Why Altcoins are No Different than Fiat. Bitcoin Tech Talk #261
Altcoins have incentives that end up making its owners dependent on its controllers. Owning Ethereum doesn’t just mean an investment, it’s being sucked into the entire ethos of the ecosystem. That ethos is one where premines—money printed for the sake of the insiders—is fine, where raising money from the public without any investor protections is fine, where marketing, not merit, trumps all.
Bitcoin Tech Talk #261 also includes updates on the following:
- Economics, Engineering, Etc.
- Quick Hits
- Jimmy’s attended events and podcasts