RE: BTC Death Spiral - Update

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BTC Death Spiral - Update

in bitcoin •  7 years ago  (edited)

"The money follows the better project eventually." Not always. Remember Beta vs VHS? Sometimes first to market or other situations dictate the winner. It's like efficient market hypothesis. It's entirely based on the assumption that people trade rationally and make every decision rationally. We know they don't. If they did, Bitcoin Cash would be the new bitcoin.

Bitcoin Cash is the better project and the coin that is the most true form of bitcoin but the network effect will probably keep Bitcoin Core as "Bitcoin".

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VHS won because of PORN!!! just like the HD-dvd and Blue-ray ... PORN, not better anything...