Reddit Posts
Mollars ($MOLLARS) ICO | Store of Value ERC-20 | SOV Token for Ethereum Blockchain | Avoid Scams Utilizing The Mollars Name
Hard capped coins vs uncapped coins.
Bitcoin is an inflation hedge and a store of value? What you think it means VS What it really means
in YOUR opinion is Bitcoin...top 5? 10? 15?..... ultimately I see it's a SOV with P2P properties and how about ETH? Can you imagine a list without these at number 1 and 2?
Algorand: Bit of a Deep Dive
I see this as generation Zoomer's chance to buy Bitcoin in 2010. 99.99% of you wouldnt then and wont now. Read on.
Why hasn’t the SOV narrative of BTC played out?
Battle LEET- An upcoming blockchain game from GMR!
Salvadorians can borrow from themselves at 0% interest.
How are we supposed to use BTC as a medium of exchange when every transaction is a taxable event?
Mentions
The amount of capital that caused the market cap of gold to go from 10 trillion to over 30 trillion is something that is unfathomable in crypto or Bitcoin terms. Could they coexist? Sure anything can coexist. But the narrative has been running away from debasement. There is still a lot of unsettled issues with Bitcoin, naamely the security budget dilemma with non existent transaction fees and continued halvings with poor price action. A lot has changed since 2009. We had four halvings for Bitcoin. It has failed as a currency and the narrative now is shifting to SOV, if that fails then the entire idea behind Bitcoin is over.
Developers and VCs often fund wash trading and bot activity to manufacture the appearance of "usage" to lure in retail investors. High user counts can be a mirage created by a few entities rotating funds to juice the stats. You claim only BTC and ETH are "Store of Value" (SOV) assets. However, many "utility" tokens function as productive assets. If a network has superior tech (like faster finality or better privacy) but lower current usage, it represents an asymmetric bet. Investing is about predicting future flow, not just staring at current dashboards. If you only follow current "users," you are just following the herd into the most expensive "casino" tables. True gains come from identifying undervalued tech before the masses (and their bots) arrive.
Or keep buying junk no one uses because you get trick by Reddit comments like this. No one said solely judge, but users are definitely most important metric unless true SOV like BTC and ETH to some degree. People aren't using it, while not being brand new, move on. The majority of all activity of any network & any financial platform people use is always going to be slop and bots. Bots are still humans paying to play. You aren't paying to play on networks with no users. Basic 101 info. Reddit popular opinions will get you killed in this space. Focus on users. Not how many times something gets mentioned here.
Would be a tard to buy L1s people don't use and make no money. Seriously, just open Defilama and look at activity & fees lol. Not hard. SOL & HYPE have issuing and trading cornered. BTC & ETH lead as SOV. All this crap no one uses like Algo, Cardano, XRP, Hbar... pointless. Being manipulated by drowning bag holders running many accounts. Users or out of discussion.
>Been hearing this naysaying for 2 decades No you haven't, it's been a thing only for 17 years and I doubt you even heard about it that long ago. >that don't get it as Bitcoin rose to one of the most valuable assets on earth. Very disconnected to think it just stops here. It did, and I believe it has reached its peak. It can't keep growing infinitely, and definitely won't provide in the future anything near what it did in the past. >When USD goes down it doesn't move back up. Down only. BTC up only zoom out. BTC avoids the problem of dilution of government issued currencies. Why it will continue to dominate. Why it's already risen as a top asset, we have global consensus it's a true SOV, a reserve asset of the US, better ledger for global wealth over shiny metal, and labeled risk off by BlackRock. Governments can't stop over spending. Means they can't stop printing. Bitcoin is the solution, and this solution will eventually reach currency status. More time needed. I'm not saying the USD or any other currency is perfect, but BTC doesn't fix anything. >Not responding to all your wrong assertions on your agenda, but covered most. You would need an agenda to still think Bitcoin hasn't done exactly what it was supposed for 2 decades while asserting the same tired nonsense like it's only for gambling 🤣. We're way past that. Move on. You didn't address anything, you're just spewing moon boy propaganda without understanding anything really. Past performance doesn't guarantee future returns. >I'm surprised many still fall for posts like yours with everything Bitcoin has already accomplished. When you're a hammer everything looks like a nail.
Been hearing this naysaying for 2 decades from those that don't get it as Bitcoin rose to one of the most valuable assets on earth. Very disconnected to think it just stops here. When USD goes down it doesn't move back up. Down only. BTC up only zoom out. BTC avoids the problem of dilution of government issued currencies. Why it will continue to dominate. Why it's already risen as a top asset, we have global consensus it's a true SOV, a reserve asset of the US, and labeled risk off by BlackRock. Governments can't stop over spending. Means they can't stop printing. Bitcoin is the solution, and this solution will eventually reach currency status. More time needed. Not going to open a chart of every garbage currency BTC now acts as a better currency. Lastly, BTC is up since COVID. Likely it falls much lower in short term, and then new highs. How things work, and doesn't change anything stated. Can't help if you can only think in small periods of time. MC does absolutely decrease volatility. Especially as one of the most liquid 24/7 globally traded assets in existence. Yes, you can even use it on your Visa, Cash app, or whatever you need. Institutions will only expand this infra for users. All banks will bank it. The legislation comes first, and much of that structure already happening. Not responding to all your wrong assertions on your agenda, but covered most. You would need an agenda to still think Bitcoin hasn't done exactly what it was supposed for 2 decades while asserting the same tired nonsense like it's only for gambling 🤣. We're way past that. Move on. I'm surprised many still fall for posts like yours with everything Bitcoin has already accomplished.
