Shark Tank star Mark Cuban recently aired his thoughts on Ethereum’s upcoming “Merge” upgrade. He pointed out how Ethereum’s utility as a smart contract platform and as a deflationary asset are at odds. In an interview with Altcoin Daily on Sunday, Cuban explained that there is an inverse relationship between deflation and utilization of Ethereum. “If utilization goes up, and the value of a token goes up, then the cost to do something goes up,” he explained. “So you have…
Tag: Bitcoin Covenants
What Are Bitcoin Covenants? A Guide to a Controversial Proposal
The proposal to implement Bitcoin covenants has spurred a fiery debate in the Bitcoin community, dividing people on the subject. On the one hand, many believe that covenants could make Bitcoin safer and more scalable. Conversely, others see it as an attack on the network’s decentralized, anonymous, and censorship-free nature. While experts unravel the implications of covenants for Bitcoin, we look closer at the proposal and how it could work. This guide to Bitcoin covenants should help clear the air…
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