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Old 05-12-2022, 06:13 AM  
jscott
So Fucking Banned
 
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Join Date: Feb 2001
Location: Taipei
Posts: 25,198
Quote:
Originally Posted by Klen View Post
Yes beside bitcoin and other major cryptos everything else is shit coin no matter how hard someone would deny.
But the thing is, long time ago, i actually managed to make some money on currency which was doomed to fall - e-gold.
At that time , there was many exchanges which would do exchanges automatically, so while i know how it's only matter of hour till e-gold become extinct,
some auto exchange services were still accepting it, even tho for pretty high commission, like 20%, some other auto exchange were selling it for 30% so it was like guaranteed profit due 10% difference.
Same principle can be applied to crypto as most of exchanges are fully automated.
Right, and you know what the difference of e-gold and Bitcoin?
e-gold fully centralized
Bitcoin fully decentralized

I've been trying to embed this into peoples brains for years, ONLY Bitcoin is decentralized, which means its the ONLY cryptocurrency that will always exist. Anything centralized is at risk of being shut down, misguided, rug pulled, manipulated, destroyed.

Value decentralization & Proof of Work
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