Re: Goal: No Sell Bitcoin 2018 You have to ask yourself... What's a problem you know for a fact exists, and what blockchain project will solve this problem?
The only one I can safely say solves a problem that isnt a fork (replica) is BTC. And it has nothing to do with buying a coke at the store... Visa works just fine for that.
The problem I have is inflation, the ability for my money to be confiscated, and having to ask permission to send funds internationally.
And I'm not going to put my faith in a project that's controlled by a small group of people or has a CEO. Or a project where the network isn't secured by proof of work. (and not the ⊗⊗⊗⊗ Nano kind of POW, I mean a actual POW algo that millions of chips all over the world are hashing away on) Not just nodes validating transactions. I'm talking about the type where it would cost more money to do a 51% attack than could be gained by attacking the network
I'm not about to put my faith in a project that was only created out of greed and had a pre-sale or pre-mine or dev fee built into the code.
Any thing other than that is just blindly hoping someone will be willing to pay more for the coins you're holding in the future.
Now dont get me wrong. I'm holding 8 ETH ATM and I don't see Ethereum solving any world problems right this minute. I didn't buy them, I mined them, and I'm blindly hoping that someone will be willing to pay more for them someday.
The only other coins out there that fit this criteria are Monero, but since its a privacy coin and you cant look at the blockchain its practically impossible to know if it's under a 51% attack. And Raven Coin, but I don't see it solving any world problem any time soon. |