Yeah what everyone else said, read this whole thread. Not for the CSW stuff (it's a travesty he still gets attention) but for the rest.https://twitter.com/VitalikButerin/status/981069924255739904 …
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ETH or any other crypto can be just as sound money as BTC. Sound money is simply money that has a purchasing power determined by markets, independent of governments and political parties.
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II understand what you’re saying, but in my opinion, thus far, BTC has shown itself to be significantly more ‘sound’ that ETH.
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BTC superior security, decentralization, censorship-resistance, immutability, better Lindy Effect, better devs and untouchable monetary policy is what makes it a good SoV.
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I’d also argue that inflationary crypto isn’t as sound as fixed-supply.
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It will be used for payments after 15T
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It has nothing to do with technology. It has everything to do with being impossible to print.
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Payments are cool, but it’s biting into Gold and Fiat is what really matters. There will probably only be 1-5 gigantic cryptocurrencies and the #1 will be much bigger than others. For that top Schelling Point, security is everything.
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It will be interesting to see it play out. I do think there's room for more than 1 but I'm not convinced BTC will win in security long-term. Further centralization of PoW mining is inevitable since hardware is controllable.
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