"once something is desirable as a store of value, people will want to be paid in it" gold is a SoV but I will take USD over gold any time despite being a worse SoV. you can't have good MoE without a good payment system, which is why people work on both
Gold was desirable as an MoE for 5000 years. It has since been demonetized. 60 years ago you would want Gold not poer
-
-
and it no longer is despite being a better SoV than USD. i trade MoE and hold SoV; good SoV properties is not nearly sufficient for good MoE
-
you can have both but SoV should take precedence.pic.twitter.com/UNY9iniqY3
-
nah USD is a bad SoV yet good MoE. they're different functions for which you require different properties; no point in muddling them together for no reason other than creating confusion and motivational monologues
-
Absolutely wrong. All money is SoV MoE and UoA to different extents. Thinking that SoV and MoE are “separate” is a common mistake.
-
yes, I said USD is good MoE and bad SoV, while gold is an arguably better SoV and a worse MoE. i didn't say they're not both... you're trying to make MoE a consequence of SoV which is obviously wrong. you can have SoV that is hard to transport and perfect otherwise
-
My Point is a cryptocurrency can be good at all.
-
my point is that the part i quoted is inaccurate, and that part serves as a wrong premise for the rest of the monologue i.e. it unjustly downplays the importance of payment systems and belittles those who focus on "not important" / "cool perks" aspects. good SoV ⇏ good MoE
-
Focusing on cool perks before the SoV / security components is like trying to fly before you know how to crawl.
End of conversation
New conversation -
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.