Cryptocurrencies
are
not
software
platforms
https://twitter.com/garrytan/status/1022449295927037957 …
Cryptocurrencies are money not equity, FANGs all focus on different products, money is the same exact thing
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So how does dollar euro yen coexist? By Gresham’s law only one should have succeeded right ?
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Borders + Governments + State Decrees + Legal Tender Laws + Tax Laws + Debt Extinguishing Laws + Local Monopolies on Money Supply + Local Monopoly on Violence... things that don't exist in the Digital Borderless Realm.
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So u feel China & Russia will let bitcoin take over their financial system;)
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yes I do
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Hey ur the most reasonable dude I have seen among the cult members, but this seems like a stretch. You don’t About how ruthless these dictators are, power at any cost is their motto. They will erect firewalls like how built the filtered internet.
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It definitely could/might/will get ugly!
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They don’t even need firewalls or to coerce ISPs to block nodes. They just need to kill fiat on ramps. Once it becomes policed heavily and fresh capital can’t come in, and people can’t get their capital out, it will retreat to relative obscurity in those nations.
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Is there a good article that explains token economics? I really don’t get it
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