Vechain with Nano being my second choice, without a doubt
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Free registration at the forum removes this block.Luca from DNV GL said "these are not pilot projects either, we are talking about projects that are running and live".
Not sure I follow. How does one person having a ton of wealth mean that said person is controlling the flow of capital?
CEO of DNV-GL said specifically they didn't have any exclusive deal with Vechain, but want to test the waters with such companies. He also pointed out they could just as well go with any other company. Feel free to translate DNV-direktøren samarbeider gjerne med kryptoselskap, men kjøper ikke valutaen deres
DNV-GL also already has their own internal blockchain they use. Which makes me thing maybe they just partner with other companies to help them them do the grunt work? Who knows. I bet Luca owns lots of VEN and will try to push that agenda himself. DNV is a huge company and I know they've had a bit of internal cultural struggles after the merging (I wrote my bachelor thesis on them last year)
In addition to Vechain lying about ETH founder being advisor (was on their website three months ago), and being sketchy with Oxford and BMW announcements made me finally skeptical of them in the end. I still managed to x3 my investment after BTC peaked so I'm happy. It's supposed to be a blockchain that brings transparency and trust into supply chains, but aren't doing that themselves in my opinion
Despite Bitcoin being my pick; the fact that "Satoshi Nakamoto" still owns 1 million of the coins (as @GoGetter24 mentioned above) is still a major concern of mine.
If bitcoin is to become this world-wide currency used by the masses, how do you feel about the fact that 1 person (or group of persons) owns about 1/17th of the total supply? (Or over 1/20th when they're all mined).
I know It doesn't sit too well with me.
I mean, Isn't bitcoin meant to get away from 1 person and/or group of people being in control of the monetary supply? How does that work when 1 million of 17 million coins is under the control of one entity?
One person/group owning 5% of the total supply doesn't bother you? (Plus 5% of some of the forks too).
How is that different to today's world among mixed fiats? 1% of the population owns and controls 90%+ of the capital.
What if it isn't Hal Finney who created Bitcoin like @Coalission mentioned above, but some crazy a**hole? Would you want one person or a group (likely a small group too) of people in control of 5% of the total supply if they were "evil"? I know I wouldn't.
Can you explicitly state what power that would give them? How could they exploit that power?
Matt Green, a cryptocurrency professor at Johns Hopkins University, says Nakamoto has the power to tank the currency if he wants to.
What was your bias?
Here's an article on the more positive side of the argument you might like to read: How Dangerous is Satoshi Nakamoto?
I'd like to be in that more positive camp too, but what if?
EDIT: also this:
https://cointelegraph.com/news/what-if-satoshi-nakamoto-sold-all-his-bitcoin-today
Now, implicitly, there is the potential for control, simple because 5% is a very large percentage of the total transactions expected in any given day/week. So price manipulation is a concern. Also, potential collusion with others who hold big percentages of the currency.
Sounds like fear mongering, to be honest. I don't see any of those scenarios playing out, really. Even if they do, there's so much value intrinsic to Bitcoin that the market would correct, imho.
FUD? Yeah, I hate it too. But it's there for everyone to see and debate on, and I don't think dismissing it is a great idea. I said I'd pick Bitcoin over the rest, but the 1m Satoshi wallet lingers in the back of my mind.
It also fuels the whole "Ponzi" scheme debate that detracts from the tech that bitcoin has given birth too.
I might be the only one in this entire thread who feels this way, but does anyone else feel like "investing" in crypto is NOT a good investment / does NOT make sense? (cents? hehe.)
I just don't see currency as a legitimate investment. I've always been very anti-crypto (but also not incredibly well-versed)... I just fundamentally don't see it as a good potential investment.
It's beside the point of the thread though. Arguing about the legitimacy of the whole class has been done in detail in other threads.I might be the only one in this entire thread who feels this way, but does anyone else feel like "investing" in crypto is NOT a good investment / does NOT make sense? (cents? hehe.)
I just don't see currency as a legitimate investment. I've always been very anti-crypto (but also not incredibly well-versed)... I just fundamentally don't see it as a good potential investment.
I just don't see currency as a legitimate investment.
It's beside the point of the thread though. Arguing about the legitimacy of the whole class has been done in detail in other threads.
I think this is a common standpoint by those who don’t be understand crypto,
Beforehand I researched exactly how it works (down to how markel trees actually function), I thought it was risky gambling nonsense too.
Now I believe bitcoin will rule the world in 10 years. With that belief, I’d be stupid to not invest. With that belief, I’d rather be wrong and lose my investment than be right and kicking myself in 10 years.
MJ made it clear the purpose of this thread is to answer the specific question put in the OP.I disagree. IMHO, it's always worthwhile to step back and ask the big picture questions, especially in a thread like this where people may take action as a result of the discussion.
Your link is very useful to someone interested in evaluating their options.MJ made it clear the purpose of this thread is to answer the specific question put in the OP.
If someone wants to debate / hear the other side of the story, no doubt there are other appropriate threads, and they're welcome to read my screeds in GOLD! - Web 3.0 (Ethereum) is happening, and most people have no idea what it even is.
I was thinking more use case + optimal roak reward. But with this framing of kust existing in 5 years I would be more conservative and change my response to either BTC or ETH, leaning more towards BTC.Gone, like eToys gone.
Time frame, lets say 5 years.
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