Hedge Fund managers need to support this agenda otherwise their LPs could simply hodl Bitcoin. It’s about the money, not the technology, and Bitcoin is good enough.
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Replying to @MustStopMurad @jimmysong
that's just not true. there are things we can do *today* on alts such as privacy or smart contracts. Smart contracts are controversial, but you can't deny that privacy is important *today.* Monero is an improvement in my eyes.
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Replying to @cyounessi1 @jimmysong
I see a world with BTC at 10T+ Privacy Coin at 3T+ Stablecoins at 2T+ and a handful of other high sub 1Ts
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Replying to @MustStopMurad @jimmysong
Even though I disagree heavily with the valuations, your numbers easily justify the existence of alt coins competing with BTC and the hedge funds that are seeking these worthy competitors.
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Replying to @cyounessi1 @jimmysong
How would you readjust the valuations?
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Replying to @MustStopMurad @jimmysong
oh i dunno i personally think spending time trying to figure out absolute valuations is a silly game. relative vals. is easier, and i think competing coins with useful features will challenge btc one day
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Replying to @cyounessi1 @jimmysong
Enormous value only accrues to coins that people are willing to hold, i.e. SoVs. To challenge BTC, you need to be an order of magnitude more secure, decentralized and monetarily immutable. These things take precedence over utility, in my opinion. U need SoV properties to get big.
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Do you mean that SOV alone is good enough for Bitcoin to be a success? And that value for exchange can be offered by another coin?
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No, the idea that SoV and MoE will be different coins is the single most absurd and foolish idea pervading this entire industry. SoV+MoE will be the same coin(s).
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If a coin must offer SoV and MoE, do you agree that Bitcoin will never be that coin? Because the high level of scarcity will not permit it to be a real MoE?
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Bitcoin can be MoE, it just needs to be 7T+ and Lightning maturing.
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