Replying to Avatar Sovereign Matt

I agree it won’t happen overnight. Monero has strong network effects in certain places online.

But I think on time bitcoins network effects will far exceed.

It’s similar to languages work. Why does everyone in the west speak English? Well if you want to do commerce you need the dollar so you need some English to make the trade.

I think if everyone has bitcoin, eventually everyone will expect you to have bitcoin for commerce if hyperbitcoinizationnever plays out.
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Saberhagen The Nameless 2y ago

I would consider Drivechains different to Bitcoin in a certain sense so doesn't carry L1 network effects imo.

For example: lightning and on chain bitcoin. People say they are the same. But just because you accept bitcoin doesnt mean you accept lightning. In fact, far more users/businesses/markets accept on chain Bitcoin. It's doesn't inherit on chain network effects if that makes sense. Same thing with Liquid, Ecash, etc.

I think any new thing like drivechains has to start from scratch.

Monero has the "privacy coin" market cornered. Bitcoin can't fullfill that niche currently and any new layer would have to gather it's own network effect. It would be exceedingly difficult.

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