When analyzing a network are you capable of understanding fundamentals like SoV, MoE, and UoA?
Basically a currency must have all three characteristics, there's no order in which it is developed, historically currencies developed them really fast in differing order. Keyword "fast".
Using BTC as an example, having something go from a currency to only SoV signals us that something went wrong and that the project is indeed not a cryptocurrency anymore. All its fundamentals point to something like an NFT or a edition of rare coins a central bank would mint for the Olympics, as a physical world example.
Looking at a 7 TPS congestion, L2s that use BTC as collateral to less secure networks and traditional banking analogs through channels with frozen funds in a "safe" (LN) or a centralized contract of a single company (blockstream) that mints tokens in a parallel network (liquid).
This makes things clearer that these rare items could be anything, not only BTC, that those banks can store to give you an IOU to power these DAPP economies. In fact this movement makes BTC compete with ETH and other "internet computers" that serve the smart contract app niche, which are solutions awaiting for problems to solve, mostly used for collector items, videogame inventories, and ponzi schemes. Not real world commerce, not facilitating online shopping, not a payment method.
All the hype on meme coins, NFTs, ordinals, cashtokens, ERC20 tokens, and others are based on rarity and how well they will trade tomorrow, they are not based on utility.
If we are honest about the current scenario we have potentially two cryptocurrencies and all the rest are either collector tokens, just like steam's game cards and counter-strike skins, or are "internet computers" powering said collections, DAPPs, stable-coin/CBDC banks and exchanges.
So I ask you: Which networks do you think have all the characteristics of a cryptoCURRENCY and that, despite the price chart, have the potential to starve central banks if widely adopted?
I'm looking at XNO and XMR for now but is there really no other network focusing on being p2p money?
Anything that the value is not derived from "it's gonna be rare in the future" but from "if we use this we will have a powerful, decentralized, robust, low cost, parallel economy."
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