Cryptocurrencies
are
not
software
platforms
https://twitter.com/garrytan/status/1022449295927037957 …
-
-
Replying to @arjunblj
He’s making a correct assumption:
Tooling/Documentation =
Developers/Network Effects =
Users/Utility =
Moneyness1 reply 1 retweet 3 likes -
Replying to @panekkkk
Disagree with your induction & conclusion but if you are right, I look forward to serving my Silicon Valley overlords.
1 reply 1 retweet 8 likes -
Replying to @arjunblj
I don’t see why it’s that complex a conclusion. It’s not that dissimilar from Bitcoin. Utility and network effect (think of this simply as “attention”) very likely draws investor interest. I’d love to hear the counter-argument.
1 reply 0 retweets 1 like -
I agree with you that utility helps but Moneyness is 90%+ of the importance here
1 reply 1 retweet 1 like -
Replying to @MustStopMurad @arjunblj
Right. So what becomes more like money? That thing that people are buying *only* to hold to
in value?
Or that thing that has greater utility for spending, gives them more network connections to spend w/ (think Metcalfe’s), produces yield when holding to offset inflation?1 reply 0 retweets 2 likes -
Bitcoiners are convinced SOV comes first but the transition to an MOE could be decades away. In that time, ETH or another less frictional (ie more MOE) crypto could be the currency of the Internet. This is absolutely the biggest threat to Bitcoin’s moneyness.
2 replies 0 retweets 1 like
MoE will start after $10T+ in my view, which is only an 70x away :P
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.