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by brutusurp 1179 days ago
IMO the transaction rate is too low because the gas fees are crazy high. This is why we need actual proof-of-stake (not ETH 2.0). EOS is the first project to try an tackle this. From what I can tell, it scaled. Transactions remained fractions of a cent. EOS got caught in morality of consensus (e.g., under what conditions to reverse, how to handle disputes). However, it looks like AI can improve on this which is both terrifying and exciting.

Irrevocable disruption to the US could simply be enough countries move off the US dollar. To do that a new currency would be created/adopted. BTC serves as proof-of-concept that value is driven by sustained adoption and trade. Further, the level of sustained attacks crypto has undergone from countries such as US and China reflect the disruption crypto, as a decentralized security, has on the world economy. All this to say, it's quite possible.