/biz/ - Business & Finance

The flaw in BTC and how FLOW is the solution

There is a massive flaw in the design of BTC. Proof of Work and the concept of "mining" have introduced problems that didn't exist. It's probably the one thing Satoshi didn't fully think through. It's also why he can't be Japanese, because any Japanese man would know that Chinese people will inevitably fuck everything up. A key fundamental step in Japanese problem-solving is accounting for the Chinese Menace, and boy have they fucked up btc.

Mining crypto introduces inflation. You are not mining BTC, and you never will be. Ever. If you were you'd be operating at a heavy loss. Almost all of the inflation of BTC goes to CCP run mining operations. If you hold 1 BTC forever, the value will indeed go up due to it's scarcity, but you'll only ever receive more by buying more. The CCPs bag claims the inflation, diluting your value over time.

Flow's inflation mechanism is meant to address this directly. The inflation is applied automatically to holder's wallets at a rate set by the Era. You can read the white paper to find out more, it's very straightforward which is apparently reason to FUD but I don't give a shit about that. In short, if you own 50% of the flow today you will own 50% of the flow in 30 years. In effect, everyone is a miner.


The current distribution of wallets is refreshing. You can see it here: https://etherscan.io/token/0xc6e64729931f60d2c8bc70a27d66d9e0c28d1bf9#balances
There are some large wallets in the top 20 but you'll find that it drops quickly.

This, along with the fact that there is no Dev, VC, Silicon Valley Dipshit, or Ivy League hack holding 65% of the supply hostage is why people call this "rug proof". The dev has done everything the community has asked of him. This project could have been DoA if they used the institutional model that 99% of projects have been built around recently. This one has a pure vision for store of value that's fair for all holders.

it's such a simple coin, which is what i like most about it. i think this is what makes it appealing to most investors. projects like YAM failed because it was too complicated, too many moving parts. this one is a straight arrow and it's going straight to the moon

$14 EOW

This is going to be a fun ride to $14

Flow pros I love you guys so much thank you!