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The Longevity of Protocols and the Core Problems in Bitcoin and Crypto
Bitcoin and block size wars are a result of trying to solve the wrong problem. The real issue is creating a decentralized, secure, and robust foundation for money. While some want to make transactions easier, the focus should be on building a store of value that can be moved globally with minimal interference. The longevity of protocols like Ethernet and TCPIP demonstrate the power of dominant network effects. Making something marginally better is not enough to compete with established technologies. Simplifying the code base is crucial to minimize vulnerabilities and ensure a strong foundation.