Where we disagree is the idea that the best technology always wins. Network effects have proven time and again to be more powerful than pure technological superiority. Here are some real world examples: 1. Signal vs. WhatsApp/SMS Signal has superior privacy architecture and cryptography. However, WhatsApp and SMS had the larger user network effect and this proved more powerful than superior technology 2. Processor architecture: x86 Architecture vs RISC RISC was better, but the developer network effect with developers building apps for x86 processors made x86 win There are many more examples (SWIFT in banking, Windows vs Macintosh, et). Network effects win over technology.
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Do you think the development team will ever invest in building awareness and incentives with developers?
In my own opinion as a regular investor. If mass adoption happens that’s a real possibility.
I do not think it is possible for mass adoption to happen without developer adoption
The team has tried their best to raise awareness, but unfortunately, very few people in crypto care about anything other than making money, as opposed to reinventing money. Developers go where the money is, and up until now, that's been VC backed projects that have millions of dollars to attract devs who are just looking for a paycheck. It's been a problem for Bitcoin for years, which is why Bitcoin core developers keep leaving since there is no funding. But I am a believer in the idea that the best technology always wins, and I'm convinced that XEC represents the best technology.
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I should rephrase. I think the best tech that solves a particular problem at a particular time. I agree network effects win, but I believe network effects arise as a result of the best tech. Up until now, the problem most people in crypto are solving for has been how to make numb…
The best audio format is flac, but mp3 despite being inferior in quality is widely used. Something worth pondering.