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0 sats \ 6 replies \ @MikeOplinger OP 27 Aug 2023 \ parent \ on: @MikeOplinger's bio bitcoin
Thanks!
I should clarify, when I say crypto I'm talking about other use cases. Like my Assect Control Coin post, the ACC would be built on a totally new ETH proof of work based blockchain. This not only prevents the BTC blockchain from getting overloaded but allows for tools built into the ETH protocol to be harnessed while keeping it out of the hands of people like Vitalik.
Rest assured I'm a Bitcoin believer, it's the only digital currency I own. I just see value in other protocols for use cases outside of Bitcoin.
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Thanks for the heads up, I kind of figured I'd get pushback, I knew going in it's a BTC based site. My hope is that I can reach those fellow Bitcoiners who also see the value in the ETH protocol and its usefulness in these use cases.
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The greatest value of Eth is to generate shitcoins. When the liquidity of shitcoins dries up, you will find that the value of Eth also disappears. Think about it carefully, what is the use of Eth if there are no shitcoins on Eth?
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On the main eathrum blockchain, yes I totally agree. But what I proposed was a totally separate eathrum based blockchain. In Providing credit to the Bitcoin economy through Credit Coin I suggest that it be backed by bitcoin. And in Asset Control Coin (ACC) I also suggest a separate eathrum blockchain and suggest that Credit Coin could be built on ACC's blockchain. Also ACC would be completely non-monetary, its sole use would be to create NFT's for tracking assets.
My goal with these ideas is to provide services, while not overloading the Bitcoin blockchain.
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Maybe, all the best to you too!
I've read through Darth's profile, I respect his commitment, and hopefully, he'll see that my ideas are in support of Bitcoin while not bogging down the BTC network. If not we'll cross that bridge when we get to it.
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