Bankless SotN #3 GROWING (The Flippening is Back, India Banning China, DEXs going parabolic)
Jul 2, 2020
The discussion kicks off with the fascinating potential of Ethereum to surpass Bitcoin in market cap, exploring what that would mean for the crypto landscape. India’s decision to ban Chinese apps is examined, highlighting the implications for digital currencies. The hosts delve into the explosive growth of decentralized exchanges, with some surpassing traditional platforms like Binance. They also tackle the risks of state surveillance through digital currencies versus the freedoms offered by DeFi, emphasizing the importance of privacy in this evolving financial landscape.
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The Flippening
- The "flippening" refers to Ethereum's market cap exceeding Bitcoin's.
- Other metrics like transaction volume and active addresses are also considered.
Flippening Metrics
- Ethereum surpasses Bitcoin in daily transactions and total transaction fees.
- These metrics suggest a potential future "flippening" of market caps.
India Bans China
- India banning Chinese apps like TikTok and WeChat aims to protect user data and limit China's digital influence.
- This act asserts India's self-sovereignty against China's digital colonialism.