>The volatility is more than USD, but still better than a lot of currencies. Residents Better than which currencies exactly? >Residents of many countries would see this as superior compared to their existing government issued currency. If you're talking about Venezuela or Iran, they would better save their currency by simply converting their currency instantly to USD, EUR or any other relatively stable currency or stable coins, definitely not BTC. >USD lost half its spending power after COVID. Value only down False. BTC lost around 10% of it's buying power since covis. >BTC only up. Obviously not, it's on a down trend for months, and I believe it's reached the peak. >As MC continues to increase, volatility continues to decrease. That volatility is the cost of admission for Bitcoin as currency during growth stages Again, false. Volatility is the risk of all speculative assets used for gambling, not an admission of BTC as currency. >Bitcoin payment structure already exists Yeah, it's crap. >No one is paying on chain and they don't need to. Just as no one is using cash. They use payment providers. Only you understand what you wanted to write here,none of it makes any sense. > You don't understand assets and Bitcoin enough if you don't recognize it already makes a better SOV than gold. No, you don't understand anything if you think a digital nothing burger is better than a rare metal with thousands of industrial use cases. >It will eventually make a better currency than all fiat. It will never be a good currency because it's too volatile. That's why it isn't used as currency it's used a speculative asset for gambling. >No government issued currency will ever compete with the monetary policies of Bitcoin. We're just not at that stage, yet. BTC doesn't have any monetary policy, read the white paper not the B.S. shill posts you get "Information" from. >Public issued & operated currency > Government issued & operated currency Why? What makes it better? > ^ Reality, but need many more years until the average person realizes this. I've been hearing this for 17 years. There's nothing to understand, it's garbage old tech that will never be used for what it was originally created for. This entire "we're still early narrative" exists only to lure more suckers into buying. >By then, all downsides erased. As will most price upside from growth. Speculation. It could as well fade away into obsolescence as people slowly start to.lose interest. >You get the entry price you deserve. Again, this is not only false, it's also dumb. You can simply choose not to buy at any price.
The volatility is more than USD, but still better than a lot of currencies. Residents of many countries would see this as superior compared to their existing government issued currency. USD lost half its spending power after COVID. Value only down. BTC only up. Stop thinking in days or months. As MC continues to increase, volatility continues to decrease. That volatility is the cost of admission for Bitcoin as currency during growth stages. Once growth is over, there's nothing stopping it as a dominant currency. Bitcoin payment structure already exists. No one is paying on chain and they don't need to. Just as no one is using cash. They use payment providers. You don't understand assets and Bitcoin enough if you don't recognize it already makes a better SOV than gold. It will eventually make a better currency than all fiat. Give it time. No government issued currency will ever compete with the monetary policies of Bitcoin. We're just not at that stage, yet. Public issued & operated currency > Government issued & operated currency ^ Reality, but need many more years until the average person realizes this. By then, all downsides erased. As will most price upside from growth. You get the entry price you deserve.
Can't be diluted if the inflation is going to you. In most setups, it is. Research each design independently. All different, but many similar. Yes, tax can be an issue if you're receiving emissions + revenue as distribution over burns. Not as much as you think, though. Not everyone stakes when they should. Helpful. Less of an issue if you choose to stake on chain. Tax policies will change. Policy makers didn't understand how everything worked. You should only be taxed on revenue distribution. Not on network emissions. Just as you would be taxed on dividends, but not a stock split. Most chains are built to decrease emissions over time. Generally, should eventually target 0-1 percent. We overshot how much would be needed on many chains due to initial security concerns. Now realize emissions can be much lower on new chains. Remember, still a wash if you are the one receiving beyond whatever you report on taxes. Designs like Hyperliquid are likely most optimal. Capped emissions. Only distributes revenue through mechanical buybacks & burn. Almost 100% of all rev. Entirely avoids the tax issue. Something like Solana falls in middle. Inflation with emissions (that goes back to you), and some revenue is burned while other revenue is distributed. Emissions decrease every epoch. Some argue a split is preferable as that makes APY more attractive. They believe buyers are more attracted to APY than an invisible burn. Personally, I appreciate a heavier burn over distribution, but some distribution is fine with me. Lastly, wouldn't recommend attempting to compare the economic design of any L1 to Bitcoin. Bitcoin is a snowflake. It's a true SOV/currency. Does not need rev, but this quality is unique to Bitcoin. Not going to see this repeat. The L1s that try to mimic this all eventually bleed to 0BTC. As they should. Hope this all helps! Good luck!
Utility? The only one with that is an SOV coin, and we all know what it is. Shame I didn’t buy thousands of the fuckers in 2010.
Store of Value is all you need to know. How many folks have a Van Gough or Mona Lisa hanging in their living room? Owning BTC says to the world - I have something of unique value - if I want to trade my Mona Lisa for a Playboy Mansion...for a moment in time my currency is a store of value - or object of affection. The issue with waving dollar bills for a Playboy Mansion...those dollar bills have shown to be a TERRIBLE SOV over the last 100 yrs. ♤♤♤♤♤ Suppose Heff after one of has 7 day parties hung ovah says to you, doesnt want your Mona Lisa painting but says you can have my Playboy Mansion for what ever dollar amount Sotheby's can auction your Mona Lisa! They auctioned off your Mona for 27Million(think Crypto Exchange). Heff who is old school is so happy to have 27Mil(minus Sotheby's 10% comm) but the minute the 24.3Mill hit his bank acct it continues to depreciate...the dollar which is in infinite supply lacks the ability to be a positive Store of Value. ♧♧♧♧♧♧ One who has a unique limited supply store of value asset need not worry whether or not if its utility is currency. There is ALWAYS a Sotheby's out there that will Exchange your Store of Value(BTC) for whatever lesser SOV the other person desires. If Heff had been smart he would have simply accepted your Mona Lisa(one of the highest SOV assets in the world)! When the point of focus is SOV the option to choose any currency you would like...its simple a matter of conversion. ◇◇◇◇◇◇◇ Key takeaway: he who possesses the object with the greatest SOV has the most degrees of freedom to convert to the same or lesser store of value i.e. currency...which is usually more liquid but horrendous SOV.....the currency question is a non issue.
Long-term: Waiting to see if it realizes the original intent Until then: SOV
I think that depends on your definition of adoption. Exposure to btc via etfs takes advantage of finite scarcity of a liquid commodity with proven SOV properties. Essentially storing wealth in a form that can't be debased by monetary policies is a savings vehicle with genuine value, even if its in a more vulnerable derivative. I regard that exploitation of bitcoin a lesser form of adoption but adoption nonetheless because ultimately its a utility of the underlying asset and increases demand. Similarly, gold etfs have increased demand for gold even from people who hold no actual gold.
Bitcoin is a very, very, very promising store of value (SOV). Chainlink is not an SOV, even though technically it could be considered one. But it would take one heck of a black swan event for LINK to be considered an SOV. Maybe if all market makers, and all trading institutions started using LINK to secure realtime data feeds. Are we seeing that? Also, do the developers still hold a massive number of tokens relative to the circulating supply? Check, yes, they do.
