Understanding the crypto-landscape
Hi I have 26 years experience using a computer, and I have no time for 12 hour-courses, or to get into each and every crypto-fad. Most cryptos that are big, like BitCoin and Ethereum are about the _heart crypto-system_ which is about to "rule us all". By that I mean, the system of block chains, which are sort of like 1) pieces of gold uniquely numbered, and 2) placed publicly in the town square, 3) with a name and address affixed to each one is the bed rest of what will come next. For ease of understanding, I will call these cryptoes Web 1, because they will be more or less invisible to traders in the future, for these two reasons 1) Their safety will be established it will be taken for granted 2) Outliers building on this safety will be so many that you wonยดt need to hire an expert to investigate it By that token, I want to ask you; which cryptos do you consider part of this, initial, fundament-building process, and which do you consider to be part of a framework that builds on top of this? ---------------------------------------------------------------------------------------------------------------------------------------------------- Allow to me explain, briefly, again, what I mean. BitCoin was, initially, about establishing a money that has 1) A public ledger 2) A fixed supply of units 3) Surety that neither of those two can be manipulated (without unrealistic resources at hand) Fiat-currencies are affixed to national militaries (the US spent 8% of itยดs naitonal budget on ammunition in 1990), and fiats are subject to manipulation through _concealment_ and _inflation established as a goal_ (in order that politicians may move fast in a changing landscape. Satoshi is one way of inflating the supply, but it is still public, and - it is not affixed to a nation. Satoshi brings us to the next concern, but first; This is my way of laying out the landscape 1) At the base cryptos have blockchains that make sure they arenยดt inflated 2) On top of that you get derivatives of base coins that _will_ make inflation