Anyone that says "the space" is quite bad Tbh
Two schoolgirls have a slapfight - Vays vs Ver
Noah Perez
Aiden Gutierrez
Tone Vays is objectively a fucking moron
Nathaniel Edwards
I still think Tone's pretty good at TA. But he's so drunk on the core koolaide, he believes in the bitcoin standard, where banks hold your coins and settle transactions for you.
Jimmy Song is probably a good enough technologist to know how intellectually dishonest he is.
Roger Ver's heart is in the right place, but he's a gun pointed at his own foot in his mouth.
Nolan Robinson
>where banks hold your coins and settle transactions for you.
that's not what he believes.
Layer 1 with high fees will be used by banks and institutions for settlement, layer 2 (LN) for ultrafast cash tx.
Samuel Scott
Yeah, banks are the layer 2 solution.
BTW, not much different than settling everything through custodial exchanges. You better fucking believe they're running a fractional reserve.
We need decentralized exchanges for price discovery and real world merchant adoption. Both of which Tone is against.
He's literally stated that institutional custody is more important than merchant adoption.
Leo Jackson
is tone a jew or italian?
he looks like shit
Cameron Flores
James Moore
It is. If you want merchant adoption right now all it will do is devalue the coin because you will have immense sell pressure. Great if you don't care about the price.
But what makes bitcoin more valuable than just a payment system is that it's an asset. The robustness, decentralization and network effect of the protocol is what matters most for the moment.
I agree it was not stated in the white paper but the white paper isn't the bible and the community decided btc was better as digital gold for now.
James Jenkins
>the community
ITYM the market. 10/10 post would read again anyway
Luke Robinson
in the future there will be a huge inevitable war though between those who want to remove the 21 M cap to add inflation and those who dont.