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
1/ Agree, the growth potential will be slower (than BTC). If fiat comes into ETH to go to an ERC token, ETH sold to purchase the ERC token gets collected by the ERC token team. As long as they don’t sell that ETH for fiat, the demand can outpace the supply & the value grows.
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Replying to @danzuller @MustStopMurad
2/ This is also assuming demand growth outpaces supply growth, which is another force bringing friction to the value growth. Point is, the pass-through factor is okay for the network so long as ETH continues to be held by sellers of ERC tokens.
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Replying to @danzuller
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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Replying to @MustStopMurad @danzuller
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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Replying to @MustStopMurad @danzuller
Your argument is invalid -> more money going to ICO's -> higher ethereum pricepic.twitter.com/1teNvymsu2
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Replying to @kacperwikiel @danzuller
I think the amount of money raised by utility token ICOs will go down over time.
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Replying to @MustStopMurad @danzuller
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.
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