He’s making a correct assumption:
Tooling/Documentation =
Developers/Network Effects =
Users/Utility =
Moneyness
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Yeah I know the thesis just pointing out one reason that hypothesis might be flawed. SOV first attracts white collar investors. SOV+MOE attracts the blue collar general public. I know which I’d rather attract to gain adoption as a money.
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I dont know if I would call ETH (if thats your implication) a blue collar magnet. Not to say BTC is either but just saying. Also, is it even a fair statement to say that ETH is a SOV/MOE? My view is that neither are real MOE at this point but BTC has better SOV characteristics.
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Yeah it’s a very loose analogy and doesn’t really apply to ETH or the present state of things (we’re all mostly techie-leaning early adopters at this point in time).
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I think you really wanna attract the rich
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Yah but what if you attract both? These are really loose analogies anyway and obviously from an investment perspective you don’t really care if SOV happens first or simultaneously lol. Thinking of it purely from an economic future perspective.
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from an investment perspective you want pure SoV first =) pure price appreciation :P good money driving out the bad price skyrockets continuously before ppl start spendin
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All else being equal I don’t know that I agree because that somehow assumes that MOE detracts from SOV which may not be the case. More people using it increases awareness and could be more attractive to investors.
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temporarily it does u want people to hoard BTC and to "spend" something else like fiat this would ensure maximum speed of BTC price appreciation
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spendability of ETH but some inflation + greater utility/network connections/network effects greases the wheels.
Granted these are all assumptions. It’s possible that LN takes off and more connections form in BTC but that seems less likely.