The ONLY Metric That Matters When Investing in Cryptocurrencies
In this clip from my recent interview with Cedric Dahl in Barcelona, we'll be hearing why Cedric believes that adoption is the single most important metric to study when deciding which cryptocurrencies to invest in.
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DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
So true man. Really need a wider network that’s using crypto in order to bring it further to the forefront
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While I agree fully on the importance of adoption, I have the following to say:
What he just said was Tron is toast because it's a DPoS chain and because the authorities can easily identify the block producers of a DPoS chain and shut the whole network down. Would that apply to Steem as Steem, too, is a DPoS chain?
Steem witnesses could operate from friendly jurisdictions. If a one or several top 20 Steem witnesses were to receive a seize and desist letter and become defunct, new ones could easily take their place. With MIRA, running a Steem node is quite inexpensive.
Besides, couldn't miners in a PoW network be easily shut down, too? Bitcoin is mined by huge industrial scale miners. The authorities in the countries where they are know precisely who and where they are and are fully capable of putting a stop to their operations whenever they want.
Is this guy yet another Bitcoin maximalist or what?
I totally appriciate ypu opinion. Crypto future is bright. Many peoples daily investing in cryptocurrency. Bitcoin price going very well. Hopefully art coins going are also well. Thanks for sharing this great interview.
Will look into your 1000x project 😬
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I don’t think I agree with his views on DPOS protocols as it hampers the potential of any decentralized initiative but the fact that adoption is so important cannot be avoided as it continues to be the driver of value creation in most blockchain projects.
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Yea you are right about this adoption you just said