/biz/ - Business & Finance

>>59447002
>The financial system is built in layers of abstraction. Which is always fun in court.
if they only knew how comfy it really was

>>59378943
Its not a bad opportunity to offer to buy out your brothers half, if he is just going to sell them anyways. Offer spot for em, that way he gets what he wants and you get gold for spot which is nice. Also then you can keep the collection in tact.

>>59131523
beautiful! Are the digits on the side?

>>56555879
Thank you senpai

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>>56355274
>>56355294
>>56355344
My main concern with PoS vs PoW is this. In PoW, the currency is considerably harder to create. In theory (in practice too lol), state actors could print fiat at will and stake ETH or mine BTC.

1. Ethereum: State actors could purchase insane amounts of ETH with near unlimited fiat, without even making the price move up if this is done OTC. Given that PoS doesn't require much energy, state actors are not limited by anything.

2. With Bitcoin, even if the state actors purchases an insane amount of mining rigs, they are still physically limited by energy outputs. So even if you have all the mining rigs in existence, do you also have the energy capacity to run them? To me it's clear Bitcoin is the harder currency.

I want to address what may be the biggest critique of the bitcoin protocol and how it's possibility misunderstood.

We're often told that Bitcoin can't scale to the world's population and it got me thinking. There are roughly 8 billion people on the planet. It's foolish to believe that all 8 billion will transact on the Bitcoin network. Infants, children, old demented people living in care homes, etc. will have no use for BTC. This leaves us with roughly 5 billion potential users. This number can be divided into groups, you can think in terms of family or household where the issue of trust is mitigated by social norms (eg. mariage). These groups can run federated mints on top of the Lightning Network. If we agree that an average fedimint has 5 users, then Bitcoin need only scale to 1/8 of the world population.

My last thought is in regards with market capitalization. I don't think Bitcoin's market cap will increase much higher. It's almost as high as silver (in fact just below it) so it's hard for me to imagine Bitcoin dethroning a real world asset like silver that has been around since the dawn of society and which has use beyond its monetary power.