There is no trustless-ness, only trust minimization. #Blockchains #Bitcoin #Ethereum

The relative ease of recovering from majority attacks in #PoS-based systems is often under-appreciated — especially by Bitcoiners. This property could be even more important than the energy efficiency of such systems.

The value proposition of #blockchains is social scalability.

Despite the numerous new layer-1 blockchains, #Ethereum remains at the bleeding-edge of research and innovation.

#Avalanche devs have framed their consensus protocol as a scalability solution. The consensus is novel but has nothing to do with throughput.

Algorithmic #stablecoins will become a functional and prominent part of the ecosystem. Preferably tracking a consumer price index rather than a centralized fiat currency.

To this day, no smart contracts chain has implemented a viable solution to the #blockchain scalability problem. All "scalable" chains sacrifice massively on #security, or #decentralization, or both.

#Money is arguably the greatest invention humanity has ever produced. Money has lowered our time preference significantly, enabled economic calculations, and facilitated complex production processes.

Money is still the ultimate use case. #blockchain

The next two decades will revolve around blockchains and AI.

Blockchains and AI are complementary technologies; And will be the most relevant in the upcoming decade. With the massive improvements in AI, AI-generated content will become indistinguishable from original one, which creates a far greater authenticity problem.