TD₿: The Problem with Ethereum by Tomer Strolight
TL;DR Essential reading to share with your friends who are trading their bitcoin for altcoins.
Hey Bitcoiners,
Ethereum’s monetary policy recently changed which caused yet another hard fork.
The Ethereum insiders claimed it was "an improvement." However, when insiders constantly tinker with the monetary policy it demonstrates how Ethereum is (1) Not decentralized and (2) Not sound money.
If you’re not familiar with Ethereum’s history of failed promises and changing monetary policy, read this post from Tomer Strolight (08/06/2021).
Ethereum is fiat. I wonder how many days will pass until Ethereum’s next policy change?
Meanwhile, Bitcoin’s monetary policy remains unchanged since day 1.
Tick tock next block,
Cory Klippsten
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Quote of the Day
"I don’t believe we shall ever have good money again before we take the thing out of the hands of government…all we can do is by some sly roundabout way introduce something that they can’t stop" - F.A. Hayek, Economist
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