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Ask HN: Cryptocurrencies that you think have a bright future?

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11–20 of 31 posts

Re: Ask HN: Cryptocurrencies that you think have a bright future?

#11
post #2

There's lots of dislike about nano in HN and outside for some reason but on paper it does seem to do well as a currency. https://nano.org

Why do you think that is?

Feeless, instant transfer. You can use it today. Not sure if that alone is enough though.

Re: Ask HN: Cryptocurrencies that you think have a bright future?

#12
> becoming a functional currency

None. At least until a sovereign nation decides to ditch fiat for crypto. The first to do that, I bet, will still treat it like fiat and use all the classical monetary policies. So, it'll be crypto in name only.

Eventually, IMHO, Bitcoin will eat all the money in the world, stabilize at something like 10-15 million per. Then it'll just kinda take over as being more trustworthy than any fiat. Of course countries will try to regulate the heck out of it. But, since it has no president of Bitcoin, it'll survive.

Then, we'll have to deal with the knock on effects of a deflationary currency and all that entails.

Re: Ask HN: Cryptocurrencies that you think have a bright future?

#16
Surprised I'm not seeing Cardano mentioned here.

It has a network of academics working on protocols and R&D and even one of the founders of the Haskell programming language.

IOHK is the company building cardano

https://iohk.io/en/team/philip-wadler

https://iohk.io/team/

PoS consensus protocol https://cardano.org/ouroboros/

They are also one of the few blockchains to use nixos in production

Cardano was founded by Ethereum's co-founder Charles Hoskinson and is a 3rd gen block chain aiming to dethrone Ethereum

Re: Ask HN: Cryptocurrencies that you think have a bright future?

#20

> becoming a functional currency None. At least until a sovereign nation decides to ditch fiat for crypto. The first to do that, I bet, will still treat it like fiat and use all the classical monetary policies. So, it'll be crypto in name only. Eventually, IMHO, Bitcoin will eat all the money in the world, stabilize at something like 10-15 million per. Then it'll just kinda take over as being more trustworthy than an…

So government says pay taxes in USD etc? How would people not hold a lot of usd.
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