Yeah, it is majorly manipulated by whales. No doubt. It would be nice for market decoupling first because IF Bitcoin were to disappear, everything could be absolutely obliterated in the process. No thanks.
The problem in the global economy is that countries print money, this is constant inflation. Crypto currencies have the same problem. Thus, modern accumulations of citizens are constantly eroded.The unique value of bitcoin in its limited offer. Already mined 18m, 3m left. Today, 1800 new coins are generated per day. In 2020, the reward will be halved, and in one day only 900 coins will be generated. The last 1% of the coins will be mined for 100 years, and 99% of them will be issued by 2036. Bitcoin will soon become as a universal means of preserving capital, which will be a means of exchange between all national and corporate cryptocurrencies. Therefore, we still have in our lives to see bitcoins at a price of 1-10m$.
I think you mean "didn't sacrifice security for performance". But bad performance can be a security issue too and I don't think Bitcoin has the right balance. Probably not Ethereum either, currently, but there's a plan to change it.
So, cosmos is more like, build on our SDK and you will be interoperable. It's actually an interesting one to explain.So Cosmos is a "dapp is a blockchain" philosophy. So they see many disconnected bespoke blockchains, IBC is really just a protocol between these blockchains, where they use each other as light clients. So blockchain B receives an IBC request from blockchain A for a NFT transfer. So it sees that blockchain A is built according to the same specification, so it allows the transfer. blockchain A is still it's source of truth though, as a light client though. So it's a little bit different than interoperability. So you can't all of a sudden have bitcoin in the cosmos ecosystem because it doesn't support IBC (maybe it does one day, but not for now). So that's kinda similar to if you code smart contracts on Ethereum, you could say that smart contracts are interoperable (even though they don't have native awareness of other smart contracts or assets, but they could be designed to). So then Ethereum is interoperability? So Cosmos is sort of like the interoperable specification, and blockchains should support IBC (It's very cool). Now on the other side, let's look at Fusion and specifically DCRM. DCRM is threshold ECDSA (and other TSS later as well). So this allows a distributed (or decentralized) network to be the custodian of ECDSA, meaning it can in a decentralized fashion "own" crypto from other blockchains (bitcoin, ethereum, and other ECDSA compliant account systems). So DCRM as a module to cosmos would allow cosmos networks that support IBC to have native (via on-chain custodianship) off-chain assets (like Bitcoin).So while both fall under the bracket of "interoperability" they are fundamentality different.The combination of the protocol and technology becomes powerfull though, because then you can start doing things like trigger smart contracts on Ethereum with Bitcoin or other blockchains.So I really don't think it's an either / or kind of thing, but have very specific strengths that they are playing towards. And I would love to see DCRM as an x/ modules addon for Cosmos. What Cosmos did really well, was protocol and architecture. Now it's time we leverage their strengths and add on technology from other blockchains based on their strengths. I don't forsee there being one chain to rule them all, but instead a set of tools and specialties that let's us plug and play our desired end result. The chain I'm currently working on is a UTXO based "dapp" layer for offline transaction chaining built off of Cosmos SDK, it uses DCRM for Threshold ECDSA, Fantom ABCI for consensus instead of Tendermint, and K-Zen threshold wallets for user controlled TSS. So lot's of room to work with all these different components for your desired end result. But I'm a product defines the tech kind of guy, not the tech defines the product, so my views might be different than the pure technologists.
Guys, what about this? This seems to me an interesting and promising branch of development for us.There is now a debate about whether or not to allow corporations to produce their crypto money. But I believe that soon it will become less relevant.For example, companies will soon have a “goods delivery transaction token” that replaces the regular invoice and reflects the financial value of the goods and the conditions for their delivery.Such a “crypto product offering” reflects a unit of “financial value” that the corporation produces."Financial values of corporations" in the global economy are exchanged, for example, through the USD, which is essentially a stable coin, like some national currencies. But at the same time, today, hundreds of crypto-stable coins will appear and at the same time there are already bitcoins and other cryptocurrencies.Thus, there are a lot of currencies, but it is the commodity values produced by corporations, expressed through the “goods delivery token” that become real financial value for society. Stable coins fade into the background, (there are already hundreds of them and soon there will be thousands), they are just a means of exchange made by corporations of "physical value".Corporations producing goods and exchanging them through "token-goods-delivery" will be the producers of "crypto commodity finance", which in fact will be something like corporate crypto money.Namely, “trade-product-to-corporate tokens” will gain real financial value, in a world in which there will be thousands of stable coins, in this world it is Bitcoin that will become a means for the accumulation of values.Fusion, is the main technology for the construction of new trading cryptocurrency networks for B2B2C with the possibility of producing “product-transaction corporate tokens” and delivery to consumers' wallets and other markets.
Perhaps this also confirms my hypothesis of stable coin hyper inflation. I assume that in the future, in the “stable coin-product” pair, there is a problem due to the fact that “crypto-stable coins” will be produced on an industrial scale by all countries and even some Tether, in fact a private company is already printing its cryptographic 1: 1 like a dollar and exchanges it in the market for real $ 4B “assets-assets”. I'm not sure if Tether has 1: 1 fiat dollar security for its TUSD. Also, some DAI make stable coins like a dollar 1: 1, say, conditionally, “out of thin air”.In a situation where stable coins are mass-produced by everyone, they are depreciated, although they are a convenient way to fix the "constant value of the price of goods over time."The mass production of stable coins by all will begin to depreciate the revenue of corporations, so they will immediately exchange “stable coins”, for example, for bitcoin or something that has a limited amount of shares, for example, FSN.And corporations may well allow fluctuations in the value of these valuable crypto assets in their warehouses, but at the same time, they can sell goods in exchange for a “stable coin”.
And the less bitcoin becomes in circulation, the richer people will become - the question of pensioners will be resolved, because what people earned in their youth, all their bitcoin accumulations will naturally increase many times in value in their old age, because bitcoins are always lost and in general they accumulate with the owners, so their value is constantly increasing, the new generation does not have bitcoins and they will have to earn it by providing services to the older generation on whose shoulders they actually stand.
Your question: How will they relate to stable coins?I believe that they will print them, because it is easy and this allows you to gain control over the savings of corporations and citizens. Therefore, the next question is how quickly citizens will part with such “air stable coins” ... And will there come such a moment when no one wants to sell something in exchange for “air” or for example, no one wants to keep in their wallet "coins from the air" that lose value in relation to, for example, bitcoin, i.e. why would anyone need coins that have constant hyper inflation.
Deutsche Bank just released a report detailing the 'end of fiat money' and the rise of cryptocurrencies like Bitcoin within the next decade.“The forces that have held the current fiat system together now look fragile"https://t.co/uMKGrg6FOi