5 ms·

Hypothetical: what if us abandons the dollar and adopts bitcoin instead?

• paulcole 6y ago
  President Joseph Rogan pegs the price of bitcoin to the price of 1 pound of grass fed beef.
• ilaksh 6y ago
  Because of the low transaction rates among other limitations, Bitcoin could work as a digital equivalent to gold but not for currency. Ethereum 2.0 could work as a currency among many other things. Adopting something like that would be a very smart move for the United States. It would also be extremely difficult to do, and undermine the current sovereignty. One of the nice things about Ethereum is its programmability. So I hope that future sovereign digital currencies will be integrated using something like that, assuming an alternate digital global governance system built on open non-national protocols does not become viable.
  • Havoc 6y ago
    > Ethereum 2.0 could work Ironically China beat the West to the punch here too. Conflux network fixed the throughput issues already. It’s similar to eth2 except has been live for months (and picked a diff solution). Just doesn’t get much English coverage
    • ilaksh 6y ago
      Well, technically there have been many potential options for transaction increases. I just favor Ethereum for various reasons such as social momentum and technical soundness. Maybe I should buy some CFX though.
      • Havoc 6y ago
        >social momentum That is the key yes. There are a hell of a lot of Chinese though & following their social media chatter they see this very much as a "this one is ours" type deal. So it has social momentum too, just a very different flavour. Risky but I think the rewards could be there