RE: Dare we actually stop and assess the "value" of Crypto? 🤔🕵💵
I took out what I put in and I kind of regret it. I made a mint selling ETH in June and tried to spend BTC to make sure it was possible. As I spent the BTC I saw more and more real-use cases. That era has come to an end!
I read a "Forbes" article recently that was exclusively on BTC and it made a good argument that BTC should be worth around 1 cent. I re-read the article and realized that they stated BTC was the basic unit and they were comparing to the USD. So taking the satoshi as the basic unit and applying the USD shows it is undervalued. Then again many of the world's currencies have units smaller than a penny. Gold and Silver can be said to have no monetary value, also. I see your point very well though, I bought a few bucks in Ripple just as a pure speculation. A hedge against the banks seizing control of the cryptocurrency market. I really do not like the currency, the concept, the team behind it, the 20 xrp stuck in every wallet....Here is my rant: https://steemit.com/ripple/@pastbastard/my-short-rant-on-ripple
The sad reality is people got into the BTC to change the financial world when it first started but now it's mostly people after a profit. You can see with all these micro alts now that people will buy anything if they believe it will make them money, sacrificing their precious BTC along the way. (https://steemit.com/bitcoin/@somecoolname/can-an-ultra-cheap-alt-coin-really-make-you-rich)
Will check your post out now :)
I thought hashgraph might be a game-changer but it is not open source. I think BTC has been its own greatest enemy....
Yeah the thing with hashgraph is no doubt something will come along that in a few years that is meant to be even better than that. There seems to be no end to new technology coming out.
I go with any concept I really like usually. I have some friends who have done well and been in longer, so if they say something will earn, I usually throw in. Also, I work at JHU so gotta hodl the Zcash!
Tron has a great idea behind it, but it's ambition just seems way to big. I think most of these coin creators know they will never do what they say they will. And as for ICO's, there is zero incentive for them to do anything as they already have the money.