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?
-
-
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)
5 replies 0 retweets 5 likes -
Replying to @alexanderliegl
PoS SC Platforms needs to be valuable (i.e. SoVs) to be secure. How do you think large SC platforms will be secured in the presence of better SoVs? Or will this force them to compete for SoV status?
1 reply 0 retweets 0 likes -
Replying to @MustStopMurad
They'll have to target becoming a SoV with semi-centralized dapps/interfaces providing scalability (they'll be marginally rent-seeking disintermediaries). Otherwise there's always a competitor with linear improvements in scale (eg EOS) that will outcompete on a single metric.
3 replies 0 retweets 1 like -
Replying to @alexanderliegl
Scalability in and of itself isn’t a pre-requisite for Sound Moneypic.twitter.com/UC3P4QYUU4
1 reply 0 retweets 1 like -
Replying to @MustStopMurad
That's not what I'm claiming, quite the opposite actually. This table actually reinforces my point that scalability is a second step (thus not at the foundational protocol layer, but via dapps/interfaces that are semi-centralized)
1 reply 0 retweets 0 likes -
Replying to @alexanderliegl
My question is, how do semi-centralized dApps contribute to their SoVness?
1 reply 0 retweets 0 likes -
Replying to @MustStopMurad
They don’t - but the end goal of SC platforms is usage of the platform’s SCs via consumer interfaces. But if the platform were to try to achieve SoV status, then layer2, not layer1, scalability is required
2 replies 0 retweets 0 likes -
Replying to @alexanderliegl
I agree with your thinking. It will be interesting to see what’s going to happen, because PoS systems needs to be valuable to be secure. And only SoV/Money is going to be extensively valuable in my opinion. This can only happen if PoS is provably more secure than PoW, very tough.
1 reply 0 retweets 0 likes -
Replying to @MustStopMurad
I’m not quite yet grasping your conditional that if valuable then secure. Why isn’t it vice-versa?
1 reply 0 retweets 0 likes
No, I’m saying the opposite. It needs to be secure to be valuable 

Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.