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.
1. Your first point assumes pre-ICO and ICO conditions; post-market liquidity this is not the case. 2. There will be token issuances on multiple SC platforms. 3. The entire process will be increasingly frictionless and instantaneous, with ETH/SC token holding periods going down.
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4. If ETH receivers don't want to speculate, they will increasingly be able to instantaneously transfer to Stablecoins or BTC. 5. If the world increasingly views BTC as a superior SoV to ETH, the incentives to hold ETH go down.
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Your argument is invalid -> more money going to ICO's -> higher ethereum pricepic.twitter.com/1teNvymsu2
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I think the amount of money raised by utility token ICOs will go down over time.
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Category "other" on coinmarketcap is growing. Ethereum is really useful as fundraising platform and I would expect even more money to be sloshing and captured by ETH + ERC20 tokenspic.twitter.com/27N6KPGq7B
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If ETH doesn’t become seen as a SoV, interoperability + abstraction + frictionlessness + seamless DEXes + atomic swaps will make that “near-term” holding period get shorter and shorter, potentially driving ETH velocity higher, and hence, price lower.
End of conversation
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