Row 30740

Row ID: 30740 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 30740 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

You are also missing a critical distinction. Comparing Bitcoin to traditional market assets misses the point. Bitcoin isn’t just another asset; it’s a revolution in how we think about money and trust. The longer it’s around, the more people trust it—thanks to the Lindy effect. It’s not just utility; it’s the network effect and the massive trust it has built. If BTC fails, good luck getting people to trust another ‘better’ coin with a history of failed predecessor. Its value is in the trust and stability it has built over years, which isn’t easily replicated by any new contender.

The idea that BTC is at risk due to governance issues ignores reality. Hard forks and debates aren’t signs of instability; they show a community that’s willing to adapt and improve. Bitcoin's been through countless challenges and has come out stronger every time.

Quantum computing as a threat? Sure, but it’s not happening tomorrow. And it's not like the community is not aware of this and will just leave BTC as is.

And let’s talk adoption. Bitcoin’s got a head start that no other crypto can match. It’s the original, and its network effect is unmatched. Dismissing that is ignoring reality.

Any newcomer would face an uphill battle trying to match that legacy. Any coin can beat BTC at some aspects but no coin will beat BTC when it comes to trust. When it comes to money I think trust is the most important.

FieldValue
text You are also missing a critical distinction. Comparing Bitcoin to traditional market assets misses the point. Bitcoin isn’t just another asset; it’s a revolution in how we think about money and trust. The longer it’s around, the more people trust it—thanks to the Lindy effect. It’s not just utility; it’s the network effect and the massive trust it has built. If BTC fails, good luck getting people to trust another ‘better’ coin with a history of failed predecessor. Its value is in the trust and …
label r/bitcoin
dataType comment
communityName r/Bitcoin
datetime 2024-05-21
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Raw Record

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  "text": "You are also missing a critical distinction. Comparing Bitcoin to traditional market assets misses the point. Bitcoin isn’t just another asset; it’s a revolution in how we think about money and trust. The longer it’s around, the more people trust it—thanks to the Lindy effect. It’s not just utility; it’s the network effect and the massive trust it has built. If BTC fails, good luck getting people to trust another ‘better’ coin with a history of failed predecessor.  Its value is in the trust and stability it has built over years, which isn’t easily replicated by any new contender.\n\nThe idea that BTC is at risk due to governance issues ignores reality. Hard forks and debates aren’t signs of instability; they show a community that’s willing to adapt and improve. Bitcoin's been through countless challenges and has come out stronger every time.\n\nQuantum computing as a threat? Sure, but it’s not happening tomorrow. And it's not like the community is not aware of this and will just leave BTC as is.\n\nAnd let’s talk adoption. Bitcoin’s got a head start that no other crypto can match. It’s the original, and its network effect is unmatched. Dismissing that is ignoring reality.\n\nAny newcomer would face an uphill battle trying to match that legacy. Any coin can beat BTC at some aspects but no coin will beat BTC when it comes to trust. When it comes to money I think trust is the most important.",
  "label": "r/bitcoin",
  "dataType": "comment",
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  "datetime": "2024-05-21",
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Entry Information