STEEM Is At $2.15 & I Invested In QRL Saturday was it a good investment?

beeridiculous (57)in #steemit • 7 years ago

Welcome to STEEMCast ! Today I bought some Quantum Resistant Ledger (QRL) ! Was it a good investment? I have the whitepaper linked below, you be the judge. First here's a little info compliments of ( https://bitcointalk.org/index.php?topic=1730273.0 ) 👇🏼👇🏼

Quantum Resistant Ledger (QRL)

The QRL will be a cryptocurrency ledger which is designed from the outset to be resistant to both classical and quantum computing attack. It uses a different system of cryptography to bitcoin (and all other altcoins) known as hash-based digital signatures which are quantum-resistant. The ledger will be the first to experiment with quantum-resistant signatures whilst providing an ultra secure backup store of value in the event of a sudden advance in quantum computing (rendering bitcoin, ethereum etc vulnerable to attack). The initial aim of the chain is to offer a low volume of ultra secure transactions in the first iteration with guaranteed longevity.

Proposed technical details can be found in the white paper on the website at the bottom of the post.

Regarding coin issuance we may follow a three-pronged approach (though subject to change): 1) a small ICO to help with project costs (<5% supply), 2) bitcoin balance importation at 1:1 ratio for first 3 months (signing a QRL address with a bitcoin private key to a valid address and balance), 3) mining of remaining supply to hard ceiling of at 21x10^6 coins via an exponential decline.

Whitepaper: http://theqrl.org/whitepaper/QRL_whitepaper.pdf
Website: http://theqrl.org
Subreddit (empty for now) www.reddit.com/r/QRL

I bought for $0.78 on Saturday night when I saw it launched I'm hoping it stabilizes soon. What are your thoughts ? Please comment below 👇🏼👇🏼👇🏼

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Thanks for reading !

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