Problem with bitcoin - it doesn't represent anything of value but faith ( fiat) and computation invested
Fiat currencies represnt faith + economies + propaganda+ military backing it. Thats why us dollar is worth something despite all the printing - if all else fails us will make you accepts its currency by force.
Tokens on crypto secure blockchain is great tech. But without anything tangible tied to these tokens its still fiat. And very lightly backed at that
Ok; you made clear how bitcoin is different from Ethereum. But how is it different from other PoW coins that offer no financial rewards for their creators and are less geared toward speculation than Bitcoin is?
Problem with bitcoin - it doesn't represent anything of value but faith ( fiat) and computation invested
Fiat currencies represnt faith + economies + propaganda+ military backing it. Thats why us dollar is worth something despite all the printing - if all else fails us will make you accepts its currency by force.
Tokens on crypto secure blockchain is great tech. But without anything tangible tied to these tokens its still fiat. And very lightly backed at that
Ok; you made clear how bitcoin is different from Ethereum. But how is it different from other PoW coins that offer no financial rewards for their creators and are less geared toward speculation than Bitcoin is?