let's help you all understand store of value. Do you know it's not one economist i know of in the world that's determined any commodity to be a store of value without first being an effective currency? I"m not aware of one but somehow bitcoin skipped being an effective currency and arrives at store of value in the cryptosphere. So in the cryptosphere we can take meanings of words and have them mean whatever the hell we want them to mean. Sorta like decentralization.
On hive you all can take a centralized system and call it decentralized. When it's clearly that but okay whatever. The next part and good example you've used that i used like 4-5 years ago when i compare bitcoin to a poker chip.
Think about a poker chip at the start of your casino adventure. One can conceive of that poker chip going to any value almost imaginable in the run of that night. it can be worth 40k .. 100k a million bucks it doesn't matter. it can be any of that. Now let me ask you a question what is the use of holding something you say is of value. So we sit up there all night and day speculating on what it can be just for the sake that it maybe can be because we'd both like it to be? Well my thoughts are after a time that gets pretty stupid
What if someone goes the emperor has no clothes on.. That this is just a brand.. it's just a network effect thats ending. it's nothing of use there outside that narrative. They say security? Oh really is that so? You know how many inflation bugs bitcoin has had? The last one they almost had would have been catastrophic. Ethereum has had no inflation bugs.
So by the definition of security bringing up the value of bitcoin. Ethereum should be more valuable. Bitcoin is bullshit it's trash. So is hive, but bitcoin is more dangerous because it's mroe well branded so it can harm more people falsely
it doesn't do shit.. it's garbage man. So stable coins even the bullshit ones atleast have a purpose that's useful to the world. what's bitcoin's purpose? it's speculation it can never be used by any merchant or vendor.. it can't be used to transfer money and create economic prosperity. AT best it's a wallstreet toy.. at best.
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Look at me my name is Mykos and I don't understand basic concepts like how mining pools are just delegated platforms with extra steps. I think I'm the smartest most innovative person in the world... and then I created a crypto using my own stupid name in the brand and then talk shit about all the other things that are gaining adoption even though my thing is the best.
I don't play well with others. I'm a terrible marketer; a terrible politician; a terrible collaborator; but I'm ridiculous enough to think that my smartest-man-in-the-world delusion will carry me through to victory. I spend hours on Hive talking shit about Hive instead of working on my own "superior" project.
Mental illness on this chain is harrowing, yet amusing, at times.