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Relative - Ethereum really have some nonzero utility - even without being long term SoV. Tether - seigniorage + utility in having real dollars + being able to literally print dollars for Bitfiinex / Tether company
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utility != sustainable value capture my coffee mug also has non-zero utility only long-term, growing, dominant SoV and work tokens (maybe. tbd.) have value capture
End of conversation
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You are definitely thinking in the right direction. This is a very useful meme
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Rumor has it Tether is a loss-leading enterprise, so literally no value capture in absolute terms
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The whole SoV vs MoE vs Fat tokens intellectual charade must end. People are equating social utility with long term value capture potential (because it made sense for startups)
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No they’re not. It’s simply a debate of neo-money vs. neo-programmable money. Or SOV vs SOV + utility. That’s it. ETH is also a cryptocurrency. Surprising I know. Any attempt to pretend otherwise is simple deflection.
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But why Ethereum, not EOS?
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All cryptocurrencies share fundamental properties. Labels like “cryptocurrencies” or “SC coins” are simple semantic groupings but they aren’t mutually exclusive.https://twitter.com/panekkkk/status/999009499431276544?s=21 …
End of conversation
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