During every bear market, Bitcoin had something technologically interesting that was being developed
These concepts are responsible for restoring faith in the future of the project
In 2011, the self custody experience improved with proper SPV wallets.
In 2013-2014 we got Zerocash (today’s Zcash), Counterparty and Omni (the grandfathers of Ethereum & Solana), and the early iterations of sidechains
In 2018-2019 we witnessed the glory days of the Lightning network, which promised to make all altcoins obsolete
In 2022-2023 we saw the first use cases for Taproot and started thinking about CTV, programmability via BitVM, vaults, and scaling Bitcoin across time
But for 2026-2027, we have nothing going on. Some BitVM projects that aren’t getting any traction due to the broken user culture, infighting due to filtering wet dreams, a lot of virtue signaling from people who don’t understand how Bitcoin works, nothing productive or remotely interesting.
The research and development moved to other chains or else pivoted to AI. The smartest people are leaving, or else creating hard forks like Ecash.
Only the most naive or perverse (as in sheep and wolves) seem to be sticking to the BTC only thesis, as regulators and politicians finally caught up with how the tech works and are ready to capture it.
Bitcoin doesn’t die when the price goes to 0. It dies when it no longer becomes useful as unstoppable internet money, as the primary use case is speculation.
These concepts are responsible for restoring faith in the future of the project
In 2011, the self custody experience improved with proper SPV wallets.
In 2013-2014 we got Zerocash (today’s Zcash), Counterparty and Omni (the grandfathers of Ethereum & Solana), and the early iterations of sidechains
In 2018-2019 we witnessed the glory days of the Lightning network, which promised to make all altcoins obsolete
In 2022-2023 we saw the first use cases for Taproot and started thinking about CTV, programmability via BitVM, vaults, and scaling Bitcoin across time
But for 2026-2027, we have nothing going on. Some BitVM projects that aren’t getting any traction due to the broken user culture, infighting due to filtering wet dreams, a lot of virtue signaling from people who don’t understand how Bitcoin works, nothing productive or remotely interesting.
The research and development moved to other chains or else pivoted to AI. The smartest people are leaving, or else creating hard forks like Ecash.
Only the most naive or perverse (as in sheep and wolves) seem to be sticking to the BTC only thesis, as regulators and politicians finally caught up with how the tech works and are ready to capture it.
Bitcoin doesn’t die when the price goes to 0. It dies when it no longer becomes useful as unstoppable internet money, as the primary use case is speculation.
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