dont think ZRX or OMG will accrue any significant value going forward
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disagree - forkability is not frictionless by any means also, i agree with you that 99.9% of 'utility tokens' on the market right should be worth $0. token engineering is still nascent, i am confident that designs will appear that actually lead to value accrual at token level
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Let’s think about what value is. Market cap is precisely the amount of wealth that is “stored” in the asset. All unpegged tokens are competing with the more liquid moneys. Why would anyone store wealth in the tokens, instead of more liquid, saleable, recognizable SoVs?
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utility hypothesis
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dude. the people peddling those ideas are hedge funders who are bending over backwards to convince people BTC will not be the big winner. Because if BTC wins and everything else loses the hedge fund model becomes worthless. Utility hypothesis is a joke. Everyone laughs at it
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like 'everyone' laughs at bitcoin maximalists? again, (and this may seem like a copout) i don't necessarily disagree with you but i'm open to the idea that we may not actually know how this story plays out. for the record BTC makes up a sizeable % of my portfolio
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bitcoin maximalists are the mainstream :)
End of conversation
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