I'm reading a bit of this Tim Swanson report Strider linked to and his analytical skills leaves a bit to be desired. I am not in any way suggesting that Brian Armstrongs assertion is unassailable, but Mr. Swansons attack on it is not worth much.
"Two months ago Brian Armstrong, the CEO of Coinbase, said:
Ripple, Stellar, and Altcoins are all a distraction. Bitcoin is way too far ahead. We should be focused on bitcoin and sidechains.
This is empirically untrue. If Bitcoin was “too far ahead,” then axiomatically no one would be working on all these other projects as they would clearly see this trend and focus on one platform. "
"Two months ago Brian Armstrong, the CEO of Coinbase, said:
Ripple, Stellar, and Altcoins are all a distraction. Bitcoin is way too far ahead. We should be focused on bitcoin and sidechains.
This is empirically untrue. If Bitcoin was “too far ahead,” then axiomatically no one would be working on all these other projects as they would clearly see this trend and focus on one platform. "
That one is cringe worthy.