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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Replying to @MustStopMurad
They are two opposing views of the world. View 1 is to build something that retains value very well and expect people to use it. View 2 is to build something that people use and expect it to retain value. Top down vs bottom up.
3 replies 3 retweets 25 likes -
Replying to @TusharJain_
1/ I think the thing that becomes Money has ALMOST NOTHING to do with amount of dApps it can fuel, and everything to do with inflation and security. It’s simply irrational to store your wealth in something with 4% inflation when something has 0.4% inflation.
2 replies 0 retweets 7 likes -
Replying to @MustStopMurad @TusharJain_
You’re assuming people care about 4% vs .4% inflation at this stage. Why should they? They’re watching their crypto assets move double that amount in a single day. Sometimes a single hour.
1 reply 0 retweets 1 like -
Replying to @RyanSAdams @TusharJain_
This speculation driven by speculators and unsophisticated investors in the markets. I am talking about fundamentals at equilibrium. Will a Japanese Central Bank, a Russian billionaire, or a refugee running from war currently prefer Bitcoin or Ether? Exactly.
1 reply 0 retweets 1 like -
Replying to @MustStopMurad @TusharJain_
100,000 cryptos will be born and die before we reach “equilibrium”
1 reply 0 retweets 0 likes -
Replying to @RyanSAdams @TusharJain_
No, because there are only <300 people in the world who are truly capable of highest-level protocol development. There won't be *anywhere* near that many contenders.
1 reply 0 retweets 3 likes
There are only so many Dominic Williamses, Bram Cohens and Silvio Micali's in the world... =))) these things are not easy to build, let alone do something that's 10x better than Bitcoin. Also, Bitcoin is improving as well.
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