Crypto's days of outdated tech are almost over! 🛩️
We're finally getting to the point where crypto with inferior tech is starting to get left behind.
Yes, we're finally going to see the projects with the best actual product and fundamentals pull ahead, and the dinosaur coins will be left behind.
Over the next few years, everyone will need to significantly overhaul their tech. Vibes aren't enough anymore!
The "vibes era": 2009-2025
From the beginning of cryptocurrency up until now, crypto competed purely on "vibes." Whichever one sold a basic, compelling idea the best quite simply won.
Bitcoin's entire post-2017 run was all on vibes. Despite poorly-performant tech, it became the symbol of the entire decentralized crypto space, and acquired massive capitalization as a result.
Monero won the vibes war on the privacy front overwhelmingly, leaning into cypherpunk attitudes and iconography to beat out projects with more refined tech. Some technical decisions, I'd argue, were even made on vibes grounds, such as the move to ASIC-resistant mining.
Bad tech is getting exploited
Increasingly, bad or outdated tech is being exploited, and is actually causing users and the market to wake up.
The most recent example of this is of course the Qubic attack on Monero, where the ability to mine the chain on consumer-grade general-purpose hardware has shown how trivial it can be to disrupt.
Remember, customers of a modern payment system would never tolerate having to wait minutes, if not hours, for a payment to confirm because the network was poorly-secured and under active attack.
But if users are primarily interested in memes, slogans, and occasionally dealing with a bad UX in order to make an occasional vanity payment, such major issues don't matter.
That won't be the case moving forward.
Build great tech, get users, survive
Two things, and two things only, matter moving forward: building great tech and getting users.
Historically, these haven't mattered, so one other factor was necessary in the past: survive bankruptcy until the vibes era is over.
New projects will do fine. Old projects with great tech which managed to avoid collapse will also do fine. But old projects that couldn't last until now, or which can't upgrade their tech, won't.
As I've said countless times by now: adapt or die. 🧬
Posted Using INLEO