Blockchains are only “unstoppable” if miners are incentivized to uphold it. The incentives are sufficient if and only if the token retains value The only unstoppable chain will be the one w. sound money First a chain must create sound money, then it can create fun things on top
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Replying to @BMBernstein
This is what surprisingly a lot of people don’t get: all altcoins/tokens, regardless of their claimed goals, must evolve into censorship-resistant money in order for them to work. Money is at the heart of all this innovation. If you don’t have that, you don’t have anything (new).
3 replies 2 retweets 20 likes -
Replying to @hugohanoi @BMBernstein
Sar Haribhakti Retweeted Sar Haribhakti
Various camps on this debate are coming at it from what has made them money or what they have been doing in the pasthttps://twitter.com/sarthakgh/status/1024318549773283328 …
Sar Haribhakti added,
1 reply 0 retweets 1 like
Oh, the pitfalls of lazy analogical thinking
If you focus on the 1-to-100s and skip the 0-to-1s, you’d miss the forest for the trees.
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