That wont be good for the companies either, but they may not see that
until they've killed it, many companies operate on a1 or 2 year
time-horizon. They may say screw layer2, I have a runway and I need
micropayments to the wazoo and I dont have the dev resources for that.
Exactly, Adam.
Except, I think the genie is out of the bottle - these ideas are too powerful for them to be killed forever. They will probably survive even if this scenario comes to pass…but in a different network under a different name…and Bitcoin will be relegated to the history books and walls of museums.
Most of the potential brainpower available on this Earth to make serious, profound contributions to this movement haven’t even begun to touch it. Just because you happen to run a Bitcoin startup right now…even if you’ve received millions of dollars in funding…don’t think that the whole world has low standards and is lazy! Someone WILL eventually build something better than we can presently imagine.
First mover advantage and the network effect are vastly overrated. At the risk of stating cliches, the Mac came before the Windows PC…Yahoo! came before Google…MySpace came before Facebook…Bitcoin came before <we don’t know yet>.
- Eric Lombrozo