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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
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.
My claim is he has done more for crypto than Biden: He appointed a crypto czar who is tasked with overseeing the crypto space which can include making clear understandable regulations. He had a summit with important people in crypto, which means he at least acknowledges crypto rather going Warden's or Sherman's route. He legitimized BTC as an SOV which can lead to other countries follow suit. These were off the top of my head. I'm sure there are more.
Replace Apple the company with any rev focused L1 network and it's the same exact thing. It's actually much better as the economic structure of the base asset is much harder. Solana, Hyperliquid, and others use the same formula as a security, but instead of buying a piece of a company for exposure to revenue you are buying a piece of a network for exposure to revenue. Tokens can work the same way. Tokens can even be securities. COIN will be a security on Base soon. It's going to take some time before people learn the difference between a meme and tokens that have value exposure or are connected to an underlying asset with value exposure. Stop trying to call crypto one asset class. It's many. You're extremely late to the party if you don't get this by now. BTC is a SOV like gold. It's the only blockchain based asset that doesn't need revenue. Everything else does.
Bitcoin is the only crypto that's a real SOV. Everything else needs revenue or it needs to be a token with an underlying asset or mechanism that captures revenue. No one serious ever thought we'd use shitcoins as currency. Activity is revenue. Not sure how this sub still struggles to understand this. Just because we pump up XRP because of a market cycle or a bet on a SEC case does not mean you should be holding a glorified meme with no revenue. L1s need massive activity for revenue. Tokens need to be connected to rev producing protocols or securities. Otherwise, the token better represent ownership over anything with value like land, SOVs, etc. Otherwise, you are literally buying memes that pretend to be something they're not. It's not hard to determine which L1s or tokens have value generation and capture. Revenue or bust. The things this sub says to hold are the quickest ways to burn money. Just hold Bitcoin if you can't figure out what has revenue or potential for revenue. Do NOT buy what this sub thinks is a buy. Even if the price moves up, just like memes can move up, doesn't mean you'll actually walk away with money. Invest. Don't gamble on junk no one uses, and captures no value. Use the chains and protocols everyone in this space uses if you want better insight on how to invest instead of gambling on junk because someone on Reddit says it's going up.
Its repurposed in some ways. It's not 'the future of finance'. Use case is still borderless, truly decentralised money but with the addition of SOV. It will be worth whatever people are willing to pay for that. You can't value it like a company.
Hello. What do SOV, MOE and UOA stand for? I'm currently learning about this (crypto, bitcoin)
Bitcoin - SOV like gold but better. It's one of only two true SOVs in the world. Means it doesn't need revenue to move up in price per unit. It's the only way to store value without fear of dilution. BTC will eventually become the world's largest SOV because it acts as the best SOV. Ethereum - Is the silver to Bitcoin's gold. It's attempting to have utility by capturing revenue through the cost of using the chain, but most of that revenue is now getting captured by its layer 2's like Base. That revenue then gets sent to the layer 2 owners like Coinbase. However, some will argue it's the internet's second true currency, and it doesn't need revenue like Bitcoin. Highly debated. XRP - Is a meme coin. People think it has revenue or purpose because the price went up this cycle. It doesn't. It's a meme. It captures pretty much no value. It competes as a currency with BTC & USD, but no one serious actually views it as real currency. Solana - is the network which captures the majority of all revenue in web 3. That value gets sent back to SOL holders. You buy SOL to be exposed to the revenue of the network. Single protocols on Solana bring in more revenue than Ethereum itself. Pretty much all new tokens get issued on Solana and Base. This means more revenue from speculation and more SOL locked in the liquidity pools of each successful business or project launched on Solana. Think of SOL like a stock but the revenue comes from chain activity instead of the entity that issued it. Again, no one serious views SOL as a currency that competes with USD/BTC.
Ok you are right, central control is an incorrect term here. Although, my main point that the us gov wants BTC to "succeed" as long as they make a boatload of money off it. When large financial institutions are getting less and less returns on BTC, the coin will die a slow death, because it has no usecase besides SOV.
