Platform Benefits - $ - ego - as big as you can build Protocol Benefits - access - $ for real value - use cases you could’ve never imagined - that you benefit from - less all or nothing and picking from two bad options. More options, more benefit for more customers
How does a protocol play differ from a platform play? Platform Play - we own the ecosystem - you connect through our own APIs - you play in our sandbox - we decide who gets to play (fragile) - if we go down, you go down Protocol Play - we play a part in a larger ecosystem - you use open source code for your use case - you can use our services, or anyone else’s (but ours are the best) - we decide who uses our services (no one decides who uses the protocol) - the ecosystem’s growth is not limited by us Protocol plays are the future, they’re not controlled or limited by any one entity, they are bigger than the sum of their parts Platforms are monopolies, will likely be treated as such in the future. Platforms don’t have the growth / access potential that protocols do. Since platforms are monopolies, they become captured and corrupted over time
Protocols, not platforms
Apple trees you order now are holes you have to dig come April
This is good image
The Case for Bits One thing that can make us certain Satoshi was an American was his based disregard for the conventions of the SI unit system. Unit bias is a powerful thing, so what if on the eve of 100 million Satoshis becoming worth $100k USD dollars we chose a different path? What if we changed to something that could fit within the worldview of the European Union? Bits the Standard Ever since the inception of the itsy bitsy spider we’ve known bits has had legs. Nothing conveys the seriousness and depth of Bitcoin more than telling someone they can own “a bit of Bitcoin.” So what is a bit? 1 bit = 100 satoshis = 0.000001 BTC 10^-6 BTC. Simple, powerful, microbitcoins. Shouldn’t Bitcoin be as relatable as the Planck constant? Consider this: - In a 100k world, 1 bit would be 10 cents. Bit 10 cent parity is here now - if we switch to bits, we could rename bitcoins to Megabits - in lightning, we can replace msats with mbits Bits the Movement The conversation for bits has been going on for a long time now. While some would say satoshis won, we’re still early, and support for bits is growing. Here’s some good ways to advance the bits cause - follow @grubles - introduce yourself as “a bits guy” (or girl!) at your next bitcoin meetup - ask your favorite wallet devs when they will support bits - remind people of the importance of SI units - recalculate any sat numbers with bits and explain the benefits With your help we can make our bitsy dreams a reality. Let’s make bits happen!
Selling - crypto coded - *hours looking at chart just to sell at worst time possible* - “I’ll buy lower” *buys back higher* Spending - get something your family needs - p2p - value > price
Push kid around house in box Pros - shrieks of laughter - physical input —> child like wonder - baby is only 20lbs once Cons - g force tolerance increases over time - expectation that box roller coaster is constant awake state
Financialization is cool and all but what if a company actually used bitcoin?
Hundreds of European Starlings 🔊