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What about BCH? It seems like a reasonable solution still in the running
by briefcomment 5y ago
What about BCH? It seems like a reasonable solution still in the running
- wmf 5y agoBCH solved one of BTC's fatal flaws (transaction rate) but all the other fatal flaws like volatility, irrevocable transactions, being your own bank, etc. are still there.
- briefcomment 5y agoHm, but if we solved for those issues, we would probably just have USD. I thought the appeal of a fixed supply, non-double spend asset was to be able to keep up with previously exclusive asset inflation .
- wmf 5y agoThat depends whether you want Austrian digital cash or Keynesian digital cash.
- briefcomment 5y agoLol, it’s the first time we’ve had an Austrian money, and the market seems to like it.
- dannyw 5y agoThe last 3 things you listed are benefits, not flaws. At least volatility is positively skewed. I love positive volatility. Don't you want to make money?
- faeyanpiraat 5y agoNo such thing as free guaranteed money, all of this is just a fancy way to gamble.
- briefcomment 5y agoA lot of it, certainly not all of it. If something better exists, we’ll probably move over to it, and the transition period could be turbulent.