Are Cryptocurrencies Self-Sustainable?
According to Coinmarketcap.com, 1620 kinds of the cryptocurrencies in total are being traded as of today. The market capitalization is US$280 trillion.
Having said it, I have to ask a very simple and fundamental question to cryptocurrency enthusiasts: Are they self-sustainable? Can anyone answer?
There was a paper about self-destructiveness of the cryptocurrencies with the “long chain” rule. (https://arxiv.org/abs/1405.0534)
I am afraid the self-destructiveness applies not only to the ones with the long-chain rule but also to most of them simply because they are NOT designed to be self-sustainable. (I am almost certain that none of them are not.)
Now we at EcoVerse team is designing a cryptocurrency platform with self-sustainability. The whitepaper will be released soon.
Stay tuned!
cryptocurrencies' self-destructiveness by long chain-rule,
worth notice.
To the question in your title, my Magic 8-Ball says:
Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.
Arguments of the article you presented seem to be interesting, including "the longest chain rule."
Hello Albert, stay tuned. We will bring a cryptocurrency ecosystem that is self-sustainable.
Good news. Let's check it out in three years. :-)