1/ I’m noticing a resurgence in the crypto as “money” narrative, over any other usecase. This seems to be related to what part of the cycle we are in.
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Replying to @AriannaSimpson
Blockchains don't create revenues, they destroy revenues. There is only 1 exception. SoV. Which itself feeds off of other non-crypto SoVs in the world in a near-zero-sum manner. In the crypto space, Value only accrues to Money.
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Replying to @MustStopMurad @AriannaSimpson
Blockchains are self-sustainable systems that create value. Up until this point, technology wasn’t mature for wide use due to scalability, but we have EOS now, soon other public scalable DLTs will appear
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Replying to @yunodowastaken @AriannaSimpson
Only 1 or at best an extremely small number can be sustainable long-term. They are all in direct competition
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Replying to @MustStopMurad @AriannaSimpson
Most likely, but I have good association with countries: some countries have less developed economy and technology, but hey, there’re still people there
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Replying to @yunodowastaken @AriannaSimpson
Countries are physical objects, hard for everyone to move from one to another. Everyone can't go live in the same country. Cryptocurrencies are abstract digital assets where you can switch instantly. Converge to 1 big winner likely imho.
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Replying to @MustStopMurad
Besides countries being physical objects, they’re communities of people with similar culture and value systems. And so will be with blockchains: they will have different values, e.g. governance, different people have different preference over how power should be distributed
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Money has tendency to converge to one, look at Gold globally in the 1880s. It's risky to be holding the less liquid, less recognizable money. The SoV component of Money is a bout anxiety-reduction so you want to hold the most saleable one. SelfSurvival > Culture/Values
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