A tech investor who invested in the early stages of Uber has recently sparked a strong reaction from the Bitcoin community by claiming that "Bitcoin will inevitably be replaced by superior alternatives."
"Bitcoin is a great game, but the market is now dominated by a few giants. It's time to 'build a better Bitcoin' and restart the game," said renowned angel investor and internet entrepreneur Jason Calacanis to his 981,600 followers on the X platform on March 14.
Calacanis has invested in Bitcoin-related companies, such as the online trading platform Robinhood and the Bitcoin startup Keza. He stated, "All technologies will be phased out over time… Bitcoin is no exception."
Opportunities for Bitcoin Layer-2 Projects
The founder of Bitcoin and related executives quickly refuted Calacanis's views, emphasizing that Bitcoin will not be replaced, but there is still room for a dominant Bitcoin Layer-2 protocol to emerge.
Brady Swenson, co-founder of Swan Bitcoin, stated, "Successful protocols will not be replaced; they will evolve on their existing foundations."
"Bitcoin as a value transfer protocol will never be replaced. The current competition is about which Layer-2 protocol can ultimately prevail," Swenson said.
Cory Klippsten, another co-founder of Swan, added, "Bitcoin is a technological revolution that is changing various industries, rather than following a single technology adoption curve like the iPad."
David Markus, CEO of Lightspark, also expressed a similar view: "The functionalities that Bitcoin lacks can be achieved on Layer-2."
"Trying to create a better Bitcoin is a foolish endeavor," Markus said.
Meanwhile, Eric Voorhees, CEO of ShapeShift, stated that Bitcoin's limitations can be addressed on other chains.
The Larger Bitcoin Grows, the Less Likely It Is to Be Replaced
Many in the industry have emphasized the importance of Bitcoin Layer-2, as they can support functionalities that the Bitcoin network cannot directly achieve, such as deploying smart contracts.
However, Muneeb Ali, co-founder of Stacks, recently stated in an interview with Cointelegraph that more than two-thirds of existing Bitcoin Layer-2 projects will disappear within three years, as their initial hype will gradually fade.
Bitcoin advocate Wayne Vaughan stated that people mistakenly believe Bitcoin is easily replaceable because they only view it as an asset, application, or platform.
"I see Bitcoin as a network. The larger the network, the less likely it is to be replaced," Vaughan wrote on the X platform on March 15.
"A Better Bitcoin" Cannot Exist
Matt Cole, CEO of Strive Funds, stated, "There will be no 'better Bitcoin.' I do believe we will experience waves of gradually diminishing altcoin bull markets that will make insiders money. But ultimately, most people will end up holding less Bitcoin through these speculative activities."
Calacanis's Controversial Remarks Are Not New
This is not the first time Calacanis has stirred controversy in the crypto industry.
As early as June 2020, Calacanis stated that almost all crypto projects globally are in the hands of "unqualified fools" or "speculators," whose abilities are below average.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
