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Given that the main use of cryptocurrency is to increase fiat, and the main reason it increases fiat is based on the fundamentally poor design of guessing at ra
by stevebmark 5y ago
Given that the main use of cryptocurrency is to increase fiat, and the main reason it increases fiat is based on the fundamentally poor design of guessing at random numbers with increasing difficulty, I predict that if Etherium becomes more efficient, the price will drop and interest in the coin will implode. I'm genuinely curious if I'm wrong, why I'll be wrong. No one cares about BCH, for example, even though it's more efficient than BTC.
- hamolton 5y agoI disagree. The initial investments in these big currencies were from people thinking that they could become a practical currency with real-world use due to its lack of regulation and name-attached government tracking. The bulk of fiat driving up the price since then has been somewhat blind speculation. None of these change with PoS; instead, holders are now rewarded for verifying transactions.