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Title: Who here loves crypto currency? What do you lovethe most and why?
Source: Irá Freeman
URL Source: [None]
Published: Feb 16, 2021
Author: Irá Freeman
Post Date: 2021-02-16 23:59:12 by Ira Freeman
Keywords: None
Views: 851
Comments: 7

Anyone?

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Begin Trace Mode for Comment # 4.

#1. To: All (#0)

I’ll start it off with digibyte, second chance with bitcoin performance

Ira Freeman  posted on  2021-02-17   0:04:29 ET  Reply   Untrace   Trace   Private Reply  

I'm certainly a crypto advocate, but I hope you're not here to pump up a specific crypto asset. Pump and Dump promotion schemes are fraudulent and immoral and will be called out as such here.

Pinguinite  posted on  2021-02-17   1:05:47 ET  Reply   Untrace   Trace   Private Reply  

I’m genuinely curious which coin projects people here are into

Ira Freeman  posted on  2021-02-17   7:09:20 ET  Reply   Untrace   Trace   Private Reply  

#5. To: Ira Freeman (#4)

I think the major coins are best for the bulk of investment. Coins that are obscure are higher risk if they've not proven themselves with time.

Bitcoin is of course king but only because it's the first and it has major shortcomings, the leading one being the cost of transfers right now. Even Ethereum, #2, is starting to have that issue though it may be fixed soon. Cost of xfers will certainly make the major alt coins more attractive.

In competing with CCs and such, EOS is one that brags it can do so in both transaction speed and volume making it usable in a retail setting. Retail usage capacity is a must for any crypto that is going to have a long term future, IMO.

But the general advantages of crypto over the printed dollar are significant, #1 being decentralization and a removal of any privileged party to print as much money as they desire. Of course Bitcoin was born out of the fiscal abuses of the 2008 financial crisis where gross irresponsibility and greed by big finance institutions that were fleecing the public with bad mortgage deals when anyone could get a home loan no matter whether they could afford it or not, no money down, and when things blew up, the US gov kindly saddled the tax payers with the bailouts and rewarded the very banks that created the mess.

With free-market, proof of work crypto, centralization is gone, and that's a good thing.

Pinguinite  posted on  2021-02-17 08:50:43 ET  Reply   Untrace   Trace   Private Reply  

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