Replying to Avatar Mark Puddleglum

I have an open mind re. #ethereum as being good for the world. I hate the scams/rug-pulls/etc (often facilitated by the ease of token-age via ethereum's design), but I like the many innovations happening in ethereum's ecosystem. And yes, from a global money systems perspective, we absolutely need better money. But I'm not beholden to the bitcoin-only mindset. If, in the future, bitcoin is the only cryptocurrency with lasting value, so be it. I'm also not smart enough to develop strength of conviction that PoW is better than PoS, and currently I like that we have both options. In some respects, I like PoW better, but it currently feels like the work done could have more computationally positive externalities.

I only recommend bitcoin to friends not willing to engage the often-changing drama of the ecosystem of crypto assets. It offers plenty of beta relative to what most people have experience with, so just allocating a sizable proportion of bitcoin is more than enough, for most.

Re-sharing this post, b/c it's such a good observation - and sharing here to remind myself of the TA pattern:

https://twitter.com/tradebutwhy/status/1738134416755466567

Avatar
Vagrant Lover 2y ago

PoS is not decentralized so its a corpochain

Its also horrible to program on and insecure

This is objective fact. I worked in ETH and it was shit.

Google web3 hacks to see more or issues with solidity

Reply to this note

Please Login to reply.

Discussion

No replies yet.