advantage ≠ success but still helpful that said, first mover advantage is diluted in crypto as the UI layer has been unbundled from the asset layer, giving rise to a new era of interface meritocracy (e.g. no lock-in, low switching costs) in the end: continuous execution >
Haseeb ＞|＜
@hosseeb
a day ago
I've increasingly come to believe crypto doesn't really have a first mover advantage.
To wit:
Uniswap was not the first AMM (Bancor)
Coinbase/Binance were not the first exchanges (Mt. Gox, Bitstamp)
Tether was not the first stablecoin (bitUSD)
Solana was not the first high
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