You led your wall of text comment with it so I figured it was prudent to ask before dedicating any effort into reading and responding to anything else. >The objective of fiat is to minimize unemployment. That may not be the right objective for different individuals. Mmm, I'd argue the more general objective of fiat is to absorb economic shocks by fully abstracting out the concept of value from any arbitrary concrete resource. The given short term goal of central bankers can be minimizing unemployment, but sometimes it isn't (e.g. the Volcker years). >In US, ppl hide wealth in stock market. In China, ppl hide wealth in real estate. Their objective is to escape the fiat’s mandate of debasement until stabilizing unemployment. It's a little strange to characterize investment as "hiding wealth." Most of the wealth throughout history has been "hidden" (i.e. invested) in less liquid, more productive assets, whether or not the peoples of the time recognized the meanings of those terms. Different assets *should* have different purposes in a portfolio. As an asset, cash is only "cash" if things are priced in it and those prices remain stable and not very volatile. (Which is why Bitcoin and cryptos are not "cash".) >That said, it doesn’t mean you can’t create scarce and decentralized assets to escape fiat debasement. If coordination works out correctly, the digital is a better “SOV/money” for them because the asset is not encumbered with the social contract behind fiat. I don't really have a problem with "scarce and decentralized (digital) assets to escape fiat debasement." I think it makes sense to look at cryptocurrencies from a productive standpoint rather than a monetary one, because cryptocurrencies are, fundamentally, decentralized cloud computing networks, and a given network's native coin can be valued by how economically productive the network is. But that's also why I don't see cryptocurrency as being fundamentally "good money" or "good currency" anymore than stock shares or corporate bonds would be. Fundamentally, every form of money derives its value from a basic promise that you can exchange it for something of value. For the USD, the root source of value is the strength and stability and diversity of the US government and the economy over which it presides. For Bitcoin, that root source of value is -- *\*drumroll\** -- cloud-based transaction processing. To me, that makes no sense as a basis for a currency. Even with newer cryptocurrencies, you're still talking about cloud computing networks. Far more generalizable and "valuable" than a simple transaction processing network like Bitcoin, but still incredibly specialized labor that can be directly competed with. It's like if AWS issued "gift points" that represented hourly increments of AWS compute time. Does that make sense to use as a currency?
You have no nuance in what you are saying. Every good economists should know, an optimal design is a function of the objective function. There is a social contract between govts and society at large to devalue currencies to target low unemployment levels. Unemployment level spikes can be structural, e.g. search friction driven, or cyclical, e.g. recessions. Currency devaluation can stimulate activities to drive these spikes down. The objective of fiat is to minimize unemployment. That may not be the right objective for different individuals. In US, ppl hide wealth in stock market. In China, ppl hide wealth in real estate. Their objective is to escape the fiat’s mandate of debasement until stabilizing unemployment. Crypto has its own moral hazard problems. Most are even shittier than fiat, in conflict of interest between issuers and holders. For example, dev team often want to debase their tokens to draw liquidity to keep their zombie company alive. That said, it doesn’t mean you can’t create scarce and decentralized assets to escape fiat debasement. If coordination works out correctly, the digital is a better “SOV/money” for them because the asset is not encumbered with the social contract behind fiat.
It's not been expensive on layer 1 for a while now, and FINAL settlement is far quicker than the banks. Layer 2 is fine for smaller payments (though could still be slicker). SOV comes first with new forms of money, but medium of exchange should also be the aim. Day to day utility is important longer term.
Yes, and can go much lower too. It's also going to 10x. Get excited for the gifts the market provides. Things don't go straight up and more than 50% corrections are standard. All major assets have large corrections. Meta recently crashed 75% before 8xing. This is how markets work. Designed to shake you out. That doesn't mean we will see as large pullbacks in this bear, but all these numbers are possible. DCA on the crashes and be happy you get better buys. Only L1s people still use: - Bitcoin - Ethereum - Solana - Hyperliquid Of those only BTC is valued as a true SOV and Solana & Hyperliquid are scaling revenue with Hyperliquid currently bringing insane rev back to investors. Position accordingly.
> Because we have global consensus Bitcoin is money/SOV. Come on, we have consensus **among users of crypto** that Bitcoin is money, but that is not global consensus by any means, crypto users are still small. And even then, it's a pretty shaky consensus. > Tech advantage from other chains irrelevant. It's not the tech advantage other coins have, it is the **tech disadvantage** bitcoin has. When the block reward runs out, bitcoin will easily be vulnerable to double spending attacks. Many other proof of work blockchains like Monero or Ethereum classic have been attacked before. So once the technological disadvantages of bitcoin become apparent, the consensus will have to change. It's no different from fiat money vs cryptocurrency, bitcoin, just like fiat, has fundamental design flaws that will doom it. > Sooner you realize this the better. The future is a big place and bitcoin hasn't won yet.
Because we have global consensus Bitcoin is money/SOV. Tech advantage from other chains irrelevant. You can't easily replicate the world deciding something should be valued as a true SOV like gold & Bitcoin. You definitely can't force it. We have nearly 2 decades of proof on this. This isn't Myspace vs Facebook. If tech mattered more, Solana & SUI would already be worth more than BTC. They aren't. They are tech plays. Not currency. Same goes for every other smart contract platform that uses finance based activity as the support of price appreciation. Every other L1 coin is rev or bust. They need monetizable activity. Sooner you realize this the better.
What benefit do I get buying your XRP bags? What does the asset do for me? - Does it distribute network revenue to me? - Does it buyback burn from revenue making price appreciate? - Does the world use it as a currency and SOV like USD, Gold and Bitcoin which causes more scarcity? - Am I an owner of Ripple and their revenue? Explain how I'm going to make money buying the asset from you beyond needing to find someone else willing to pay more for it than I did.
Bitcoin as a SOV/currency and all assets eventually become tokens. Bitcoin wins as the best SOV eventually overtaking gold. The execution layer that issues and trades all assets is worth trillions. Not complex, but most still think crypto is trying to compete with USD. Everything is eventually crypto. Everything is a token. Doesn't mean you invest in any token. A token is simply ownership over something else. That something else better have good value appreciation properties. If all it does is act as a currency it better be Bitcoin or tokenized government issued currency.
People are so obsessed with cycles. Yes, all assets tend to follow 4 year economic cycles on performance. Not just l1s. All that means is you reduce some exposure by taking profits when things are doing well and buy back as they drop lower. Nothing is ever over if the asset is Bitcoin, any L1 with real activity & scalable revenue, or any company with scalable revenue. Buy low. Sell high. Stop fearing whatever the current boogeyman narrative is unless the asset isn't backed by users and acts more like a meme. Those meme like assets with 0 users actually have no fundamental reason to go back up. That should scare you. Bitcoin is the only publicly managed currency that gets a pass on this, because the world actually values it as currency/SOV. XRP, HBAR, ADA and all the other 0 user stuff this sub holds doesn't get the same privilege.
