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RE: Seeking 1000x Returns: Why Investing in Crypto Platforms is the Way to Go
Well reasoned article. By in large I agree with the exception that some of the coins - specifically the anonymous ones like Cloak, for example - offer a viable investment alternative even though they are not a "platform". Thoughts?
Anonymity is a source of value and therefore a worthy look. We need to become better at "valuing" coins instead of just trading fiat for them and then hoping for a 7000% boost in price. If cryptos are going to revolutionize the system, they have to show why they are real store of value. Its not as easy to evaluate as one would think.
Cloak Coin, from my understanding, is like Monero and ZCash which are cryptocurrencies that provide solid privacy protection.
As such they have their use case for sure and once adopted their value will be justified and hopefully appreciate. Monero is already a popular choice on the dark web and for those who value privacy above all else. That same level of validation is what is needed for Cloak Coin to stay afloat and appreciate.
So I really categorize Cloak Coin as I would any other crypto currency that is vying to be considered 'money' which means there is healthy competing but I don't see it as something that will have the disruptive capability of a Platform