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.”
-
Show this thread
-
Replying to @MustStopMurad @joonian
Why is it a win or lose scenario? Why can’t ETH or another app platform succeed, while BTC succeeds in its SoV/neo-gold mission? The monetary policies of app platforms are designed to function only moderately as a SoV to prevent a tragedy of the commons. BTC is better suited.
1 reply 0 retweets 4 likes -
But that doesn’t mean either / or. Both can be successful at achieving different missions. If the crypto market didn’t lump every coin/token together regardless of mission/purpose, would Bitcoiners even care about app platform coins?
2 replies 0 retweets 2 likes -
Replying to @cyber_hokie @joonian
Hey good question. It’s because I believe in the long-run there can only one big monetary cryptocurrency winner.
4 replies 1 retweet 2 likes -
2) Gresham's Law, in plain English: People hold onto that which is appreciating, and depart with that which is depreciating. Considering its current and future potential as a SoV, I don't see BTC becoming a MoE. I wouldn't buy my latte with my Apple/Google stock in 2002 either
1 reply 0 retweets 0 likes
Murad Mahmudov 🚀 Retweeted Murad Mahmudov 🚀
Murad Mahmudov 🚀 added,
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.