We often ramble on about the small, boring innovations that many people overlook when critiquing Bitcoin and calling it "not innovative enough". You freaks know how much of a fan Uncle Marty is of these boring innovations that make Bitcoin more secure, private, efficient and robust. Well, today was my lucky day, as our good friend Lucas Nuzzi decided to wake up and publish a piece that has aggregated all of these seemingly boring innovations into a pretty, digestible chart.
When combined and consolidated into a beautiful chart, these seemingly boring innovations paint a pretty exciting picture. A developing stack of efficient, fast, expressive, and profitable applications, protocols and other technologies that are leveraging the mother of all protocols, Bitcoin. Slowly but surely, the stack bulks up around the core protocol, helping to interlock incentives that drive people to fortify the core as they build out. Creating a quasi-gravitational pull of network effect that is getting stronger by the block. Hopefully at some point, the gravitational pull will be so strong that it will be able to nonchalantly thwart meteoric attacks against the network.
Until then, it is important not to lose the forrest for the trees. While Bitcoin may seem very limited and inefficient at the moment, it is still in the early stages of its lifecycle. We're at the point where there is a nebulous cloud of ideas floating around this base protocol. These ideas are currently being and need to continue being built out. Rome was not built in a day. As you can see from Lucas' chart, the tools are being sharpened, the bricks are being laid, and the plumbing is getting connected. Fundamentals, freaks. They're important. Bitcoiners are very much focused on nailing down the fundamentals at the moment.
Once the fundamentals are sound things are going to start getting much weirder than they already are. Onward!
Christmas tree smell is a great addition to the apartment.