TRANSKRYPCJA VIDEO
Crypto 247
"THIS CRYPTOCURRENCY IS BETTER THAN BITCOIN..." - ELON MUSK INTERVIEW 2022
Opis wygenerowany przez Skrybot
Dla tego filmu nie wygenerowano opisu.
Transkrypcja wygenerowana przez Skrybot
So let me be the guy, you posted a meme on Twitter recently and he tells you about crypto. Do you think technologically speaking, there's any room for ideas of smart contracts or so on? Because you mentioned laws. That's an interesting use of things like smart contracts to implement the laws by which governments function. like something built on Ethereum or maybe a dog coin that enables smart contracts somehow. I never quite understand this whole smart contract thing. I'm too dumb to understand smart contracts. You mentioned that Doge is the people's coin. Yeah. And you said that you were literally going, SpaceX may consider literally putting a Dogecoin on the moon.
Is this something you're still considering? Mars perhaps? Do you think there's some chance, we've talked about political systems on Mars, that Dogecoin is the official currency of Mars at some point in the future? Well, I think Mars itself will need to have a different currency because you can't synchronize due to speed of light. or not easily. So it must be completely standalone from Earth. The future of Mars should be up to the Martians. There is a fundamental issue with, say, Bitcoin in its current form, in that the transaction volume is very limited. Latency, the latency for a properly confirmed transaction is too long, much longer than you'd like. It's actually not great from a, transaction volume standpoint or latency standpoint.
Part of the reason why I think there's some merit to Dogecoin, even though it was obviously created as a joke, it actually does have a much higher transaction volume capability than Bitcoin. And the costs of doing a transaction, the Dogecoin fee is very low. Like right now, if you want to do a Bitcoin transaction, the price of doing that transaction is very high. So you could not use it effectively for most things. And nor could it even scale to a high volume. And when Bitcoin was, you know, started, I guess around 2008 or something like that, internet connections were much worse than they are today, like order of magnitude.
So like having a small block size or whatever is, you know, and a long synchronization time is, made sense in 2008. But to, you know, 2021 or fast forward 10 years, it's like, it's comically low, you know, it's a. And I think there's some value to having a linear increase in the amount of currency that is generated. If a currency is expected to increase in value over time, there's reluctance to spend it. I'll just hold it and not spend it because scarcity is increasing with time. So if I spend it now, then I will regret spending it. So I will just, you know, hodl it. But if there's. . .
some dilution of the currency occurring over time, that's more of an incentive to use it as a currency. So those coins, somewhat randomly, have just a fixed number of coins or hash strings that are generated every year. So there's some inflation, but it's not a percentage base, it's a fixed number, so the percentage of inflation will necessarily decline over time. .
S K R Y B O T
Skrybot. 2023, Transkrypcje video z YouTube
Informujemy, że odwiedzając lub korzystając z naszego serwisu, wyrażasz zgodę aby nasz serwis lub serwisy naszych partnerów używały plików cookies do przechowywania informacji w celu dostarczenie lepszych, szybszych i bezpieczniejszych usług oraz w celach marketingowych.