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RE: Here's Why You Should Power Up As Soon As Possible!
Thanks @alifton for that outstanding post. Yes I'm not new to this - I've been in and out of crypto since late 2013 and I'm still learning and making mistakes. Mostly mistakes but I think that is how you learn best.
Any time you think something is a dead certainty in this field it has a habit of pulling the rug out from under you.
Your advice (diversification etc.) is very apt but I suspect people will only follow it after they lose enough to make them realise how important it is!
@thecryptofiend We've all made mistakes. What more important, is did we learn from them along the way. God knows I've had more than my fair share in my life.
Maybe we should start a thread or tag for intro to crypto so we can help others get caught up to speed if they're new. Hopefully in-turn we can all learn from each other and the collective years people have spent feeling out the world of crypto along the way.
From the early days of GPU mining SHA256 (when it was still possible) to game changing ASIC's and even further down the road into ASIC resistant algo's like Etherium and Cryptonote.
They all have pros and cons and Steemit being crypto based social media might not be a bad place to discuss it in an open forum format. ;-)
PS: I forgot to put that I added you to my followed users list after checking out some of you more interesting posts about the DOA hack, it's timing and in theory could it have been considered a well timed white hat attempt to stop a much larger problem from occurring down the road. The post was insightful and something I've actually debated elsewhere with people as to its implications and timing.
Was it Black, White, or Grey would be a matter of opinion because no one will ever know for sure the motive behind the breech. In any case no matter how you label it, the hard fork bailout would have been much harder to pull off had the DOA pressed on only to be hacked later down the road.