I *think* the winning global, programmable, p2p currencies will be those run on the most number of computers throughout the world where the maginal cost to reach consensus on a transaction will be 1000x of today.
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I have some ideas here, comes from our latest research.
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Chris let's say I fall in love with Storecoin as a SoV. I actually believe it will be a major SoV at go at least to 500B You launch at a $0.5B market cap valuation. Why would I spend Storecoin at all if I believe in it as a SoV before it has went up 1000x? Do you get the issue?:)
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Developers and Merchants will be saving 2.5% + $0.30 per transaction by accepting STORE. If you pay in STORE, they can discount your transaction by up to 2.49% and then pocket the rest. ;)
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But it's Holding (the longer the better) which is what makes currency accrue value. Spending doesn't make it accrue value, if anything, too much spending can hurt value accrual. And if believe it has potential for 1000x I'll hold on for dear life, not spend :)
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means of payment != medium of exchange value transfer != value storage :P value storage = price increases value transfer = not neccessarily price increases if velocity is high
End of conversation
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Ethereum has a low probability of becoming a winner in SoV unless it gets its 7%-13% annual inflation under control.
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I don't know where you got 13% from. It's 7% and will drop precipitously after PoS. But I completely agree. That said,
$ETH opponents somehow think the community is naive to basic monetary policy. It's literally the dumbest thing I've ever heard. -
remind me what year is full PoS coming?
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you're delusional
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Aren't we all?
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some less than others ;)
End of conversation
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