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RE: The World of Cryptocurrency - Which ICO is worth Investing
Wow, very detailed post. I. Would like to add to this already well written post, that before you invest in an ICO, it would be important to have some level of physical contact with those carrying out the ICO. Make sure they have a physical building where they exist and try to get someone to check them out. This should be in addition to all you have listed above. This reduces any form of fraud or wrong investment. Thanks
You just add a very important item to determine whether an ICO is legit or scam. Thanks for the additional info buddy. appreciated!
Bitcoin derives it's value from it's use-case to store value, digitally across multiple nodes around the world in a decentralized way.
This means there is no entity to take down, or for to go mad with power. It simply exists as the internet does. If the internet or power goes down, the world would be fucked as it resolves into panic. But every single hard drive with a copy of the bitcoin ledger would have to be altered in exactly the same way (at the same time online) for the system to be hacked. Every hard drive would have to be destroyed for your reflecting balance on the last block to be lost. If your bank blew up, your balance would be lost. If your government goes mad with power, your fiat will become worth less than the labor of carrying it. Furthermore concerning value, there is a finite supply of bitcoin, a golden meteor can hit america and wipe it out, killing the demand for it, while doubling the supply. If civilization is truly entering an awakened state, our materialistic value would fall away and gold would be worth the little use case it has.
The money hungry worms behind our misguided capitalistic world are also amongst our dreamers and believers that want to make a difference for more then just their own sake, even some dreamers have turned to the dark side as power fills their minds. Companies get created around bitcoin and get's taken down by their government if they do not fall under regulation, an innovator with 'power' cannot blatantly state that he is aiming at disrupting the system of the people in control, he will be made an example out of. The real game changers are working with the system as power gets redistributed. The people in power are blinded by ignorance and their hunger for a piece of crypto's pie will be their downfall, once they realize we no longer see their need, it will be to late, they will not have more (previously perceived-) 'power' than the average adopter of the new world.
Distrust in our service providers of trust is causing chaos and a way to deal with each other without NEEDING to trust, because trust now simply exists through the method of the block chain, has come to light. I believe our fall might not be as big because we can take the system without destroying it. We have an alternative in crypto and we need just transition before the old system collapses. The old system is presenting itself in the crypto sphere with products that promise many things, like big returns and 'free money'. Just keep in mind why we need bitcoin and the block chain, think if the company that you are thinking of supporting, are supporting the old way of doing things, or are they working to a better future?
My belief is that fiat will end up in the hands of the 'poor' communities, this will empower them to rise to the digital world eventually, here is my article on this matter.
here is my link to a propsal on how to solve the problem that all the forks are trying to resolve. By burning the amount of bitcoins with which you want to transact with into fractions of that bitcoin, the bitcoin community could create this coin tied directly to bitcoin in the sense that 100 bitcoin silver represents a bitcoin, and a 100 bitcoin copper would be one silver, like in most mmorpg's. At the end of the month, your business burns all it's bitcoin silver and copper into bitcoin again, adding to the big ledger, and subtracting from the forked ledger. The forked ledger would always batch up with the bigger ledger, and value would remain in the system.
For now, stick with the smart people, the ones that have 'bettering the world' and not just the stakeholders in mind, because a 'better world' is approaching. choose the right side.