It’s possible to think EOS could overtake ETH as a trade, but also believe it’s completely insane from a valuation standpoint. That doesn’t change http://block.one ’s ability to prop up the price and significantly cut into ETH at launch.
Some would say that hypersecurity and disinflation (wealth preservation) are the greatest utility. You can store 90% of wealth in secure gold bricks (btc) and 10% in less secure/more inflating cryptokitty fuel.
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I’d argue there’s a correlation between inflation and security. More inflation incentivizes more miners/stakers to secure the network.
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Lol but if it inflates more than the dollar then what’s the point of holding it?
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If these assets aren't less inflationary than USD no one will want them. Inflation isn't the only way to secure. Transaction fees are the future of Bitcoin security. That's part of the reason for Layer-2 solutions
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I just realized DPoS is fundamentally different from PoS when it comes to inflation. In DPoS the block producers‘ share of the network grow overtime. In PoS everyone can stake/participate in staking pools and thus maintain their share of the network.
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dude “everyone” is not gonna stake in PoS. 20% max people will. Maybe fewer. The remaining 80% will see it as nothing but inflationary fuel commodity. In contrast, everyone views BTC as gold because its disinflationary for all
End of conversation
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Maybe, I don't know. So far it's been mostly 90% hype across all cryptos...
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