Misspoke here. I mentally skipped a few steps Hard money comes from supply schedule and inability to Change it But on a long time scale, other assets like ETH will be considered 98% as hard as BTC. Point still standshttps://twitter.com/KyleSamani/status/1042784185193308160 …
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Kyle’s argument (I think) is that a cryptocurrency doesn’t need to be 100% hard to be valuable to 95% of people. That’s like only wanting diamond knives because they are the hardest when steel works perfectly fine almost all of the time.
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Humans share about 50% of our genes with Bananas. Why aren’t 50% of humans married to bananas?
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ETH will maybe get to 80%. BTC will be at 98% and Monero at 100%. Fungibility is not a tiny difference either.
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