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by addicted
1415 days ago
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You don’t need to understand the technology to recognize the financial scams being run. Offering 15-20% guaranteed rates of returns to unsophisticated lay people in times of historically low interest rates doesn’t require any technical knowledge to know it’s gonna fail and/or is a scam. |
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AbsoLUTEly.
I have utilized bitcoin transactions since 2012; I've never really cared for "altcoins," and was on the "losing side" of the Aug2017 hard-fork (BTC/BCH). Your majority crypto asset should be bitcoin, alone (at least 80%+).
Ethereum's decision to go "proof of stake" will lead to an "inverted parabola" (i.e. short-term increase, long-term destruction) of the ETH.marketcap, IMHO.
Any stablecoin (or fedcoin) should be met with Mark K's excellent question: "Do you REALLY NEED A BLOCKCHAIN to implement your idea?" If your idea does not require/MANDATE "de-centralization" as a fundamental core operating principle, USE A DATABASE INSTEAD of a blockchain (hint hint US Fed flirting with digital dollars).
Some of the few things which make bitcoin (alone) so special/unique (IMHO): 1) Founder effect 2) Limited supply of ~21m (†) 3) Simplicity of transactions
†): For the purests: yes, technically if 100% of nodes agreed then supply issuance COULD change (but realistically this would result in yet another hard-fork).
I maintain approximately 1/6th my wealth in bitcoin; I have now been through nine "crashes" (of the bitcoin environment) and only recently began diversifying outside of crypto.