That was a rhetorical question, aka an example. And most holders don't want to change BTC because they are in it for the profit, not for the technology. Also it is rather hard to reach consensus.<<<that is why it is simpler to start from scratch
Kevin O'Leary on FTX
- Thread starter The_Krakenite
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That was a rhetorical question, aka an example. And most holders don't want to change BTC because they are in it for the profit, not for the technology. Also it is rather hard to reach consensus.<<<that is why it is simpler to start from scratch
Correction!
I said CZ 'WAS' the most hated person out there in crypto-land. But now, I'm not so sure. SBF may have just taken that position over...
Let's see how much worse this gets after the investigations are done with...
In this case, it looks like CZ was pretty smart, and nailed multiple-birds with one stone inside the battle of glass-houses.
I said CZ 'WAS' the most hated person out there in crypto-land. But now, I'm not so sure. SBF may have just taken that position over...
Let's see how much worse this gets after the investigations are done with...
In this case, it looks like CZ was pretty smart, and nailed multiple-birds with one stone inside the battle of glass-houses.
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4) Eliminate banks (be your own banker).
5) Stop fiat seignorage - crowd sourced money. This stops the warfare / welfare state in its tracks with sufficient adoption.
6) Have an always known, unchangeable rate of inflation, typically a disinflationary one, like BTC.
7) Create irreversible transactions.
8) Fully auditable tx trail, publicly available.
Stables should be anchored to gold, btw, not USD, etc.
I can assure you, that inside the Ethereum space, CZ was pretty much hated for a long, long, long time, and I am trying to think of times when even professional type podcasts tried to say anything positive about him.
That said, if you're a holder of BnB or shitcoins like that, then I can see CZ not being disliked as much. After all, if you're using Binance--
When I think of it, much more hated than Justin Sun would be Do Kwon. We could also throw in a lot of other names around, like Gerald Cotten & Michael Patryn, etc.
We must not forget Dr. Ruja Ignatova which I believe she's still on the top-10 most wanted list. A lot of hate is still out to get her, and some of her hench-men were found not too long ago in suit-cases laying in a ditch.
And I suspect here's the latest woman (is it ok to call her that?) to also be added on the shit-list:
Whats wrong with Paxos Gold stable coin? Apart from maybe too high fees, what is wrong with gold-backed stablecoins?
Baron
ET Founder
I have a TV to sell you. You ask me how much? And then I tell you it costs .277 of a gold stablecoin. See the problem?
People don't think in gold. They think in terms of Dollars, or Euros, or Yen.
Same arguement for crypto.
Baron
ET Founder
Another generic "crypto" reference. All crypto is not the same.
Crypto payments via stablecoins can easily be used for transactions today with no additional thought required:
I have a TV to sell you. You ask me how much? And I say $499, and you can pay that amount today via cash, PayPal, or USDC stablecoin.
Sure, if I start quoting you prices in fractions of BTC or ETH or some other crypto asset, then yeah, that's no easier or better than quoting the price in gold.