/biz/ - Business & Finance

>>8711365
https://medium.com/cryptomedication/cardano-is-garbage-191271fb0ff4

tl;dr: This coin is the reason "ETH copy" exists as a derogatory label. However, unlike in the cases o EOS and NEO, where the two projects have many key differences, ADA's differences from ETH are extremely minor and not worth mentioning, aside from the ever beloved "MUH PEER REVIEWS."

It's important to note that the peer review process already happens organically by nature of cryptocurrencies being decentralized and open source. Just as Cardano's devs imply BTC's resistance to being cracked shows its resilience, so does ETH's resistance. The only reason this exists is because Vitty's even more autistic partner REEEEEEEE'd so hard that he made his own ETH that's functionally identical, except nobody wants to use it since ETH is the exact same thing and is already adopted.

EOS is unironically a better investment, and I think that's vaporware.

>Sell me this ADA

You can't.

>pick the altcoin you're invested most in
>tell me why it's a good investment

I'll start:

>XMR
>It fits all four criteria that no other coin does: 1) fully private, 2) supported by numerous exchanges and fiat pairings, 3) sufficiently secure and decentralized, and 4) strong development and social community. Whereas other privacy coins feature caveats in supply/mining structure and even privacy features themselves, XMR makes no compromises.

This isn't a shill thread. It's an exercise in seeing if you aren't a moron that just does whatever /biz/ tells you to.

Go.

Came across this $20k somehow. Not a poorfag, but all of my worth is stored in illiquid assets. So this $20k and a few extra grand is all I have in terms of liquid savings.

Here's what I'm thinking:

>$5k BTC
>$3k ETH
>$3k NEO
>$3k LINK
>$3k EOS
>$1k JNT
>$1k AMB
>$1k ENG

What would rate that folio? And please, do tell me how much of a retard I am for holding LINK but not OMG, VEN, REQ, ICX, etc.

I will invest it based on what you tell me. Here are the rules:

Each ID gets to pick one coin. For every mention of a coin, I buy $5,000 worth of that coin. So if LINK gets mentioned 20 times, I buy $100,000 of LINK.

If dubs, I go half in on the coin you mention. If trips, I go ALL-IN on the coin you mention. If quads, I pull out a loan and go all-in on your coin with leverage. Let's have fun, and let's try to make money. Honest to god, if I make a huge return on this, I may show my thanks to /biz/ down the line. Let's go.

If you're mainly invested in any shitcoins/tokens pre-2018 that aren't named LINK, you're not going to make it. The bubble for pre-2018 tokens popped. If big money comes back to flood the market, it will be for brand new coins, not used goods.

Go to icobench and look for your next moon trips there. You will never make it by dwelling on the past. And you will never see 100x gains by looking at Top 100 "market cap" coins.

BAT? It will die.
PRL? It will die.
LINK? Unless Vitalik fails to solve the oracle problem himself within ETH natively, it will die.
POE? It will die.
CVC? It will die.
MAN? It will die.
VEN? It will die.

Because none of these tokens need to exist (aside from LINK if Vitalik is lazy). The companies behind them are doing interesting things with blockchain technology, but the coins/tokens themselves are needless. People invest in BAT and CVC because the ideas of Ads and ID verification combined with blockchain are really smart. What those pumpers fail to realize is that coins/tokens ARE NOT FUCKING STOCK.

REPEAT:

COINS ARE NOT FUCKING STOCK.

When you buy stock in Apple, for example, they have incurred a cost. A cost of capital. When a company raises equity (stock), they forfeit future profits. When a company raises debt, they incur interest expense. When a company hosts an ICO, they receive literal free money. The only reason coins like CVC and POE and BAT exist is because the devs want FREE MONEY, and so they've shoehorned a bullshit explanation about "incentives" into their whitepapers to encourage dumbass investors.

(cont.)