Re:Interview with Vitalik Buterin on ETH2, Scaling Plans, NF...
by krrrh on Wednesday March 10, 2021 @05:43PM
(#26417438)
Isn't this true of any asset? You’re not really addressing GPs concern that the term “store of value” usually applies to more stable valued assets.
> You have arbitrarily chosen a frame of reference which fits your existing world-view
It’s not really arbitrary. The earth and things anchored directly to it is an obvious frame of reference for objects moving in space because it is by far the largest gravity well compared to anything you’d be referencing it against.
The US dollar is the world’s reserve currency, and fiat currencies have armies and police backing them and their use for paying taxes in addition to massive distribution, velocity, and proven utility.
> You have arbitrarily chosen a frame of reference which fits your existing world-view
It’s not really arbitrary. The earth and things anchored directly to it is an obvious frame of reference for objects moving in space because it is by far the largest gravity well compared to anything you’d be referencing it against.
The US dollar is the world’s reserve currency, and fiat currencies have armies and police backing them and their use for paying taxes in addition to massive distribution, velocity, and proven utility.