I agree but Murad's quote was about "money" -- I take that to mean MOE, SOV, and probably UOA. Nothing is that today. That is fact. And yes, it's taken 8 years and we're still not there. My point was simply that both are challenging.
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nowhere in my original quote is there a word "today" 8 years is nothing compared to centuries and millenia previous media of exchange took to get cognitively monetized please have patience
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Yeah tech is shrinking what would take centuries into decades. It’s pretty incredible. But complacency is the enemy of progress. Still a long way to go.
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Replying to @panekkkk @MustStopMurad and
Thought experiment: Imagine a world where Ethereum was created as it is now in 2009 and bitcoin was created today
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Replying to @kacperwikiel @MustStopMurad and
I’ve posed a similar experiment: imagine no BTC, how would we view ETH? BTC gained a lot from being the genesis crypto, its founder myth, durability + immutability of MP over time etc. Would likely be seen as some scam fork in today’s ICO world (depending how it launched).
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Replying to @panekkkk @kacperwikiel and
forked/alt created to be deflationary/fixed cap to be a better SoV schelling point Highly recommend Paul Storzc’s article on Deflation on this: http://www.truthcoin.info/blog/deflation-the-last-word/ …
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Replying to @MustStopMurad @panekkkk and
"if Bitcoin didn’t have a fixed money supply, it would be replaced by something which did. money exists to be saved, the savers are better off on the fork which most encourages saving."
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Replying to @MustStopMurad @kacperwikiel and
That doesn’t mean the community would legitimize it. You can launch a 1000 fixed supply cryptos today w/ 10m supply but they’d go nowhere. Trying to replicate BTC’s success is almost impossible in today’s world wouldn’t you agree? As I said, it would depend on how it launched.
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Replying to @panekkkk @kacperwikiel and
Agreed. Being first mover + immaculate conception + anonymous founder + most decentralized + longest lasting lindy effect + network effects help a lot.
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Replying to @MustStopMurad @kacperwikiel and
Yah agreed! Genesis is a special and tricky thing to replicate and depends on the environment at the time. Launching today pretty much means it’s institutionally owned. And the rest (decentralization, censorship-resistance, security, etc.) must be earned over time.
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Yup. Grin is trying hard to do it pure though.
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Replying to @MustStopMurad @kacperwikiel and
Yep. Will be interesting to see it play out.
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Replying to @panekkkk @kacperwikiel and
Though most of the top 10 crypto funds have already bought $millions worth of mining contracts
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Replying to @MustStopMurad @kacperwikiel and
Yah exactly. It’s almost impossible to not institutionalize. Everyone knows about it now.
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