Conversation

Andy Matuschak
@andy_matuschak
Earnestly/naively curious: what are the best first-principles arguments for why Bitcoin should not end up fully superseded by Ethereum? (Please don’t make me regret asking this! This is a truth-seeking q; I have no dog in this fight)
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Eli Dourado
@elidourado
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Replying to @BrantlyMillegan
They have completely given up. The narrative now is “hodl,” as if you could ever change the world by sitting on your hands and literally doing nothing.
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Troy Winfrey
@twinfrey
There is a limited supply of art and strong established value for said art. But there are Picassos as well as Matisses. 1k kinds of coin that stick? Probably not. 3-10? Probably. But like a Van Gogh, the whole trick is when.
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Troy Winfrey
@twinfrey
Replying to
@andy_matuschak
Crypto is not valuable for the reasons crypto people propound. It looks a hell of a lot more like an art market, and did waaay before NFTs. I analyzed crypto arguments, not art market arguments, which is why I didn't buy BTC at $8 though I was interested.
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