phase5

how about trying a distributed censorship resistant version like skiff.com?

Meher Roy, CTO of Chorus One explores the scenario where ETH L1 token loses value against the L2 tokens that are emerging.

He revisits Ethereum's scaling history and talks about the new layer 2s that are emerging like Starkware.

He posits that liquidity will leave ETH L1 in favor of ETH L2s and also ETH's pivot in narrative to adopt 'moneyness' as an attribute is dangerous.

The author doesn't understand the value of distributed censorship resistant consensus that's secured by energy.

Also the author fails to consider the situation of 80% of humanity who live in countries that experience hyperinflation frequently. https://bitcoinmagazine.com/culture/check-your-financial-pri...

So well written and you're working for BART? What's going on with this world? Promote this guy.

The guy has absolutely no idea what he's writing about. He lost me at:

money issued by central banks, fiat money, acts as a ‘store of value’ – it preserves the spending power of income and wealth, so that you can be confident that a pound, say, will buy about as much in a year’s time as it would today.

It's been more than a decade of innovation. Gary Gensler (SEC Chairman) has acknowledged the value of Bitcoin. Lets ignore idiots like Jorge Stolfi. He's no different from the BSV characters...

Here's some other articles on the problems with Ethereum:

https://github.com/libbitcoin/libbitcoin-system/wiki/Proof-o...

https://hugonguyen.medium.com/proof-of-stake-the-wrong-engin...

https://hugonguyen.medium.com/work-is-timeless-stake-is-not-...

https://medium.com/hackernoon/sharding-centralizes-ethereum-...

https://blog.lamden.io/turing-incompleteness-and-the-sad-sta...

There is a newer more comprehensive one which is worse for privacy https://www.coindesk.com/new-crypto-bill-in-us-congress-is-t...

I think he needs to checkout Lightning Network. Adoption is going parabolic.

There's a big difference between entrepreneur vs business owner. Entrepreneurship refers to creative destruction which some people actually thrive on because it gives more meaning to their life as opposed to a mundane job or small business.

The environmental damage is highly inaccurate. In fact Bitcoin is a driver for renewable energy. Here's why: https://assets.ctfassets.net/2d5q1td6cyxq/5mRjc9X5LTXFFihIlT...

Here's a more in-depth thread on Bitcoin and the Environment if you need access to more articles: https://twitter.com/asianhodl1/status/1392678699531575302?s=...

Bitcoin is voluntary not compulsory. For the vast majority of the world it provides access to a more trustworthy financial infrastructure because almost 6.8 billion people aren't born with access to USD, EUR, SGD, JPY etc.

BTC is a digital bearer instrument, meaning its value is wholly digital and is a decent option as property rights for those at the bottom of the pyramid.

If you've lived through hyperinflation, Bitcoin is a decent option to consider.

I highly recommend this article with a purview of Bitcoin outside the West: https://bitcoinmagazine.com/culture/check-your-financial-pri...