Agreed on all points, but many core Bitcoin holders will disagree about the ethics part. They'll claim Bitcoin's purpose was to never mess with monetary policy and never freeze anyone from their money. I know it's an argument that doesn't make sense, but it will be fought. They won't care if some of the supply is eventually taken. They'll just argue that the new owners will likely not sell either. Which many won't. BTC isn't going to stop moving up. Just like any true SOV. They'll eventually lose to the more common sense approach, but it will be a long dumb battle. Especially as alt coin KOLs try to push that if Bitcoin changes policy it failed. It'll add pressure to do nothing about the old addresses. Either way, this all doesn't matter in the long run. The value stays with the ledger. Bitcoin could be attacked, cease to operate, or anything and we can just restart the ledger from the last block or move it to literally a token on Ethereum or Solana. The value is in the ledger. It's just a score bored and we can copy/paste the scores into a new ledger if needed. BlackRock, countries, states, financial institutions aren't just going to put trillions of their dollars at risk from not upgrading in. They'll upgrade easily, but the argument about old addresses will go on for some time.
Gold has tons of great uses. Almost all of them are priced out by people buying it as a store of value. After SOV and wealth-signaling bidders, only the highest ROI industrial applications can afford to use gold. Point being, the large majority of gold's value is from SOV. If it was primarily industrial, platinum would have kept up with gold over the past couple decades.
Yep. Also btc isn't currently in competition with fiat, it's in competition with every SOV asset. If you have friends with stocks, RE I find this to be a very easy sell as they already hold assets and get that you don't save piles of cash to rot to debasement. You guys are caught up on btc vs fiat. That makes no sense on the jump to even seasoned investors.
I'm not teaching you everything. Revenue or bust. That's it. You don't hit 2 trillion without revenue unless consensus has been reached that it's a SOV. This isn't hard.
>BlackRock now sees it as risk off They recommend 1 to 2% of it only in your port. You sure? > When presidents campaign on an asset, and countries debate adding it to reserves, it won. People are dumb. I'm not convinced. > No one needs the L1 to scale. BTC will be mostly transmitted through money transmitters and custody will be through ETFs and banks. It's already happening. There is no better SOV in the world. Every serious financial asset can dilute you. Not BTC. No alt will ever repeat this because we don't need them to, and they could never replicate the launch/history of BTC. All just opinions of yours. > You guys have been mid arguing the same things for 15 years as BTC continues to eat away at the world's previous best SOV, gold. All while it has sent almost all alt pairs to 0. If you don't get it by now, you're not going to get it until it eventually just keeps pace with the S&P. I have not been complaining about btc for 15 years. I supported it until it hits its ATH of 100k. > No, I don't need to type Bitcoin "is seen as a real SOV" to make it one lol. Look around you. The world already reached consensus on this. Countries aren't going to fight storing their wealth in XRP just to enrich Ripple. Not how any of this works. People think a lot of stuff, like that gay people should be killed. If an economic problem occurred, I'm sure an "asset" like bitcoin which throws energy away and produces nothing would collapse. > Revenue or bust unless the asset is a true SOV. Exactly why BTC has now reached trillions of dollars without revenue. That only works with real SOVs. You have no understanding of finance if this doesn't make sense to you. Do you know how market caps work? $2 trillion hasn't been stored into bitcoin. Market cap is the current price of the asset times the total supply. As for why it has gone up, lots of people are dumb and have mindlessly fallen in love with bitcoin. These things don't need a solid reason. It has nothing to do with "understanding finance". Was bitcoin a good bet 10+ years ago? Yeah. But to cling to old tech is just really foolish. That will never be acceptable. Bitcoin might keep going up as it is but that doesn't make it a good and valuable asset. It just means people are dumb -- like the president bitcoiners helped elect.