Huh? It's just like BTC in its early stages genius 😂. A volatile potential SOV with large upside potential. Except kaspa can actually be used! What do you mean you'll spare me the comparison? You mean you don't know anything about it right? Your snark/coherent argument ratio is very poor
Kaspa is still in development and in its early speculative phase. Obviously it's not about to be used by the masses bud 😂 (although, unlike BTC, it is actually already able to handle that amount of traffic). Most people still don't even understand BTC, they just think it's magic Internet money that people could make more of anytime they want. Once many more people understand what makes BTC valuable (its hard money properties: scarcity, divisibility, transportability, etc.), and then they see its shortcomings (massive fees/transaction delays).... Then they can see how KAS fixes this. KAS has all of BTC's hard money properties but is infinitely more scalable. At this stage, the utility is being a SOV with low fees and high upwards potential given its technological potential. If you want to stare at something tangible like a shiny rock go buy gold at ATHs
This whole time I didn’t know they didn’t support Bitcoin. I haven’t held Bitcoin since 2020 lol. Now I’m so happy I found my own SOV with spx6900. 🥰🤗
Initially: Money laundering It has become a legit SOV given that initial use case and sustained speculative hype... but I would not reasonably expect *any* other crypto project to. Which means "investors" should focus on projects with real-world business cases --and a real go-to-market strategy or strategic partners.
LTC/USDT is used more in digital marketplaces such as cs2 and roblox. BTC is more of an SOV than a spendable currency.
Yes, gold breaking its all-time highs is very bullish for crypto since it’s a better SOV. We’ll see the effects of this soon. But here’s the kicker - people have to be very selective this cycle, not everything will send like in previous cycles.
The point on superior liquidity overriding the SOV thesis on a short-term basis is key. That divergence between short-term behavior and the long-term call-option bias by institutions is what truly makes those sell-offs the buying opportunity.
It's modern gold in its scarcity and SOV compared to fiat. Derivatives are the problem.
QNT is my new SOV !
Hard to explain briefly but I’ll try. Lots of paper Bitcoin will float around if Bitcoin is only used as a store of value. Technically the Bitcoin blockchain will always have a 21million cap. But if Bitcoin has massive success as SOV only then that means most people will invest in etfs and treasuries. Most peolole will not self custody. The etfs/treasuries will issue IOUs for bitcoin. They will give out more bitcoin than they actually own and we will not be able to audit them. But if it’s used as a medium of exchange then people will self custody and verify the amount they own directly on the blockchain.
Yea but I’m pretty sure some already show proof and others dont. I think gold has this exact issue. Ive heard convincing arguments that bitcoin has to be both an SOV and medium of exchange to survive. I’ll likely sell if it becomes SOV only.
No one can predict the future. That said, research bitcoin as a store of value (SOV) compared to other sovs. Total wealth sov is estimated at ~$300T and bitcoin $2T, so it has significant opportunity for growth before it reaches its place in this market.
Everyone should aim for atleadt 1 btc. With time, this goal be difficult because of price & less supply. More & more people would use it as SOV in future.
Nope, the people who run the world want everyone on the blockchain. It’s the superior form of SOV, a national reserve, and P2P payments. The higher powers are here to turn this into the biggest emerging market and the wealthy will get even wealthier in the process. It’s funny because every cycle there’s always a side claiming crypto will surely fail, yet the market just keeps getting bigger and continuously growing.
People will come to realize that one of the central (and very few) use cases of crypto is the creation of new assets/SOV on-chain. And they'll come to realize also that most of the other use cases are a solution in search of a problem
It's an interesting perspective, but I could make the opposite argument. As coin have their value derived entirely by their community (driving supply and demand) a memecoin which has extended multichain (eg SPX6900, present on ETH, SOL, BASE, SUI) is arguably better and more resilient than any of the underlying chains. I'm an ETH holder since 2017, but I must admit that the discussion about ETH moneyness (and ETH as a store of value) is still very open. It's true that there have been numerous way in which eth has been monetized during the years, but I can see a more direct path to SOV for organic memecoins than for any L1 (especially the n+1 L1)
I dont understand WHY it NEEDS to be a currency..its doing its job fine..keeping my earned value away from government control.. if I need to spend..ill hop from btc to USD or any currency and spend..lightning is clunky..I even run a LND node..but bitcoin is GREAT as a SOV. And it should be left as auch
I agree if we are assuming it ONLY absorbs golds value. Real estate is also a huge SOV that people use, holding around $130 trillion of investment, and real estate has costs associated with it like taxes and repairs etc, where Bitcoin doesn't. Also, real estate has poor liquidity, is non transportable and can be destroyed by natural disasters etc. So if, like many envision it could do, Bitcoin starts to eat into the real estate piece of the pie, it could hit incredible numbers, especially if the supply on exchanges continues to fall as fast as it has over the last few years. Of course no one knows for sure, but it is looking more and more likely to me that we are heading towards the mother of all supply shocks over the next year or so. One last word, never sell your Bitcoin unless you are in dire straights, and always hold your Bitcoin in cold storage.
Assuming it only absorbs golds value. Real estate is also a huge SOV that people use, holding around $130 trillion of investment, and real estate has costs associated with it like taxes and repairs etc, where Bitcoin doesn't. Also, real estate has poor liquidity, is non transportable and can be destroyed by natural disasters etc. So if, like many envision it could do, Bitcoin starts to eat into the real estate piece of the pie, it could hit incredible numbers, especially if the supply on exchanges continues to fall as fast as it has over the last few years. Of course no one knows for sure, but it is looking more and more likely to me that we are heading towards the mother of all supply shocks of the next year or so. One last work, never sell your Bitcoin unless you are in dire straights, and always hold your Bitcoin in cold storage.
The argument with BTC tho is most of the billionaires buy real estate as a store of value but in reality it’s a worse SOV than BTC. Thus why Micheal Saylor is convinced it goes to $20M a coin….
Is this serious? There’s no alternatives proposed. Complaint about 21M. But what’s the alternative? It had to be something. And if there is no set amount, it starts to defeat the precepts of a money supply or even a SOV argument (arguably a set inflation would still work for SOV, but for money it would likely fail long term). I could do this for each complaint but doesn’t seem worth it as the OP doesn’t seem to be earnestly defending the post. If there are some serious arguments will someone let me know?
