/biz/ - Business & Finance

>>11051940
If Ethereum goes PoS and it is a success, then a PoW token will be all the more valuable because Ether will have a guaranteed and infinite inflation rate of 5-10% a year. 0xBitcoin would become the primary store of value token on Ethereum since it is deflationary, yet is usable in smart contracts just as ETH.

Furthermore, 2nd layer relayer systems like the ones Vitalik alluded to (pic related) allow for the relatively easy payment of gas in an ERC20 token through a relayer. This is already being developed as Lava Network, by the same dev who deployed the 0xBitcoin contract.

The reality is that Ether is not necessary to use most of the functionality of Ethereum, and 0xBitcoin is a significantly better currency since it is deflationary like Bitcoin and has a hard cap.