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Polymarket called it again
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Bitcoin is digital gold. Ethereum is the whole damn financial system.
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Elites tend to be in one of two camps: 1) The sum of knowledge from the masses is limitless, empowering and educating is essential for progress 2) The masses are stupid, let's control and manipulate This holds true in society broadly (capitalism v socialism). It’s especially true in crypto. Beware of those who actually believe 2 but pretend to believe 1. Many such cases.
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Elites tend to be in one of two camps: 1) The sum of knowledge from the masses is limitless, empowering and educating is essential for progress 2) The masses are stupid, let's control and manipulate This holds true in society broadly (capitalism v socialism). It’s especially true in crypto. Beware of those who actually believe 2 but pretend to believe 1. Many such cases.
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Hayek in 1945: “Experts are dangerous, knowledge is decentralized” Polymarket is proving it.
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It is an undeniable fact that for the past 2 years ETH has been more scarce than BTC. And if you make conservative projections about future Ethereum usage that will remain true. Over the past 2 years the average annual inflation rate of BTC is 1.352% and the average annual inflation rate of ETH is 0.099%. 21M in 2140 is a simple monetary policy and that is a great thing for BTC. But 1.1M more BTC will be printed over the next 115 years. ETH monetary is more complicated, but the important thing to understand is that it is predictable and supply decreases based on usage. If usage of stablecoins, RWAs, NFTs, DeFi, prediction markets, gaming, etc continues to increase, there's a world where today's supply of 120.853M is the all time high.
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