1/ Many of the SV / SF / VC / HF think ETH or another smart contract platform will win because “more people are building apps on it.”
-
-
10/ For this to happen, the coin needs to be have a multitrillion dollar size or bigger (in today’s terms). The bigger it is the more liquid it is, the more stable it is, and the less the disincentives to spend are (as less “gains” eventually left ahead). Dont wanna be Pizza Guy.
Show this thread -
11/ Cypherpunk, Libertarian and Crypto-Austrian money is already here. For any coins to get to multi-trillion valuations, first, we need institutions and HNWIs to invest as a Store of Value, Neo-Gold thesis.
Show this thread -
12/ Need to saturate SoV before it is globally, comfortably & conveniently usable as MoE with
#NoRagrets. In the short term, I think stablecoins will be used as MoE/UoA, even EM SoV. And in the medium & long-term, my money is on Bitcoin with a small side of ZEC. Don’t @ Me
Show this thread
End of conversation
New conversation -
-
-
Why is stability necessary?
-
People usually desire their day-to-day currency to be relatively stable in its purchasing power.
-
I would prefer volatility to constant debasement...
-
In the long-term / as a Store of Value — yes. In the short-term / as a Medium of Exchange — no.
-
Tweet unavailable
-
$10T+ market cap
End of conversation
New conversation -
-
-
Agree with everything here, but having trouble understanding this one. #3 would be important for SoV, but not for money, right?
-
Meaning “disincentives to spend”
-
think of it this way. if you believe BTC will be 20 trillion one day. At 100b market cap, there are disincentives to spend, since there are 200x gains ahead. At 5 trillion market cap only 4x left, so more and more people start spending.
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.
supply) digital coin to become “Money” or “Currency”, it needs to be 1) liquid, 2) stable, 3) disincentives to spend (when the mcap is small) lessened.