Conversation

Replying to

16) And so going back to BTC _money_ dominance-- Well you have to assign ETH's $40b somewhere, and it given how useful it is you should probably assign it mostly to that: its smart contracts and ecosystem. There just isn't much of that $40b left over to attribute to "money".

2

13

17) So once you strip out all other factors, and utility, you're left with Market Cap as Money. And most projects have already used their valuation on those other things, but not BTC. Because BTC can't do anything else, the $200b is _all_ value as digital money. --------------

4

2

11

18) (SBF again) So, idk, I'm not sure I really believe Maxi here: mostly I think it's just that first movers have a huge advantage, but that there's huge value in improving. But I guess I understand where he's coming from better than I did before, maybe. All of BTC is money.

12

16

19) And I guess it begs a question-- who do we owe our duty to, as a community? Is it to the holders of existing coins? Is it to the users of our future technology? Is it to to builders, or funders, or visionaries, or believers?

35

6

35

Replying to

and

I don't think you heard what @michael_saylor said, and he caught up in the last year alone. Basically people don't want money with a few insiders/coders making econ policy changes, monetary policy whims, security failures, they just want it to not break, to be dependable.

5

11

121

Replying to

and

70% premine is an issue also. And again the security failures. Scalability failures, and dodgy tradeoffs to paper over them. And not standing for anything, just keeps pivoting to colorful overhyped experiments which is fine, but you know there is MMT, QE infinity and fiat too.

6

2

50

Replying to

I'm not sure that you heard what I said. In part that was my point -- that the key advantage of BTC is that it's not a moving target.

4

13

Replying to

and

Bro we love you but how are you only seeing this 3 years in

3

25

Replying to

and

uh tbh I mostly don't think most of the things in this thread :P

2

1

2

Replying to

and

No I got that. I mean how are you only seeing now that this is the argument that the people you disagree with present

1

2

Replying to

and

uh honestly often they're suck dicks that I try not to listen :P

6:29 PM · Sep 22, 2020Twitter Web App

Replying to

1

Replying to

and

Have fun staying poor Sam

3

1

15

Replying to

and

yikes

1

1

21

Show replies

This Tweet was deleted by the Tweet author. Learn more

Bitmaster-kun MMT??

Wait a second

Replying to

As long as the tools can make you more profitable, everything else is rubbish

@Robin__masters

Replying to

once liquidity will be able to flow crosschain as easily as within ethereum, $eth will take over $btc, then $dot will take over $eth etc., just like

took over

@UniswapProtocol

and then the other way around, this is a new paradigm no one fully understands yet