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0 sats \ 2 replies \ @bryanlinton2 29 Aug 2022 \ parent \ on: Lyn Alden AMA bitcoin
Can you elaborate on why you think it’s unwise for a smart contract platform to advertise themselves as ultra sound money?
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330 sats \ 1 reply \ @m00ninite 29 Aug 2022
Let’s set aside the fact that “ultra sound money” is a ridiculous term.
Sound money doesn’t keep adjusting its issuance/burn rate based on whatever they feel like in that moment. Its consensus is also not centralized like ETH is.
Bitcoin is sound money because no entity controls it, and its monetary policy cannot ever change.
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0 sats \ 0 replies \ @StanKozlovski 2 Sep 2022
EXACTLY.
I have been pounding the table on this forever with all the hype-crazed .eth maxis.
It literally doesn't matter what Ethereum does, it can literally never be a better sound/hard money than Bitcoin. It's impossible, because it's core focus and core competency is elsewhere.
One sentence rebuttal that lasts forever: If Ethereum needs to add 10% inflation in order to outcompete Solana, it will always choose to do so.
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