BitShares Forum

Main => General Discussion => Topic started by: speedy on December 30, 2014, 02:28:18 pm

Title: Interesting talk from the Nakamoto Institute guys
Post by: speedy on 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.

Title: Re: Interesting talk from the Nakamoto Institute guys
Post by: toast on December 30, 2014, 04:34:04 pm

So you emailed them before posting this, right? Right?

Title: Re: Interesting talk from the Nakamoto Institute guys
Post by: speedy on December 30, 2014, 06:25:10 pm

Just made a twitter account and sent him the message.