Thread by @thomas_hepner

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Announcing @tokenterrier's research paper:

"Will Ethereum Surpass Bitcoin?"

Read the paper here:
tokenterrier.com/blog/will-ethe…

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@TokenTerrier believes that the probability of Ethereum's bull case is 50%+ and Bitcoin's is 80%+.

It is not only plausible that Bitcoin and Ether will both be $30T+ assets, but actually the most likely outcome.

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The paper, originally titled, "Bitcoin and Ethereum: Of Gold and Government", explores the symbiotic relationship developing between the two blockchains.

Bitcoin will likely serve as Digital Gold and Ethereum as the world's Financial platform in the emerging Network Age.

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Bitcoin as Digital Gold and Ethereum as a Smart Contract platform are not just narratives.

They require two fundamentally different consensus mechanisms, Proof of Work (PoW) and Proof of Stake (PoS), with different assumptions about security and scalability.

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In 10 years, there will likely be only one dominant Proof of Work blockchain, the Bitcoin blockchain.

There will also be a myriad of Proof of Stake blockchains, anchored to Bitcoin's PoW, of which Ethereum will be the most valuable.

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@TokenTerrier believes that Ethereum will become the dominant network for DeFi, a market worth between 2% and 3% of annual global GDP, making Ether a $30T+ global transaction currency.

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As such, Bitcoin and Ethereum are the two highest conviction assets in @tokenterrier's ₿EST Portfolio.

tokenterrier.com/best

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Thank you @danielofconnell for your support with editing and design.

Thank you @BeTheb0x, @AlphaLemonade, @duganist, and @RyanBerckmans for reviewing and providing feedback!