The rise of store-of-value alternatives - the market for fiat debasement solutions
As BTC became institutional, new POW chains and privacy coins are receiving more attention as new forms of store-of-value assets.
https://x.com/kelxyz_/status/1897354675466461304
What started the crypto industry is Bitcoin. bitcoin created a few things in the same time . all of this things are not with us anymore : i believe we are witnessing a return of store of value/gold/btc alternatives in the form of useful pow and privacy coins .
first, what was bitcoin?
a game of computer coordination ( pow ) - this is a very important attribute that didnt got enough attention over the years outside of bitcoin
Cypher Punk Idiology: rebel against absolute power ( nowdays its open ai , back then it was tradfi )
The rise of useful pow and AI money
We are at a point similar to 2009 ( when BTC was invented ) -
Inflation is destroying everyone's buying power
ai labs are threatening to take over all power.
projects with a potential to become ai money
duplex - enabling data centers to train and mine at the same time
boundless ($zkc)
nockchain - zk proof mining
privacy coins and chains :
zcash 4b 50b ( store of value , established )
aleo 518m private payments
nym 47m private payments
namada 18m shilding exising chains
neptune cash low , 250 fdv l1 stark with a smart cotract
ironfish 26m 3b ( privacy coin backed by the best )
OG pow coins that didn't shine yet:
litecoin LTC 7BN$ 10% silver ( 300bn)
kaspa 1.6bn