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JordanMMcK
Jordan McKinney
24 episodes
6 days ago
"It is time for man to fix his goal. It is time for man to plant the seed of his highest hope. His soil is still rich enough for it. But this soil will one day be poor and weak; no longer will a high tree be able to grow from it… I tell you: one must have chaos in one, to give birth to a dancing star. I tell you: you still have chaos in you… The time is coming when man will give birth to no more stars…" — Nietzsche
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"It is time for man to fix his goal. It is time for man to plant the seed of his highest hope. His soil is still rich enough for it. But this soil will one day be poor and weak; no longer will a high tree be able to grow from it… I tell you: one must have chaos in one, to give birth to a dancing star. I tell you: you still have chaos in you… The time is coming when man will give birth to no more stars…" — Nietzsche
Show more...
Technology
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ETH vs. BTC: Bitcoin Security Budget & Eth's Superior Monetary Policy
JordanMMcK
35 minutes 14 seconds
8 months ago
ETH vs. BTC: Bitcoin Security Budget & Eth's Superior Monetary Policy

In this video I explain why Ethereum, not Bitcoin, has the superior monetary policy. Blockchains have to choose between certainty of security and certainty of issuance. If they opt for certainty of issuance (capped supply) like Bitcoin, they sacrifice security and compromise the whole system. The correct engineering approach is the one taken by Ethereum. Security must be reliably funded, which means no absolute certainty of supply. Supply growth can then be offset by a fee burn, and if the system has sufficient usage, token inflation can be flat or negative. This is the way.

JordanMMcK
"It is time for man to fix his goal. It is time for man to plant the seed of his highest hope. His soil is still rich enough for it. But this soil will one day be poor and weak; no longer will a high tree be able to grow from it… I tell you: one must have chaos in one, to give birth to a dancing star. I tell you: you still have chaos in you… The time is coming when man will give birth to no more stars…" — Nietzsche