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My theory is that ETH is a useful medium of exchange for buying compute resources from "the world computer", but BTC is better as a store of value. And the doll
by bmcusick 9y ago
My theory is that ETH is a useful medium of exchange for buying compute resources from "the world computer", but BTC is better as a store of value. And the dollar continues to be better than both of them as a unit of account.
Basically, competing forms of money are breaking down into specialized kinds of money. Automatic atomic swaps between blockchains will make the specialization even more obvious over time.