4 ms·
* Bitcoin is digital gold. Kinda interesting, but not enough to build a modern civilization on. * Ethereum is digital oil. Once the switch to proof-of-stake oc
by chrispeel 5y ago
* Bitcoin is digital gold. Kinda interesting, but not enough to build a modern civilization on.
* Ethereum is digital oil. Once the switch to proof-of-stake occurs, it will be a bit better foundation for some civilization, though it still has problems [1].
* One thing that Balaji does not address is that all current cryptocurrencies (or crypto-commodities if you prefer) act to increase economic inequality. When a large cryptocurrency provides a UBI and solves immediate technical problems [1], then we'll need to talk about roads :-)
[1] https://vitalik.ca/general/2019/11/22/progress.html https://vitalik.ca/general/2019/11/22/progress.html