Most cryptocurrency space newcomers and “thought leaders” overestimate Smart Contract platforms and underestimate Bitcoin as the biggest blockchain of the future. People are overapplying SV / SF / VC / Startup ideas and underapplying Sound Money / Austrian economics ideas.
What features other than privacy are worth % inflation losses to you? Is “Programmability” worth 2% wealth erosion? And how much of your cryptowallet wealth would you hold in BTC vs. feature rich in that world? Intuitively feels like value preservation is paramount for SoVs.
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I'm just speculating because this doesn't exist *today.* But if I can trustlessly trade on prediction markets, to hell with SoV. Also, separately, what happens to your argument if ETH becomes disinflationary (which is being talked about these days).
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You think mere ability to trade on prediction markers is worth 2% annual wealth erosion? And wrt ETH, Inflation is one part of it, it’s still not as Secure, Censorship-Resistant, Decentralized and Immutable as Bitcoin.
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I'm not gonna go through and give a list of every use case for programmability. Also, disagree with you about Bitcoin being more of any of those features you listed. Plenty of evidence to show ETH is just as secure, if not more.
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DAO hack? Parity bug? Vitalik cult? Even *mere* discussions of rollbacks? Wider attack space? Are you serious right now?
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Bitcoin had bugs early on too. Comes with the territory of innovation. I'm thinking that on a 20yr timeline, ETH will be just as decentralized and censorship-resistant as Bitcoin, plus orders of magn. more useful.
End of conversation
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