SOL - Can Bitcoin Ethereum And Solana Ever Become 'Hard Money?' Crypto Analyst Draws Parallels With How JavaScript Replaced Fortran | Benzinga
Influential crypto analyst, Willy Woo, recently questioned the potential of Layer 1 (L1) networks like Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), and Radix (XRD) to become hard money.
Can L1 Tokens Become Hard Money?
The analyst took to X, formerly Twitter, on Thursday, to express his skepticism about the ability of L1 networks to create a situation where their tokens become hard money. He compared these networks to computing environments that historically fall in and out of favor as the needs of applications evolve.
Example. — Willy Woo (@woonomic) April 5, 2024
Fortran was great for banks back in the day but who uses it now?
Web2 came along, suddenly JS became dominant as it catered for an Internet environment.
Most big apps today use multiple languages, each being fit for purpose for a subsystem. pic.twitter.com/rf7jfZdT0T
Bitcoin’s ‘Script’ Less Language More Protocol
Woo noted that though he uses Ethereum “every other week” to send the stablecoin ...