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Financial activities will drive Bitcoin to continuously advance toward the technological limits of cryptocurrencies. From a financial perspective, cryptocurrencies are destined to replace paper money as the mainstream currency due to their increasingly prominent functionalities.
Taking BTC and ETH as examples, the current Ordinals protocol has expanded Bitcoin's service capabilities with inscriptions and collectible ordinal numbers, as well as names containing words. There is immense future potential for speculation in this space.
As a result, the possibility of expanding storage fees for various sats we collect is a financial consideration worth discussing.
On the other hand, ETH's development is less concerning in terms of trading volume. ETH's functionality leans more towards replacing ballots, with potential use in various elections, including U.S. elections. This means ETH will not lack trading volume to generate transaction fees, which helps balance the relationship between ETH supply and miners.
Taking BTC and ETH as examples, the current Ordinals protocol has expanded Bitcoin's service capabilities with inscriptions and collectible ordinal numbers, as well as names containing words. There is immense future potential for speculation in this space.
As a result, the possibility of expanding storage fees for various sats we collect is a financial consideration worth discussing.
On the other hand, ETH's development is less concerning in terms of trading volume. ETH's functionality leans more towards replacing ballots, with potential use in various elections, including U.S. elections. This means ETH will not lack trading volume to generate transaction fees, which helps balance the relationship between ETH supply and miners.
Ordinals are cancer to Bitcoin
ETH for elections ? with it's contract exploitable history ? I don't think so.
Not everything needs blockchain, elections could be safely done using centralized server and proper encryption.
Sir,
From a technical perspective, I agree with your view. However, please keep in mind that technology is meant to serve certain goals, such as finance. ETH, as a voting mechanism, is a more reasonable and efficient way to distribute wealth from a financial standpoint. The power of democracy should influence all layers of society, and I hope technology can better achieve this goal. While fairness and security in voting are crucial, elections and voting should fulfill more societal functions.
The development of cryptocurrencies ultimately hinges on their functionality. Their ability to replace traditional currencies relies on their capacity to offer more functions. We should be more bold in proposing their potential applications.
