Maciek on Nostr: Are we there yet? I don't think so. But I understand that some may do. GM. “What ...
Are we there yet? I don't think so. But I understand that some may do. GM.
“What does it take for something to replace bitcoin (…)? It doesn't happen because someone invented a slightly better solution. Or even a much better solution. That won't work. Instead it can only happen if the system that already occupies this space fully, fails on its own. So in order for something to be the next bitcoin, first bitcoin has to fail. Like really, spectacularly fail.
(…)
The only way bitcoin fails is from the inside. It has to fail because of a critical vulnerability that cannot be fixed or the people don't want to fix. It has to fail because of a failure of community. It has to fail because of failure of trust or culture.
(…)
The moment it fails, every single competitor that has a slightly better solution, and specifically the ones that fix the thing that caused it to fail in the first place, will flood that environment and bootstrap something new. And if they're really smart, if they're really smart, they're going to call it bitcoin. Because that's the best branding you can do. And so it never dies (…).”
Andreas Antonopoulos, 2019
https://www.youtube.com/watch?v=p0ftZgCEZosPublished at
2026-08-10 10:09:28 CESTEvent JSON
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"content": "Are we there yet? I don't think so. But I understand that some may do. GM.\n\n“What does it take for something to replace bitcoin (…)? It doesn't happen because someone invented a slightly better solution. Or even a much better solution. That won't work. Instead it can only happen if the system that already occupies this space fully, fails on its own. So in order for something to be the next bitcoin, first bitcoin has to fail. Like really, spectacularly fail.\n(…)\nThe only way bitcoin fails is from the inside. It has to fail because of a critical vulnerability that cannot be fixed or the people don't want to fix. It has to fail because of a failure of community. It has to fail because of failure of trust or culture.\n(…)\nThe moment it fails, every single competitor that has a slightly better solution, and specifically the ones that fix the thing that caused it to fail in the first place, will flood that environment and bootstrap something new. And if they're really smart, if they're really smart, they're going to call it bitcoin. Because that's the best branding you can do. And so it never dies (…).”\n\nAndreas Antonopoulos, 2019\n\nhttps://www.youtube.com/watch?v=p0ftZgCEZos",
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