Great article, as usual, Jack. What's concerning me at the moment is how much of the user / investor growth on ETH is driven by Ponzi-style speculation ... "Look how much money I'm making!" (Get friends to come in behind you.)
How can BSV drive adoption w/o appealing to the Ponzi-scheme-lover in all of us?
I actually expect the next wave of BSV adoption to be driven through marketing with echoes of the ponzi-schemes of other chains. CryptoFights, Haste Arcade, and Duro Dogs all have elements of play-to-earn, for example. I think the difference will be in how this energy is harnessed. BSV creates very different incentives once users are in the door compared to Ethereum. In Ethereum, the incentive is to get the whales and then you are basically done. Once the whales are speculating, there isn't really anything else to do. In BSV, the incentive is to continue growing by constantly improving and bringing in more and more users. I'm confident that growing users + BSV's tools will lead to amazing apps which don't need any ponzi-style crutches to continue growth.
Great article, as usual, Jack. What's concerning me at the moment is how much of the user / investor growth on ETH is driven by Ponzi-style speculation ... "Look how much money I'm making!" (Get friends to come in behind you.)
How can BSV drive adoption w/o appealing to the Ponzi-scheme-lover in all of us?
Thanks Richard!
I actually expect the next wave of BSV adoption to be driven through marketing with echoes of the ponzi-schemes of other chains. CryptoFights, Haste Arcade, and Duro Dogs all have elements of play-to-earn, for example. I think the difference will be in how this energy is harnessed. BSV creates very different incentives once users are in the door compared to Ethereum. In Ethereum, the incentive is to get the whales and then you are basically done. Once the whales are speculating, there isn't really anything else to do. In BSV, the incentive is to continue growing by constantly improving and bringing in more and more users. I'm confident that growing users + BSV's tools will lead to amazing apps which don't need any ponzi-style crutches to continue growth.