1/ Yesterday: My L1 chain has better, faster tech than #Bitcoin or #Ethereum. It is not compatible with existing software or tooling, but will nevertheless overcome network effect and momentum to become the next Ethereum. Invest in my Ethereum killer.
2/ Today: My L2 rollup chain has better, faster tech than #Bitcoin or #Ethereum. It is not compatible with existing software or tooling, but will nevertheless overcome network effect and momentum to become... Invest in my...
3/ Investors routinely underestimate the value of iterative evolution - trial-and-error over time - sunk into software, tooling, auditing software libraries & the 1,000 other elements of a software ecosystem.
Smart competitors build on top of that, rather than starting from zero
Smart competitors build on top of that, rather than starting from zero
4/ The EVM is far from perfect. Holistically, however, it is far safer, and far less engineering effort (and expense) to build on top of battle tested, real-money-tested, audited #DeFi components, vs starting anew with a new smart contract language on a new chain with new quirks
5/ To clarify, this applies to the #Ethereum chain, but also other EVM compatible chains (Avalanche, Qtum, RSK, xDAI, ...)
The EVM has become a CPU instruction set, where the underlying CPU is optimized (chain node) while the Instruction Set Architecture evolves on its own.
The EVM has become a CPU instruction set, where the underlying CPU is optimized (chain node) while the Instruction Set Architecture evolves on its own.
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