glowleaf on Nostr: Should you invest in that altcoin? I'm a bitcoin maxi, but let's forget about that ...
Should you invest in that altcoin?
I'm a bitcoin maxi, but let's forget about that for a moment.
From a computer science point of view, let's say you invest in an altcoin because of its speed, anonymity, programmability or whatever.
Fine.
Ask yourself this:
Are people running nodes for that blockchain? Are they running miners, if applicable, or validators? Do you personally know people running one? Can you yourself run one without a serious investment of time and capital?
Because I can.
I'm running a bitcoin node and a miner. If everything crashes, I will single handedly maintain the entire bitcoin protocol.
Can your altcoin survive a total system crash or are you just dependent on someone else?
I'm a bitcoin maxi, but let's forget about that for a moment.
From a computer science point of view, let's say you invest in an altcoin because of its speed, anonymity, programmability or whatever.
Fine.
Ask yourself this:
Are people running nodes for that blockchain? Are they running miners, if applicable, or validators? Do you personally know people running one? Can you yourself run one without a serious investment of time and capital?
Because I can.
I'm running a bitcoin node and a miner. If everything crashes, I will single handedly maintain the entire bitcoin protocol.
Can your altcoin survive a total system crash or are you just dependent on someone else?