RE: Crypto Competing On Technology Not On Monetary Policy.....YET!
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Very solid points that you make in this post.
Hive and a lot of other cryptocurrencies are technically better than Bitcoin.
But most are less scarce and established as the Big Orange Coin. And this is why it is worth that much.
It has an amazing story/narrative; first mover advantage, scale in terms of popularity and even the most places where you can actually buy real life items (think Tesla, paypal...).
It is also the ultimate deflation asset as it has a fixed supply.
So we are different and it is good that way :D
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and it takes a shit load of energy and resources now to acquire one so it keeps getting harder and people value that. These other alts especially ones that don't use proof of work are often easier to acquire like hive so people dump them. Not to say that's a bad thing, every coin has its niche it wants to go after but it's not going to be seen as something you hold long term.
Sales will come with time, I've actually also seen houses being sold for Bitcoin too, I am sure people will sell their businesses or stock for BTC. Micheal Saylor sold debt that can be converted to equity and bought BTC
I think there's a lot of opportunities in alts but the more they tweak distribution and supply the more they erode the social contract of the coin/community.
That's why I think BTC wins, no ones going to get them to change the way its issued. It's got ALOT of considerations baked into it and people unfairly rip on it, thinking tech is the only thing that matters.
I don't NEED faster cheaper transactions, I NEED some place to keep my purchasing power from being obliterated by governments
Not much to say except Amen to this 🙏: