Interesting talk from the Nakamoto Institute guys

Started by speedy, December 30, 2014, 02:28:18 PM

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speedy

#3
December 30, 2014, 06:25:10 PM
Just made a twitter account and sent him the message.

toast

#2
December 30, 2014, 04:34:04 PM
So you emailed them before posting this, right? Right?
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

speedy

#1
December 30, 2014, 02:28:18 PM
http://cointelegraph.com/news/113214/the-nakamoto-institutes-first-podcast-rebuts-buterins-defense-of-competing-cryptocurrencies

In their criticism of Ethereum, The "nakamoto institute" guys made an interesting point: stocks pay dividends and bonds pay interest, which is why those things are worth holding. A currency doesnt pay either so its only worth holding if you know its network effect will increase its value, therefore all other crypto-currencies are snake oil (according to them).

Bitshares being a crypto-equity gets the economics right, and someday soon we will reach a point where payed delegates are no longer needed and dividends start coming in. Then according to their own arguments on competing crypto-currencies, they should be in full support of BitShares.
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