Why is ETH decoupling in the wrong direction?
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I’m sorry, I don’t trade bananas sir. All cryptos are largely bought on speculation and if you think otherwise you’re even higher than I thought. If anything, off all the assets, ETH was being bought most for its utility such as to contribute to ICOs. Now watch me backpedal:pic.twitter.com/xfQVPU9E7K
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USDT is bought for more utility (anxiety reduction) than speculation
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Yah that’s fair. Stable coins are a really interesting wild card in the whole debate as they are quite literally instant SOV/MOEs as long as you trust their underlying currency pegs and mechanisms. Can’t deny these are interesting times.
End of conversation
New conversation -
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Utility is factored into price. Pfeffer wrote a good piece on how to calculate (we built the economic models for his thesis, it +helped our R&D). SoV properties are much more valuable than the payments utility BUT SoV can and will co-exist in the dominant p2p payments currency.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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