Yeah, I've heard these mid arguments since 2011. Everything needs revenue except BTC/Gold as these are true SOVs. When presidents campaign on an asset, and countries debate adding it to reserves, it won. BlackRock now sees it as risk off, but reddiors still arguing if it should be taken seriously or if it's too risky. 🤣 No one needs the L1 to scale. BTC will be mostly transmitted through money transmitters and custody will be through ETFs and banks. It's already happening. There is no better SOV in the world. Every serious financial asset can dilute you. Not BTC. No alt will ever repeat this because we don't need them to, and they could never replicate the launch/history of BTC. You guys have been mid arguing the same things for 15 years as BTC continues to eat away at the world's previous best SOV, gold. All while it has sent almost all alt pairs to 0. If you don't get it by now, you're not going to get it until it eventually just keeps pace with the S&P. No, I don't need to type Bitcoin "is seen as a real SOV" to make it one lol. Look around you. The world already reached consensus on this. Countries aren't going to fight storing their wealth in XRP just to enrich Ripple. Not how any of this works. Revenue or bust unless the asset is a true SOV. Exactly why BTC has now reached trillions of dollars without revenue. That only works with real SOVs. You have no understanding of finance if this doesn't make sense to you.
>Bitcoin doesn't use energy per transaction. I'm aware. Miners use energy to mine blocks every 10 minutes, but if you divide the energy per transaction, in the average bitcoin transaction uses at least 1719 kWh alone. If I had to pay for that energy in California, I'd pay over $700 in energy. It's a *lot* of energy. > It uses energy to secure a multi trillion dollar network. To help people gamble and to keep the rich bitcoiners rich because they bought a decade ago and want to keep their bags nice and fat. Nothing else. > Is this what crypto Reddit will become now that everyone here got wrecked while BTC goes up? Just complain about Bitcoin? The l1 doesn't even need to scale. 7 transactions per second and too much energy thrown into the void. It does indeed need to change. ALGO is doing over 12k TPS. > You guys realize BTC is a real SOV? Like gold. Why, just because you typed out that BTC is digital gold? I don't think that's how reality works... > Your xyz alt isn't. Never will be. Your alt needs revenue or it will never go up long. There are plenty of digital assets (Even an L1) with revenue. The same thing can be said about bitcoin, so I don't know why you say this. I also don't hold any significant amounts of creepto. > Not sure why so salty about a new gold competitor. Not sure why so salty that people believe the tech on bitcoin is bad.
Bitcoin doesn't use energy per transaction. It uses energy to secure a multi trillion dollar network. Is this what crypto Reddit will become now that everyone here got wrecked while BTC goes up? Just complain about Bitcoin? The l1 doesn't even need to scale. You guys realize BTC is a real SOV? Like gold. Your xyz alt isn't. Never will be. Your alt needs revenue or it will never go up long. There are plenty of digital assets (Even an L1) with revenue. Not sure why so salty about a new gold competitor.
I find your question quite vague. If by scalability you mean can the bitcoin network scale to support high-volume c2c and b2c payments, I don't believe technology is a barrier. For me the key barriers are political, financial and implementation. And there are many actors in this space, all with vested interests. Together the barriers and actors make this is a multi-faceted complex situation. As a result I believe bitcoin is well on the way to establishing itself as a store of value and it may not do more. The SOV market is completely different to the payments market and the barriers to entry are too.
If you know what to use, it can. Bitcoin changed my life simply because I understand that it will be monetized over decades and if you live in a modernized country and have a stream of excess income you can not only outperform the market, you can simply shatter it, consistently. And anyone who has understood this has done just that. I'm actually very grateful I am not someone who lives in a place where they *must* use Bitcoin all the time. Places in Africa use Bitcoin simply because they are unbanked. US will be one of the last countries to use Bitcoin in everyday life. Monetization takes a very long time. It will need to be accepted as a SOV until almost everyone holds some. At that point we will start to see MOE and shortly after that the money becomes the UOA. Just like all money, store of value is the most important part because that is what creates network effect.
