It’s impossible to make such a strong statement. We really don’t know. The market may converge around a mildly inflationary currency if it’s a more widespread MOE. Nothing exists in a vacuum except for your theories.
-
-
are u gonna pick a form of money whose supply increases 1% per year or 20% per year in supply? exact same logic with 0% and 2%. why would you voluntarily dilute your own wealth? its like burning money
2 replies 0 retweets 3 likes -
We're not talking about what makes the best short-term SOV. It's possible that the lack of distribution or usage as an MOE/rise of a more ubiquitous currency turns investor interest away from BTC and this happens *before* it stabilizes/transitions to MOE. You think in vacuums.
1 reply 0 retweets 0 likes -
you're grasping at straws and ignoring basic monetary theory. im done educating you if you're unwilling to learn. what distribution? BTC is more well-distributed than ETH. what investors? How do you not understand that payments don't matter. all they care about is SoV for now
2 replies 0 retweets 2 likes -
There's nothing basic about macro-economic theory combined with digital, cryptographically secured money so basic theory has min application. You need to consider broader/current context: we have fiat money, incomplete roadmaps, min distribution, tech/econ limitations, etc.
1 reply 0 retweets 0 likes -
Replying to @panekkkk @MustStopMurad and
These are variables that piss all over basic Austrian economic theory. Thinking it will play out exactly according to theory is a recipe for disaster.
2 replies 0 retweets 0 likes -
Replying to @panekkkk @MustStopMurad and
At best you can use it as a guide but you have to mold it to current context and apply probabilistic thinking.
$BTC is an evolving, emergent technology. It is not in its final form. Neither are its competitors. There are white/black swans that simply cannot be theorized.1 reply 0 retweets 1 like -
do you agree that *as things are* BTC is more likely to win money/SoV use case?
1 reply 0 retweets 1 like -
Not really no. I can't separate the tech from its final form. Investors will start dropping if/when fees skyrocket / if LN fails / etc. Same goes for
$ETH with PoS and sharding. If PoS works, it decimates any concerns about minimal inflation. I've seen what PoS does to hodlers.2 replies 0 retweets 0 likes -
Replying to @panekkkk @MustStopMurad and
I don't know how a
$BTC investor can look at PoS and not be terrified. Not only does inflation grease the wheels of spending but it increases its SoV.2 replies 0 retweets 1 like
money is supposed to be a highly liquid reliably saleable good at a moment's notice, if you have to lock it up for a months-long period **simply not to have your wealth eroded away** then that hurts the immediacy and saleability of your chosen money. the rest are diluted
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.