I think it will replace both. The same way that smart phones didn’t just replace phones.. they replaced calendars, calculators, cameras, mailboxes, areas for social interaction, the list goes on. Now another point I want to add.. bitcoin might replace gold and not the dollar for you. But for a lot of maxi’s it already replaced most of SOV of gold and fiat use in their life. You don’t need the whole world to adopt this new system, you can adopt it and still benefit from it. Sure some of the benefits will be more beneficial when more join the network.. but you don’t need to wait for the world to join! It’s like when any new technology comes out. Forget what the world does.. what will you do? :-)
You're right about bitcoin maxis, I don't understand why blockchain as a world computer matters. Since 2017 I've never been able to grasp why anyone would want to hold ETH. The only alt I've taken any interest in is Monero, and I still don't own any because BTC is the better SOV. I like XMR in theory since it can't be mined on ASICs anyone can mine it on a normal PC with an integrated node/miner/wallet. It seems elegant/decentralised/private.
Of course it will flip BTC, but it may take a year or so. Ethereum has all the SOV traits of BTC, such as decentralization, permission-less, and censorship resistance. And on top of this, it actually has utility and you can use it. The only useful think I can think of with BTC Is bridging it to Ethereum to use it as collateral on AAVE. But if you were to do that, why even have WBTC or CBBTC? You would just swap it for ETH once you realize how useless it is.
BTC, SOL, HYPE is all you need right now. It's what everyone uses and generates all revenue. Defilama shows which chains produce most revenue for investors and builders. Of leaders, only SOL & HYPE can continue to scale rev with more adoption (activity). Rev is the guaranteed buyer of the asset and or reason to buy the asset for more than someone else paid. ETH was a recent good hold until ATH. Now rotate whatever captures web3 value and scales. Can include Coinbase & Robinhood since they will capture majority of ETHs future revenue until Ethereum scales. All other L1s are mostly garbage except SUI. Especially the vaporware this sub pushes that no one uses. Everything stated is painfully obvious if you simply use Web3 full time. Should be the first thing you do. Not ask Reddit. Especially this sub. Majority is wrong. Very wrong here. Follow rev & activity. Use BTC as the world's best SOV (savings). Ignore the noise. Ignore the massive tribal misinformation (difficult at first). Buy dips. Take profits. Whatever captures majority Web3 is a trillion dollar asset. SOL currently sits at 100b. Pay attention to Ethereum's scaling timeline. That's it.
Ethereum is the "TVL" chain, just as Bitcoin is the "SOV" chain. This Ethereum pump is smart money trapping retail once again. It's ALWAYS the same. Retail buys the top, woooo we go to 10k+. Reality is we probably won't. Institutions and treasuries are not "real" adoption BTW. Yes Eth price will probably pump, TVL will go up. But most new users will still be going to Solana, most dapps will at least support Solana, most defi activity will happen there. Damn, the second "surprise" of the cycle, Hyperliquid, has it's own chain too, doesn't run an L2. So, top 2 dapps this cycle are Pumpfun and Hyperliquid, none on Ethereum. IDK, maybe it's my obvious bias, but I really don't trust this pump.
It's possible there is never a switch over to BTC being a currency but only a SOV. I'd actually say this is more likely than a future where it becomes a MOE
ETH is a better SOV than BTC ETH is a better SOV than BTC ETH is a better SOV than BTC ETH is a better SOV than BTC ETH is a better SOV than BTC DYOR
DAE think the gold tariffs thing is less about pressuring 🇨🇭 and more about making bitcoin a more viable alternative SOV?? Or am I way off?
Enriching the shareholders of Ripple through never ending dumping of an asset that is connected to a product no one uses, no one issues on, and offers nothing to the world. You don't hold L1 assets that aren't backed by revenue. Without revenue there's no reason for anyone to buy the asset from you. The selling of the asset itself becomes the revenue for Ripple. Hence why they can only sell it long term. Ripple shares > XRP ETH > XRP Ownership of companies running Ethereum L2s > ETH Always follow the revenue unless something has reached consensus as a SOV like Bitcoin & Gold. Everything is a token. Including Nvidia on Solana. Just because something is a token doesn't mean you drop the fundamental reasons of why you should own something. We buy Nvidia tokens because the company's revenue is transferred back to investors. The owners. Nothing that returns value back to investors is owned by holding XRP. Revenue or bust.
Yes it's real lol. The market is worth trillions of dollars. These are real assets being traded with all other global assets 24/7. That includes USD and tokenized USD (USDC). You can trade everything from L1 coins like Solana to tokenized stocks like the S&P 500 & Nvidia. Everything in the world is becoming a token on chain. Everyone in the world can own or trade any token for any other token which again includes USD. If you want to spend these assets you can send them to an exchange/broker like Coinbase or Robinhood to withdraw the value to a traditional savings account or you can even load up a Visa/MasterCard debit card to spend without first moving back to your bank. Also, many merchants already accept any crypto as direct payment without any of this while leveraging merchant services provided by financial institutions like Coinbase. It's all money like. It can all be used as currency even if not designed to be a currency. It never stops trading. Some of these assets like BTC are already reserve assets of the United States. Visa already uses USDC on chains like Solana to facilitate global transactions when their users have no idea. It couldn't be more "real" and if you want to open your own on-chain trades, with leverage, you can use platforms like Hyperliquid. Though, I suggest you start by investing. Avoid debt based trades. Spend a few years learning how to invest before taking on high risk trades or be prepared to trade your way to 0. You are very late to this financial shift, but good on you for getting curious! Tip if you invest: Just like the stock market, you invest in assets that generate revenue. Revenue or bust. Revenue is what creates price appreciation and acts as a guaranteed buyer of your asset. You need this if you want number to keep going up long term. Only exceptions are things that the world has agreed is a true SOV like Bitcoin or Gold. No other digital asset competes as a SOV or currency unless it's literally tokenized fiat or tokenized gold. Use defilama to see which assets earn the most revenue.
You are absolutely correct, don't get psyoped by blockchain illiterate bitcoin holders They cannot refute the point you just made; Bitcoin is a worse SOV than ETH, for so many reasons
Meme coins run. GameStop ran to super human levels going from 200M to 25B. This does not change XRP fundamentals or place it anywhere near the same universe as BTC or even ETH. No users, no revenue, constant selling from issuer. Not SOV. Simple math. You can take profits on BTC, but you know it'll eventually just hit a new high as the dominant SOV. If you don't take profits on a meme you've earned a round trip ticket. Most will learn the hard way. The XRP round trip ticket holders are future BTC maxis. Happens all the time and everyone holding the unrealized gains fights common sense until there is nothing left to realize and drowning in opportunity costs.
