/biz/ - Business & Finance

PIVVR centrist here. I don’t really give a flying fuck about proof of work issuance and I don’t think it’s particularly important for Ether to lose store of value status.

That being said, if you think that PIVVR will go entirely under the radar, you’re not really grasping how it fits into the overarching ideological discussion surrounding major protocol changes in proof of stake and Ethereum. It’s actually kind of a big deal to have a deflationary, pure stablecoin asset reside on top of Ethereum instead of on its own chain. It challenges many long held beliefs inherent to the BTC dominant era of crypto (which we have lived in but might not live in 5-10 years down the line).

PIVVR is to crypto what postmodernism is to art. It deconstructs the Bitcoin idea (in Satoshi’s white paper) into smaller pieces. It intentionally separates network security from issuance, and makes the claim that whatever vision Satoshi had for a global currency can exist within a localized environment (Ethereum), even an environment that explicitly rejected the core tenets of Satoshi’s white paper upon creation. PIVVR brings something new to the table that has merit for real ideological discussion, which is a level beyond discussions on novel solutions to technical challenges (oracle problem, fair gambling, distributed computing/rendering, etc).

You don’t have to think PIVVR is useful. You don’t have to like it, or use it, or even think about it. But don’t brush it off because you don’t see the need. You can think something like postmodern art is stupid (pic related) but it’s actually quite revolutionary for an artist to make something so unbelievably kitschy that it causes the word “kitsch” to lose all meaning. At the end of the day Jeff Koons makes balloon animals that sell for orders of magnitude higher than traditional “high art” precisely because his art is significant in the centuries long debate on the purpose of art. PIVVR will be seen, in time, as just as significant in crypto.