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Vitalik is a saint in comparison to Hoskinson, but that doesn't mean Ethereum is sound money. It is what it is; lots of good innovation there, but sound money,
by javert 5y ago
Vitalik is a saint in comparison to Hoskinson, but that doesn't mean Ethereum is sound money. It is what it is; lots of good innovation there, but sound money, it is not.
- whitepaint 5y agoNone of the cryptos are sound money ("money not liable to sudden appreciation or depreciation in value") except stablecoins on Ethereum. Bitcoin can easily lose 80% of its value in a month and no one would be surprised. Bitcoin is the biggest speculative bubble of all time. It absolutely has no utility (imagine if Bitcoin disappeared now - what would the world lose?). The actual real exciting stuff regarding the cryptos is here: https://ethereum.org/en/dapps/ https://ethereum.org/en/dapps/
- javert 5y agoBitcoin can be sound money after the price stabilizes, which will probably take decades if it ever happens. Nothing else in the world ever could be sound money except commodity money, like gold, but I'd argue that bitcoin is better.