2/21 ANDY HOFFMAN (CryptoGoldCentral.com): First, MimbleWimbleCoin’s White Paper…and Now, It’s Mission Statement!
My career has been defined by response to change – and opportunities that arise as a result. To wit, if you had told me in 2001, when I was a Wall Street energy analyst, that a year later I’d be fully invested in Precious Metals – and subsequently, a Precious Metal “guru” for 15 years, I’d have thought you as crazy as if you told me in 2015 that I would not only embrace Bitcoin, but sell my gold and silver to buy it.
Most successful investment careers – with the exception of “seventh sigma” outliers like Warren Buffet – are defined by many years of stress, frustration, and losses, that are more than offset by a few home runs. In my case, the home runs were junior mining stocks in 2003-05, and again in 2009-11; and Bitcoin from 2016-18. In all cases, I bought at the absolute lows, but in none did I sell anywhere near the highs. Still, I took enough out to deem the endeavors major successes, as I sought the next opportunity.
Unlike mining stocks and bullion, I still believe strongly in crypto’s future. So much so, it could potentially play a dominant role in global finance for generations to come. That said, just as neither I, nor ANYONE, could have predicted how it has evolved so far, there is NO WAY anyone knows what will occur next. And by evolution, I mean the scope, timing, and percentage of Bitcoin “dominance” in the next crypto bull market.
Nearly 18 months ago, Adam Meister coined the term “crypto-dividend” to counter the pre-BCash FUD – claiming it was a positive development for Bitcoin holders, paying tribute to those holding the dominant crypto, in a burgeoning testnet of crypto entrepreneurship. Yes, BCash and a handful of “insurgents” (like SV) used crypto-dividends to ATTACK Bitcoin – but for the vast majority, they were simply trying to create something investors would value.
Hundreds that merely cloned Bitcoin have failed, but a handful have gained traction. And in the big picture, all have given Bitcoin holders the ability to profit, for free, assuming they have the technical skills to acquire them safely. And in hindsight, Bitcoin has neither been challenged nor “diluted”; but instead, strengthened by the growing level of knowledge, technical expertise, and trial and error crypto-dividends have spawned.
In my case, I chose to take my Bitcoin profits when the Hoffman Line broke – as frankly, I’m too old to have taken such a big financial risk. To that end, experience brings the ability to change one’s view about the world. In my case, one of the most important observations I have made – which again, would SHOCK anyone who followed me a few years ago – is that the dollar is here to stay, for better or worse, for the foreseeable future. Thus, I no longer think Bitcoin needs to be owned to “hedge” against hyperinflation (at least here, in the United States); but instead, because it represents a revolutionary technology that could change the world. So, I do not wake up fretting that I hold most of my net worth in dollars, or real estate.
Instead, I have chosen the “safer” route of investing my time in crypto projects I expect to generate significant “shareholder value” - in both cases, Bitcoin crypto-dividends. The first is BRhodium – which I received for FREE, and have spent 14 months learning about, and building confidence in; and the second, the in-my-view fortuitously timed MimbleWimbleCoin (MWC) – which aims to reward Bitcoin holders for merely “testing” MimbleWimble technology; i.e., passively holding a FREE airdrop.
MWC emerged from the vision of another Adam Meister disciple, (@chrisgilliard – who like myself, recognized the power of crypto-dividends to provide yield for Bitcoin holders, and technological innovation for the space. Chris, a Bitcoin OG and deeply experienced coder, also understands the incredible potential of MimbleWimble technology – that even Bitcoin maximalists have been forced to acknowledge, as a potentially “better” blockchain protocol.
It’s still in its early stages, but now that Beam and Grin have been launched, MW is being “test-netted” in the real world – with the potential to dramatically improve on current scaling, privacy, and fungibility constraints. Whether it lives up to its potential; and if so, becomes dominant on its own or subsumed by Bitcoin; are questions that may not be answered for some time. However, the fact remains that MW is a MAJOR technological development, in a space that will be defined by major technological developments for years to come.
Last month, MWC was officially launched – via THIS article containing links to its website, Twitter handle, White Paper, and a dedicated podcast I did with Adam Meister on the topic; in which, we introduce MWC – a coin that unlike Beam and Grin, will be scarce, pay a dividend, and given for free to Bitcoin holders. Also, that airdrop registration is scheduled to commence April 20th, ahead of the July 19th snapshot; i.e., the three-year anniversary of the original, anonymously submitted MW White Paper.
…which I followed up with THIS account of why I believe MWC will be considered viable, in a crypto technology niche investors will want to be exposed…
To that end, last night Chris Gilliard delivered his personal vision in THIS article - which thoroughly, and beautifully, describes why he created MWC, and expects it to succeed. After reading it, you’ll understand MWC’s “mission statement” completely; and hopefully, especially if you’re a Bitcoin holder – it will encourage you to do further due diligence on the emerging MimbleWimble phenomenon.
Stay tuned, as the MWC airdrop registration begins April 20th, ahead of the July 19th snapshot. For more information, please check out the MWC website and Twitter feed.