…the difference between the big crunch of 2021 and past supply disruptions is the sheer magnitude of it, and the fact that there is as far as anyone can tell no clear end in sight. Big or small, few businesses are spared. Europe’s largest fleet of trucks, Girteka Logistics, says there’s been a struggle to find enough capacity. Monster Beverage Corp. of Corona, California, is dealing with an aluminum can scarcity. Hong Kong’s MOMAX Technology Ltd. is delaying production of a new product because of a dearth of semiconductors.
Further exacerbating the situation is an unusually long and growing list of calamities that have rocked commodities in recent months. A freak accident in the Suez Canal backed up global shipping in March. Drought has wreaked havoc upon agricultural crops. A deep freeze and mass blackout wiped out energy and petrochemicals operations across the central U.S. in February. Less than two weeks ago, hackers brought down the largest fuel pipeline in the U.S.
Trump Organization probe, Bitcoin is over Musk, and inflation concerns mount.Not civil New York Attorney General Letitia James said her investigation of th
First-mover advantage is great, but could Bitcoin end up the MySpace way?
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Last Updated: May 17, 2021, 08:57 PM IST
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Synopsis
The basic gist is that while being the first mover is great, history shows that if something comes along that’s better, then that first-mover advantage can only get you so far.
Reuters
Maybe a better Bitcoin could do more stuff, like make it easier to write smart contracts or launch side tokens that ride upon the core blockchain’s security.
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By Joe Weisenthal
Bitcoin is definitely on the ropes these days. The price is well off its highs. Elon Musk has been trashing it. A lot of people are getting ETH-Pilled (we have an episode of “Odd Lots” later this week about the enthusiasm for decentralized finance on the Ethereum blockchain). And now my co-host Tracy Alloway has written about how Bitcoin could be the next AOL or MySpace. The basic gist is that while being the first mover is great, history shows that if something come