[iMuzz]

When drawing an analogy to Friendster and Napster, I think the point linkregister is trying to make is that bitcoin is similar in the sense that it's a "first mover" and not a "last mover".

The underlying _why_ for these "first movers" fail are not related at all since it's a totally different vertical.

[mattrices]

Sure, but first movers have an advantage due to wider name recognition and in this case a large established market cap and mining network. Unless the underlying tech shifts to somthing more stable or more profitable, last movers are at a disadvantage.

The deflation and high transaction fees seem to favor btc bc miners wouldn't shift to somthing less profitable and those using btc as a value store profit from deflation long term.