Demetrius Consulting (@cryptodemetrius) 's Twitter Profile
Demetrius Consulting

@cryptodemetrius

Building trust in #blockchain through trainings, workshops, demos & writing.
Founded by Skylar Hurwitz, former UN ITU Expert on #DLT and FG-DLT reports editor.

ID: 923285502912016384

linkhttp://demetriusconsulting.com calendar_today25-10-2017 20:29:52

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Ok, here's a follow up poll. Lack of use cases is apparently the key issue to adoption. Where do you expect the breakthrough #blockchain or #virtualcurrency application to come from? Reply with your ideas. There are tons listed in Int’l Telecommunication Union FG-DLT reports! itu.int/en/ITU-T/focus…

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2015: #ProofOfStake networks launch. 2020: #Ethereum "launches" #BeaconChain PoS chain that exists SEPARATE from the mainnet until MAYBE 2022. The grafitti is fitting. There's nothing profound or hype-worthy about #ETH folks being 5 yrs - and ultimately at least 7 yrs - behind.

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Fine #artists are concerned by Ethereum's electricity waste. What if minting your #NFT required 99.9% less energy than it does on the $ETH network? That's precisely why Tarasca DAO and NFTMagic, which operate efficiently on a network of 10W solar panels, THRILLING projects.

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Green cryptocurrencies have existed since 2013. Seeing everywhere from Reuters to @telegraphtech to CNN talk green alternatives and point to newly launched, low market cap, untested coins makes my head spin. As a #DLT expert, I'm open for comment if you want the real scoop.

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Entering the "inflation as a driver of adoption" debate. Annual inflation of new $ETH on #Ethereum is ~3.77%. For $ADA on #Cardano, inflation is 7% annually. For $DOGE on #Dogecoin, it's about 4%. USD fiat annual #inflation target is 2% and we had 1 quarter in 10+ yrs at 4%.

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If you believe #inflation is a driver of adoption, as far as I can tell, only projects like #Bitcoin with inflation under 2% +its built in halving every 4 years and Pure POS projects like #Ardor based on Nxt where all coins were minted up front, have lower inflation than fiat USD

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Adding to the #inflation data here, just watched Coin Bureau review of $ICP. Guy, help me out...an inflation rate starting at 10% and ending at 5% yet you repeat DFINITY Foundation claim that with enough apps, cycles/burns could make ICP deflationary. What does that math look like?

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Big deal for #Bitcoin adoption, folks. @Paypal announced plans to allow withdrawals to external wallets only 7 months after adding support for cryptocurrencies!! For reference, Robinhood started crypto in 2018- STILL doesn't allow these withdrawals. cointelegraph.com/news/paypal-us…

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Good question. The replies perfectly display how badly better education resources are needed for Bitcoin. From some who think #Bitcoin has no transparency (it's open source code!!), to others who think you need 3rd party service to transfer it(it's p2p!). Lots of learning needed.