I’m becoming increasingly convinced that this is the crux of the new currency wars: SOV first vs SOV/MOE simultaneously. I think both may win in the medium term but potentially only one wins very long term.
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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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Maybe but are we still early? Maybe investors are turned off by the fact that 9 years in no one is spending it. It certainly makes headlines. I don’t necessarily disagree just offering some counterpoints.
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I see your point but I don't think Bitcoin is about payments It's about uninflatability and "scarce digital preciousness" at least for now it's revolutionary that central banks cant print more btc that's why we are obsessed with fixed supply :)
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If Ethereum has geniuses in financial engineering like Alan Greenspan, then it would become like the dollar which dominates despite being printed heavily. The key to dollar expansion was distribution and market share ( $100 Trillion capital markets ). MOE reinforces SoV
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“MOE reinforces SOV.” Well said.
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widespread MOE won’t come before SOV has mostly been saturated
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So what about the Swiss franc it’s better sov but no distribution globally



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in value
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.