Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin debate reignites after 'build a better Bitcoin' remark

Bitcoin debate reignites after 'build a better Bitcoin' remark

GrafaGrafa2025/03/17 07:30
By:Mahathir Bayena

Jason Calacanis, a well-known angel investor and early Uber backer, has stirred controversy in the Bitcoin (CRYPTO:BTC) community by suggesting that the cryptocurrency could eventually be replaced by a superior alternative.

On March 14, Calacanis tweeted to nearly one million followers.

Bitcoin has been a wonderful game, but with a couple of giant players cornering the market, the timing is right to ‘build a better Bitcoin.’ All technology gets replaced over time… and Bitcoin will be no different,” he stated.

His statement drew immediate backlash from Bitcoin advocates and industry leaders.

“Winning protocols don’t get replaced; they are built upon. Bitcoin will never be replaced as a protocol for value transfer,” countered Brady Swenson, co-founder of Swan Bitcoin.

“What it lacks in functionality can be built on L2s [layer-2 solutions]. Trying to build a better Bitcoin is a fool’s errand,” stated Lightspark CEO David Markus, dismissing the idea.

The discussion underscored the role of layer-2 technologies in enhancing Bitcoin’s functionality, allowing for smart contracts and faster transactions without altering its core network.

However, Muneeb Ali, co-founder of Stacks (CRYPTO:STK), warned that many layer-2 projects might not survive in the long run due to fading enthusiasm.

Calacanis’ remarks also reignited debates about Bitcoin’s long-term resilience.

Bitcoin advocate Wayne Vaughan emphasised that the cryptocurrency’s growing network size makes it increasingly difficult to replace.

“People wrongly assume Bitcoin is just an asset or platform. It’s a network,” he said.

Despite the criticisms, Calacanis is no stranger to controversial views on cryptocurrencies.

In 2020, he labeled most crypto projects as being led by “unqualified idiots” or “grifters.”

His latest comments have once again highlighted the ongoing divide between Bitcoin skeptics and proponents.

At the time of reporting, the Bitcoin (BTC) price was $83,195.46.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!