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TopicEthereum blockchain facing potential collapse due to bloat
BlazinBlue88
06/13/17 11:40:36 AM
#48:


QuantumScript posted...
BlazinBlue88 posted...
QuantumScript posted...
1) Stratis, Siacoin, Ripple, Golem, and DigiByte are coins that I'm looking at right now

What information are you using to determine that these are the possible up and coming coinage?


1) Whitepapers
2) Researching the team to see who is leading and who is developing
3) Researching who has invested (any companies? any banks? any venture capitalists?)
4) And most importantly, looking at whether or not I believe in the underlying technology

Take Golem, for example - the aim is to create a world-scale supercomputer that you can use for very little cost, if you want to get answers to complex physics or mathematics simulations, etc. That's really fucking cool, and it's shaping up to work. It's got a lot of development to go (they've got a seven year timeline) but I believe in it or something like it. So I'm going to put some mining time into it.

I wouldn't buy it except with money generated by my mining hardware. I treat the hardware as a hedge against volatility, inflation, etc. If cryptocurrencies crash across the board and I only ever invested cash into it, I can lose my cash. Whereas with hardware, I'll still have the hardware.

If Ethereum crashes because the blockchain issues aren't resolved, I'll sleep perfectly fine at night because I know I have my mining rigs up and ready to mine any other mineable currency that I want. And there are great alternatives right now.

Interesting. What site do/will you use to buy these coins? Obviously I know Coinbase is legit but they only sell the 3 main coins. Looks like you need to buy them with BTC/ETH?
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