L1 tokens won’t become currencyCurrently, Bitcoin and Eth are just stores of value; useful for certain things like hedging inflation, but not enough to be considered money in the world of atoms. For that to happen, they’d need to also become a means of exchange and a unit of account, which seems rather unlikely given their current volatility and scalability woes.Stable coins have a much better chance at becoming currenciesKrugman famously said the dollar has value because the men with guns — ...
