Quick draft. Thoughts? 

https://nir.mirror.xyz/AudJS0vLaMpwzNi6jUWEntPhYrnlnAjPDeG_LD7CwP4 

I don't understand. AMMs aren't even as liquid as CEXes and liquid asset exchanged aren't new (stock markets exist for a long time). Anything of low volatility (and high stability, and decentralized) is good money imho in the sense that we can quote prices in it.

AMMs of the constant function type are are imo not going to be hyper-liquid but die for high volatility pairs (see my only cast).

Logically, don't understand why anything would change given we already have liquid order book exchanges.

Plus, my feeling is money is something else than what is mentioned in the post.

Innovating prediction markets.

contro.tech

Great feedback. The point is less about exchanging currencies and more about payment and exchanging goods. 

Being propelled by things like AMMs, we’re shifting to a world where I can pay with anything for anything. Buy my coffee with Amazon stock and the vendor receives S&P500. No one currency as medium of exchange