The point I’m making is that blockchain tech reduces the TAM of money due to hyper liquidity. The obvious next question is how powerful is this effect. If it is too powerful, it may not matter whether BTC or stable coins or utility coins like ETH win the money use-case.
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?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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