/biz/ - Business & Finance

>>9574790
DOGGE??????????????????

That makes sense. Businesses would love to use crypto but they can't because shit's more unstable than pajeet-made software.

>>9574790
JNT, once the DAO is operational.
>b-but a-anon it's an ERC20 token
That won't be the case for too long, since ETH is shit.

>>9574790
So MKR/DAI
https://www.youtube.com/watch?v=a0nLGUXVqhw

meanwhile, Szabo theorises that the commodity that becomes 'money' in a free market of competing commodity currencies is the one that offers the best combination of monetary characteristics, including hardness/inflation-resistance.

the best way of squaring this circle that I have seen comes in the form of non-dilutionary inflationary PoS currencies (where so long as you can stake or delegate, your share of the total issuance grows as quickly as everybody elses), which combines the super-hardness of a zero-issuance currency (harder even than gold, which is being continuously mined, and at risk from future technological developments such as asteroid mining) with nominal inflation which allows use as a stable unit of account.

Tezos comes pretty close to this model, because the staking and delegating operations don't require your coins to be locked up (modulo the per-block bonds for the stakers), allowing them to circulate freely, and it also has the futarchy-like on-chain governance which would allow dynamic adjustment of issuance to match appreciation.

>>9574790
I've been studying this issue for a while. When money is denationalized, there's never one single currency that 'wins' over others. Instead, multiple currencies reach a state of equilibrium and their relative value goes up and down cyclically.

>>9574790
>nobel prize winning laissez faire
economist for you plebs
>stopped reading
the Nobel price of economy is a puke-inducing turd of a travesty created without Alfred Nobel's prior consent

>>9575912
Hayek literally had the same opionion and even said so in his acceptence speech

Eth is fairly stable. It still moves a lot with btc but over all it sticks around to the same price point.

>>9575949
>Eth is fairly stable

>>9574790
How isn't this the most obvious notion ever? The currency with the largest market capitalization will naturally be the most stable one, it's self evident.

Dropping these classics for anyone that hasn't seen them.

https://www.youtube.com/watch?v=d0nERTFo-Sk
https://www.youtube.com/watch?v=GTQnarzmTOc


Also

https://www.youtube.com/watch?v=DoWbm8zUG6Y
https://www.youtube.com/watch?v=oykvdDm0qwk
https://www.youtube.com/watch?v=bSGAJTJzgLA

>>9575998
>most obvious notion
>self evident
mfw

>>9575885
go on...

>>9574843
>>9574861
>>9575080
thanks for the suggestions

i'll look into these but so far i'm not convinced

>>9576045
Yeah it is. The larger the market cap, the less fluctuation in the price due to selling and buying. If Bitcoin had a market cap of one trillion, then the price would remain relatively unaffected by speculation traders.

>>9575998
>>9576123
>The currency with the largest market capitalization will naturally be the most stable one
>The most stable one will naturally be the currency with the largest market capitalization

These are not the same statements.

>>9576179
How do you come to that conclusion? Stability is the effect, not the cause, and Bitcoin currently is the most stable one because it is the biggest one.

And if you take away the organic fluctuations that come with crypto's, they would no longer be decentralized and that would pretty much diminish their novelty.

>>9574790
he also wrote about privately competing court/judicial systems. libertarians are nut-cases lol