Brutal take-down. Bitcoin seems hugely overvalued. "Why? Remember, almost 16M BTCs have been minted. All those free-float BTCs fighting to carry only $8.5M of value every 10 minutes — that can’t be good."https://twitter.com/anshumancrypto/status/1011340705959219200 …
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Mostly agree. My tweet sucked BTC can be LT SOV & transfer wealth Being unit of acct or medium of daily exchange (see NSzabo)v hard cuz USD Is L2/LN worth it? Why not just fix UX to buy, hodl, sell BTC for Iranians etc first. Iranians buy <3 BTC on Local Bitcoins Iran a day?
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Your tweet did suck What is the mkt cap/network value of USD? What is the transactional volume per 10 minutes? I know I hold a lot more USD in a bank than the amount I transaction in 10 minutes.
End of conversation
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