7 ms·
Looks like all the chains will have their own money, also known as gift cards or store credit.
by regularhackerer 9y ago
Looks like all the chains will have their own money, also known as gift cards or store credit.
- brndnmtthws 9y agoUnfortunately I think that's where we're headed. They will copy the tech, call it "crypto", and now they're in the cool kids club. Bitcoin, however, will remain king because it's the first (Lindy effect) and it still offers more than any of the clones.
- atomical 9y agoIt doesn't offer more. It actually offers much less.
- mschuster91 9y agoI certainly see Bitcoin as a viable "middleman" for trading and arbitrage between all the altcoins. Right now that seems to be the biggest use case.
- brndnmtthws 9y agoYour opinion is irrelevant. The market has the last word, and the market has already decided Bitcoin is the most valuable and useful. You can verify this by looking at hash rate, market cap, and distribution (amongst other things). You may not like it, so feel free to downvote me, but the facts are indisputable.
- atomical 9y agoWell thank you for that. Noted. I'm going to give you an upvote just so I can have the satisfaction of seeing other people downvote you for being an asshole.
- brndnmtthws 9y agoDo what brings you joy in every day.
- dang 9y agoYikes, please don't be uncivil even if someone else is, or you feel that they are. I'm sure you realize that it's against the rules here, and that we ban accounts that do it. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- SimbaOnSteroids 9y agoDon't all the chains need their own currency? I was under the impression that both proof of stake and proof of work required that there was some form of native currency so that there was some incentive to secure the network.
- brndnmtthws 9y agoNot necessarily. There are also some coins which use methods of securing the network which don't require incentives (ex: RaiBlocks).
- SimbaOnSteroids 9y agoThen how does RaiBlocks plan on paying the bills of running a node.
- brndnmtthws 9y agoI suggest you read the white paper if you're interested: https://raiblocks.net/media/RaiBlocks_Whitepaper__English.pdf https://raiblocks.net/media/RaiBlocks_Whitepaper__English.pd...
- Donzo 9y agoThe proposition is that free, instant transfers are so awesome that people will voluntarily run nodes. I like Raiblocks. It really functions the way that people want Bitcoin to function (free, instant, complete [no dust] transfers).