Cryptocurrencies
are
not
software
platforms
https://twitter.com/garrytan/status/1022449295927037957 …
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Replying to @arjunblj
We shall find out in the next 10 years. I am not short Bitcoin and think these it is likely we have a natural duopoly
2 replies 0 retweets 6 likes -
Replying to @garrytan
I remain an open-minded skeptic. Appreciate your public thinking and dialogue around this.
1 reply 0 retweets 3 likes -
Replying to @arjunblj
I guess my whole life and career has been seeing software eat the world and crypto is the obvious tributary of that. I have always struggled with the SOV argument because utility precedes value.
2 replies 0 retweets 7 likes -
Replying to @garrytan
Would recommend the work of Szabo and the Austrian school on commodity theories of money. I think the difference between our views is that you view blockchain as software platforms where I view them as emergent monies.
1 reply 0 retweets 7 likes -
Silver ($40B), which has high industrial utility but exhibits poor properties of money-ness is an interesting contrast to gold ($8T), where nearly all the value is as a pure financial commodity.
2 replies 2 retweets 18 likes -
I think logic also holds true when US fiat is compared with gold over time. One has been consistently been higher because of better SoV property. The flip side is that it might mean we need "dollar" to the bitcoin's gold. Unsure....
1 reply 1 retweet 0 likes
Crypto’s “silver” will be Gold :)
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