This to me demonstrates a feeble understanding of the trade offs on smart contracts. Do you need to run it on a UTXO or Account based protocol? Storage demands? Pruning? Cost model? Latency/throughput? -- all features which require different protocols with varying strengths. https://twitter.com/MustStopMurad/status/1002274763656564737 …
absolutely not, in the long run there can only be a handful. Gold is 400x bigger than Silver, for a reason.
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So your argument is that Bitcoins very lack of utility and uselessness as a circulating currency makes it a superior SOV?
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I counter with the argument that bitcoin is unsustainable. If it gets to gold like levels of market cap the energy consumption will be politically a huge issue.
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I think Bitcoin could consume 51% of the world’s electricity.
End of conversation
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