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Filecoin, for one. Long-term data storage is essentially a byproduct of its mining algorithm, much like waste heat from Bitcoin miners. Also, there's utility i
by cryptoquick 6y ago
Filecoin, for one. Long-term data storage is essentially a byproduct of its mining algorithm, much like waste heat from Bitcoin miners.
Also, there's utility in a trustless, predictable, uncorruptible source of scarcity. Meanwhile, the supply of gold is difficult to audit, we have no idea to what extent nation states are manipulating its supply.
The value of a deflationary monetary policy cannot be understated.
- rodiger 6y agoFilecoin is useful, but incredibly overpriced and its model unfortunately perpetuates ponzi-like investing[0]. Also deflationary monetary policy is awful if you want people to spend money. Why buy something today if it will be cheaper tomorrow? [0] https://www.reddit.com/r/CryptoCurrency/comments/mhpaar/filecoins_fully_diluted_marketcap_is_417_billion/gt0dwpb?utm_source=share&utm_medium=web2x&context=3 https://www.reddit.com/r/CryptoCurrency/comments/mhpaar/file...