The Coin that will replace FED ( OG level Post )
I was thinking about this for some time before posting ,
If we are saying bitcoin going to replace the FED ? Do you think it's going to happen ? question: Can bitcoin be censored ?
I would say yes , Big Miners have physical places can easily be found ,
Government wont attack them , instead they will collaborate with them to make it worst ,
This is Intel job , damaging the coin from inside , we have resistance to make it more decentralized by knots advocates
However,
This prove that Proof of Work can be easily censored and manipulated , despite the culture shift into meme. ,The culture can be restored by a big hard fork with media attention , I wonder whether this can happen
So , The coin to replace the FED must have no Mining ,
If we look into other coins , ETH, SOL , DOT , ADA, they are PoS , or DPoS
They are not Money- Focused , These coins are built to be apps and meme use cases , So , I don't think they are going to replace FED . They are manipulated by Fed and Banks to introduce Stablecoins
Next we have privacy coins
Monero ( The coin that introduced me to Crypto in 2015),
XMR went successful , despite exchanges delisting , the coin resist the attacks from CEXs delisting, resist the CIA , FBA attacking , But was easily attacked due to Miner selfish , despite the relying to CPU mining , this attack was easily achieved by old-style attack , Selfish mining
I think It's Sponsored attack, and whether XMR can be restored , we need to study it more
ZEC is another candidate , but the issue with ZEC , it has worst PoW , and it's not scalable, Bitcoin is actually better with LN many project to have payment working , ZEC has none , It cannot replace the FED , FED may like the coin because they know it cannot be a replacement
Bitcoin L2 , failed by introducing OP_RETUN , it has many spamming space . now is actually worst by introducing the storage mechanism of other data into the protocol , for apps and other use cases
I have studied all coins extensively, future money that cannot be censored
and I can say proudly , the coin will be NANO
But why NANO and not the other big coins , because I know the stablecoin wont be successful. because they are introducing fragmented ecosystem and bridges, Dollar is collapsing , there will be a need for a worldwide crypto
Nano has :
No Miners ( no physical places)
Minimal hardware ( easy to run a node and be representative )
Anti-spamming , Nano has the strongest Ant spamming and Consensus Security ( link )
Instant Finality , confirmation is done in less than second
Decentralized , anyone or any business using Nano or holding it can run a node ( I am running full node, I am holder and have some business)
has Pruning built in , It has no spamming doors ..
I think theoretically the coin can replace the FED, and why ,
You are free to comment about me shilling , but this post is for the history
submitted by /u/Aldhyabi
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