shib

love ryoshi n @shytoshikusama

[shib @shibproject]

shibaswap is great awesome and is very much shytoshi's pet project. he has taken shib far and beyonds where ryoshi first started with the shib token.

[shib @shibproject]

digital commodities are paired value with an economy . @themainichi @Jerusalem_Post sega nintendo atari capcom

[shib @shibproject]

the value of the inu currencies go beyond blockchain . if the dollar can exist as a digital stablecoin, then doge and shib can exist as paper dollars . @themainichi @Jerusalem_Post https://t.co/GMESlcGwn8

[shib @shibproject]

one will ask what will that even look like besides abracadabra alakazam .

[shib @shibproject]

that there is a new method of chain proofing beyond proof of stake and proof of work which will tremendously erode the need of energy cost and even transaction fees .

[shib @shibproject]

now once again staring at ethereum's go implementation and studying binance adoption of proof of work i realize there is within it an epiphany .

[shib @shibproject]

quote on quote "shibarium" will have behave more like a stablecoin and will not be a value retainer but a transactional coin to service a much greater economy - the meme coin ecosystem . at best it should cost nothing to transact.

[shib @shibproject]

this causes it to have a duo objective, letting ethereum become something of great value competitive to bitcoin, but also as a transaction chain. this is simply undoable.

[shib @shibproject]

several things came to mind, ethereum was not designed specifically to service smart contracts, it was built to be a smarter bitcoin, thus it can not behave like what came very much later - stablecoins .

[shib @shibproject]

if this new ecosystem doesn't solve world poverty and hunger it simply is not worth our time .

[shib @shibproject]

and i can not imagine what shib would be like if it didn't have a system like shibaswap which allows for yield farm mechanics.

keep this in mind there were no yield farms or swaps when ethereum was first designed now we get to rethink rewrite and build in reverse.

[shib @shibproject]

this conversation is very much about shibarium and also the idea of a ecosystem that will support meme coins and take them seriously.

[shib @shibproject]

i am not sure if shibarium necessarily is the answer but there is no shibarium just of yet last time i checked nothing .

[shib @shibproject]

that being said ethereum has just risen to a bazillion dollars .

if the shib and other inspired studio ghibli coins are to survive they have to have their autonomy from ecosystems.

[shib @shibproject]

the alt coin ecosystem current is very much a shib doge thing.