And to think, we as an industry wasted years trying to drive adoption of Bitcoin and when we finally succeed - it then magically transforms into digital gold...
https://twitter.com/stripe/status/955878329785053184 …
-
-
Replying to @VinnyLingham
Success just means that you're now faced with a different set of challenges. There are always more challenges.
12 replies 5 retweets 131 likes -
Replying to @lopp
Self inflicted wounds should not be considered a different set of challenges...
10 replies 5 retweets 113 likes -
Replying to @VinnyLingham @lopp
The worst self inflicted wound Bitcoin could have suffered was a belief that it should become an inefficient replacement for a few hundred billion dollar payment industry rather than a replacement for a hundred Trillion dollar savings market.
5 replies 9 retweets 105 likes -
Replying to @real_vijay @lopp
The worse self inflicted wound Bitcoin could have suffered was a belief that its destiny was predetermined and therefore it should over-engineer for an end state, which may or may not transpire.
7 replies 3 retweets 64 likes -
There is NO END STATE There is NO DESTINY This does not have to be THAT ONE SINGLE THING This is TECHNOLOGY and will evolve till infinity. Convergent properties of the system will emerge.
1 reply 2 retweets 3 likes -
Replying to @TheCryptoBee @VinnyLingham and2 replies 1 retweet 2 likes
-
Replying to @TheCryptoBee @VinnyLingham and
Agreed regarding SoV—>MoE—>UoA, but while I do believe Bitcoin could become a great SoV, I don’t think fixed-supply deflationary instruments make for a good MoE let alone UoA. Many believe it will never be stable enough for MoE/UoA.
1 reply 0 retweets 1 like -
Replying to @MustStopMurad @VinnyLingham and
MoE and deflationary nature of currency - what’s the connection? Do you mean people will hold it and not use it to exchange as it is deflationary? Note that BTC is actually not deflationary but rather mildly inflationary.
3 replies 0 retweets 0 likes -
Replying to @TheCryptoBee @VinnyLingham and
If you think of Bitcoin as “product” which needs to perform the “functionalities” of Money - it sucks. Bitcoin has to be 2T+ 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 tiny mcaps...
2 replies 1 retweet 0 likes
...(assuming they are stable)
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.