Ok so now your point is?
Look man I don’t have time to explain to you if you couldn’t get it. Protocols and technologies are fundamentally different. One’s winner take most, other is winner takes all. You either learn about it or don’t. Cheers and have a great week ahead.
My point was to address your argument that BTC gets upgraded and built upon. That is not a safeguard against being surpassed by newer technologies. That is the very nature of technological advancement.
It's like saying iPhone is a store of value because it has network effect, and is being upgraded and built upon via the iPhone 17, then the iPhone 18, etc. Both iPhone and Bitcoin could go the way of Nokia dumbphones.
Another analogy that tries to lump Bitcoin with technologies instead of a protocol.
Base 10 math is a protocol, all the theorems and formulas emerge from that. Base 10 math does not get replaced.
The internet is a protocol. Websites and apps emerge from that. The internet does not get replaced
It is easy to confuse bitcoin as a technology to be replaced rather than a protocol to have other things built upon.
It's the same dilemma -- The protocol can be usurped by evolving ideas & technologies, like the "protocol" of telephone communications have been usurped by evolving ideas & technologies.
Telephone communications could not be built upon, unlike the internet, and bitcoin.
Bitcoin performs the base layer function of storing and transferring value in a decentralised and secure manner perfectly, and that’s all it needs to do.
Privacy tech or faster transactions are already built on layer 2.
If theres any more technological innovations on money, it will be built upon the bitcoin stack.
If the innovation is not about money, it won’t compete with bitcoin.
Just like how any communications innovation, like Nostr, is built on top of the internet stack, instead of inventing a whole new protocol that competes with the internet.
But telephone communications has been built upon. First with mobile phones, then text messages, then internet calls on WhatsApp, plus social media, banking apps, Discord chat rooms, etc., have all been built on top of what was just a telephone. Satoshi is like Alexander Graham Bell, except technology is moving much faster today than in Bell's day.
It is very hard to be confident than BTC's vision of money will still apply in the years to come.
To clarify, that leaves Bitcoin as a coin open to being dropped.
And other protocol's could surpass Bitcoin's. Ethereum is a separate protocol, for example. Who knows what will be created in the coming years.
Sorry for the multiple posts. You may just answer my longer post to keep the thread tidy.
As I said, when the internet first came about, there were many other companies trying to create intranets and market them as a service. The open decentralised one won.
When bitcoin first came about, there were many other companies trying to create their own protocols and market them as having a unique use case. Will the open decentralised secure protocol bounded by energy win? Or is this time different?
I don't expect anything to be different, I expect it to be the same old story -- new tech antiquates the old tech.
