If blockchains don’t enable money, they enable disintermediation. Thus, in a p2p framework, the value flows directly to consumers, closing the previous “rent” arbitrage. Seems like only governance protocols can capture that value migration due to their superadditive nature.
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Replying to @alexanderliegl
what do you mean they don’t enable Money? :D The Reinvention of Money is by far, with an enormous lead, the biggest use case for blockchain tech
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Replying to @MustStopMurad
Those that don’t serve the former use-case serve the latter. Yes haha TAM for money is likely orders of magnitude higher, but that’s not what I’m addressing here.
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Replying to @alexanderliegl
Do you agree that Bitcoin, Privacy coins and Stablecoins are the 3 biggest contenders for the SoV/Money use-case? Do you think Smart contract platform tokens are contenders, or do you merely view them as fuel/working capital?
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Replying to @MustStopMurad
I’m still undecided on the practical implementation/feasibility of stablecoins. Interesting would be a “coinless” UoA settled eg in BTC. SC platforms seem like horizontal AI platforms to me - will be commoditized unless they have SoV functionality (contingent on monetary policy)
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Replying to @alexanderliegl @MustStopMurad
you are like 3 steps ahead of everyone else (seriously)
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He’s playing 4D chess while we’re playing Dominoes
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