The Currency Analytics
By Dan Saada
Ethereum (ETH) Fast forward beyond CoVid-19
There was an epic weekly surge, and ETH is struggling to break beyond the resistance level. There are expectations that ETH will reclaim its $200 level as a second wave up.
Sydney Ifergan, the Crypto expert, tweeted: "Ethereum (ETH) or any other cryptocurrency of any kind should be usable, failing which it makes no sense.
Vitalik recently spoke about the benefits of “deliberately engineered and bounded centralization.”
Vitalik tried to compare situations and stated that when a single person has a large stake + influence in an outcome, then they will take the time to learn and to optimize and…
Centralization is considered risky because of the risk of abuse of power, fragility, low bus factor etc.
However, when a million people have a small stake in an outcome and are able to influence it in a small way, they are not going to care and are led astray by side incentives.
When the two are combined like in a blockchain Vitalik opines that will be the most resilient of all architectures.
The bounded downside he stated is about one block producer waiting 15 seconds for the next one.
A complete ban of fiat currency will never happen. A complete ban of government will also never happen. These expectations will not materialize in a meaningful way.
The impact of the coronavirus on the economy and the financial markets is set to bring in a significant change in the economic regime.
Money is a representation of the value of labor and the efficient use of capital. Without both of these integrated to create value, there will be nothing we can called…