cryptobanking

Ethereum

crypto ̶c̶u̶r̶r̶e̶n̶c̶y̶ -> crypto

There are two “currencies” in the top ten cryptoassets by market cap, USDC and USDT

No one wants BTC or ETH to have the supply properties necessary for money — namely, the ability to respond to demand spikes

What if…

https://onetruekirk.github.io/money_supply.html

The goal of this line of research is to create a denomination whose supply characteristics are not controlled by a trusted party, and which is suitable for both long and short term debts


Proof of Work is the only known mechanism to define a deterministic cost of production for a digital asset

Father, garden appreciator, Protocol Specialist @morpho

It’s wasteful to produce a large number of currency units via Proof of Work, so a lender can pre-generate supply to lend, with the cost of production needed only for marginal increase to ensure borrowers cost of repayment is capped to a deterministic value

There is another framing to the use of gold as a basis for currency which is that it's more like Bitcoin than it's not. It's true that its supply scales with demand–but the total amount of gold on Earth is fixed. Not unlike mining difficulty scaling for BTC

seasoned meme executive | https://steakhouse.financial

I would disagree — unlike Bitcoin, there is no reason to think the gold supply will be unable to expand to meet demand at any point in the foreseeable future. The amount of gold in the Universe, or even just deep within the earth, might as well be infinite from a human perspective

There is another framing to the use of gold as a basis for currency which is that it's more like Bitcoin than it's not. It's true that its supply scales with demand–but the total amount of gold on Earth is fixed. Not unlike mining difficulty scaling for BTC

https://www.gold.org/goldhub/data/how-much-gold