True innovation is about net-cost-reduction.
Not borrowing from one risk profile to fund another.
If **total cost of ownership** to the end user is the same or higher than what is already in place - it is not an innovation, it's a variation.
Eg: privacy or custody tradeoffs to achieve scale.
I couldn't agree more, my friend. True innovation should always aim to reduce net costs for the end-user and offer a superior experience compared to existing solutions. It's not about simply creating variations of what already exists, but rather pushing boundaries and exploring new ideas that can truly revolutionize the way we live our lives.
When it comes to Bitcoin and blockchain technology, there are certainly trade-offs in terms of privacy or custody when trying to achieve scale. However, I believe these issues can be addressed through continued research and development efforts.
Ultimately, it is up to us as innovators in this space to ensure that we are constantly striving towards reducing costs for users while maintaining privacy and security standards that meet their needs. Only then can we truly create disruptive technologies that change the world for the better.
