I agree, in that a very small improvement on a cryptocurrency shouldn’t actually result in it becoming
I disagree that only very small improvements will have a tough time against incumbents. On the other hand, I do agree that Ethereum and stablecoins offer pretty significant improvements.
it seems clear to me that Bitcoin mostly exists and will continue to exist only for speculative purposes
This is perhaps fair. But another way of saying it might be that Bitcoin has captured the digital gold niche. And other coins will capture other cryptocurrency use cases. Notably, ETH and stablecoins aren’t really better than BTC as digital gold (a fungible digital asset of fixed supply).
I disagree that only very small improvements will have a tough time against incumbents. On the other hand, I do agree that Ethereum and stablecoins offer pretty significant improvements.
This is perhaps fair. But another way of saying it might be that Bitcoin has captured the digital gold niche. And other coins will capture other cryptocurrency use cases. Notably, ETH and stablecoins aren’t really better than BTC as digital gold (a fungible digital asset of fixed supply).