This right here is what Milton Friedman would want in a cryptocurrency. Maybe a higher inflation rate of 3-4% per year, but everything else is perfect.
This right here is what Milton Friedman would want in a cryptocurrency. Maybe a higher inflation rate of 3-4% per year...
Hudson Nguyen
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Ryder Reyes
refute this
Liam Walker
Monero is what BTC should have always been
Josiah Campbell
It's a good short term hold but in the long term it won't matter once ETH gets optional privacy + default privacy through dapps
Thomas Nelson
Will it be on par with Monero privacy?
Julian Evans
Wrong, Monero is also working on the transaction costs and speed. It's obviously the comfiest long term hold
Adam Nelson
We’re coming for you ETH
Liam Garcia
You'll be able to send transactions anonymously using zkSNARKS. It will technically be less private than Monero's 100% default privacy, but I think that most use cases will be still be covered. You won't have to worry about someone looking up your address after you pay them which is the biggest reason for privacy right now.
Nicholas Martinez
ETH will get replaced by BCH, because ETH like everyone else refuses to scale on block size. BCH could replace XMR in the long run because of zks being added to it as well. Which is bitter sweet, because XMR is a big hodl for me, but so is BCH.
Henry Stewart
Eth isn't intended to be a currency you absolute brainlet
Luke Morales
Doesn't matter, companies are just going to set up an app that lets you send any crypto you want and it will instantly cash out to USD.
ETH actually has a dynamic block size. BCH is doomed to fail because PoW is obsolete.
Josiah Roberts
>PoW is obsolete
Its the only proven system. PoS is actual dumpster fire consensus method. Ensures that only rich people make money and the only way to out compete people in PoS is to have more money. Absolute kikery. Whereas PoW the variables are all over the place as to out compete other players in the market. BCH is getting adaptive blocks.
Christopher Harris
Optional privacy is no privacy, address balance will not be private. zkSnarks requires a trusted setup / backdoor.
ZCash only has 1% of transactions private which makes the pool a lot o smaller to hide in. It does not work as it was intended.
Scaling on the blockchain will not work. We need a system like Raiblocks but with fees (node insensitive) and Privacy. Balance / transactions
Owen Jones
DAGs are not crypto. DAGs all fundamentally rely on a system of trusted nodes. I can send BCH payments and they only take a couple seconds to arrive, 10 minutes to confirm. If a couple of seconds is too long to receive payment then idk what to tell you.
Ian Stewart
Poor people can't afford to run mining rigs, their electricity costs will be higher than their rewards. But even a baby could stake ETH if you set up a smart contract for it
Tyler Martin
In PoS systems, smaller holders will always be at the mercy of larger holders with no way to directly out compete them to remove incompetence from the system. PoS is dog shit when applying economic theory.
Joshua Torres
>no way to directly out compete them to remove incompetence from the system.
That's not true, they could fork to a near identical version where the only difference is the balance of specific addresses is set to 0. There was a BTC fork that removed Satoshi's coins.
Christian Young
So instead of being allowed to compete on the mainnet they have to fork off and be exiled from the system. Great plan, Shlomo.
Caleb Martin
>This right here is what Milton Friedman would want in a cryptocurrency. Maybe a higher inflation rate of 3-4% per year, but everything else is perfect.
Milton Friedman was actually pretty poor when it came to monetary policy. He would probably prefer a more centralized currency that could be adapted into the tax code for large business purposes.
Murray Rothbard would have loved Monero.
Bentley Evans
Friedman didn't like centralized government.
Jack Nelson
kek that will be complete shit compared to Monero
Jayden Ortiz
>Friedman didn't like centralized government.
He liked centralized currencies though. He thought the Federal Reserve system could stabilize currencies more sufficiently than a free banking + gold standard naturally arrives at.
William Collins
>1 hr video
Yeah he might of actually now that I think of it though, because he's made arguments in favor of UBI. I don't know where the interview is though, but he described a system in the future that sounded a lot like crypto currency. I think if he were around today he'd be in overwhelming support for crypto.
Michael Johnson
>Ensures that only rich people make money and the only way to out compete people in PoS is to have more money.
Yeah as opposed to mining which is super cheap.
Jason Cooper
Cool just dumped 100k. Fuck kikes
Adrian Cooper
>Yeah as opposed to running a ANY BUSINESS which is super cheap.
That's basically what you're saying. Mining is a business and in business there are ways entrepreneurs out compete with each other. Not everyone needs to be a miner for the same reason not everybody needs to run a business in general. In PoS you will never be able to out compete players on top with the largest bags. Its as simple as that. There are no innovative ways to have a larger stake, there are innovative ways to make your mining more efficient and profitable. Allowing competition which is essential to free market systems.