This article will go over why they are fiat, how fiat system design effects the valuation of the currency, and why you should be very skeptical of any coin that derives its value from scarcity driven by “proof work”. This article goes into the specificity of the design of Bitcoin, and questions some key decisions: namely “Proof-of-Work” and looks at other networks that are improving on those design decisions around group consensus.
Full Article: https://www.linkedin.com/pulse/crypto-network-design-collaboration-vs-competition-jordan-service/
Full Article: https://www.linkedin.com/pulse/crypto-network-design-collaboration-vs-competition-jordan-service/