I like the idea of the estcoin (if they implement it very thoughtfully) and the e-residency, but I’m quite sure it won’t bring an end to Bitcoin and Ethereum.

First of all Ethereum is not a coin but a powerful distrubuted computer that allows the execution of smart contracts. A new coin will not replace this function.

Second, you argue that a coin governed by a government would resolve the trust issue. One of the reasons people like decentralised cryptocoins is because there is a lack of trust in governments. If the estcoin just becomes a digital form of the Euro, it will not be more trustworthy.

Third you argue that by starting new cryptocoins people ‘print’ more money. It is not printed the same way governments print money nowadays. It’s not a central govenment that decides to devaluate their coin to relieve their debts or be more attractive to trade with.

Fourth the quote of Olavi Miller: this just brings cryptocoins all back to a government controlled coin. This is just the opposite of the idea behind Bitcoin. This is also why an Estcoin will not replace Bitcoin. I mean: government controlled mining. This should bring trust… really?

)

    Gerbert Vandenberghe

    Written by