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Strategies & Market Trends : Blockchain and Cryptocurrencies -- Ignore unavailable to you. Want to Upgrade?

To: Lhn5 who wrote (1009)	10/9/2018 10:45:57 PM
From: Graystone	Respond to of 7659

The whitepaper works or Mining blocks I took a quick look and see nothing to distinguish it at this point. Everyone has an idea and the ideas presented are solid and may well be profitable if they can get a product off the ground. There are projects that are closer to real. Take a look at the CAPP whitepaper, they are looking to corner 3D images used in marketing, there really are many great whitepapers out there. Boilerplate stuff is not easy to see unless you read a lot of the whitepapers. It is very difficult to find a good dev team that is honest and proven. A Monero developer found a glitch in the Monero code that would have allowed the injection of unmined XMR coins (lots of them). That developer showed the dev team, they created a mandatory fork and then after the successful fork they related the seriousness of the bug. They were also able to confirm it had not been exploited. The point is, they could have exploited it. Crypto is slippery, I suspect many Monero mining pool owners were using cryptonight ASICs for a few months before they were announced. POW crypto requires miners and miners don't stick around for price crashes. I am talking about ETN now at 380sats but I was mining and selling ETN for 1000sats earlier this year. At the time it was absolutely worthless and was considered a total ripoff of the Monero blockchain, but I could mine it and sell it. As soon as it started to slip I switched to another newer coin (ITN I think, or maybe XLC, it was another cryptonight coin) and stopped mining ETN. Now it has produced a product (several) and the team has created a new path that they intend to follow. ETN has delivered and perhaps it will fly, or it could just crash and burn.