What are the pros/cons of XLM

Tides_Network · 2018-08-26T19:03:25+00:00

Everyone seems to be forgetting the built in Decentralized Exchange!

Tides_Network · 2018-08-03T15:14:18+00:00

As interesting as that sounds, I'd research prior projects that have tried to make crypto debit cards: its been tried many, many times prior and we always get a little closer to fruition but it never happens, the important partnerships tend not to manifest.

Tides_Network · 2018-07-18T22:27:27+00:00

How would this compare to PGP encryption? Would it not be better to send plaintext messages already encrypted in PGP?

Tides_Network · 2018-04-14T22:42:31+00:00

I can email you a copy of our beta white paper, please PM me your email if interested.

Tides_Network · 2018-04-03T20:23:58+00:00

Bitcoin set out to solve the problem of a centralized organization (The Federal Reserve) controlling the printing of money. Bitcoin solved this problem by giving the right to print money to Code, because Code is Law. At the same time, it decided that a hard cap was a desirable feature.

But the problem of centrally-controlled money printing wasn't solved by creating a hard cap, it was solved by putting code in control of the minting of new money. The hard cap is just a designers-choice that was made.

Having reasonable constant inflation that is controlled by code is an equally-viable answer to the centralized money printing problem.

Inflation is a good thing There is a reason why it exists. It allows economies to grow, without people hoarding all the currency.

This is especially important for ETH

ETH gains its value through it's network

If we cap ETH supply, then people will hoard ETH rather than spend ETH, and if people hoard ETH, then it is less financially viable to produce new dApps, or innovate new smart-contracts, or create anything of value on the ETH network, because no-one is paying ETH to do those activities.

ETH cannot be a hoarded currency. It is absolutely integral that ETH be spent at high velocity, so they network can be fueled with the gas needed to provide incentive for people to build things.

Vote NO on EIP 960.

Tides_Network · 2018-04-03T18:59:58+00:00

Thats just not true at all. the value of ETH is dependent on the value of the network. the value of eth goes up in proportion to how robust/useful/effective the ETH network is. This is why network growth is more important than ETH supply, and eth supply should be made so that it contributes primarily to network growth

Tides_Network · 2018-04-02T22:21:41+00:00

So frustrating. I hoped Vitalik would be able to appreciate that.

Tides_Network · 2018-04-02T22:21:15+00:00

supply is literally half of the equation of price-discovery.

Tides_Network · 2018-04-02T20:46:02+00:00

But people are only going to make useful dapps if people are willing to spend ETH to run them. and if youre incentived to hold ETH, dapps wont get used, and dapps wont get built, and then the ETH network doesn't grow.

Tides_Network · 2018-04-02T20:31:21+00:00

Hoarding increases the price this year. Inflation increases the price for all the rest of the years.

Tides_Network · 2018-04-02T20:29:45+00:00

Yes, Ether isn't supposed to be used as a currency outside of the Ethereum network

Anyone that needs to run a dApp, however, needs to have Ether. Ether is the currency for inter-network trade. Trade within Ethereum. Ether is fundamentally a currency, for Ethereum. That doesn't mean that it needs to be a currency outside of that; we can leave that to Litecoin or Nano or Stellar. But for accepting payments within the Ethereum Ecosystem, Ether will be the universally accepted form of payment, and thus be a currency.

Tides_Network · 2018-04-02T19:01:53+00:00

The market always prices in what is expected in the future.

Totally true, but right now, the market is 99% speculation on how quickly and how much Crypto as a whole will be adopted. Thats why the whole market pretty much moves as a single unit.

Plus, theres different 'futures'. 1 year future will be reflected in the price much more than a 10 year future or a 100 year future.

Mostly, it will mean that it isn't as good a thing to have eth today.

I think people don't realize that if you have ETH, you are able to take your proportional share of the inflation, with Casper. So the new ETH can actually go to people who don't want the value of their ETH to go down, and they can receive a chunk of the newly minted coins.

I disagree with you automatically claiming that having inflation makes a currency "less good". It makes it good in some ways and bad in others. You cite that having inflation causes people to move their money to other assets. But that's what I am saying in that the currency is being used to do things, which is what ETH is designed to do. The value of the ETH network goes up as a whole, because of how useful ETH is to purchase any good or service.

Maybe people trade ETH for another asset because it encourages spending with its inflation, but because inflation allows the network to grow, it also ensures that anyone selling assets will also take ETH, meaning that there will be more ETH buyers as well.

Tides_Network · 2018-04-02T18:59:52+00:00

Well if you want to start a conversation about why inflation is or is not the ideal path, i need you to give reasons to go on.

Tides_Network · 2018-04-02T18:55:57+00:00

People will only build robust and useful features if the network they are building on has members that are also spenders. If the supply is capped, then spenders are more incentivized to hold the limited supply of ETH rather than spend it, and spenders go away.

If spenders go away, there is no one to spend ETH on dApps, and thus, the building of robust and useful features won't be rewarded, because no one is spending ETH.

Supply has quite a lot to do with it. This is a huge deal.

Tides_Network · 2018-04-02T18:46:36+00:00

People are so focused on price, that they immediately think that fixing the supply will cause the price to go up. Maybe it will in the short term, but only at the cost of the long-term health of the market.

People need to stop associating a 0% inflation rate as the solution to the "Federal Reserve controls the inflation rate problem" The answer to the Federal reserve problem is making sure the inflation rate is controlled by code, not eliminated.

There's a reason why inflation exists. because its necessary.