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
Mark Puddleglum
npub1pj…8pud7
2023-12-24 02:00:11
Author Public Key
npub1pjekqyhcqvdgcfxykgk8kcdw68c2dumrndtlqdr8atnqgjuz83qs98pud7Published at
2023-12-24 02:00:11Event JSON
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"content": "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.\n\nI 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.\n\nRe-sharing this post, b/c it's such a good observation - and sharing here to remind myself of the TA pattern:\n\nhttps://twitter.com/tradebutwhy/status/1738134416755466567",
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