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if google, facebook etc get disintermediated by blockchain than the stock is worthless too. The value is in the network. Not the code. Should devs get paid? ye
by sharemywin 9y ago
if google, facebook etc get disintermediated by blockchain than the stock is worthless too.
The value is in the network. Not the code. Should devs get paid? yes.
why should a dev get any premium over any other early adopter that contributed value to a network?
In my opinion the work(dev, qa, docs etc) of a network should be put out for bid with a minimal as possible funded by trx fees.
Bitcoin already served it's purpose to get money into the crypto ecosystem.
- dragontamer 9y ago> if google, facebook etc get disintermediated by blockchain than the stock is worthless too. Stock can be worthless, but the resulting company can still provide a useful service and job to many. Still, high stock prices provide a benefit to the company. Everyone knows TSLA's stock is overpriced, but that's basically a good thing for TSLA. BTC is the opposite. At $20,000 per BTC, it was impossible to transact BTC for less than $30 per transaction. The network grew less and less valuable as the price of BTC goes up (and as BTC Transaction Fees are typically paid in... BTC... higher USD/BTC means higher transaction fees). A high-stock price is beneficial to the company. A high BTC price is detrimental to the BTC community. BTC will survive this crash. Cryptocurrencies will survive. AND they will become more useful when the prices drops down to something reasonable (Watch as transaction fees are dropping with these lower prices). It sure sucks for the "investors" who were suckered into believing otherwise. But seriously, there's very little value in attracting "dumb money" investors who would have lost their money in the next dumb penny-stock herd-mentality scheme anyway.
- sharemywin 9y agoLike a bad strand of DNA bitcoin will probably die. The miners had too much power and so the chain didn't adapt.