1/ You can theoretically have quadrillions ‘passing’ through Ethereum and ether could still not acquire much of a SoV monetary premium, and deep inside you know this to be true.
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Replying to @MustStopMurad @CarpeNoctom
panek Retweeted panek
panek added,
panek @panekkkk1/ Most neo-gold maximalism is also parroting. The entire debate of SOV ($BTC) vs. utility ($ETH)#cryptocurrencies relies on the assumption that utility coins can't also be SOV/neo-gold. But of course--they can! https://twitter.com/arjunblj/status/998942479054528512 …Show this thread1 reply 0 retweets 1 like -
The potential flaw in this thinking is that neo-gold is what the market wants. It might. But maybe it wants neo-programmable-money/neo-value? Or maybe it wants both neo-gold and neo-programmable-money? Show me an equivalent market with a single winner take all.
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Replying to @panekkkk @CarpeNoctom
1) Programmability should be built on top of Security/Censorship Resistance/Immutability, not the other way around. Security / Sound Money has to take absolute precedence, with other things coming afterwards. 2) Example 1: TCP / IP. Example 2: Gold is 400x bigger than Silver.
12:16 AM - 2 Jun 2018
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