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0 sats \ 1 reply \ @nkmg1c_ventures 19 Jun 2023 \ on: Crypto is NOT money, bitcoiners: a short rant bitcoin
I agree with the broad strokes but I don't see why it's necessarily true that other PoW chains are doomed. Some, sure. The assertion here:
Other PoW coins fall into the same boat because they simply can't gain enough market share from Bitcoin and can't guarantee BTC's perfect tokenomics.
I don't see how this is necessarily true. I could see different PoW chains co-existing. What am I missing? I mean I get why BTC prices are consistently outperforming stuff like LTC, but what makes the tokenomics "perfect" and all this inevitable?
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0 sats \ 0 replies \ @birdeye21 OP 19 Jun 2023
It’s a combo of bitcoin’s fixed supply, issuance schedule and the trustless nature of it
Other PoW coins may be able to replicate the tokenomics, but it’s too late to achieve the trustless nature of bitcoin — that’s a one-time discovery.
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