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by cryptoquick 1903 days ago
Filecoin, for one. Long-term data storage is essentially a byproduct of its mining algorithm, much like waste heat from Bitcoin miners.

Also, there's utility in a trustless, predictable, uncorruptible source of scarcity. Meanwhile, the supply of gold is difficult to audit, we have no idea to what extent nation states are manipulating its supply.

The value of a deflationary monetary policy cannot be understated.

1 comments

Filecoin is useful, but incredibly overpriced and its model unfortunately perpetuates ponzi-like investing[0]. Also deflationary monetary policy is awful if you want people to spend money. Why buy something today if it will be cheaper tomorrow?

[0] https://www.reddit.com/r/CryptoCurrency/comments/mhpaar/file...