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> It's primarily a speculative instrument, not a currency. As a result of its capped supply, which incentivizes hoarding. For use as currency, a pure linear su
by tromp 2y ago
> It's primarily a speculative instrument, not a currency.
As a result of its capped supply, which incentivizes hoarding.
For use as currency, a pure linear supply like 1 coin per second forever is preferable, avoiding wealth concentration as well as the long term problem of chain security depending on fees.
- jqpabc123 2y agoImagine a company with no assets, no product to sell, no service to offer, no dividends or annuities to be paid and no reasonable plan or intent to ever change any of the above. It's only reason for existing is to issue stock. Lots of pretty and unusual stock --- based on nothing but the sheer hope that enough people can be somehow convinced to collect, trade and speculate with it. And by the way, ownership will be creatively maintained on a blockchain. Would you buy in at $65k per share? If so, then bitcoin and DJT stock might be for you. While you're at it, how about a few Bored Ape cartoon bitmaps that can be algorithmically generated in perpetuity?