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.
@Cryptow1re why do you think wealth will be stored in several currencies except just one? money is the most liquid good
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1/ There will be multiple protocols that find an economic balance between SoV and MoE 2/ People/Co's will buy and hold to perform dWork so they can earn on multiple protocols (staking) 3/ The programmable nature of sound p2p *currencies* will give SoV, MoE, and UoA a tail
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The data is early but the demand for staking PoS protocols is high. Here's Tezos live data: https://docs.google.com/spreadsheets/u/1/d/e/2PACX-1vTOyZxHRyCFuGEc3HjZWp3EkWPVJFVZNqPkxhsnHf1pE4XFuqFf2lNe79rSDfjkSaU3Bv_TAE1hcAFZ/pubhtml … ... from conversations with the Cosmos team, it's high over there too.
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