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RE: Buy the Dip - Would You Buy Bitcoin, STEEM, or Another Crypto?

in #steem6 years ago

I would probably diversify with some actual stock, BTC and then some Ethereum as a hedge (even though I don't really like it).

I won't ever buy STEEM. And more importantly, I don't imagine ever selling (unless it becomes a global sustainable ecosystem) it. I'm starting to view STEEM as social credibility rather than a cryptocurrency since it is imaginary money after all. That way I won't feel bad if it fails.

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Why does Ethereum put you off?

Most Dapps don't need to be decentralized and the potential bug nightmares with having Turing-complete smart contracts. A very large attack surface. More restricted smart contracts make more sense from a risk perspective and given the available use cases.

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