And thereby show others "what's possible", and encourage similar disintermediation. This is very interesting. My one question: where is the profit motive, and to who?
For smart contract platform tokens to ever become SoV’s, it neccessitates massive economies being built on top of them. The aforementioned lack of profit motive to build in that economy makes it difficult to imagine why those economies would be massive. What are your thoughts?
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You can check my tweets, I think the store of value narrative is overblown/basically-nonsense.
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What’s the TLDR on why you think so?
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Public key cryptography assumes keys are NOT durable.
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This issue will likely be solved. This isn’t an economic / monetary argument at all... Cryptoassets have all the properties requires of a potential SoV /// Money
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I strongly suspect this problem will be solved by adding custodians, I've thought about it very hard off and on over the last 2-3 years and that's the best I could come up with, the cryptography cannot change.
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I don't want to get into the weeds about what SoV means, cryptoassets are better bank ledgers, they are not better gold. Cryptographic protocols are less durable than paper. Do you remember RC4?
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Do you think we won’t have cryptoassets which reach tens of trillions (in 2018 dollars) in market cap?
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1) Governments can seize gold, bitcoin is unseizable. 2) How do you send gold from Nebraska to Siberia 3) Bitcoin supply growth / stock-to-flow ratio will be lower than gold —> better Store of Value
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