Open source has no profit motive because there are no moats and on a money forward basis all open source products are free. There is a paradox among bitcoiners and open source advocates. Most of them want free markets to prevail…which is cool and all, for sure.

However, when you realize that in the digital world where there is essentially NO scarcity (outside of bitcoin, of course) and no geographic advantage like in the physical world then you start to see that there is no profit opportunity for digital applications that can be instantaneously replicated, repackaged, and offered through infinite channels to the same global customer base.

Because of this, bitcoin’s eventual success will be less about digital innovation and a technological renaissance (flying cars and urban utopias) and more about a return to a hyperlocal, physical trade that cannot be censored or co-opted by large third-parties that might currently be able to bully and interfere with P2P transactions.