in early 2020, right after the COVID-19 restr. were put in place, we began using XrpL, and we still use it practically every day. Flawless.
She’s right………and she’s wrong. Yes. Bitcoin isn’t a tech. It’s a protocol. But no. It hasn’t won. That’s still being decided. What exactly has Bitcoin “the network” won? 🤔
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