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…ks are not traded on blockchains, prime brokers don’t give leverage on blockchain assets and so on. In the future, this will probably change and more of Numerai could be decentralized and connected to the Numeraire token.
The larger network a currency has, the better — which then causes more people to buy in, further reinforcing this value. As liquidity differences between two different moneys grow, there’s a disutility to holding whatev…
…nty. A true money isn’t just an asset with narrow utility, but one that you cannot survive without. It’s an investment in future uncertainty and a vehicle to transfer wealth across space and time. It’s like Star Trek. But with money.