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by ribosometronome 3230 days ago
>There are other crypto assets which are asymmetrical bets (lose 1x, gain 100x)

Such as? Eth isn't going to increase 100x in any meaningful amount of time at it's current price.

2 comments

Monero. It's the largest 'privacy coin'. I think I could make a strong investment case for it. I'll say this instead; Don't buy it unless you think privacy's important. It's the most (crypto) nerdy coin, with a technical community (r/Monero). I like to call it cypherpunk money.

As it's private it could get banned -- which could set in back in the short-term. In the long-term, I think it's going to be money (or something like it). It could be a rocky ride!

Edit: A rocky ride with consequences (It's not a fairground ride). I want to point that out.

Edit2: You could sell your investment, obviously. I talking about if you're in for the duration.

If a record keeping system inherently obfuscates the records, how do you audit the records?