SoV first and only then medium of exchange. Not the other way around.

> Ethereum will probably always outshine the other "Global Turing Machines" because it was the first. We don't really need another one—assuming it can adapt to changes in efficiency with hard-forks as needed.

We didn't need the first one.

> This statement, minus the political content, sounds very, very, very similar to what I was hearing about tech stocks a bit over 20 years ago, and houses about 15 years ago.

Well those two performed pretty damn spectacularly in the past 20 years.

> In the end the only thing I kick myself for was looking at it objectively. Bitcoin wasting untold amount of energy, low transaction rate, high wait times for confirmation, high transaction fees, ever growing public transaction history, long cryptographic identifiers for receiving and sending, and so on do not actually matter.

As if there's a better alternative.

Yeah, or simply buy Bitcoin and wait it over.

"The amount of energy necessary to refute bullshit is an order of magnitude bigger than to produce it."

– Paul Kedrosky

> Hint: increased demand for the USD is why the Fed is increasing the supply -- to keep the price stable.

Oh yeah, good luck taking vacations in Europe this year.

> But that theory is still problematic, since you can't measure inflation against just one asset.

How about another two? Like equities and real estate. Still not inflation?

CPI is a scam - it now includes 80,000+ items muting the shit out of the dramatic price changes in the stuff you actually want and need.

Nopes. Full nodes.