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RE: What's The Winklevoss Bitcoin ETF?

in #bitcoin9 years ago (edited)

I'm just going to go ahead and say it... The sooner Bitcoin implodes under its own weight, the sooner viable, scalable crypto projects will receive the energy they need to evolve and succeed.

All due respect to Bitcoin and it's pioneers, but no one ever believed that the Model-T, as great of an achievement as it was at the time, was the final word in transportation.

You can only strap booster rockets on a model T-Ford for so long and call it an airplane while third generation crypto such as Steem (Graphene) and other innovators in the crypto-sphere such as Ethereum, are building legit space ships.

It's an absurdity, and a quasi-religious ego-tripping blindness that keeps the crypto space from evolving faster than it has.

In a few years from now, no one will doubt that Bitcoin belongs in a digital Smithsonian. But for now... We remain hobbled by those who cling to their front-runner Model-T with such a fervor it makes the pious blush.

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I'm thinking of something different.....here's my take on it:
Bitcoin goes mainstream when the scaling issue gets resolved (I'm optimistic about this). While everyone gets used to using Bitcoin, they learn about Ether, Steem, Monero, Dash, etc. Explosive growth takes place in the next 10 years with crypto projects that add real value to people....the ones that don't add value will just die off.
If Steem doesn't get its act together in diminishing the absurd distance between whales and newbies, this platform will be Myspaced by a different one that gets the mass distribution (in terms of clear communication and also massive reach.....possibly even combining mining with crowdsale of new coin right on the launch.