People don't seem to understand that any asset has a variable ratio of intrinsic to speculative value. Gold is like 90+% speculative, so I say to people that say bitcoin has no intrinsic value, so what? That's normal for SOV assets.
I don't think so, if there is an old SOV asset that exists, chances are there is a fund manager fractionalizing it meaning the minimum buy in to get most of the upside is significantly smaller than the underlying asset.
Simply by being superior to all other SOV assets. It is extremely efficient for that purpose.
Vere critiche al BTC io non ne vedo. Come superficie di attacco, c'è quella informatica e quella politica. La prima è molto tecnica, ed è impossibile, per me, entrare nel merito. La seconda è forse il rischio che non se se è statao del tutto superato, ma diciamo che lo sdoganamento fatto da Trump ha aiutatao a dare legittimità a BTC. Ma io punterei di più sul fatto che diventi SOV (store of value) e non moneta.
Yeah, it's getting baked in on Solana and Ethereum. Solana has had limited ZK token issuance capabilities for some time and the framework for this tech is shipping as we speak. Won't be long until the native coin and whatever tokens wanting to leverage ZK proofs on the base layer actually start deploying. Privacy on major L1s isn't being ignored. At least the ones that matter. After that, I would have no reason to lock my value into something that acts as a poor SOV and terrible currency. Wouldn't make any sense if all I need is privacy.
Retail is no longer buying, and the shilling gets weaker by the day. It'll only a take a "treasury" company imploding, or a MSTR lawsuit materializing, or some global crisis to set on a massive dump. The exit gates are gonna be flooded due to the network's low capacity, dumping the price harder and harder, and the security budget issue will start rearing its ugly head, resulting in a possible attack. OGs will only accelerate their dumping, realizing the SOV narrative is over. It'll be a colossal dump, not a slow decline.
Bitcoin SOV, memes can go up short term but always bleed against earners long term. Revenue is king. Activity is revenue. Revenue or bust. Not sure why this is so hard for crypto holders to understand. I think they see a meme go up for longer than expected all of a sudden guaranteed buyers don't matter. Highest revenue in web 3: - Coinbase - Solana - Hyperliquid - Ethereum (User revenue now goes to Coinbase and soon Robinhood. Needs to scale to scale revenue.)
It was never *very* useful, though at least it had the intention of becoming so before the SOV narrative took over.
Yeah it's pointless why use the networks nobody is on. Who is so rich yet dumb that why have 100mil to waste . Technically it's not vaporware though Litecoin has been running for long time. But there is no reason to use it .. All the currency utility is on stables and Monero . BTC =SOV. , eth = smart contracts . Everything else is garbage
Someone else there is griping about how BTC was “advertised” as a p2p cash, now it’s “advertised” as a SOV. Yeah, we’ll have to fire that marketing intern.
Bitcoin will drop with the panic and recover faster than other assets. Any SOV does well when securities suffer, but that doesn't mean they are excluded from the first move down. The faster you learn BTC is your savings the less you care about any of this. Once you change your mindset, you'll make a lot more money. Stop trying to trade all your BTC. Trade securities and L1s with revenue. Move your profits to BTC. You'll experience much more savings growth than the S&P or tbills until Bitcoin overtakes gold as the dominant SOV. You don't need to be some diehard to just hold. It's anyone that recognizes USD only goes down, and gold is now an antiquated method of measuring the world's wealth. Save in BTC or continue to watch your savings bleed in the long term. Governments never stop printing. Everything is just noise as always. A diehard is someone that holds over 90% of their wealth in BTC while still not caring about any move. Many here fit that definition because many just keep holding as BTC consumes their portfolio by always moving up, and they don't take the time to rebalance.
🤣 They'll keep bleeding money. The highest revenue assets move up in value because the token is ownership over the revenue or the revenue is used as a guaranteed buyer of the asset. This makes number go up. No one serious buys alt L1s coins (Hype, Sol, etc) because they believe it'll be adopted as a currency lol. It's revenue or bust. Otherwise, enjoy watching that chart bleed out. We aren't buying your bags for no reason. Only BTC gets the privilege as a SOV. Shouldn't be difficult to understand.
I don't care what the majority think. 99% of everyone didn't buy BTC when they should have. I care about fundamentals. That allows for things like Hyperliquid to have more volume than Robin Hood which means more revenue and number go up. I care what the asset is, classing it, determining value based on what the ownership provides. That's how you invest. If you can't even identify the mechanisms of value for each token then you shouldn't be investing. If you think crypto are just tokens that just compete with USD you are in the dumb majority. I'm not here to buy things on the hope someone buys from me for more money. Revenue or bust. Guaranteed buyers and or guaranteed value capture or bust. You can't even gauge risk exposure when you have no idea which assets to be exposed to, and why. Learn the fundamentals of each token or you are retail, and I expect you to lose money buying things like ADA with 0 revenue or any other meme or vaporware. BTC is a true SOV. The only exception. L1s compete for execution revenue. Protocols compete for app revenue. Their tokens should represent ownership over that revenue. Everything else needs to be judged by the underlying ownership like gold, securities, debt, commodities, etc. Crypto is ANY asset class, but the majority still thinks like you. That's opportunity.
Bro, you all there? I just listed all different types of classes. You don't value Zeus as you would BTC. You don't value publicity managed web 3 equity like SOL as you would BTC. You don't value tokenized securities like bTSLA as you would BTC. You don't value indexes like JLP as you would BTC. You don't value tokenized fiat like USDC as you would BTC. You don't value LSTs as you would BTC. You don't value tokenized ownership of rev producing protocols as you would BTC. You can sort of value tokenized gold like XAUt as you would BTC. Could keep listing. Everything is getting tokenized. Everything falls into its own class. There are 4-5 major different asset classes already in crypto. Everything from HYPE to Link to XAUt is ownership of some mechanism of value or underlying asset with its own mechanism of value or commodity / commodity like. Even memes have their own category. If you think crypto is still just tokens competing with fiat or anyone serious buys SOL because they think people will one day purchase candy bars with it you're completely clueless to the fundamentals of each digital asset. Learn the space. It's all right in front of you. There are hundreds of billions of dollars of RWA's tokenized right now with massive trading and rev across different chains and protocols. There are rev backed assets from decentralized networks/protocols that act like decentralized securities, securities, derivatives, and literally tokenized US debt. The only token that absolutely offers nothing beyond a SOV, that's still relevant, is BTC. Every other token gets valued and classed individually based on the ownership that token provides. If you still think all crypto is a competitor to fiat you have no idea what is going on. If you don't think we already track rev where applicable I have no idea how you're even making money trading. Every asset on earth is speculative. Have you learned nothing posting all day? Crypto is just a word for digital assets. The assets can literally be anything. Like they are at this very moment. As exampled 😂 Assets on chain > Assets off chain. Crypto = digital asset of any type.
