I don't own any Cardano but when Singularity.net moved to Cardano i did pay attention to it. I think Singularity.net has a really important use case of decentralized Ai and trying to slow the event of super ai's being controlled by one group or entity.
There is a prediction by 2025 China will lead in the data necessary to have a jump on such systems which can imbalance the scales. Well i'd like to believe i have a handle on tech. I won't say i'm an expert but i think i understand it enough to see what's going on.
No i'm not banking on Charles but it won't surprise me that a future model can easily come about and challenge and replace bitcoin. I haven't recently studied the bitcoin lightning network but i do hear very little about it. Do you have any data on how many people actually use the lightning network?
I also understand that in lightning there are issues with the payment channels. That the hubs are not only centralized but could be targeted by regulatory bodies.
Bitcoin maximalist believe there is no reason bitcoin needs to evolve. I think for many that will always be a hard pill to swallow. So much happens in the future. I think it's rooted in much of humanities thinking. Even the country i live in America. We're under the Constitution and the founding fathers the first thing they thought was when they wrote the constitution as they knew times would change. The constitution had to be amendable to deal with future unforeseen occurences.
So can bitcoin stand the test of time? Maybe...Would i bank on it though? probably not.. can ethereum flip bitcoin? Maybe not ethereum but maybe one of its competitors or future competitors. At this point i honestly feel like bitcoin is moving more on brand effect than actual utility. To me it does feel ill equipped to deal with a highly advanced changing technical world. It's still up for debate if the world even wants to use a system like bitcoin and its energy expenditure.. and i know some raise the argument bitcoin doesn't use the energy we think or its comparable to x.. we have to understand though energy and our future is going to be a big deal politically and narrative wise.. When certain narratives are set it really doesn't matter if they are always true or not but what people believe. Thats how people operate.
So yes everyone is coming with their competitive ideas but here's why i like it. That's a good sign you'll always get the best system. If everyone were to do like the bitcoin maximalist we'd never have reason to improve these systems. So i think the bitcoin forks were great ideas they always remind us that hey if these systems are not efficient or the best most optimal systems we can replace them. So i appreciate that.
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