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I just saw an interesting perspective from Charles Hoskinson regarding the current state of Bitcoin in the crypto ecosystem.
What he pointed out is that Bitcoin still uses technology from 2009, which means there have been very few updates and improvements, while other blockchain technologies have advanced significantly.
Cardano's founder argues that Bitcoin should have been upgraded long ago, rather than just remaining in its original state. Hoskinson sees that Bitcoin's competitors currently have a clear advantage due to ongoing development.
It's a thought-provoking observation: if Bitcoin doesn't update its technology, it may gradually fall behind as other blockchains progress. Charles Hoskinson is suggesting that staying static is not a good long-term strategy for Bitcoin.
Whether you agree or not, it highlights increasing competition in the crypto market.