Right. So I agree that in a world of “Hyperliquidity of Everything”, the SoV component of Money would be gradually reduced. Question is, will it be BTC or a Stablecoin that is better suited to be the aforementioned cash-on-hand?
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(last reply should have been in this thread). Also I know your example is hypothetical, but I don't think people would hold 90% SoV, 10% MoE simply because it's too complex. When it comes to billions of people I think simplicity and UX will trump almost everything else.
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By this thinking Stablecoins are even better than ETH because they are stable, and as such, a superior MoE and UoA & also because ETH would partially disincentivize spending as it keeps growing in value.
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Stability has benefit for sure. I think it's complex though. How much stability will the market forego in favor of potential for value appreciation? Supply inflation is definitely a negative, but mass adoption could far outweigh this. All taken on balance, what will market adopt?
End of conversation
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Network effect of money
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