When ETH eventually flips BTC, it will be because mechanism design is more powerful than a meme.
If you& #39;ve been paying attention to people like @drakefjustin and @RyanSAdams, it& #39;s becoming clear that it may not matter whose money meme is better. The combo of proof of stake, validator economics, and a deflationary monetary policy is going to be rocket fuel for $ETH& #39;s price.
#DeFi provides organic, sustainable, and growing demand for $ETH block space. Good mechanism design kicking in will take care of the rest. I& #39;ll bet on that every day of the week vs. trying to get net new money into $BTC at these prices.
You can follow @spencernoon.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: