I hope someone will post this.
I still think the chain that can provide more utility to more people has the long-term greater value proposition, regardless.
If you measure utility in fungible money, then given fungible resources are always power-law distributed, then clearly the higher valuation will be the chain that provides more utility to the uber wealthy. In that case, they need the looong history of immutability as prima facia evidence of secure store-of-value that wont be debased nor disrupted. I am thinking the stock-to-flows model is all tied up into this prima facia driven confidence:
https://medium.com/@shelby_78386/apparently-not-400244cca3ccIf you measure utility some other way, then perhaps an altcoin for the masses has more utility. But do not expect to get more wealthy in fungible units of money from it. I am doing a deep think now on that notion. Actually the Bible comes into this in a major way. My next blog post will go into this and also explain how Bitcoin is very clearly a WMD created by the banksters.