The great thing about coopetition is that it allows us to leverage free market capitalism to accelerate innovation, while still retaining the strength afforded to us by network effects.

I don’t think such an idea necessarily needs to be baked into the protocol itself as some cryptocurrencies have done. For example, we’re in competition with all high-tech industries over a limited supply of software engineers. When developers, businesses and users switch from coopetition to competition, it makes us all weaker. This message will not be visible when page is activated. We aren’t building a technology that we want to take down a path that causes it to fail or become obsolete in a decade. As a former supporter of Bitcoin XT, I know full well the feeling of seeing months of work and waiting go up in smoke. Personally, I think we’re still in the innovation phase. We should be talking about ideas, not people. As I have extensively argued in my writings, it’s not possible for any of us to fully understand bitcoin, and it may not even be possible for us to steer it onto a course we desire. Cooperation increases value and increased value can foster increased cooperation, creating a virtuous cycle. Potentially everyone in the world who is old enough to use money, The unbanked use bitcoins to store and transact value because there are few other available options, Those seeking shelter from inflation find appeal in bitcoin’s well-defined money supply, Those seeking financial privacy and censorship resistance seek an electronic form of cash, High-risk speculators “HODL” bitcoins, decreasing the supply available on the market, Entrepreneurs seek to build upon bitcoin as a platform. People within the ecosystem broadcast their thoughts across mailing lists, forums, chat rooms and social media.

My fellow bitcoiners, I look forward to coopeting with you all for many years to come. Privacy only extends so far as the cooperation of one’s fellows in society.
But I think that a fundamental disconnect between different sides in the scalability debate is that they are playing different games.
We’re all huddled together on a life raft in an ocean of financial turmoil; instead of waging war with each other and splintering the raft, let’s build a warship so that we may raid the coffers of the overconfident bankers in their overladen galleons. This is an example of coopetition because students are working collaboratively in small groups to prepare for a competition in which the class competes as a whole against another class. In this opinion piece, Lopp makes an impassioned argument for the need for more cooperation between the players in the bitcoin space and the putting aside of vitriol and rivalry in the interests of growing a system to last for many years to come. Consumer apps and use cases on top of bitcoin, Wallets, tumblers or even non-monetary apps like time-stamping services, Merchants that accept bitcoin, especially unique merchants like darknet markets. We aren’t building a technology that we want to take down a path that causes it to fail or become obsolete in a decade. There are both vertical and horizontal symmetries in the value net. Not all consortia are created equal, nor are they designed to achieve the same goals for their members. DTTL and each of its member firms are legally separate and independent entities.