2/ Whereas, what truly matters is the coin that gets the most investment & wealth inflows from retail, institutions and HNWIs as “Neo-Gold” —> “Neo-Money”
-
Show this thread
-
3/ Pure Neo-Gold component’s value accrual is 100 times bigger than all dApps combined.
1 reply 4 retweets 48 likesShow this thread -
4/ Not to mention the fact that due to the openness / forkability / transparency of it all, most dApps won’t accrue as much value as their closed-source existing deeper rent-seeking counterparts.
2 replies 5 retweets 47 likesShow this thread -
5/ I don’t see how building even several successful dApps (let’s entertain this idea) on top of a money-candidate makes it all that much better as a money-candidate.
3 replies 6 retweets 44 likesShow this thread -
6/ Problem with many of these SV VCs and crypto “thought-leaders” is they have zero understanding of Monetary Economics especially in the context of borderless free markets, free of state monopolies, legal tenders, state decrees, coercion. This is what fiat has done to society.
2 replies 24 retweets 121 likesShow this thread -
7/ Instead, they think of these as mostly purely software platforms and try to apply previous-era Web 2.0 SV paradigms and their San Fran clichés. Instead, I believe that these are moneys wrapped in software. After all, they are *cryptocurrencies*. Money first and software second
1 reply 9 retweets 70 likesShow this thread -
8/ I don’t think big asset managers, university endowments, sovereign wealth funds, commercial banks, central banks or the rich HNWIs give a shit about decentralized roulette, nomadic DAOs or some blockchain tamagotchi.
5 replies 11 retweets 79 likesShow this thread -
9/ For any fixed-supply (or even relatively scarce
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.3 replies 5 retweets 36 likesShow this thread -
Replying to @MustStopMurad
Agree with everything here, but having trouble understanding this one. #3 would be important for SoV, but not for money, right?
1 reply 0 retweets 0 likes -
The bigger BTC gets, the better it is at being both a SoV and a Money. I believe the evolution goes: collectible —> SoV —> MoE —> UoA
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.