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?
glowleaf / George Saoulidis
npub1xnq…0gr0
2023-09-28 03:07:32
Author Public Key
npub1xnq22v5rhtx4edkyt7ds27l2qh0mya3n8h83f6d3va5qkhfk8rjqve0gr0Published at
2023-09-28 03:07:32Event JSON
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"content": "Should you invest in that altcoin? \n\nI'm a bitcoin maxi, but let's forget about that for a moment. \n\nFrom a computer science point of view, let's say you invest in an altcoin because of its speed, anonymity, programmability or whatever.\n\nFine.\n\nAsk yourself this:\n\nAre 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?\n\nBecause I can. \nI'm running a bitcoin node and a miner. If everything crashes, I will single handedly maintain the entire bitcoin protocol.\n\nCan your altcoin survive a total system crash or are you just dependent on someone else?",
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