It's used by over 2 million in Canada alone. I'd say that's well used and not just a SOV.
Not all coins are aiming to be p2p/SOV aka 'money' And by beating BTC you mean having a higher hash rate? Without going into discussion which is better, POW or POS, if someone thinks POS is superior, why would he even try to launch a POW coin and compete with BTC I do get your point that it's easier to launch a POS coin in terms of security, but a a large percentage of crypto community likes POS better than POW In my opinion, both protocols have positive and negative aspects and not all coins need to use a single protocol
The "store of value" part is still subjective. If it's an SOV, it's also money. Bitcoin is not money. It's a digital ledger that can function as money. (A statement I fully agree with btw.)
OP I get your point But your examples of successful chains is like 2 blockchains in total and one of them is Ethereum And if you think Solana is good example, wait till regulation is enforced globally. Solana is mostly used for shitcoin gambling And the glorious stablecoins you mention. Who is using them and for what? And the anwser better not be trading and yield farming. Why should I use any stable coin? I can send fiat and get pretty decent yield in traditional markets. We've seen a lot of scandals with stable coins and I wouldn't suggest anyone to hold significant amount in them So I can ask you the same thing. Why would you invest in any any coin which isn't BTC or ETH? And even BTC isn't really used as most of the supply is just being holded. We can argie whether holding and SOV is the usecase all day but by your logic, no one should invest in anything crypto related
Re Nano It's a perfect p2p coin And it's not just instant and feelees. It's has low energy consumption and this will be a big topic in the future. I mean it already is and I don't think many even want to know how much energy BTC uses. Although I love BTC, this might really become a huge issue, especially if the price keeps rising Besides that, it's non inflationary in terms of issuing new coins. So it can be a good SOV if people accept it. I mean why hold a stable coin when you are getting diluted. Isn't this why crypto emerged in the forst place And sure, Nano may fade away same as any other alt but I would rather support something that makes sense and is needed than shitcoins just cause the price goes up. Don't get me wrong, I am here also for the profit but I'm well diversified so I have several coins which I buy solely for their fundamentals
I can’t believe he would risk that much money (sorry SOV, BTC will never be money) not understanding every exchange will just hunt his longs down. They’ve done it for much less.
Do you think it has failed at its original intention of p2p exchange? It does seem to function much better in the SOV category.
Bitcoin as SOV > cross-border payments, no need for a 3rd party to process You want to create a bank to facilitate cross border payments (from Party A to Party B) with "no need for a third party"? What do you think "third party" means?
I mean monetization takes 100 years. Bitcoin is in the store of value phase. This phase makes people want to hold a money becuase they know it is will gain valu into the future. Once enough people hold the money, people, stores and business will slowly start to accept it for payment. And it'll be cheaper for stores to accept than credit cards, so there is incentive there as well. Then, once enough people use it as money, it can become the unit of account. Monetization MUST go in that order (SOV-MOE-UOA) and we have decades still to go. This is why other "crypto" will never be money and Bitcoin still can. Nothing is a guarantee but Bitcoin is well on its way and ahead of schedule Cheers
Dream all you want, I’m a realist. BTC is a SOV until it isn’t. The whole concept of what BTC is and should be is lost on most people. People cheer on big institutional buys, ETFs, derivatives/futures, etc. without people realizing that the exact opposite of the original “dream”.
None. There will only ever be 21M coins. That's a very strong buying point. Strong SOV point. You can't make this shit up. People don't want to believe this, but BTC will always be top dog. There...is...NO...and there will...be...NO...next BTC. EVER. People don't understand that. And it's they that will lose out. K.I.S.S. principle comes into play here. Simple stuff. Keep It Simple Stupid, always wins in the end...even with the sharemarket. People try to be smart and end up looking really dumb.
Don't confuse currency with money Bitcoin is money Emerging monies have tremendous upside at first. This is how monetization takes place; People need to ALL WANT to hold the money, or it can never be a medium of exchange. Value makes people WANT to hold the money/asset. Then once it's popular enough, it starts becoming a medium of exchange. Then finally, things get priced in said money. SOV > MOE > UOA and you simply cannot do this any other way. People who think BTC failed because it's not used as money are literal regards. Do not listen to them. They know nothing about monetization.
> BTC maxi I am actually not a BTC maxi. I've said many times most people are better off never touching crypto because from what I've seen most people tend to lose money on crypto. Again and again. Even with BTC, people can't handle the volatility and end up losing money a lot of the time. I love XMR but about 5 years ago realized it's not really an investment. I made 25X with another Alt in 2017/18 but like most people who do that in short time frames, it's mostly luck than any type of skill. > BTC is the only crypto worth investing in right now? I am sure there are a dozen coins right now that are going to outperform BTC short term. But it's essentially gambling picking the right coin from thousands and then timing it right. They are not investments. BTC is an investment. ETH is also an investment but I don't think it's a good investment. I was very open minded to ETH for years and spend most my time warning against outright scams but in recent years I've focused on criticizing ETH because people keep parroting the same disingenuous investment thesis for ETH while driving people to losses. > BTC's value proposition is? A diversifier asset and store of value. BTC is like gold but doesn't follow gold. It's a competitor to gold. An asset class onto itself whose correlation to the markets is entirely different -- high correlation to the stock market until it makes big movements with then you see negative correlation in short periods. This doesn't mean BTC performance is guaranteed but Money/Value is just a social construct and we are increasingly seeing the BTC is digital gold narrative being repeated by everyone in the financial news media, by the Fed Chair Jerome Powell, influential legends in investing like Ray Dalio and billionaire after billionaire. > condemning any use case of blockchain beyond a single SOV asset XMR has a great use case and utility. It's used every day. I just condemn disingenuous narratives and use cases like DeFi, Oracles, Compute, Storage, AI, Cloud, etc. Along with BTC, Stablecoins have become crypto's killer use case with competing networks as rails. But that doesn't make these network tokens good investments. They will need to remain cheap to compete with each other for usage. None of these network tokens are valued based on utility. ETH was like $500 Billion marketcap at one time. The performance was not based on utility but purely on speculation and the BTC bullrun profits and other speculative capital to ETH along with a massively leveraged ETH with MakerDAO/DAI in 2021. There is no indication that ETH can attract the kind of capital from institutions to drive it to multi-trillion marketcap asset.
