Most cryptocurrency space newcomers and “thought leaders” overestimate Smart Contract platforms and underestimate Bitcoin as the biggest blockchain of the future. People are overapplying SV / SF / VC / Startup ideas and underapplying Sound Money / Austrian economics ideas.
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5/ Use-value in and of itself has never been an crucial characteristic of money. Silver is used in 100 industries, but Gold is used in just a few. And yet, the former is 17B and the latter 7T. Civilization imbued the latter with a monetary premium because it’s harder to inflate
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6/ I also don’t think “which coin gets someone into crypto” matters. Eventually a teenage Mongolian ETH holder will realize that this other coin is more deflationary, secure, decentralized, immutable, irreversible and censorship-resistant.
End of conversation
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How though? On-chain txs should become more expensive in the future. BTC has no explicit finality, so instantaneous cross chain txs seems unlikely. Atomic swaps via LN?
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