Except that ETH is the most viable crypto-based competitor for money that BTC has. Don’t @ me.
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Goes to say how weak BTC competition is
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Serious question: If ETH moves to POS and people "earn cash flows" for staking does this take it out of the money-competitor category?
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If we played a game of monopoly...and I told you after the game that I would pay you more monopoly dollars every year if you gave me $100 dollars now...would you do that? Hyperbole, of course, but that’s the question. Quality of dollar matters.
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I think you make a good point. The difference is monopoly dollars aren't fungible back into other "monies". If there is a market for ETH and its fungible, those cash flows have some value no? Not trying to die on this hill by the way. Just thinking out loud.
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Those aren’t cashflows in the sense of equity of a company. Those staking rewards are supply inflation paid for by diluting non-staking participants.
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I agree they are different in nature but there is still a "flow" that occurs. Call it ETH-flow. Stakers benefit assymetrically from inflation for securing the network and perhaps that makes the whole system unfair. That said, cant we still value that eth-flow?
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Money valuation is purely subjective
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Also the models I’ve seen for staking are not economically attractive at all.
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Me neither. I'm pushing myself to think about those types of models and if they could ever work like securities with flows that drove value.
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Why is it overvalued?
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BTC is far better to park wealth in, it will suck capital out of it
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Only if you ignore the many, many other use cases and things being built on it, oh and the number of developers involved
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These things don't neccessarily make it a better *STORE OF VALUE* or *MONEY*. Certainly not as a good as Bitcoin is.
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But no one in the community is arguing it is even trying to be a store of value or money, so I don’t get your argument?
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At its peak, Ethereum was the largest ponzi scheme ever. It's going to end badly.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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So short it using Augur.
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Is there any benefits in doing this through Augur instead of going through any traditional exchange?
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Some benefits, some drawbacks. I’m just teasing murad by asking him to short Eth by using an Eth app to do so.
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All "un" pegged? I though pegged tokens or stable coins were the money competitors, and
$ETH will most likely be a cash flow token although I do not think it needs to be. And although maybe overvalued today, I fee it is way undervalue from where it will be in 5 yrsThanks. Twitter will use this to make your timeline better. UndoUndo
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