I think the statement is overall positive as it recognizes the legitimacy of bitcoin as an asset. Even though nothing truly backs the euro or the dollar either; trust is what has maintained their value as they have printed money and issued debt to maintain their economies. Ironically, bitcoin sidesteps the need for trust by decentralizing the network. Thus, the value is in the limits imposed by the network whereas no one group or person can control the supply of bitcoin and therefore cannot go against the willbof the users.
It is my opinion that Digibyte is one of the best crypto currencies and will make a lot of people wealthy as the adoption rate of Bitcoin grows. I'm not going to bore you with a technical analysis of the project, but rather provide my theory as to what the catalyst will be that makes the price of this coin rise in value.
The Digibyte team are geniuses from a technical standpoint. I'm sure if you are reading this you are already aware of the superior asset Digibyte is to other cryptos. The problem lies in marketing. With the adoption rate of the most popular crypto Bitcoin under 2% it is no surprise that very few people know of Digibyte and their nerdy crew. But no worries because Bitcoin is going to save the day.
As the masses become more familiar with Bitcoin and merchants attempt to implement it as a payment choice the faults of Bitcoin will become known on the big stage. I can see the morning news now talking of 10 minute wait times at Starbucks for a Bitcoin confirmation to clear. There will be a desperate search for a faster more secure payment method in the crypto space. And there with their big dicks swinging in the air will be Digibyte to the rescue. It is simply the natural progression of any new technology. Bitcoin is like Motorola and Nokia, but Digibyte will be Apple and Samsung.
There of course are many interesting cryptocurrencys out there, and each of them does one thing better than another. But this applies also in reverse. And to finally find a good cryptocurrency to use, you don't have to look for the good. You have to SEARCH for the bad! This way you can avoid any pitfalls as early as possible. And this applies not only to Digibyte, the currency you mentioned, but to all cryptocurrencys in general. So take your time, do your research and take your choice!
There are many people out there talking about "total loss", bot no one ever took a look at the definition of total loss. The only way to loose all your money is to destroy the blockchain the coin is stored in! So a total loss is impossible. The only possibility is a rise (or crash) of the value of the coin. So remember that if you don't loose your coins, there is still no total loss!
I think the statement is overall positive as it recognizes the legitimacy of bitcoin as an asset. Even though nothing truly backs the euro or the dollar either; trust is what has maintained their value as they have printed money and issued debt to maintain their economies. Ironically, bitcoin sidesteps the need for trust by decentralizing the network. Thus, the value is in the limits imposed by the network whereas no one group or person can control the supply of bitcoin and therefore cannot go against the willbof the users.
It is my opinion that Digibyte is one of the best crypto currencies and will make a lot of people wealthy as the adoption rate of Bitcoin grows. I'm not going to bore you with a technical analysis of the project, but rather provide my theory as to what the catalyst will be that makes the price of this coin rise in value.
The Digibyte team are geniuses from a technical standpoint. I'm sure if you are reading this you are already aware of the superior asset Digibyte is to other cryptos. The problem lies in marketing. With the adoption rate of the most popular crypto Bitcoin under 2% it is no surprise that very few people know of Digibyte and their nerdy crew. But no worries because Bitcoin is going to save the day.
As the masses become more familiar with Bitcoin and merchants attempt to implement it as a payment choice the faults of Bitcoin will become known on the big stage. I can see the morning news now talking of 10 minute wait times at Starbucks for a Bitcoin confirmation to clear. There will be a desperate search for a faster more secure payment method in the crypto space. And there with their big dicks swinging in the air will be Digibyte to the rescue. It is simply the natural progression of any new technology. Bitcoin is like Motorola and Nokia, but Digibyte will be Apple and Samsung.
There of course are many interesting cryptocurrencys out there, and each of them does one thing better than another. But this applies also in reverse. And to finally find a good cryptocurrency to use, you don't have to look for the good. You have to SEARCH for the bad! This way you can avoid any pitfalls as early as possible. And this applies not only to Digibyte, the currency you mentioned, but to all cryptocurrencys in general. So take your time, do your research and take your choice!
I hope bitcoin not being backed won't reduce the value to zero? These statements can cause panic.
There are many people out there talking about "total loss", bot no one ever took a look at the definition of total loss. The only way to loose all your money is to destroy the blockchain the coin is stored in! So a total loss is impossible. The only possibility is a rise (or crash) of the value of the coin. So remember that if you don't loose your coins, there is still no total loss!
Thanks dear discuss about the cyptocurrancy ..I always see your post.