All ERC20s are worthless I think, only coins which are SoV / Money candidates make any remote sense and can continuously gain value / single biggest addressable market on earth
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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