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Why The Biggest Opportunity In The Next Decade Isn't DeFiwww.zerohedge.com/crypto/bitcoin-benchmark-why-biggest-opportunity-next-decade-isnt-defi
399 sats \ 11 comments \ @siggy47 6 Jul bitcoin
Don't shoot the messenger, and don't assume I either agree with or cheerlead what's said here. I am seeing more and more of this type analysis everywhere. The bitcoin -microsoft comparisons are disturbing. It's tough to argue with the facts laid out.
Bitcoin settling in as the base layer for the next generation of financial instruments, with stablecoins acting as the rails between the legacy dollar system and new fintech-enabled one.
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36 sats \ 0 replies \ @BlokchainB 6 Jul
Bit Digital (BTBT) – also eschewing my advice – will be exiting Bitcoin mining entirely to “become an Ethereum pure-play”: they will sell off their Bitcoin (which according to their March investor deck was 742 BTC) in order to acquire ETH – and sell off or wind down their entire Bitcoin mining operation. We’ve never owned BTBT, good luck.
RIP to BTBT
All the stablecoin volume are on crap chains. Plus banks and brokerages (Robinhood) are making their Own chains. I think the stablecoin rollout will be clunky at best until a bitcoin based one comes along that can be accepted across many sectors in the financial landscape
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36 sats \ 0 replies \ @standardcrypto 6 Jul
I agree with this thesis.
Stablecoins and Bitcoin Treasury companies should be the big winners, for this run, if you want to beat Bitcoin -- always hard to do. (risk adjusted)
Sure some defi shitcoins will outperform, but risk and cognitive load adjusted, better to treat as scams and wall with fire.
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36 sats \ 0 replies \ @grayruby 6 Jul
I agree. I think the author makes some good points.
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36 sats \ 0 replies \ @Undisciplined 6 Jul
Doorknobs.com was a great opportunity too
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36 sats \ 3 replies \ @optimism 6 Jul
The bitcoin -microsoft comparisons are disturbing. It's tough to argue with the facts laid out.
The reason why you cannot ascribe microsoftness to Bitcoin is because the latter isn't a corporation. What's funny is that the example:
When Lotus 1-2-3 took off, Microsoft created Excel and brought it into the OS. WordPerfect succeeded, so Microsoft built Word. Then Microsoft bought PowerPoint early. All of these applications became standard with Microsoft, while the early startups were marginalized.
is the complete opposite of what Bitcoin did. Because Bitcoin did nothing.
For example in spirit of the MS example: Bitcoin did not change the protocol to emulate Ethereum; it's the other way around: Ethereum was built because Bitcoin didn't work well for colored coins. It also aimed for and after many years implemented proof-of-stake because "mining is dirty", but Bitcoin did not change proof-of-work, despite pressure from activists and their aligned government agencies.
So what we're seeing is that despite the most unmicrosoftness of Bitcoin, it's still "winning", compared to competing shitcoins. Just like you don't compare WTI to Microsoft, you don't compare Bitcoin to Microsoft.
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185 sats \ 2 replies \ @siggy47 OP 6 Jul
I see this off hand, ignorant assumption that bitcoin is sort of a "company" more and more.
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36 sats \ 1 reply \ @optimism 6 Jul
Me too, ever since the neobanks and trading apps made their first IOU schemes, i think this started around 2018/2019.
But should we really care if we're just stacking the real thing?
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0 sats \ 0 replies \ @siggy47 OP 6 Jul
No, I guess not.
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5 sats \ 0 replies \ @bitcoingecko 6 Jul
Bitcoin is an open protocol to be used as money. Perhaps Microstrategy will use this open protocol and make itself as the new "Microsoft". Lets see what happens.
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0 sats \ 0 replies \ @kurszusz 6 Jul
What they write is not unfounded, but the way they approach things is quite superficial, they don't discuss the details (and we know that the ESSENCE always lies in the details). I don't argue with him, but I don't completely agree with him either!
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0 sats \ 0 replies \ @d680ecaa8e 6 Jul
It could be something challenging but also not everything promised by messenger means it is something that would happen it could be to falsify their competitors informations.
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