Arca CIO Jeff Dorman says $ETH's store-of-value thesis assumes every other blockchain will eventually disappear "I think it's really misguided, right? Again, a store of value…
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Arca CIO Jeff Dorman says $ETH's store-of-value thesis assumes every other blockchain will eventually disappear "I think it's really misguided, right? Again, a store of value, you're saying you're a …
Arca CIO Jeff Dorman says $ETH's store-of-value thesis assumes every other blockchain will eventually disappear "I think it's really misguided, right? Again, a store of value, you're saying you're a currency, right?" "Bitcoin is effectively like an immaculate conception, right? It was a 1-in-a-billion long shot that it actually worked. And then everyone starts to come to it saying, 'Oh, well, Bitcoin can be a store of value. We can be too.' And it makes no sense." "It's like saying, 'Oh, because the dollar became the superpower of the world over 150 years, then all of a sudden the Zimbabwe dollar is also going to be a store of value,' even though it hyperinflates every year. You can't just point to the one that worked and then say everything is a comp to that." "There's no rationale for ETH, the token, to be used in any way, shape or form outside of the Ethereum network itself. So if you're going to argue that ETH is a store of value or even a medium of exchange, you have to also argue that every other blockchain is going away." "The entire world is going to be run on blockchain and it's all going to be run on Ethereum."
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