Smart contract platforms will either become “Stores of Value” or we will rationalize their high prices with some other meme (e.g. “Defensibility”). There’s no way around it—marketcap is directly proportional to security.
Because SCP "need" to be secure to work doesn't mean they will be secure. It's hard for any SCP to compete for SoV against BTC, especially once you factor in that the market for free market monetary media is likely to be winner-take-most if not winner-take-all.
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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Agree it's winner take all, but I don't see why BTC is hard to compete with. Suppose ETH committed to a capped supply. I'm not sure then what major advantages Bitcoin has? Name recognition, age/Lindy effect. Not sure these are enough. Esp. when Eth starts scaling, moves to PoS..
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