I understand where you coming from but what you’re talking about is a financial system thay onto 13% of the world get to enjoy.
For someone like me in south Africa BTC as “volitile” as it is now is still a better form of currency than my national currency and I am not the expection! G7 countries financial systems are NOT the norm for everyone
BTC for me works great in storing value that cannot be seized, it scales perfect well on lightning, charge backs can’t be done on ANY blockchain because charge backs are only available for assets where final settlement isn’t available
Sure handling your own money comes with it’s downsides but I feel it’s a worthwhile trade off not to be tethered to various local institutions
If tomorrow s&p downgrade my countries debt I’m fucked through no fault of mu own so having this asset offers me a lot of benefits
So what crypto in your opinion can/is doing it better and what governance model is superior to proof of work and why? Keen to see where you coming from with this?
LOL so you're banking on Charles Hoskinson, this was basically just an ad for buy cardano. How is Bitcoin slow when you have lightning that's instant? He actually mentions blockstream who has launched Liquid where you can do DEFI on and then there's also statechains and since they all connect to the base layer they are all soon to be interoperable with one another.
I find it hilarious he claims L2 is centralised, yes in certain points but how many people are running a ADA node how many are even running an ETH node? Lol all these projects are centralised and continue to get centralised as the bloat on chain continues to increase with all the computational space needed to run there shit coin assets
I think the mistake people make is believing these sales men in making this a purely technology play when its more than that, Bitcoin is the only system that protects its monetary system for all users, the rest will tweak it trying to sucker more people into their ecosystem
You're a money guy but I am a tech guy and I know his talking shit, its almost laughable the claims he makes if it wasn't so sad that people invest based on guys like this word