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Tayyab - d/acc
@tayyab
Bullish on BTC, up until a point. BTC has not proven a use case outside of store of value. Which means for number to go up, someone has to “buy your bag”. Eventually people will catch on, the same way they did with USD/Real Estate. Ethereum, Solana feel like they have a better token model… it’s valuable to use the L1, and you need the native asset to use it which makes it inherently desirable along with some careful management of scarcity. Am I wrong?
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phil
@phil
not sure people have caught up with real estate
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xh3b4sd ↑
@xh3b4sd.eth
Blockchain networks are the decentralized Real Estate of the cryptographic economies that we are building here for the rest of the world. Expressivity will win eventually. Not going to make this an ETH/SOL cast. What I would like to better understand is how the Bitcoin network intends to survive given that every single BTC has an operational cost in order to be mined. At what point do miners stop validating the network simply because they cannot afford it anymore? BTC is not used for anything. That is the pitch. Eventually this entire thing will either adapt or die. And I think nobody is ready for the mental gymnastics required in order to tell everyone how great Bitcoin is because it changes to survive.
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