Nobody batted an eyelid to Fred Ehrsam's Tweet the other day when he summarised the Crypto frontier 2009-2017 as 'Store of value'. ...and that's from someone who was there evidencing that, unless we're careful, we can inadvertently rewrite history in our own minds too!
For fun, I thought I'd do a FTFY of Ehrsam's tweet:
2009-2012 BTC: peer-to-peer electronic cash, medium-of-exchange, uncensorable transactions, peer-to-peer remittances, banking the unbanked (especially in hyper-inflationary countries), speculative asset, store-of-value (potentially), hedge against fiat inflation, global reserve currency (potentially), unit-of-account (potentially), smart contracts(potentially).
2013-2014 BTC: smart contracts; ETH: smart contracts, speculative asset.
2105-2017 BTC: peer-to-peer electronic cash, medium-of-exchange, peer-to-peer remittances, banking the unbanked (especially in hyper-inflationary countries), unit-of-account (potentially).
2015 - ETH (& others) smart contracts, erc-20, DeFi, NFTs
2017 BCH: peer-to-peer electronic cash, medium-of-exchange, uncensorable transactions, peer-to-peer remittances, banking the unbanked (especially in hyper-inflationary countries), speculative asset, store-of-value (potentially), hedge against fiat inflation.
2017- BTC: What it is to most: speculative asset; what they sell it as: store-of-value; (Remaining actual use cases / qualities: uncensorable transactions, hedge against fiat inflation)
2019 BCH: + SLP
2020 BCH: + NFT
2021 BCH: + DeFi
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source https://www.reddit.com/r/btc/comments/mgaiak/btc_maxis_rewriting_of_history_appears_to_have_won/
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