Very valid analysis. You've got me trying to guestimate volume on TTTXX right now. My quick thoughts are that a money market fund like this typically doesn't need HFT because it's not trading on volatility as much. Truth be told though I know fuck all about trading T-Bills. The other thing is that any use is good use. Tokenizing assets is a good thing for Eth whether or not it brings in huge gas fees. I'm not a price speculator but while I agree with you it's not paradigm changing it sure feels like this is good news for Eth. I've read some of your posts and you do seem to have a lot of insight but also seem like a BTC maxi. I've got two questions if you'd indulge me, Do you think BTC is the only crypto worth investing in right now? Also what do you think BTC's value proposition is? Genuinely curious because you seem like a smart guy and it's really rare to get insight in this sub anymore, as evidenced by the other replies to your comment. I hold BTC but don't consider myself a maxi, it feels like BTC maximalism is condemning any use case of blockchain beyond a single SOV asset, do you feel that way?
I didn't say I want to resist anything Mr Rebel lol But it is a resistance SOV that's why it's valuable and it will be an SOV well before commonly used as an MoE. We are seeing an adoption arc that fundamentally makes sense at current juncture, what it looks like in 2 decades is anyone's guess but I personally don't sell rapidly ascending assets ;)
It was an MOE already... it's only a SOV now because it failed as money due to its physical nature.
I'm not saying gold can become a MOE. I'm saying its value is a SOV.
You are not even in the lobby of the rabbit hole sir. Its a start though You cannot have MOE without SOV first, and neither could gold. I'm not sure how thing gold became money in the first place. As if we all decided to trade it suddenly.
Bitcoin is starting to have smart contract capabilities, so ETH is not so special anymore. Also, crypto money flows more to BTC based on the SOV narrative.
This is how monetization **HAS TO** work. 1. Store of value (SOV): People must want to hold the money. 2. Medium of Exchange (MOE): enough people must hold it that it makes sense to use it as money 3. Unit of account (UOA): Enough people use it for payment that it makes sense to measure price signal with it. Bitcoin will not be a stable money for years though. It has a tremendous amount of appreciation needed before then. It will have to have a $50T+ cap to be a stable money
You are retail. Otherwise, I wouldn't need to explain a SOV to you.
You're going to need to get over that Bitcoin is a SOV, everything gets tokenized, securities/commodities/etc get issued on L1.
Not surprising Just remember yall, you asked for this. In 2017 when there was a clear delineation on where to take bitcoin the community folded and went with the SOV narrative. This doomed on chain scaling as well as development for legacy financials takeover and immediate NGU. Meanwhile the coin that shall not be named has put in the work to lay the foundation for legitimate defi that actually frees humanity from the financial corruption we see here.
"No coin is "owed" a break of ATH" \-I agree "Thats not how this works" \-it is exactly how it works. 100billion premined XRP. All existed on chain and moved wallets multiple times. THEY WERE IN CIRCULATION AND STILL ARE. They are just locked in escrow. What is stopping them from selling the Wallets that receive the un-escrowed coins? Nothing. "XRP has no business" \-Any coin can be a store of value. The only reason BTC has the SOV as its main reason for existence is because it failed at its original goal, peer to peer transactions. Ever heard of the internet of value?? "Seems like XRP is tied to ripple then and is more of a fintech than decentralised consensus" \-not sure what your trying say here. Yes XRP is tied to Ripple its one of the biggest positives of XRP. "Why is it in the best position?" \-because of its backing by Ripple the organisation and its integration with the finance world. Ethereum is a shit coin compared to XRP WHEN IT COMES TO FINANCE AND THE TRANSFER OF VALUE. "Sol, Hbar, plenty of other more efficient coins aren't anywhere near XRP value" \-That is because they do not have a company like Ripple behind them or many years of work put into integrating with tradfi. "Then why is there almost no adoption" \-The SEC case did not help, The Maxi nonsense does not help, The previous administration didn’t help, The fear and Protectionism from the current financial system didn’t help. But XRP is still here trying. "Priced in" \- not if the end result is a retraction of the fine and injunction "Means nothing if no one adopts it." \-I agree. $232billion is not nothing so far. "U trust trump to pump ur bags" \-no
>Yes it may have gone up 10x but it still has not breached its all time high. Many currencies have hit all time highs this run. No coin is "owed" a break of ATH. >Firstly there are 100billion XRP, Just because they went from on chain to on chain escrowed doesn't mean they don't exist. So at 2.23 they are worth 223billion USD. Thats not how this works; besides that's even worse, because there's dilution and selling pressure when they are vested. >-Because lots of people believe they have value and are willing to pay for them, just like Bitcoin. Bitcoins value case is different to XRP. Bitcoin is the only cryptocurrency that is viewed as a digital SOV and truly decentralised portable cash. XRP has no business here so this point is invalid. >Because they have a company with offices all over the world with very skilled employees backing them Seems like XRP is tied to ripple then and is more of a fintech than decentralised consensus. >Because with regulation forming and the finance industry being given the green light to use crypto currencies XRP is in the best position to benefit Why is it in the best position? Ethereum is way, way more widely adopted and XRP is 75% away from flipping it. (Unless u include the baseless XRP shill talk adoption) >Because the XRPL is energy efficient Sol, Hbar, plenty of other more efficient coins aren't anywhere near XRP value. >Because the XRPL has stood it's ground and the test of time. There is a reason that its still in the top 10 after a decade and has been the ONLY crypto currency to have ever had a higher market cap than BTC It has stood the test of time that's true. But it NEVER flipped bitcoin. Again, u have fallen for the ripple mental gymnastics in market cap calculation. Common myth, but nothing has ever flipped btc >Because the XRPLs tech is leaps and bounds above most other blockchains Then why is there almost no adoption >Because the SEC case brought by ETH lawyers is about to be concluded Priced in >Because Ripple has a huge war chest of crypto currency and USD to develop the XRP ecosystem with and protect it(see SEC lawsuit) Means nothing if no one adopts it. >Because it is the biggest USA crypto currency which Trump seems to be in favour of. U trust trump to pump ur bags?
This is how money is adopted: SOV, then MOE, then UOA We are still at SOV because there is SO much upside left during monetization Eventually, it will be used far more. There is also the problem of taxes that make it hard to spend Once that is gone Bitcoin will just be money eventually.
He didn’t legitimize BTC as a SOV at all lmao, and appointing a “Crypto Czar” is hilariously useless. He acknowledges crypto as a way to pump and dump idiots who believe in him. He’s not doing anything for crypto without his own self interests in mind.