Sanyanov

Now you're completely entitled to join the Minecraft piracy world

Alright, let's settle on that.

That's a job of central banks, and they normally manage it well enough. Sure, crypto offers more reliability on that front by making it impossible to control emission. But at the same time, this means money can't be printed when it would be highly beneficial for the economy, for example when recovering from economic crisis - without extra emission the country will be screwed up real bad. At the end of the day, the fiat emission is agile for good reasons.

I've kinda answered it already - because most governments will keep it alive by never ever going crypto. After all, this will probably be in the best interest of the general public as well, and it doesn't appear that concepts of going full crypto are popular among masses.

People had 15 years to "wake up" now, yet they didn't. Partly due to volatility which makes planning near economic future impossible, partly due to scare, but most importantly because they still get their wages in fiat, pay for products in fiat etc., and generally have little left to invest.

The state doesn't have incentive to change the regulations that favor crypto because crypto is generally worse as actual money as opposed to store of value for the reasons described above.

Crypto bros will shill "crypto everywhere soon" narrative every time they can, and I've seen it since at least Mt. Gox era. But until the regulations will be there (and they won't), nothing is gonna happen.

Solana currently has 1777 validators - which doesn't look like much compared to Bitcoin, but is actually way more than enough for any practical intents and purposes.

Uhm...people would use traditional finances? Banking system ain't going nowhere, and CBDCs make their turn - as dystopian as they are, it's super easy to force them upon people.

What would be wishful thinking is assuming most countries will happily adopt crypto. And besides - that's even more of a dystopian scenario.

laughs in Russian

Crypto capitalism is super bad idea exactly because it's uncontrollable, i.e. all the bad stuff of capitalist economy, uncaged.

It encourages money hoarding, which cripples the capitalist economy, it does not allow to control emission, which is actually bad because it's essential to driving economy out of crises, it does not allow to block criminals' access to money and transactions, it severely complicates taxation and other important economic actions.

Crypto capitalism has the potential to exacerbate inequality, and cause a giant slew of problems sending modern economy into chaos. But yes, your 500 ADA salary will be truly yours.

I'm pro-crypto, by the way. While posing new risks, crypto can be super helpful as means of unsanctioned money transfer, breaching artificial limitations, keeping governments in check by always being able to support protesters, etc. But making it the world go-to currency is a bad idea.

While Lightning doesn't need you to open a channel for every new recipient and has smart routing through other participants, I still think it's an inconvenient solution we don't have to take.

We have Solana, a 300.000+ TPS Layer-1. We have much smarter Ethereum Layer-2's that don't require this bullshit. We have many ways to tackle this problem, it's the hyperfocus on Bitcoin that, in my opinion, makes people go for Lightning network anyway.

Transactions per second

Mining is barely transactional in nature. Pretty much all of it is calculating hashes, which, on one hand, is super important as part of Proof-of-Work consensus, the most decentralized one we have, but on the other we have other reasonably secure options that waste two orders of magnitude less power.