nir.eth 🌿🟣🐦☁️
@nir
Quick draft. Thoughts? https://nir.mirror.xyz/AudJS0vLaMpwzNi6jUWEntPhYrnlnAjPDeG_LD7CwP4
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kia
@kia
been thinking about this for a while. glad i'm not alone. in a way, all things become store of value. the AMM itself will be medium of exchange and unit of account will be an archaic concept.
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kia
@kia
it likely won't work like that at scale: we'd need asymptotic liquidity between all things for any one thing to not have utility due to its liquidity -- that utility due to liquidity is what 'money' is. we can't have asymptotic liquidity between all things but we also can have *enough* liquidity in more than just USD.
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kia
@kia
this is actually well aligned with geo and macro and probably most aligned with Zoltan's Bretton Woods III. geo-relations are directionally headed towards multi-currency -- at least RMB. russians seem ambitious too. herding commodities in reserves vs just USD is on the rise.
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kia
@kia
you'll also have a few dominant assets as quote currencies -- basically the role that ETH has in AMMs. in large scale, instead of USD dominant it'll be prismatic: multiple national currencies, tokenized commodities, dominant quote currencies
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kia
@kia
in small scale, it'll be baskets as you described. i can hold whatever i want, pay the merchant in whatever i want and the merchant will receive whatever they want. payment systems will be built on AMMs. you can actually literally specify the address of the recipient in a uniswap today -- it's all already there.
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