How many of those are being built on Bitcoin, vs being built on Ethereum, Murad?
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Replying to @cyounessi1 @wheatpond
You can theoretically have quadrillions ‘passing’ through Ethereum and ether could still not acquire much SoV monetary premia, and deep inside you know this to be true.
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SoV is *NOT* about the amount of stuff that's being built on top of something. SoV is about security, censorship-resistance, immutability and disinflation. As of right now, You could have 1,000 things built on top of ETH and it still wouldn't be as good of a SoV as BTC.
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Replying to @MustStopMurad @wheatpond
After those 1,000 things are built, don't you think the community will push through the necessary changes to make it a strong SoV? In what universe do you think the Eth community will just roll over and have all their wealth siphoned from them by the do-nothing Bitcoiners?
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Replying to @cyounessi1 @wheatpond
No I do not. I think ETH and the entire smart contracts space will be cannibalized by one another / the competition and subsequently commoditized. BTC and maybe a privacy coin winner, in the meantime, will be SoVs. BTC is a better SoV on. every. single. SoV-defining. criterion.
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ETH could beat BTC in the SoV race, but the % probability is like 10% chance, not 45% chance like the market is implying. (delusional market)
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Come to the dark side. We have cookies.
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Also, the Bitcoin developers are *the* most talented team in the space and there is zero argument about it. You don't appreciate the conservatism, hypersecurity and hyperdecentralization ideals of Bitcoin (sound money) and are exhibiting high time preference with "Moar features".
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Replying to @MustStopMurad @wheatpond
This is a precarious, fragilizing standpoint though. If ever, for whatever reason, Bitcoin's SoV properties are 'copied' (and believe me, everyone is trying) then Bitcoin will have lost its competitive advantage, and will be behind in all the other important areas.
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The price drop won't be gradual, but it will be a sudden sharp decline as Bitcoin goes from SoV to completely useless.
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You can’t “copy” the devs, time, brand, Lindy effect, battle scars, UASF. ETH can’t copy Bitcoin’s more secure blockchain structure. ETH doesn’t even have proper full nodes. ICO scams, MoE and contracts are FAR easier to copy than BTC qualities.
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