The BTC is Digital Gold analogy always falls short for me. Gold competed with a limited set of elements on the periodic table for SoV. BTC competes against the full universe of possible software designs. Gold can afford to stay static. BTC must evolve or die.
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Replying to @RyanSAdams
You don’t think there’s value in predictability when considering a SoV?
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Replying to @PhilJBonello
Yes, but the value of predictability drops significantly in the medium to long-run.
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Replying to @RyanSAdams
But the perception of predicability is what's important in the short to medium term. I don't want the characteristics of my preferred SoV to change frequently.
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Replying to @PhilJBonello @RyanSAdams
There are fewer than 300 *real* legit protocol engineers. Only so many people can build these things. I think they are probably the most scarce asset.
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Replying to @MustStopMurad @RyanSAdams
Agreed. But what does that have to do with predictability as a feature with respect to SoV?
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Replying to @PhilJBonello @RyanSAdams
Sorry dont know why I commented directly under your thread :) I meant to say the design space isn’t limitless, and at be end of the consensus for SoV will have to be a global choice between <5-10 serious options. I think BTC is a superior SoV to any smart contract platform.
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Replying to @MustStopMurad @PhilJBonello
Say BTC decides to freeze everything tomorrow. No further protocol development. No further BTC ecosystem development. Does your opinion change?
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Bitcoin only needs people at first, and then Central Banks and HNWIs to HODL. That’s it
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