, 9 tweets, 5 min read Read on Twitter
#bitcoin could ossify today & still win the SoV use case based on its existing characteristics (scarcity, censorship resistance) & network effect / ubiquity.

Many “dev-centric” minds miss this b/c they only view #blockchain from a developer mindset & not a financial/social one.
“Do not try and do everything. Do one thing and do it well.” - Steve Jobs

#bitcoin is the 1st uninflatable, uncensorable, unconfiscatable asset the worlds ever known. It’s also the best tool to ever exist for each of those characteristics. It’s VERY GOOD as digital gold.
Hash rate at an ATH. Price is returning to ATH w/ a market capitalization of >$200B (6x+ its closest competitor ETH $31B).
Network effect of the word “#bitcoin” eclipses that of #blockchain, #crypto, #cryptocurrency & #ethereum by an order of magnitude as it becomes ubiquitous for the entire space & movement.
When people discuss first mover advantage THIS is what they’re talking about.

10 years into existence #bitcoin is synonymous w/ the entire crypto industry & eclipses every other project by an order of magnitude (at least) for nearly every meaningful metric.
Furthermore I hear the “we’ve got more devs” metric thrown around by competitors often. (which IMO is a bunk metric in the first place).

However are you winning the mindshare of the everyday Joe? Financial advisors? Pension fund managers? World leaders?
I think it is easy to get distracted by the bells & whistles of developer tools, hackathons, “dapps”, conferences, podcasts, dev calls, telegram chats, etc. & miss the forest from the trees.

There’s a lot of cool experiments going on sure... but meanwhile #bitcoin is happening.
I’m excited about everything going on in the greater “crypto” space (particularly excited about experiments around different proof systems & infrastructure) but however interesting I remain keenly aware that #bitcoin is winning the land grab in the minds of most people daily.
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