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.”
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Yet here we are with people parking wealth in fiat versus gold.
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That is because government coercion + legal tender + state decree + debt extinguishing laws + state monopoly on money + only being able to borrow in fiat, giving fiat a strong “price” floor, and you know it. In a digital borderless free market realm it’s different.
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We still don’t really know what the global population values out of digital currencies. We can speculate SoV is the sole or best use case but it really depends on how people want to use it. For Bitcoin to be the SoV you want, it essentially has to maintain low velocity.
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Any *monetary* SoV definitionally has a low velocity :)
End of conversation
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