Crypto Quickie: REDD vs BL-... STEEM!
An old rival, Reddcoin, is gearing up for 1.0 release this month. Crypto news sites have already started trumpeting its advent and price boost.
Warning: Speculating on heavily promoted currencies can leave you a victim of a Pump and Dump scam.
Censorship resistance or convenience?
From what I've understood of the cursory review of various articles on REDD, here's some points that grabbed my attention:
- REDD is coming onto traditional social media platforms with its own plugins
- REDD could potentially be under threat from Bitcoin-tipping projects (if and when Lightning gets its ass in gear)
REDD does not offer a decentralised platform, and despite what cryptobriefing thinks, the regulators may still come after it -- unlimited "tipping" could possibly have money-laundering potential that STEEM lacks. Oh and on STEEM we're building a "task based microeconomy"? (Sorry @icosandwhich, I'm making a blog post out of this).
(butchered Star Wars reference by me, Fair Use)Post Script
Wanted to get this out today because there seems to be no discussion of this on STEEM right now (besides price updates) and I'm going to be too busy for most of the day tomorrow. Hopefully more knowledgeable people will pick it up.
Awesome, Im getting som Reddcoin! Im going to put my rent and food money into it and my life savings!!!
Thanks a lot for the financial advice!!!😂😂😂
Just kidding around, great post!
Thanks for the resteem!!!
/FF
I'm ashamed to say that I was a bit scared for a second there as I started reading.your comment 😅
"Oh no, did I push someone into a potential Pump & Dump scam?"
Seriously though, I think I should add a warning about speculation to the post, so thank you for brining it up.
@eccles
I was just joking around... Ha ha... Because everyone online mentions "this is not financial advice" all the time when they are talking about crypto, I thought it was a suitable joke...
/FF
Oh yeah, I caught on to the joke eventually, that's why I mentioned "for a second there" 😄
It's a good joke -- a humorous take on a dark reality lets us re-asses it. I'll remember to be mindful of the disclaimers in the future.
@eccles
Yeah I made some crypto posts that are in the blockchain forever now, with out that disclaimer, ha ha, I hope I don't get any problems... They where obviously not financial advise...=/
/FF
@friendly-fenix
If you've not misrepresented yourself as an industry professional and did not advertise a business you have undisclosed affiliations with, I'd say you're off the hook.
@eccles
Cool man!!! Im most likely off the hook then...
Edit-(I try not to represent myself too much around here, ha ha)...
/FF
@eccles, I gave you a vote!
If you follow me, I will also follow you in return!
Enjoy some !popcorn courtesy of @nextgencrypto!
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