I enjoyed the episode but as someone who follows BTS I gotta say: he was on the fence regarding BTS but never really explained why he thought they were doing good stuff but on the other hand he thought the system was centralized.
I think BitShares deserves the same attention for what they've accomplished: higher stability market issued assets w/o counterparty risk.
Also the delegate system is actually the perfect amount of decentralization. Would you rather have 101 separate delegate nodes or 6 mining pools?
~the possibility for 101 $5 million companies or $500 million expenditure in mining energy for a network the size of BTC?
The BTS stake themselves will decentralize further as the market cap continues upward and people take their profits over time. BTS has never been as centralized ever as NXT initial distribution, so that wouldn't make a good argument either.
I am just genuinely curious why he chose to mention BTS and not provide any details. I know the project is a little complicated and in heavy development but I for one think it will do some amazing things for the world.
Someone is already trying to help the Russian people get into market issued assets with their Rouble crisis: http://crackix.com/count.html
Topic: Great podcast episode on altcoins from Sovryn Tech - thoughts ? (Read 630 times)
December 23, 2014, 05:36:35 AM
He's got a good point: BitCoin as the solid basis for the crypto-currency ecosystem, with NXT used to power all of the second generation functionality: asset issues, coloured coins, sidechains, marketplaces, etc.
Given this BTC/NXT setup many other cryptos become pretty much redundant.........especially when you include SuperNet as part of the NXT eco-system.
Given this BTC/NXT setup many other cryptos become pretty much redundant.........especially when you include SuperNet as part of the NXT eco-system.
December 22, 2014, 09:02:16 PM
https://soundcloud.com/sovryntech/sovryn-tech-ep-0104-altcoins-are-bullshit
Do you guys know Brian Sovryn from Sovryn Tech ? Great anarchist podcast.
What do you think about his opinion that only Bitcoin, NXT and Madesafecoin or to be taken seriously ?
Do you guys know Brian Sovryn from Sovryn Tech ? Great anarchist podcast.
What do you think about his opinion that only Bitcoin, NXT and Madesafecoin or to be taken seriously ?
Funny.
December 22, 2014, 12:11:20 PM
https://soundcloud.com/sovryntech/sovryn-tech-ep-0104-altcoins-are-bullshit
Do you guys know Brian Sovryn from Sovryn Tech ? Great anarchist podcast.
What do you think about his opinion that only Bitcoin, NXT and Madesafecoin or to be taken seriously ?
Do you guys know Brian Sovryn from Sovryn Tech ? Great anarchist podcast.
What do you think about his opinion that only Bitcoin, NXT and Madesafecoin or to be taken seriously ?
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