Historically, among the metallic money group, Silver is the 2nd best compared to Gold. Some people simply prefer Silver’s color.
Among the blockchain money group, the 2nd best is really similar to Bitcoin, except it has slower block time (30 mins), and lower supply cap (7 million coins). All other parameters remain the same as Bitcoin.
Since PoW consumes a lot of energy but most people only use it as store of value, it is more logical to slow the block time down to 30 mins (vs Bitcoin’s 10 mins). You don’t put your Gold into storage and immediately take your Gold out 10 mins later. Even when you charge your electric cars, it will take at least 30 mins to get any meaningful energy.
The lower supply cap is obviously to minimalize the “inflation” caused by this inevitable hard fork.
The whitepaper of this hard fork was shared to r/btc yesterday. I also shared it to r/Bitcoin today, as I needed time to find the right words to share it there, where a lot of Bitcoin maxis are. Still, the moderators there did not allow this to be posted.
Please don’t get me wrong, I love Bitcoin and Bitcoin is still the best. However, this “2nd best” is inevitable, since careless people are everywhere and most lost coins cannot be easily recovered. As the number of lost coins rises, at some point we might not have enough coins to address the salability across scales.
Lastly, I want to note that this is still just a whitepaper written by my friend Frost Aiken (a developer who prefers to remain pseudonymous). I am having trouble contacting Frost but will try again later. When and how this whitepaper can become an actual hard fork will depend on many factors and only time will tell. God bless and a good weekend y’all.
Thank You, Bubbly_Ice3836
submitted by /u/Bubbly_Ice3836
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