Yes - SoV has strong network effects (the more people agree to it's value, the more valuable it gets), which implies a power law distribution. Thus, inferior + redundant competitors will have all their mcap drained.
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Replying to @alexanderliegl
Exactly. It’s a confidence game + cogntive beauty contest + Schelling Point search. They have to converhe to 1-3 big ones. A big question in many people’s minds is if a Privacy coin winner can carve out 10-20% of the SoV market. Thoughts?
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Replying to @MustStopMurad
I think we might be past the fungibility point with BTC. My bet is on privacy altcoins (XMR, ZEC, GRIN) to make their own market.
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Replying to @alexanderliegl
Also, can you elaborate on "we might be past the fungibility point with BTC"? =)
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Replying to @MustStopMurad
Similar to criticims re ZEC where only very low % of total transactions are z-addresses on both sides, hence discernible due to asymmetry. For BTC, we might be past the point of introducing CTs such that this ZEC criticism won't apply. Also CTs are still impractically big/bloaty.
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Yup. ZEC hopes to achieve mandatory privacy in the next 2-3 years.
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