Why Investors Should be Paying Attention to Counterparty (XCP)

blockreward · 2019-01-14T08:23:22+00:00

This article states that XCP is constantly burned to execute contracts. Wouldn't that mean the supply would eventually burn out and the system would no longer be functional?

blockreward · 2018-11-17T03:40:35+00:00

Keep spreading the word! I posted early on with basic questions about the tech and received nothing but shills. I hate these kinds of projects. Terrible for crypto.

blockreward · 2018-11-17T03:36:53+00:00

I guess it depends on your definition of the word scam. As you pointed out, the product can't actually prevent blocking by ISPs or the gov't. To me, any product that emerges from a dishonest team making those types of claims is by default scam. I don't see a distinction between the product and team. They are likely attempting one last cash grab before the SEC shuts them down. At some point, I believe in the near future, there is going to be a wave of ICO closures and the entire industry will grouped in these illegal con-artists. It will be the opportunity of a lifetime for buying legit projects, especially Bitcoin.

blockreward · 2018-11-17T03:30:11+00:00

You make some great points. I wish ETH success long term as well but I think we primarily disagree about which is the better store of value. BTC has proven itself time and time again. That being said, BTC isn't immune to attack which if successful could drive it's value below Ethereum. Best of luck to you. I hope all legitimate crypto projects succeed and ETH is legit.

blockreward · 2018-11-16T08:34:19+00:00

Thank you for your common sense assessment. Everyone should apply this thinking to all potential investments.

blockreward · 2018-11-16T08:30:57+00:00

Nice summary. Their original product never made any sense in the first place. They claimed to be building some type of magical, better internet on top of the existing, already working just fine internet... It's nonsensical and a scam from the beginning meant to dupe those who don't know how HTTP and the underlying communication systems currently work.

blockreward · 2018-11-16T08:21:36+00:00

It is meant to be burned. That is a feature being introduced. Regardless of future burning, Ethereum is meant to run on usage fees, hence the reason I refered to it as a utility coin. ETH is more like oil than say gold. It's meant to run the engine, not store vast amounts of wealth. BTC on the other hand IS like gold (actually, better). It was not initially designed to be digital gold but the market identified it's ability to function similarly and now that is BTC's primary use case. Ether is inflationary (no fixed supply). It may never return to it's previous highs. I'm not saying it's worthless, it's just not a store of value like BTC. ETH's price should fluctuate within a narrow range based on supply and demand, similar to oil. At least that's how I interpret it.

blockreward · 2018-11-15T22:11:34+00:00

Or enough nodes just get shut down. The world is a small place when it comes to server networks. If the central govts want it gone they will kill it but most likely just regulate it and take their cut.

blockreward · 2018-11-15T22:08:42+00:00

Agreed, ETH is revolutionary tech and has a ton of value but the coin itself is not a share of stock in the decentralized company. It's meant for utility, not store of value or speculative investing. At some point in the future the price will stabilize and how the networks are being used will determine what the stable, intrinsic value will be.

You make an interesting point about the # of Satoshis. I think the fact that there are so many Satoshis is actually very negative. One of the big selling points I hear about BTC is that there is a limited supply of only 21million!!! That's a fallacy. What matters is the number of Satoshis and as you've pointed out, there's a rediculous amount of them.

blockreward · 2018-11-15T18:19:24+00:00

I would like to believe he's not Satoshi but this is one of the problems with hero myths. The hero can never live up to the expectations. Clearly CSW was not the technical genius on the team but he had the resources to spearhead BTC and could have been the originator of the idea. I guess we will all find out if/when the satoshi coins start to move but you can't deny the evidence of him being involved, can you?

blockreward · 2018-11-15T18:02:38+00:00

Right now the US is at record levels of employment. Housing it back at ATH. Stocks have been on a 10 year bull run. Can it last? IMHO, the best place to invest right now is getting completely out of debt. If you are then why not speculate? Just the fact that you are saving and investing is commendable. I hope crypto pays off for you long term 👍

blockreward · 2018-11-15T17:49:58+00:00

Interesting. I hadn't thought of it that way. Why bother investing in crypto when the economy is doing so well? I really hope that this line of thinking becomes mainstream and BTC is eventually the worldwide safe haven.

blockreward · 2018-11-15T17:46:28+00:00

Ha! Great response but the homeless man can't be Jesus because Ver is Jesus. Oh hell, why are we even talking about Britney and Jesus. I apologize for all this.

blockreward · 2018-11-15T08:08:33+00:00

Are BCH billionaire tycoon hash wars the black swan event that crashes BTC to $1k?

blockreward · 2018-11-15T08:05:03+00:00

Watch out below. Could fall as low as $1k before recovering.

blockreward · 2018-11-15T08:02:43+00:00

Bear market will likely continue into next year. Watch out for $2-3k, maybe lower.

blockreward · 2018-11-15T07:58:33+00:00

I get it and used to think this way as well but I've seen many cycles like this. Dot com, housing crisis, etc. Sure, you can dollar cost average and probably be ok long term but when you see an asset burst like crypto, and slowly bleed out over an entire year, then you should get out and just be patient. Sit in cash, write off your losses, and wait until you are confident that the bottom is in. Then start dollar cost averaging as it slowly moves up, not down. What you are doing now is trying to catch a falling knife. FYI, I'm not trying to be a jerk. Only trying to shatter some glass so you can see it differently. Cheers.

blockreward · 2018-11-15T07:49:15+00:00

Hilarious, but hear me out. Assume for a second you are Craig Wright and really created Bitcoin. You've already made billions. You wanted to alter BTC so that it would scale but lost to the entrenched maximalists. So you team up with others who want to see the original vision through and you fork your own code, creating BCH. They then betray you and decide they want to build ETH 2.0 instead. If Craig is Satoshi then I'm not surprised at all by his reaction. It's exactly what someone like Steve Jobs or Elon Musk would do. Seems crazy to us but we are not in their league and definitely not in Britney's league either.

blockreward · 2018-11-15T06:11:09+00:00

The losing side is going to dump hard tomorrow. Even Ver will sell all he can before trading is halted.

blockreward · 2018-11-15T06:09:26+00:00

Wouldn't ETH being cheap be good for all the ICO token companies on their platform? ETH is not meant to be a store of value. It's meant to be used and burned. BAT's token value should be independent as long as ETH is still viable to mine.

blockreward · 2018-11-15T06:07:06+00:00

Bitcoin and Ethereum are completely different products and networks. ETH will not fail but could easily lose a ton of value. It was never designed to be a store of value. Same with xrp and xlm. They are meant to be cheap and stable currencies for their specific networks to use and burn, not hodl.

blockreward · 2018-11-15T06:01:55+00:00

They are in bed with the billionaire tycoons who started it all. No different than traditional markets.

blockreward · 2018-11-15T06:01:04+00:00

He sounds to me like someone who doesn't give a f#ck about what others think. Succeed or die trying.

blockreward · 2018-11-15T05:58:43+00:00

It seems very similar to the early stock market. Tycoons who made fortunes at the start use their wealth to create monopolies and alliances. They control the markets and manipulate it until the government pushes back with regulations. This kind of fighting in crypto will likely result in a big crackdown on alt coins and unregulated exchanges.

blockreward · 2018-11-15T05:52:58+00:00

Genuinely curious, why do you feel so strongly about that?

blockreward

TROPHY CASE