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<blockquote data-quote="JayJuanGee" data-source="post: 458270" data-attributes="member: 5330"><p>Well, at least you have some ideas regarding the uses of Steemit, and likely that allows you to recognize when it may become a better buy value. Part of the problem with a lot of these various alts is that they may have a lot of decent technical aspects, but they may be weak on the monetary aspect or the security or the fact that they are kind of coming off as a kind of centralize ponzi scheme.</p><p></p><p></p><p></p><p></p><p>Sometimes it can take a while to build your various investment portfolio because, yeah, we gotta eat too, no? Since I am in my late 40s, I had quite a few years of various traditional investments. I started buying bitcoin in late 2013 in order to diversify a bit out of some of my traditional fiat connected investments. I bought a few alts in the beginning, just to experiment and to attempt to learn a bit, even though I considered bitcoin to be the most stable, promising and innovative of the cryptos. Part of bitcoin's appeal is the considerable networking effect and computing power securing it, so I appreciate some of the alts that will attempt to build upon bitcoin. </p><p></p><p>I have not really been too much into studying alts, even though I bought a few alt coins in late 2013. For me, they are good to monitor some of the innovations, but aI get a bit confused sometimes concerning the extent to which there is any monetary value or really meaningful innovations. </p><p></p><p></p><p></p><p></p><p>I am not exactly a technical person either, but my understanding is that there are a few innovations in bitcoin that would potentially allow additional building upon bitcoin and the incorporation of various side chains... in that regard, I am referring to segregated witness and rootstock. Accordingly, the network of bitcoin would continue to operate as the security layer, and off chain transactions would later be rectified with the bitcoin blockchain.. but the various systems, such as alt coins would work on a side-chain level. I am not sure exactly how these kinds of innovations would affect either the monetary value of bitcoin or the various other coins that may be built with such linkings - likely it would vary from case to case and partially based on the utility of whatever service is being conducted by such alt coins.</p><p></p><p>Earlier, when I mentioned parity, I have the inclination that ETC has a decent potential to reach parity with ETH - even though it could take a year or longer to get to that point. </p><p></p><p>Regarding market cap parity, I have no real long term insights whether other coins will catch up to bitcoin or surpass bitcoin or not, and I don't really believe that it is necessary that other coins catch up to bitcoin in order for them to be successful, and I doubt that bitcoin has failed in any kind of meaningful way if other coins might surpass it's market cap. </p><p></p><p>I personally, believe that bitcoin has the best potential out of all of the cryptos to have and maintain a true and meaningful market cap that is higher than all of the other alt coins, but I also recognize that while bitcoin remains fairly small in its market cap (less than 10 billion), there could be some efforts by rich folks, institutions (such as finance institutions) or even governments to pump various other alt coins or alt blockchains in order to attempt to cause negative impressions regarding bitcoin, so I believe that we should not necessarily consider bitcoin's current or future success merely on the measurement of it's market cap or changes in its market cap relative to other coins. All of these measurements remain important as long as we consider them in their proper context, and with bitcoin the proper context remains its truly innovative power in terms of decentralized censorship resistance and immutability, which currently no other coin (whether fiat related or an alt coin) comes close to such levels of innovation.</p></blockquote><p></p>
[QUOTE="JayJuanGee, post: 458270, member: 5330"] Well, at least you have some ideas regarding the uses of Steemit, and likely that allows you to recognize when it may become a better buy value. Part of the problem with a lot of these various alts is that they may have a lot of decent technical aspects, but they may be weak on the monetary aspect or the security or the fact that they are kind of coming off as a kind of centralize ponzi scheme. Sometimes it can take a while to build your various investment portfolio because, yeah, we gotta eat too, no? Since I am in my late 40s, I had quite a few years of various traditional investments. I started buying bitcoin in late 2013 in order to diversify a bit out of some of my traditional fiat connected investments. I bought a few alts in the beginning, just to experiment and to attempt to learn a bit, even though I considered bitcoin to be the most stable, promising and innovative of the cryptos. Part of bitcoin's appeal is the considerable networking effect and computing power securing it, so I appreciate some of the alts that will attempt to build upon bitcoin. I have not really been too much into studying alts, even though I bought a few alt coins in late 2013. For me, they are good to monitor some of the innovations, but aI get a bit confused sometimes concerning the extent to which there is any monetary value or really meaningful innovations. I am not exactly a technical person either, but my understanding is that there are a few innovations in bitcoin that would potentially allow additional building upon bitcoin and the incorporation of various side chains... in that regard, I am referring to segregated witness and rootstock. Accordingly, the network of bitcoin would continue to operate as the security layer, and off chain transactions would later be rectified with the bitcoin blockchain.. but the various systems, such as alt coins would work on a side-chain level. I am not sure exactly how these kinds of innovations would affect either the monetary value of bitcoin or the various other coins that may be built with such linkings - likely it would vary from case to case and partially based on the utility of whatever service is being conducted by such alt coins. Earlier, when I mentioned parity, I have the inclination that ETC has a decent potential to reach parity with ETH - even though it could take a year or longer to get to that point. Regarding market cap parity, I have no real long term insights whether other coins will catch up to bitcoin or surpass bitcoin or not, and I don't really believe that it is necessary that other coins catch up to bitcoin in order for them to be successful, and I doubt that bitcoin has failed in any kind of meaningful way if other coins might surpass it's market cap. I personally, believe that bitcoin has the best potential out of all of the cryptos to have and maintain a true and meaningful market cap that is higher than all of the other alt coins, but I also recognize that while bitcoin remains fairly small in its market cap (less than 10 billion), there could be some efforts by rich folks, institutions (such as finance institutions) or even governments to pump various other alt coins or alt blockchains in order to attempt to cause negative impressions regarding bitcoin, so I believe that we should not necessarily consider bitcoin's current or future success merely on the measurement of it's market cap or changes in its market cap relative to other coins. All of these measurements remain important as long as we consider them in their proper context, and with bitcoin the proper context remains its truly innovative power in terms of decentralized censorship resistance and immutability, which currently no other coin (whether fiat related or an alt coin) comes close to such levels of innovation. [/QUOTE]
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