Post
Topic
Board Wallet software
Re: Open Source Wallet
by
pooya87
on 25/11/2019, 05:11:56 UTC
We've had a lot of tech innovations. Have you ever asked why tech stack innovations haven't done anything to drive crypto usage? Ethereum was the first major rebuild tech project. It came with a lot of promises. The tech stack innovation list is long: consensus, mining, cryptography, privacy. Recently, there're stacks that promise even more flexibility like Polkadot. There're a lot of experiments. Even within Bitcoin, there're a lot: big block, SegWit, Lightning Network, sidechain.
i haven't seen that much innovations to be honest. swapping SHA256 with Keccak256 and secp256k1 with secp256r1 is a change but not an innovation in usage of cryptography. and ethereum is not the first nor the biggest rebuild, not by a long shot.

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We're still stuck at speculative phase. We can try tech stack rebuild for the next ten years. Maybe, we'll figure out something. But I think developers are wasting time building solutions to imaginary problems. We have enough technology to solve crypto problems for the next 5-10 years.
that's the thing though, we already have the technology and implementation of it that is working well. that is why i believe that if someone new wants to come along it has to be innovative.

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The problem is in crypto economics. I'm not changing just supply cap and block interval. I want a chain that has inflation as its main feature.
i get your point and it is an interesting approach BUT the problem is that this was also tried... multiple times... many of the bitcoin fork (which is probably about 200 at this point) has tackled inflation in one way or another.
economically such settings could not survive the long run. what inflation does to the price of a cryptocurrency is that it keeps decreasing it, and since traders nowadays know this already they won't touch such coins. having low price that keeps going down due to inflation means the chain could not be kept secure over the long run hence it could destined to fail from day one.