A battle as old as time itself? Stores of Value (SoV) such as Bitcoin should optimize for a level of predictability in the long-term. In the digital world, censorship resistance, scarcity, security, and self-sovereignty are crucial to achieving this outcome. In contrast, utility platforms such as Ethereum and EOS are experimenting with flexible programming, on-chain governance models, and new consensus algorithms. The winning projects will be those that are the most agile and innovative. These projects will gain significant traction in the highly competitive utility platform race. The agility and innovation required to gain traction as a utility platform, inherently conflict with the predictability and security of a long-term store of value. Optimizing for general utility or feature richness inherently degrades the store of value qualities of a digital asset.
Conflict: Store of Value vs Utility
Conflict: Store of Value vs Utility
Conflict: Store of Value vs Utility
A battle as old as time itself? Stores of Value (SoV) such as Bitcoin should optimize for a level of predictability in the long-term. In the digital world, censorship resistance, scarcity, security, and self-sovereignty are crucial to achieving this outcome. In contrast, utility platforms such as Ethereum and EOS are experimenting with flexible programming, on-chain governance models, and new consensus algorithms. The winning projects will be those that are the most agile and innovative. These projects will gain significant traction in the highly competitive utility platform race. The agility and innovation required to gain traction as a utility platform, inherently conflict with the predictability and security of a long-term store of value. Optimizing for general utility or feature richness inherently degrades the store of value qualities of a digital asset.