Real estate was never a great SOV because of property taxes, upkeep, and other related expenses. There are some exceptions like when the land is abundant in natural resources. It wasn’t until Fiat currency that the insane returns for all real estate started being consistent enough for a SOV. Fiat currency strips away every other method to preserve wealth, especially when gold is outlawed or confiscated from the people. All this makes real estate the new best investment. If an asset that has better monetary properties comes along that can’t be confiscated, centralized or controlled like gold, then real estate stops being the best storage. Especially when the government is becoming increasingly controlling. They can take property at any time as they have in the past. I agree it’s not simple, but literally every factor points to bitcoin siphoning wealth from every other “store of value” that fiat currency has propped up heavily for the past 50-100 years.
You say that but its all relative, as it takes value from other assets, those assets would decrease in value creating buying opportunities for those assets instead in short-medium length time frames. For example... A lot of boomers will die and a lot of BTC millennials will inherit a lot of gold. There will be a generational shift in wealth between these two assets. However... If BTC is at the top of a bull market cycle and gold is plummeting. I'm gonna be buying gold until there is some capitulation in the BTC market because the likelihood is one will be over-sold vs over-bought in comparison to the other. Its not quite as simple as you make it out to be. Also BTC has no production value, unless you class the energy farms that run the network as a backup to grid stability a production value but these farms would always rather be mining than selling to the grid. Humans need houses and commercial buildings for work... they need food and clean water etc... BTC doesn't contribute to any of this as such it will struggle to steal wealth from these assets a lot of which are also considered "SOV" assets because its a forgone conclusion that they'll continue to exist because they literally have to for us to survive and as such are invested in as SOV's as well as production assets. The only area I really foresee BTC stealing a % of wealth from is Gold but it will find an equilibrium with that too. Gold also has production value. Its used in Jewellery and electronics. It provides value in other ways than just a "SOV". This is actually and area where BTC is weak. I don't think any asset really exists now purely as a SOV other than BTC. BTC is however the most secure SOV and best in that arena which is whats giving it value however I don't think it will "steal" from the wealth pie as much as you think it will. It will probably carve out its own section of the pie through inflation with new money heavily entering that space however Its ability to "steal value" is overestimated. Look how well gold is doing in the last couple years despite BTC rapid adoption.
Not me-my whole thesis on BTC is that because it’s a superior store of value asset, it has asymmetric upside because it will steal market cap from gold, real estate, bonds and other assets used to store value. I weathered the storm through crypto winter a couple years back, and have some tolerance for longer periods of under performance. Not 5-10 years though. I believe as Saylor does-either it’s going to zero or it’s going to 1M plus per BTC. If it gets adoption as a store of value asset and steals market cap from other SOV asset classes, it must continue to rise in price. If it stalled or backed up and got stuck in sideways or lower action for years, I would pull out and get real estate. Its definitely has value as an always on, censorship resistant transfer mechanism, and always tradeable asset, but the price has to go up to feed the returns that keep attracting new institutional store of value capital…indicating it’s on a path to that asymmetric upside.
Ser, I've seen people tell us how bitcoin can do and be everything for years, before settling in on SOV. No sense trying to have it compete with utility. Two different markets.
Who would’ve thought the hodl, SOV, digital gold etc narrative would result in centralization at the top of the economy. There were people who warned about leaving the MOE, Digital Cash system. www.hijackingbitcoin.com r/leopardsatemyface
As an aside, people assume any quantum post is a narrative or fud. I look at it differently. We clearly have the SOV coin decided as BTC. Keeping that value strong *helps* the utility space. So, you can see upside for the utility space AND still want the SOV space to remain strong.
SOV until adoption curve flattens and volatility fades, then MOE
On what objective? In 2013 it was a medium of exchange where 10 millions bitcoins change hands change hands. We aren’t close to it, and we do need another success for Bitcoin other than SOV which we all agree on achieving that.
Yeah but if it all it has then it will be doomed like gold. You know the FED was worried about when it was a medium of exchange. I don’t see rn , afraid also, that bitcoin or LN won’t be medium of exchange ever. Because if it stays just a SOV it future may be like gold and that’s it - not that’s a bad but is it gives hope ?
