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RE: Protecting My Investments

in #dtube6 years ago

Right on! Yah smart contracts and the protocols that enable them to function properly are complicated subjects, I am still pretty unfamiliar with it myself, all I know is that smart contracts have the ability to create games, apps, and much more on the blockchain that it is enacted on, I also know that there are 2 different types of smart contracts that allow different things but the specifics of it I am unsure. Then "protocols" are the set of rules upon which that code or "smart contract" is written.

It gets much more complicated than that but I stopped researching beyond that part of crypto because I have no intention to create decentralized applications and Im not a computer scientist, I'm a permaculturist so I feel that the knowledge isnt relative to what I'm doing in life.

I think you are doing what I was doing a few months ago, which was searching for more answers and more understanding to how it works, and how much of this info do I really need to know in order to utilize crypto to my advantage?

And the answers that I found were that people can write permanent agreements into a blockchain by utilizing its computer coding and "protocols" in order to make a contract on whatever they want be it a car sale, a rental agreement, an inventory ledger, a personal agreement, you name it. I'm pretty positive that thats how partiko was created.

And as far as my opinion on some of the best long positions currently out there are with Cardano because it is build and developed by a team of scientists including a man who helped create Ethereum. They created it with the purpose of solving the major problems with blockchain and creating a superior science-based and proof-checked cryptocurrency.

And my other choice, which is actually what I have most of my holdings in, is Sirin Token by Sirin Labs which created the worlds first blockchain based cellphone if you have not heard of it, check it out: https://sirinlabs.com/ The phone is increadible and I truly believe that this year they are going to explode, along with quite a few other alt-coins.

If there is anything else your interested in let me know.

Blessings!

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