4/ Here is things really start to change. From an economic perspective, this radically expands what is possible. Suddenly the ability to build can be monetized in ways not presently offered.

3/ This is also tied to the development of services. Without smart contracts, we cannot spin up a multitude of DEX. We are confined in what we do.

2/ We are seeing infrastructure being created by a number of project teams. This means we will likely see the gap between Hive and other networks, such as the EVMs, closing. The feature-set will be closer.

#threadstorm 1/ Hive has a major gap between many other networks. This is the lack of smart contract capabilities. It really hinders the development that can take place on here.

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4/ This means we need to focus upon something else serving in this role. BTC could be great for price appreciation, an enemy of payments systems. Here is where I believe algo stablecoins are the solution.

3/ He states how the bitcoin network could be eventually destroyed as transactions dry up and miners are not able to sustain operations. To me, we are already at this phase. BTC is a failed medium of exchange

2/ Hayes basically said that handing the BTC over to Wall Street, which will happen with a Bitcoin spot ETF if tens of billions flows in, means we will be onto phase 2 of the alt money system.

#threadstorm 1/ Arthur Hayes, former CEO of Bitmax, issues a stern warning for Bitcoin. It is something I discussed for years with the hijacking of cryptocurrency. Now others are starting to opine about

This tends to be a misnomer. There are plenty of investments that offer higher yields and less risk. Unfortunately, we are not likely to engage in them (or be allowed). That is reserved for the accredited

At this point I wouldnt necessarily say they are better. We still have a lot of work to do. But the potential is there to remake the system.

We will see.

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5/ Here is the basis for a decision every user needs to make: is the future of the digital superpower a small handful of companies or is it truly Web3?

4/ Yet digital is stepping up. The problem is we are seeing companies that are amassing more power than many countries. This will continue as technology continues to expand.

3/ Economies are going to be fractured, at least as a major epicenter. There will not be a dominant economic superpower.

2/ This means that security and economy are both up in the air. The first will likely be run by the US. It is still, by far, the dominant player.

#threastorm 1/ For 70 years, the United States and Russia squared off. These were the two global superpowers. Since the fall of the latter, the US has basically stood alone.

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4/ Then there is the ownership model which brings a new level of interaction as people fill roles that are contracted in TradFi. This all brings greater efficiency.