Because 10x improvement over money is 7 tx/s right? If it was that easy, crypto would be our money now. I’d say both share similar magnitude challenges: poor scalability and giant moats to overcome (centralized governments and centralized enterprises).
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No way. This was all a pipe dream just 6yrs ago. It's *incredible* how far we've come. A purely abstract digital ledger commands $120B in value & credibly threatens humanity's 5000yr old go-to store of value (gold). It is absolutely unprecedented & amazing that we're here in 2018
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I agree but Murad's quote was about "money" -- I take that to mean MOE, SOV, and probably UOA. Nothing is that today. That is fact. And yes, it's taken 8 years and we're still not there. My point was simply that both are challenging.
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nowhere in my original quote is there a word "today" 8 years is nothing compared to centuries and millenia previous media of exchange took to get cognitively monetized please have patience
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Yeah tech is shrinking what would take centuries into decades. It’s pretty incredible. But complacency is the enemy of progress. Still a long way to go.
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Replying to @panekkkk @MustStopMurad and
Thought experiment: Imagine a world where Ethereum was created as it is now in 2009 and bitcoin was created today
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Replying to @kacperwikiel @MustStopMurad and
I’ve posed a similar experiment: imagine no BTC, how would we view ETH? BTC gained a lot from being the genesis crypto, its founder myth, durability + immutability of MP over time etc. Would likely be seen as some scam fork in today’s ICO world (depending how it launched).
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Replying to @panekkkk @kacperwikiel and
forked/alt created to be deflationary/fixed cap to be a better SoV schelling point Highly recommend Paul Storzc’s article on Deflation on this: http://www.truthcoin.info/blog/deflation-the-last-word/ …
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Replying to @MustStopMurad @panekkkk and
"if Bitcoin didn’t have a fixed money supply, it would be replaced by something which did. money exists to be saved, the savers are better off on the fork which most encourages saving."
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fixed supply (or as close to it as humanely possible) will inevitably win. the market demands it. the world deeply desires it.
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