Plus, once minimum viable trust (all money is trust) is reached for protocol currencies, smart contracting infrastructure can then be spun up. Smart contracts on top of sound money > Smart contracts on top of non-secure, non-scalable, non-decentralized, no Governance currencieshttps://twitter.com/MustStopMurad/status/1020043101082177538 …
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Replying to @MustStopMurad
Has been my latest thesis on the conference circuit during cocktail hour. Puts your average smart contract maximialist's head in a blender but those who do understand what money is/isn't slowly come around to it. Makes me bullish on Dash, Stellar, BTC (RSK), BCash, STORE, etc.
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Replying to @cryptow1re
Dash sucks, premined, shit privacy. ZEC/XMR far better. XLM is quite centralized, not sure if a federated system with trusted quorum slices can become a global SoV vs. purely decentralized alternatives. Also XLM foundation owns so much Storecoin is interesting. Bcash is a joke
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Replying to @MustStopMurad
Core use case for all started w/payments. Trust was acquired in the app layer. With sufficient trust, they *could* move to the smart contract layer. All have a long ways to go. Bitcoin is the only with minimum viable trust. Unsure it wants to be anything other than e-gold tho.
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Replying to @cryptow1re
Payments is a 100B industry Wealth is a 100T industry Do you catch my drift? It’s not the payments capabilities that makes these coins strong. Its the uninflatability, reliability, security, immutability. You cant have a global MoE before something is a global SoV. my humble view
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Replying to @MustStopMurad
$0.02: A pure SoV currency will not double as a MoE. Pure SoV is a use case (an important one). MoE is also a use case and requires high degrees of SoV to have properties of sound, trusted, secure, global currency. We're not there yet IMO but there is a path.
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Replying to @cryptow1re
I think this is the biggest mistake I hear people make. Many think SoV and MoE will be separate. However, money is all three SoV MoE UoA, at the same time, just in different phases. You literally cannot have MoE without SoV because you want to exchange something that is valuable.
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Replying to @MustStopMurad @cryptow1re
Are you concerned with Lightning underperforming?
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Replying to @MustStopMurad
Predicted it. It has near zero use case on a pure SoV network like Bitcoin. Could work as a stripe-like layer on the world's computer, burning man on a blockchain, and other protocol-level currencies. Unsure the core dev team has the incentives to make it so.
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Lightning isn’t for now, it’s for after BTC mcap is $10 Trillion
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