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One of the biggest mistakes of cryptocurrency was calling it cryptocurrency. Distributed Ledgers have multitudes of use cases. One of them is as a currency, bu
by meowkit 6y ago
One of the biggest mistakes of cryptocurrency was calling it cryptocurrency.
Distributed Ledgers have multitudes of use cases. One of them is as a currency, but you don't need the base layer to be a currency. ETH doesn't need to be spent as much as its needed to act as a quantitative measure of ownership and buy in. You can build a currency on the second layer, which has been done.
- omginternets 6y agoCan you elaborate on this a bit more? Doesn’t ETH on some level have to change hands for work to get done?
- deleted 6y ago[deleted]