Ethereum’s unknown monetary policy is a positive for me. It’s still too early to know what its optimal monetary policy is. Plus Proof of Stake isn’t even live. I trust that its thoughtful community will eventually arrive at the right answer. There’s no reason to rush.
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It is pretty obvious Bitcoin Cash was created for this purpose. Hard to imagine “demanding” to use an over complicated, expensive fork.
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Bitcoin cash is A dump but Anyway. I don’t see people spend their btc for regular purchases. Rather bitcoin backed-Lightweight stable coins and btc just sits in vaults like gold doing nothing.
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Assuming Bitcoin is a massive success, people will be more likely to demand Bitcoin payments than stablecoin payments in my view. In 1600-1900 you just paid with gold itself. Paper notes were backed directly with precise number of grams of gold
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But how do you think fee's will be with a 10 trillion marketcap and several dificulty adjustments. I think you need something lightweight. Than btc will really be gold right. Its doesn't make sense to pay with gold,
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Lightning Network
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I understand Lightning network but it doesnt seem the elegant solution it needs. I doubt it will be Lightning but i’ll gladly be wrong.
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Blockchain (Bitcoin) was also not an “elegant solution” once upon a time, too complicated! This is why nobody paid attention to it in the early days.

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Yet everyone and their grandmothers now sit around and discuss the supposed “inelegance” of Lightning Network. Quite amusing.

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