Over70irregs
Well-Known Member
Did you actually study the law? Dunbars number? What do you do when nobody uses your product? Live users vs signups? I lean towards $ not lumber.
Bitcoin/Ethereum/cryptocurrencies
- Thread starter 35years
- Start date
Brownslave688
You want a toe? I can get you a toe.
The only reason work is done is because the number of tokens is every increasing.
Brownslave688
You want a toe? I can get you a toe.
Just listen to the guy who came up with the law.
You can listen to his keynote speech Monday if you like but I already know what he’s going to say. He’s said it a number of times already.
The first was the Internet connecting computers
Next Facebook and connected people.
Now he’s going to tell you the next step is the DKG and connecting data.
Over70irregs
Well-Known Member
Until year approximately 2140. Scarcity is what separates it from EVERYTHING else. Without that you have gold oil, paper, money And everything else that can be increased.
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Over70irregs
Well-Known Member
What he doesn’t tell you is scarcity. What he doesn’t tell you is proof of work. What he doesn’t tell you is absorption of testnets Collapsing into the greater network. Think of his law as a base layer having other things added to it later on. Or a network in a bubble so that it can work out the bugs without slowing down the greater good…….Now you’re starting to get it.
Brownslave688
You want a toe? I can get you a toe.
Or I’m sure I have posted it before but guy could read what he’s already said
www.zdnet.com
Ethernet creator Metcalfe: Web3 will have all kinds of 'network effects'
Decentralized knowledge graphs such as the kind that startup OriginTrail is making will lead to levels of value far greater than has been the case on the internet so far, says Bob Metcalfe.
www.zdnet.com
The supply is increasing. Inflation from current levels.
Brownslave688
You want a toe? I can get you a toe.
So you agree. Inflating the number of tokens in circulation is the only reason people choose to secure the network.
Voting can very quickly increase the max supply cap.
Miners aren’t going to go quietly.
Brownslave688
You want a toe? I can get you a toe.
Maybe explaining it to “ordinary mortals” is too much as metcalfe says.
Over70irregs
Well-Known Member
Has a 21 million cap. ~900/daily.
Over70irregs
Well-Known Member
Supply increases in one direction. Never is “burned” or rehypothecated.
Incentive 
Over70irregs
Well-Known Member
Miners are not the only people on the network. (See nodes) The system incentivizes inherent greed of a person not diluting their portion. Which takes us back to the first form of immaculate electronic scarcity. You can fork it but you will be by yourself. (See BitcoinCash)
Over70irregs
Well-Known Member
How much was the appearance fee? He has come a long way since 1980…..
Brownslave688
You want a toe? I can get you a toe.
People with these reputations don’t put it on the line for a little appearance fee.
BSI is a 120 year old standards body. Their entire product is that they’re trusted. There’s a reason they’re only partnered with one crypto
Over70irregs
Well-Known Member
Well umm hard $ doesn’t have any partners. You cannot call anyone. No zoom call conferences. Proof of Work is the trust. Everybody checks everybody. Gold has 5000k years of seniority and it’s being walked down. For some reason I hear we are going back to yellow rocks.
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Over70irregs
Well-Known Member
Someone studied and does not want to be found wanting….
Brownslave688
You want a toe? I can get you a toe.
Over70irregs
Well-Known Member
Crypto companies are pushing more overseas. BTC Etf will be approved. Banks want in.
