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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Do governments torture you in order to force you to pay taxes? When there is a choice between revealing your private key or going to jail, most sane people will choose the former.pic.twitter.com/5fdDrb12P6
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With crypto you can pretend you don’t have it (Zcash z-addr key in your head) or give the government private key of a wallet which only has a fraction of your wealth

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1. Governments know about us more than we ourselves. 2. Zcash is neither unstoppable/autonomous/permissionless and not even a bearer asset. 3. True unstoppable/autonomous/permissionless/bearer token should be able to survive nuclear winter, not only the governments.pic.twitter.com/vOwnQHlL7K
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why do you think Zcash is not a bearer asset?
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b/c you never own
$ZEC, you only control the private key with which gives you a permission to write into Zcash database. Once Zcash database is destroyed - you own nothing. Gold and even Eurobonds are bearer assets, most cryptos today are not.pic.twitter.com/aQ4g7sWvwl -
if “nuclear winter” happens or even ECB collapses Eurobonds would be worthless too
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Yeah, but gold and can openers would still have value.
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Would gold have value in that world though? I’d say only things like food, oil, weapons, and legit industrial weapons would have value then... Gold’s industrial use-value isn’t even as extensive as silver or platinum
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Have you ever been robbed? Have you ever robbed someone? https://github.com/ryancdotorg/brainflayer … is easier than picking up a bar of gold. But we are well in the weeds, I don't think you actually disagree with my point.
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I believe security of existing cryptoasset systems or even their spiritual successors will gradually improve, there are way way too many other newfound superior qualities that cryptoassets offer for security *not* to improve.
End of conversation
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