I have been working through an approach and mechanism to support Zcash adoption with @zcashco. What does adoption mean and how do we get there? Here’s the plan.
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I don't know. It could be winner-take-most. But history is littered with dead incumbents who lost the ability to move quickly. I hope BTC succeeds. Our objective is to support economic freedom safely and securely. There is no strategy in place to try to "beat BTC".
Thanks. Twitter will use this to make your timeline better. UndoUndo
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5/ I increasingly believe cryptocurrencies will ultimately be winner-take-all and not winner-take-most. Note that BTC privacy is also gradually improving and may eventually be sufficient for most…https://bitcoinmagazine.com/articles/bitcoin-privacycoin-tech-making-bitcoin-more-private/ …
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6/ The reason why BTC will be adopted, more than anything else, in my view, is its disinflationary nature… Why would I trust ZEC’s credibility of monetary policy more than BTC’s? For SoV purposes in particular, BTC is private enough as is.
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I don't agree. BTC as a hedge for hyperinflated local currencies requires anonymity that BTC doesn't currently provide. As the does the need to move and store large amounts of money.
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Let's imagine a situation. I am a Russian billionaire industrialist in Siberia. I have decided to allocate a certain chunk of cash to a portfolio of crypto. Current Y2050 mcap size of ZEC vs. BTC is 2%. Why should I allocate more than 2% of the amount I allocate to BTC, to ZEC?
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I’m not great with hypotheticals and % would be based on an investment thesis...if it were me, I’d want to know that my money is highly secure and not visible or traceable by bad actors. The other factors you outlined matter. But good enough isn’t good enough.
End of conversation
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