@JustDeauIt You’re right, returning cash flow to holders (like the cos you mentioned do with something called buybacks) is only necessary if you’d want the average investor to be able to get more money out of an investment than they put in.
@LetsGROWdao Great hearing the vibes in this space! This project aligns well with recognizing and tracking impact for public goods using a novel vouching method. Let’s restore honor to crypto https://t.co/BVqnvoMc8k
Excited to announce HonorCode has been accepted in the latest GG19 round! https://t.co/wdsvRs0EoK
This is a new token standard/project reputation protocol based on earlier posts. The contracts are nearly complete and we're looking forward to engaging with the community.
@nntaleb Next month Ethereum will begin burning its transaction fees, benefiting all holders. Ultimately this change could potentially lead to a deflationary supply.
@nntaleb Putting aside the medium of exchange issue: is there value (as % of basket) in a digital network that facilitates trade in such items w/o credit/banks? Further, is there value in an asset used to secure, support, & lubricate this hypothetical distributed system, as gold once did?
@nntaleb In a hyperinflation scenario, the dollar becomes unstable and bitcoin becomes the stabler coin. Fluctuating value today reflects the noisy probability of such a scenario.
@ashleighschap How is it not stealing when sushi’s stated goal was to be a complete substitute? If this community doesn’t build cultural defenses against clones, it’ll cannibalize itself and allow walled gardens to take over.