“We don’t want bitcoin we just want what it can buy us in the future”
If you haven't read what Ross wrote at the end of the year, you should.
https://www.nydig.com/research/stone-ridge-2024-investor-letter
Discussion
this is the explicit link between SoV and MoE
This is why doggie coin's price performance is so much stronger. Unlike Bitcoin, I actually tend to want doggie coin more than anything I can buy with it so far or in the foreseeable future. The usable transaction fees & picture of a dog & huge amounts of hate from retards all make me more attached to it
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