15 years in and Bitcoin is still leading the market in prices. Can no one else innovate anything significant in the block chain space?
I'm bored. What's the plot? And have we lost it?
Discussion
Sometimes the scale of time needed to measure the adoption of a new technology, or mindset, is a lifetime or more. 15 years is nothing. It's a millisecond or less when you zoom out.
Bitcoin and web 3.0 pose a question. "What can we do with the decentralized, value-enabled web?"
The Urbit network was launched in 2013. The first user version (called OS1) was launched in April 2020. I believe the surges of recent interest in Bitcoin and Nostr will lead people to uncover existing technologies that could potentially aid in the development of Nostr or Nostr-related applications.
Personally I think BankX (XSD) is a noteworthy launch on Ethereum this year, allowing individuals to bear interest by minting their own crypto-backed stablecoins.
The emotional relationship between people and money is volatile. Until people focus on foundational changes in finance and governance, Bitcoin will remain a highly volatile asset. As long as it remains a volatile asset, there will constantly be attempts to distract and deter for the sake of profits.
The plot is whatever developers are doing right now. 😄
Several projects point to Web of Trust being a necessary development on Nostr. You can find out more at:
and
PGF.tech is a nice website. Thankx
I am asking the same question as well. "What are Bitcoin and Web3 for? "
Sometimes I think the most valuable utility of Bitcoin is confronting traditional fiat systems. It was always a social experiment at best. In that regard, Bitcoin and fiat are the same. I think the pressing question is- how long will society rely on money? When will money only serve us in terms of recreation? That's when cryptocurrency will become fun again, imo.
Bitcoin is not a mere social experiment. Satoshi knew what he was doing when he created the Bitcoin protocol. A source of truth backed by energy. It is the great aligner.
And there will always be a need for money.