ewok on Nostr: It’s beginning to look like etherium is here to stay, unless a bitcoin L2 steps up ...
It’s beginning to look like etherium is here to stay, unless a bitcoin L2 steps up dramatically.
When people ask me if they should buy it, I always go back to something I think Lyn Alden said (hope I get this right), bitcoin goes after all monetized assets and money itself, whereas smart contract L1s go after the centralized financial services, the latter is a much, much smaller total market cap potential (and has several significant competitors).
It really feels like bitcoin has won the most important emerging digital asset niche, the rest will fall into place and matters a lot less than people shout about.
When people ask me if they should buy it, I always go back to something I think Lyn Alden said (hope I get this right), bitcoin goes after all monetized assets and money itself, whereas smart contract L1s go after the centralized financial services, the latter is a much, much smaller total market cap potential (and has several significant competitors).
It really feels like bitcoin has won the most important emerging digital asset niche, the rest will fall into place and matters a lot less than people shout about.