The thread has little to do with smart contract tradeoffs, but rather, how likely is ETH to become SoV vs. BTC. Obviously there will be 3-4 smart contract platforms, each with it's own set of tradeoffs. The point is the doubt whether they can unseat BTC as defacto SoV.
There is a reason why Gold’s market cap is 400x bigger than Silver’s. For them to hold said value, they need the global cognitive consensus around SoV to converge to that particular coin. It to be the most secure, censorship-resistant and have the most credible monetary policy.
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They need the global consensus that Gold is more valuable than Silver, that's all. Is Gold far more "secure and censorship-resistant" than Silver? No, the material is perceived to be more valuable for other reasons (scarcity, decorative purposes, malleability/utility, etc.).
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No. Gold is much harder to unearth, and thus expand the supply.
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Yup, that falls into the scarcity component I listed.
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Silver has 30x the number of industrial use-cases than Gold, and yet the latter is 400x bigger. Money is less about utility and “things you can do with it”, and more about Security + Credibility of Monetary Supply.
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It's all about perceived value. It's entirely possible that the most censorship resistant and immutable protocol is not perceived as the most valuable coin.
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Just read the "Bitcoin Standard" book, it exactly explains why you are wrong (or more exactly there are things your are not aware of).
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The “Bitcoin Standard” also claims that “sound money would have stopped WW1” quite vigorously. It’s pseudo-economics and pseudo-history.
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Several Governments have stopped convertability to Gold in 1914-1915 to print as much as they can (steal from the populaion) to finance war. That is a historical fact. Nothing “pseudo” about it
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