Read on Twitter
1/11 - A thread: Comparing $QNT to $BTC as a store of value:
BTC actually has maybe the most tenuous grip on being a store of value in all the coins I have researched. Bc that’s ALL it is. An agreed upon store of value bc of its name and reputation. The coin has no other
BTC actually has maybe the most tenuous grip on being a store of value in all the coins I have researched. Bc that’s ALL it is. An agreed upon store of value bc of its name and reputation. The coin has no other
2/11 - real use case. It’s slow for transactions. Can take 10-20 min for a $BTC transaction to go through. If you’re at the store buying a pack of gum that’s not gonna fly. And the fees for transactions are high. Plus it’s an extremely energy intensive process to mine
3/11 - Bitcoin. So it’s not a green solution in a world that is obsessed with climate change. By contrast you have coins like $XRP, $XLM that are lightning fast with transaction speed. 3 seconds. And infinitely lower transaction fees. And infinitely lower energy expenditure.
4/11-So as far as using $BTC as a global currency that’s never really going to happen unless there is a technology layer applied on top of the tech that powers BTC as it is now to make it faster and more efficient and less costly. So what other use case does BTC have? Nothing.
5/11 - Essentially a store of value based on reputation simply bc it’s got a forever fixed limited supply and thus your $ doesn’t get diluted when you hold it in $BTC.
6/11 - But again, there are other coins that have the same exact characteristics AND also have multiple other incredible real world applications (use cases). Take my biggest position for example: a token called $QNT.
7/11 - Read this article. The company who created the $QNT token, @quant_network , is a fintech co that is going to revolutionize the global financial markets, the internet, the supply chain industry, healthcare, and many other major industries with their interoperability
8/11 - solutions. And in order to use quant’s services you MUST use the $QNT token. That’s why they call it a utility token. Bc it’s needed to operate on the Quant network.
So what does this all mean?
So what does this all mean?
9/11 - It means that &QNT has ALL of the characteristics that Bitcoin has (minus the reputation in the broader community but that is changing) to be a great store of value. BUT it has some major advantages of Bitcoin:
10/11 - 1) lower supply. Bitcoin has 21mm total possible supply. $QNT has 14.5mm.
2) a massive built-in use case that REQUIRES large institutions to hold the token other than as a store of value (to use Quant’s servces)
2) a massive built-in use case that REQUIRES large institutions to hold the token other than as a store of value (to use Quant’s servces)
11/11- 3) from an investment standpoint, $QNT price is currently sitting @ around $30. Imagine buying Bitcoin when it was at $30. If you could go back in time would you do it? With QNT you don’t have to. You can just buy QNT and watch the magic happen! https://www.altcoinbuzz.io/reviews/altcoin-projects/10-reasons-to-buy-qnt-quant-network-in-2021/
