Chapter
The Long Term Viability of X
41:58 - 49:55 (07:56)
The possibility that out of the money investors are incentivized in regaining value by creating thin applications and services preserves the long term viability of the network after the bubble bursts. Additionally, the little local tribal mobs in the cryptocurrency space are driven by the block size debate and other technical parameters.
Clips
Although developers may have an incentive to create a token to capture value, protocols storing identity and data can lessen the need for applications to store private information.
41:58 - 43:15 (01:16)
Summary
Although developers may have an incentive to create a token to capture value, protocols storing identity and data can lessen the need for applications to store private information. Cryptocurrencies can also serve as a model for funding open source software and protocols in a way that did not exist before.
ChapterThe Long Term Viability of X
Episode#244: The Quiet Master of Cryptocurrency -- Nick Szabo
PodcastThe Tim Ferriss Show
The block size debate in cryptocurrency is a contentious issue with different sides offering their own visions for the future of the currency.
43:15 - 49:55 (06:40)
Summary
The block size debate in cryptocurrency is a contentious issue with different sides offering their own visions for the future of the currency. While some argue that creating a bubble can increase network effects, others point to the importance of sustainable systems for long-term viability.