Tim Draper|11月 12, 2026 17:00
Microsoft never invented the spreadsheet, the word processor, or the slide deck. It absorbed them.
Lotus 1-2-3 took off, so Microsoft built Excel and pulled it into the operating system. WordPerfect proved people wanted a word processor, so Microsoft built Word. PowerPoint got bought early. Every one of those applications became standard on the platform, while the startups that proved the category were marginalized.
The same thing is happening with Bitcoin.
Altcoins are the Lotus 1-2-3s and WordPerfects of this era. They prove an innovation works, and then that innovation with the strongest gravitational pull gets ported to the Bitcoin platform.
I watched Bitcoin's market share go from 40%, to 50%, to 61%.
Bitcoin is that platform.
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