Not A Zero Sum Game
(Edited)
Many people look at things as a zero sum game.
There was an article about Tesla which I think applies to crypto, especially DeFi.
In this video I discuss how things are not zero sum. When looking at markets that have high growth rates, there is plenty of room for winners.
▶️ 3Speak
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Woah that was lucky! First time I've been first! I'm really trying to get my mom to watch/listen to your stuff.. and everybody else for that matter.
This is a vary powerful video, and really changed my line of thinking about this, I do have the scarcity mindset, and I need to kick it to the curb..
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I guess he should change his name to the master of coins instead of master of tasks :)))
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Yea I think people will chase where the money is. I think ETH will stay because that is where all the money and development is. I do think BNB will eventually have similar problems to ETH in the future when it goes high enough. This will probably also be the case with HSC when it comes out since it will be based on the price of HIVE.
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https://twitter.com/sharkthelion/status/1381792011347451908
speaking of tesla did you see their "driving people in tunnels with cars" thing ? so revolutionizing, much efficiency
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Summary:
In this video, the speaker discusses the current landscape of the EV market using Tesla as an example and draws parallels to the cryptocurrency world. The speaker talks about Tesla's market share in China and how even though it might have dropped in relative terms, the overall market is growing rapidly. He emphasizes that market expansion is crucial to consider in these scenarios. Moving on to cryptocurrencies, the speaker specifically addresses the debate between Binance (BNB) and Ethereum, highlighting that both platforms can coexist and thrive simultaneously. He stresses that the growth potential in the decentralized finance (DeFi) space is immense and not a zero-sum game.
Detailed Article:
The speaker kicks off by comparing Tesla's performance in the EV market to the dynamics in the cryptocurrency world, particularly focusing on Tesla's market share in China. Despite concerns about a drop in market share, the speaker explains how Tesla's absolute sales numbers are still substantial, indicating growth in an expanding market.
Transitioning to the cryptocurrency realm, the speaker delves into the Binance (BNB) versus Ethereum debate. He addresses concerns about Ethereum's fees and potential loss of users to Binance due to lower transaction costs. However, he argues that while Binance might attract smaller transactions, Ethereum remains the go-to platform for larger investments due to its liquidity and developer activity.
The speaker advocates for a shift in mindset from an either-or mentality to recognizing that both Binance and Ethereum can coexist successfully, each catering to different segments of users. He emphasizes the continued growth and evolution of the DeFi space, where both platforms are experiencing an increase in users and locked value.
Moreover, the speaker touches on the broader cryptocurrency landscape, highlighting the need for multiple successful blockchains to meet the growing demand for transactions and financial activities. He mentions projects like EOS and Cardano as Ethereum "killers" but asserts that Ethereum's growth trajectory and the emergence of other strong competitors can foster a healthy ecosystem rather than a winner-takes-all scenario.
In conclusion, the speaker underscores the rapid expansion of digital assets, NFTs, and overall cryptocurrency market capitalization. He emphasizes the need for sustained growth and development in these nascent markets, positioning them as challengers to the traditional financial system's dominance. The overall message is optimistic, emphasizing the vast potential for growth and coexistence within the cryptocurrency space.
By fostering a nuanced understanding of market dynamics and growth potential, the speaker encourages viewers to embrace a mindset that does not pit different platforms against each other but rather envisions a landscape where multiple projects can flourish and contribute to the broader evolution of decentralized finance and digital assets.