Analog to history:
- gold is stereotypical store of value throughout history
- Other materials gain favor for periods of time
- Silver
- Copper
Proof of work coins as gold
Both expensive to mine
Bank notes as altcoins
- vastly speeds up transaction times and lowers fees
- But even normal currencies die
- see dysfunctional economies around the world
- Some are good though
- Algorand
- Cardano