@mdudas I have a theory. ETH / other smart contract platforms / dApps are cool and will bring many new people into the crytpocurrency world - but the biggest chunks of that (and other big money) will eventually find itself in Neo-Gold / Sound Money: Bitcoin.
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I have a theory. Bitcoin will be digital gold. Ethereum will capture all other crypto-economic activity. I like to do more with my life than sit on a lump of metal. I need all kinds of other things to make my life enjoyable. That is where Ethereum steps in.
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So you will store 90% of wealth in the gold and 10% of it in the fuel. Utility and access to dApps is not a pre-requisite to the best form of money. Fuel is working capital, you will want to minimize how much of fuel you have, and maximize the gold you have on your balance sheet
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I used to store most of my wealth in Apple, Berkshire Hathaway, SpaceX, Stripe & a few other productive assets. Never bought gold because most vaults are insolvent. Ethereum will describe the world's productive value. That is what I am working on. Still HODLing my 2012 BTC ;)
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Stocks are risky. Bitcoin’s goal is to become low-risk money which appreciates 2% every year. You do realize that Ethereum the platform can facilitate quadrillians in transactions while ETH the token is only worth billions?
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I didn't say that ETH was the asset to hold. You do realize that when you use phrases like "you do realize" you sound irritatingly presumptuous and make it hard for you to change minds. You have so much to learn for someone so book smart.
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I see. Didn't mean to sound presumptuous :) Just debating with people all day who think ETH is a better Gold/SoV than BTC, and thought this was the same battle.
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I don't think anything is better than anything. It is all pretty broken right now. Love BTC. Love ETH. Love any protocol trying to improve people's lives. Want to help with a truly great wallet that normal people can use. Let's keep moving forward :)
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I like the designs of your products man.
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Replying to @MustStopMurad @ricburton and
Appreciate all of these viewpoints, but I'm wondering if you can explain something. As Bitcoin increases in SoV and a POW, noninflationary MoE, won't LN and RSK eventually eliminate ETH altogether as it's less secure, POS, inflationary and basically centralized?
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That’s the best case scenario but admittedly RSK is a shitshow so far
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