Cooki's Corner

Shouldn't be controversial but yeah, if your L1 valuation framework can't account for Bitcoin you need to go back and think it over a bit more 😅

Matt Huang

think the REV guys need to figure out a coherent way to incorporate BTC into their value system

current approach of "this one is just different because.. (no reason provided)" is unserious

monetsupply.eth

Shouldn't be controversial but yeah, if your L1 valuation framework can't account for Bitcoin you need to go back and think it over a bit more 😅 

https://x.com/matthuang/status/1923783451557363739
https://x.com/MonetSupply/status/1923898388140966113

holy shit a Kyle Scamani tweet I agree with... the world is falling apart

@MonetSupply Seems pretty straightforward to me

It’s clearly possible for something to monetize without high transaction GDP; gold, Bitcoin

But the entire story of non Bitcoin L1 assets is non-custodial programmability, and so L1 GDP/REV is a metric to compare among competing L1s

@matthuang @MonetSupply Gold is gold bc…. Millennia of gold being gold (which is bc of its chemical properties)

The defining feature of bitcoin is that it doesn’t make breaking changes

The probability that bitcoin in its current form will last decades let alone centuries or millenia is very close to

Kyle Samani

Solidity Engineer | Researcher | Onchain Degen | DMs Open | https://github.com/0xCooki

holy shit a Kyle Scamani tweet I agree with... the world is falling apart

https://x.com/KyleSamani/status/1923924176873623628