As an investor, I am looking for what captures value. SoV TAM is orders of magnitude bigger than Smart Contracts’ TAM. ETH has EOS, DFINITY, TEZOS, Cardano, NEO, RChain, Kadena, Zilliqa and many others coming after it. BTC has almost no competition. (maybe Privacy coins)
-
-
Replying to @MustStopMurad @vega113t
1/This is fair. SoV assets have a TAM that can be historically referenced, and I also understand your personal criterion for evaluating SoV in this space. Except I see a lot of these protocols you mentioned as being Layer 1 protocols on top of incredibly vast networks.
2 replies 0 retweets 0 likes -
I believe there will only be 1-3 SoVs, with #1 being at least 70%+ of the market. And in the super long run probably just 1. Absent government monopoly and border capital control, Monetary standards converge to “one or just a few” monetary standards.
1 reply 0 retweets 0 likes -
Also, you can have massive utility and still not be a SoV. Just like Laptops aren’t a SoV. But Gold is. SoV is about security, immutability, censorship-resistance and disinflation. BTC is ahead on these.
1 reply 0 retweets 0 likes -
Replying to @MustStopMurad @vega113t
>SoV is about security/immutability/censorship-resistance/disinflation A SoV asset is really just an asset that retains value over time. They should be effective at the above properties you listed, but ultimately they just need to be perceived as valuable and hold said value.
1 reply 0 retweets 0 likes -
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.
1 reply 0 retweets 0 likes -
Replying to @MustStopMurad @vega113t
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.).
1 reply 0 retweets 0 likes -
No. Gold is much harder to unearth, and thus expand the supply.
2 replies 0 retweets 0 likes -
Now take a look at monetary policies of all coins vs. Bitcoin. Bitcoin’s monetary policy is the most credible *AND* the hardest to change as we have seen with Segwit2x, UASF, BCH.
1 reply 0 retweets 0 likes -
Replying to @MustStopMurad @vega113t
To me this is just a repackaged way of saying "it's harder to upgrade therefore it will be the best coin". The sluggish improvement process within Bitcoin is one of the bigger reasons why I think it will fall behind as Layer 1 tech evolves/improves.
1 reply 0 retweets 0 likes
wanna bet BTC won’t be flipped within 2 years?
-
-
Replying to @MustStopMurad @vega113t
I'll bet in 4-5 years. Should we put the bet into an Ethereum smart contract? :)
0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.