max on Nostr: "The time to ramp up adoption of this new technology was 2013-2016, but that moment ...

"The time to ramp up adoption of this new technology was 2013-2016, but that moment was squeezed in two directions: the deliberate throttling of the ability of the technology to scale and the push of new payment systems to crowd out the use case. As this book demonstrates, by late 2013, Bitcoin had already been targeted for capture. By the time Bitcoin Cash came to the rescue, the network had changed its entire focus from use to holding what we have and building second-layer technologies to deal with the scaling issues. Here we are in 2024 with an industry struggling to find its way within a niche while the dreams of a “to-the-moon” price are fading into memory."

Nice opinion paper but it lacks the obvious facts and understanding of the design and vision of Bitcoin. There is choice and competition. Bitcoin Cash is so far not performing well and Bitcoin is solving it´s scaling issues with better second layer technology without sacrifice on security and decentralisation.