Telephone communications could not be built upon, unlike the internet, and bitcoin. Bitcoin performs the base layer function of storing and transferring value in a decentralised and secure manner perfectly, and that’s all it needs to do. Privacy tech or faster transactions are already built on layer 2. If theres any more technological innovations on money, it will be built upon the bitcoin stack. If the innovation is not about money, it won’t compete with bitcoin. Just like how any communications innovation, like Nostr, is built on top of the internet stack, instead of inventing a whole new protocol that competes with the internet.

Another analogy that tries to lump Bitcoin with technologies instead of a protocol. Base 10 math is a protocol, all the theorems and formulas emerge from that. Base 10 math does not get replaced. The internet is a protocol. Websites and apps emerge from that. The internet does not get replaced It is easy to confuse bitcoin as a technology to be replaced rather than a protocol to have other things built upon.

Ok so now your point is? Look man I don’t have time to explain to you if you couldn’t get it. Protocols and technologies are fundamentally different. One’s winner take most, other is winner takes all. You either learn about it or don’t. Cheers and have a great week ahead.

*Gestures broadly at all the shitcoins bleeding against bitcoin* Idk bro you tell me

Upgraded and built upon, exactly as what’s happening now

Wrong. The internet is not crypto. the internet is Bitcoin. Cryptos are the various private and proprietary networks that tried to compete with the internet, but we don’t even remember a single one of them now do we? The same fate befalls on the shitcoins.

has anyone invented a new internet yet? no? okay

If our ego wasn’t at stake, bitcoin would have already been adopted globally by now.

um, so what’s the quote?

Not sure about Singapore, they have digital ID and currently building CBDCs. 0 cap tax has been the norm for tradfi for years, not just for Bitcoin.

Then you haven’t really understood proof of work and why it is the real innovation.

As I said, when the internet first came about, there were many other companies trying to create intranets and market them as a service. The open decentralised one won. When bitcoin first came about, there were many other companies trying to create their own protocols and market them as having a unique use case. Will the open decentralised secure protocol bounded by energy win? Or is this time different?