1/ A New International Money: $ORE v2
“Every new thing creates two new questions and two new opportunities.”
- Jeff Bezos
With metas on the verge of exhaust, a new international money emerges.
2/ new token distribution mechanisms are always overlooked or even ridiculed at the onset
using proof of work for distribution atop a performant proof of stake chain has the potential to be the next such faded mechanism
3/ novel distribution alone isn’t enough. Ore innovates at the cryptography level with DrillX, a new mining algorithm allowing anyone the ability to mine – forever.
Compare that to everything else, where asic miners have priced out regular people – forever.
4/ combine that with Solana’s superior speed and cost to transact, and a picture for Ore superiority begins to paint itself
5/ on the other side of this bullish picture is inflation. the top-cited risk for this contender money.
with mining emissions extending to the 2060s or 2070s, Ore inflation will be steep upon the v2 launch.
chart via @N8Solomon
6/ inflation is a valid concern, but:
the point of maximum opportunity for crypto assets has historically been at the point of maximum marginal inflation.
In order to achieve atypical returns, one must accept atypical risks
7/ there’s much more nuance and details to this thesis - please check it out (linked next zeet)
comment or dms open for feedback
huge thanks to the @heliuslabs fam for having me on as a guest! its like seal team solana research over there
8/ check out da piece here helius.dev/blog/solana-bu…
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