I'm going to throw an alt out there that really has not gained traction yet. Mollars token. I will preface this by saying this one is high risk, high reward, even for the crypto markets. I'm going to share some reasoning as to why I think it could be a gem. The token itself is designed as a store of value with a max supply of 10 million and 1,737,068 already burned. Along with being an SOV, the founders are/have developing a crosschain DEX and their own router, which will utilize the mollars token, giving it more utility beyond being a SOV. According to the team, everything will be finished and released by January 20th, 2025 with aggressive marketing to follow. Now, obviously, DYOR on this one. It could go to the moon or it could fail miserably, only time will tell. It's priced .07 - .08 right now so it might be worth throwing a few bucks at. FYI, the dex is actually live just without its own router for the moment.
“They don’t need no…” 🤣 Are you serious? You think they’ll be top dogs forever?? If they don’t pivot…if they don’t adapt they will be just as relevant as the instant camera or the portable calculator. Fiat is being rapidly devalued…they need to find a better SOV than fiat.
Bitcoin fan here as well! I often hear Bitcoin being a SOV but does it fit that definition? Investment by definition seems more like it, especially if compared to S&P. That being said, I think the use case is still within discovery because as of now, it will vary based on where you live in the world.
Don't get me wrong. I agree bitcoin its awesome, a paradigm swift. But it cannot be money, just SOV. It's intrinsically volatile due to its fixed supply so its not money nor can it be
It ok you are just number 100k who asks this question. Bitcion is a saving account SOV (and just happens to be the best money we have). So what would you say to a person asking you "is it still worth to start saving ?) ? The issue is Bitcoin is relative new so not everybody agrees, and to be honest to come to full blossom we need way more people to agree. Even being the best money is not a guarantee it will also be adopted by everyone, after all it is decentralized, thus it is hard to make anyone unable to use it, but also free for everyone not to use it. But exactly these facts make it this volatile and potential further adoption make way higher valuation possible while there is also the risk it won't make it.
Positive correlation between alts & BTC? Where have you been these last years? Alts the same sector as BTC? Are they all a SOV?
I completely understand your point that there is no express, official link between Bitcoin and the dollar. My point is that there is a practical link, and likely will be for a long time. The notion that the two will decouple in the future seems highly speculative, at least for the foreseeable future. So, in my mind, for the time being at least, Bitcoin is susceptible to the same inflation risks inherent in the dollar and it is not a good SOV because it is volatile. If I understand you correctly, you believe these current challenges to Bitcoin are expected to mitigate in the future as BC becomes more mainstream and more widely understood.
Unit of account is one of the last steps a new form of money can/ has to go through. So while some already do I (nobody) knows when a majority of people will do. Your decouple, hedge against inflation, volatility, SOV, question/statements are all related to understanding what money is, what fiat is and than some more, and I can't explain all of that in a few posts.
Don't do it. The market doesn't need or want this. You can't create a SOV out of scarcity alone. What makes a SOV is security & in this metric you will not be able to compete with BTC.
Seems like a lot of people share this sentiment in this thread. It's sorta (not exactly, I don't like throwing the word scam around) what led our team to make stability blockchain - a public chain with no native token. We aren't trying to sell you any token. Anyone can use the chain completely for free, with just an email, forever, if all they need is like 1000 txs a month. Any more than that, and we ask you to sign up for a plan. Fixed price, with a contract, cancel anytime. If you have any issues, your plan comes with customer support - talk directly to our devs To all the people who became more Bitcoin maxi - love that. That's for currency and SOV. I'm talking about pure blockchain utility, nothing to do with monetary policy. Anyway, that's my rant lol
Agreed. BTC is great and all but it is really more suited to be SOV than a means of exchange or even a unit of account. BTC is truly digital gold and much scarcer than the yellow metal.
There were alternative smart contract platforms since 2016 but long term Ethereum prevailed Also, there are p2p alts that could compete with BTC but BTC went more into SOV direction where it has no real competition
BTC is an SOV. That's it. It can't do anything else. The devs tried to make it more interesting but failed. It remained a one-trick pony beloved by rich assholes like Saylor.