I think the talk about the IRS watching BitCoin and Bidet increasing the IRS ground forces, along with the typical IRS tactics when failing to report ( Penalties and Interest on under reporting) shook the BC Tree a little. Especially when one thinks about how Erwin Schiff was allowed to die in prison. I don't own any but I'm pretty sure it will rebound.
? We already know usds are the next toilet paper.
The question in my book : Is there gonna be enough world influence to allow BC to be authorized ?
I hear China is playing hardball as BC vs CommieCard.
They will introduce a digital dollar.
They will control BC at point where you have to convert to digital $ to buy items.
Maybe this will not happen in all countries.
Maybe there will be some loopholes.
One side was respectful, prepared and articulate. The other side was unprepared, disrespectful to the debate format and clock, failed to advocate for his preferred asset class and structured his entire argument around ad hominem attacks.
While people debate bitcoin vs gold, DeFi on Ethereum has quietly duplicated and improved large swaths of the financial system: savings accounts, lending, borrowing, brokerages, exchanges, banking, payments, hedge funds, etc, all to be permissionless,, less expensive, transparent, and fair. Go trade without a brokerage, earn interest without being asked your name, borrow money at 0% interest, and much more, all right now.
The financial world has already been obsoleted and almost nobody knows it yet.
That video is about EIP-1559 which goes live in July. After that upgrade fees on ethereum will be burned/destroyed rather than going to miners (who would then sell the ETH back onto the market). This will have a result of fees paid in ETH to use the network being constantly destroyed, reducing supply and likely driving ETH price up. It's basically a reduction in ETH inflation rate. I am EXTREMELY excited about this upgrade--billions of dollars worth of ETH every month are going to be "burned" rather than sold back into the market.
As for a "deadman switch", I'm not sure what you're talking about, but you might be talking about various "difficulty bombs" or other self-destruct "time bombs" added into the code. The purpose of such "bombs" is to give the program an "expiration date" to force upgrades and prevent any particular version of Ethereum being used past its upgrade point or hard forked off to a new Ethereum version as has happened to Bitcoin. Basically old versions of Ethereum cannot be used past a certain point or they stop working. That forces everyone to upgrade regularly and keeps anyone from trying to keep using old versions. This sort of thing is sometimes necessary when code is decentralized to keep everyone on the same page. It's just a code management issue and probably not the sort of "kill switch" you were thinking of.
Individual protocols running on ETH might have kill switches to allow developers to turn them off, but I don't know of anything like that in Ethereum itself.