What is wrong with moneyonchain? why are you trying to reinvent the wheel?
Hi Maximiliano! Proud to have you as compatriot, and honoured to receive your comment
To the best of my efforts, I was never able to come across your work in my searches. Just went trough your white-paper and its awesome, it does sounds like I'm indeed trying to reinvent the wheel, minus the technical capabilities to do so.
I'm clearly in no position to argue with you about this subject, I don't have the technical knowledge nor the expertise to do so.
I humbly dare to still make some comments on where I think my protocol is different than yours, the reason I would still pursue its development. Of course, I would be thrilled If you would be open to admit some of this ideas.
This aspects are more importantly different in this protocol:
- It assumes that fiat will tend to deprecate over time, so it's able to deal with that situation.
- It provides a place for the fiat "to die" when that happens, in the pools.
- It assumes that the economy will tend to adopt bitcoin as a base currency over time.
- It then defines a token which is entirely transitive in nature, allowing for a progressive and stable transition from a fiat based economy to a bitcoin based economy (a limit for which it's explicitly stated that only bitcoin will be left, without residual intermediary tokens, and the system that implements the protocol can cease to exist).
I hope my comments will not come as insolent, for again I'm in no position to argue about this against you. But I do humbly ask you to consider this, and I would love to hear how do you think that your protocol already haves this situations in consideration. If you do, I will then proceed to help to spread the word, with a stronger basis.