1/ An asset doesn't have to be fixed in supply to protect against inflation of other assets (like fiat) & erosion of wealth.
If you think of Bitcoin as “product” which needs to perform the “functionalities” of Money - it sucks. Bitcoin has to be 3T+ mcap to be a good SoV 20T+ mcap to be a decent MoE 40T+ mcap to be a decent UoA Stablecoins can be SoV+MoE+UoA right off the bat even at 1 billion mcap
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Stabelcoins pegged to USD is sucky and is a temporary solution. Stablecoin pegged to CPI would be eerily similar to Josh Nash’s “Ideal Money”
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“A global currency which is neither inflationary or deflationary and which is tied to a basket of global commodities.”
End of conversation
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