Nick Szabo  🔑

Consensus mechanism Supply schedule Fee vs inflation structure Synchronous vs asynchronous Liveness vs fault tolerance Platform grade vs sovereign grade CR Consistency vs Availability Data structure These are all examples of trade offs that offer some benefits over others

Clueless. But I bet you can destroy some noobs with those boobs.

Bitcoin can't do what $ZRX can do, nor can it do what $VEN is doing. You're obviously clueless. It's not all about cryptocurrencies.

@WeathermanIam said that only one protocol will survive because these are ‘protocol wars’. I call BS. I agree bitcoin will accrue the majority value monopolising ‘sound money’. I also think it’s naive to think other protocols can’t co exist serving different functions better.

That’s because you don’t understand what money is and that anything interesting, such as smart contracts, are more interesting when tied to money (and a bunch of other things).

Ok let’s talk about ‘money’ then because I feel that’s the core of your argument. Do you know what a Menger good is? Money isn’t a binary notion, certain good are more ‘money like’ than others. Btc is very money like but other goods/coins that support value can also act as money

Have you read @saifedean s book? I’m not going to try to recreate it here or my class where I cover this in some depth. But I will say money acts as a “unit of account.”

Yes I have. Have you read @NickSzabo4’s blog post on Menger Goods or the history of money? If a crypto network fills a valuable function better than btc could by incorporating different tradeoffs then the token supporting it will have monetary properties I.e claim on value, UoE