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Stablecoins are popular at the Bitcoin Conference
Which chain dominates stablecoin activity?
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SHINY OBJECT CHASERS: There’s a big difference between a credibly neutral store of value and a company coin. Understanding this is the difference between getting rich or getting poor in crypto. Company coins have high insider ownership, highly coordinated marketing narratives and jurisdictional ties. Buying early can make you a lot of money, but you must time it right and get out before the music inevitably stops. Value is based on revenue (like a company) and upside is limited. The hype will always be loud, but where will always be a new shiny object to chase. Credibly neutral stores of value have low insider ownership, an effective early distribution mechanism for global ownership, decentralized marketing and no jurisdictional ties. Value is based on belief - there must be deep believers who want to hold the asset over anything else in the world. Credibly neutral store of value is the highest upside investment opportunity in the world. $100T+ TAM! Most tend to jump in without knowing the difference while getting way overexposed to company coins and way underexposed to credibly neutral stores of value. Hope this helps 🙏
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SHINY OBJECT CHASERS: There’s a big difference between a credibly neutral store of value and a company coin. Understanding this is the key between getting rich or getting poor in crypto. Company coins have high insider ownership, highly coordinated marketing narratives and jurisdictional ties. Buying early can make you a lot of money, but you must time it right and get out before the music inevitably stops. Value is based on revenue (like a company) and upside is limited. The hype will always be loud, but where will always be a new shiny object to chase. Credibly neutral stores of value have low insider ownership, an effective early distribution mechanism for global ownership, decentralized marketing and no jurisdictional ties. Value is based on belief - there must be deep believers who want to hold the asset over anything else in the world. Credibly neutral store of value is the highest upside investment opportunity in the world. $100T+ TAM! Most tend to jump in and get way overexposed to company coins and way underexposed to credibly neutral stores of value. Hope this helps 🙏
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The adoption of ETH by nation states is inevitable
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If you’re new to Ethereum, welcome! Some facts: - Ethereum is the leading blockchain for the issuance of stablecoins, real world assets, NFTs, and startup tokens globally - Ethereum has emphasized credible neutrality since the blockchain launched in 2015 and that is why the best builders on the internet and S&P 500 companies like Coinbase, Visa and JP Morgan are all building on it - ETH is a credibly neutral store of value - ETH is more scarce than BTC and scarcity increases as usage of the chain increases - ETH yields ~2%
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Trust in a completley new financial system is earned over time from a deep cultural commitment to credible neutrality. This is why Ethereum wins.
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