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I didn't downvote or upvote you. I had no idea what EOS is until I googled it. I have zero bitcoins (and some token gridcoins from the last month, but in donati
by quickben 9y ago
I didn't downvote or upvote you. I had no idea what EOS is until I googled it. I have zero bitcoins (and some token gridcoins from the last month, but in donating CPU time since it started as SETI).
The above being said, it looks like you are in your own EOS bubble.
You should zoom out of it, and I'd suggest further zoom out of the crypto coin hype, look at the digital coins objectively and decide if you want to lose your money, or risk increasing it.
That being said, some starting points for you:
Coins are trying to become money. We have tons of money, in fact we never had more historically.
After the last few crashes, the CBs dumped primes near zero (to avoid Max style of societial developments), and we even have more money around (cheap debts etc).
But, now we are doing fine.
BIS had a report weeks ago, outlining money contractions, salaries going up, cheap workforce from China+India joining the global economy 20 years ago stabilizing, and all that.
Cheap money, on this planet (so , not in the crypto world, or USA, or Luxemburg, but on this planet) will start contracting.
Crypto valuations, TAM and market caps are as high because people have a lot of extra fiat to dump into it (or in real estate, iPhones, high margin cars, etc).
As money becomes less obtainable, take a guess where they'll be drawn out from (well, Canadian real estate, but other stuff too).
So, after all of the above being said; I'm really glad you have a job as a c++ optimization expert in coin attempt number 3 by your CTO, but I suggest you remain sceptical about it success prospects.
- nadam 9y agoBitcoin is (or aims to become) digital gold. It is a possibility to store 'gold' in a way that you don't have to trust anyone to store it for you, and can only be stealed from you if somebody knows your private key. Even if you are skeptical about the whole crypto industry, I suggest you to consider that at least the above alone have tremendous value. EOS is not a money though. It is a trustless high-throughput decentralized execution environment or 'decentralized trustless cloud' so to say. It is an amazing project from technical point of view, (when your cloud application runs, it is run on 21 block producer clusters independently which are voted by stakeholders). And I find it antiintellectual to downvote somebody that speaks positively about this project, while serious and honest debate about it is very rare on the net. (I understand you did not downvote me). Whether it is a good investment, is a tougher question that is why it is not my biggest investment as I mentioned. As for digital money: Do we need a decentralized trustless money and payment network? There can be a debate about it, but I think, yes. There is a lot of competition in this space, and there is a possibility that because of network effects only one of them will become mainstream. I think DASH is the one that has the biggest potential to achieve this.