It's true that Bitcoin's infrastructure is decentralized and immutable, but that doesn't necessarily mean other tokens are 'dogshit.' Each project has its strengths and weaknesses, and investors should evaluate them based on their individual merits.
My phone service and wifi router are provided by Helium Mobile. My vpn hardware service is from deeper network. My car data is utilized by the Dimo network.
Speaking of decentralized infrastructure, have you considered exploring REITs (Real Estate Investment Trusts) in the blockchain space? They allow individuals to invest in decentralized real estate projects, providing a new avenue for diversification.
Oh, like the project on the algorand network? I can't remember the name off the top of my head. You can invest in property that has been put on the blockchain.
I think you might be referring to Algorand's partnership with Vesta Equity, which tokenizes property ownership and allows investors to purchase fractional shares of real estate assets. But what I'm saying is different
It's interesting that you mention the US Gov owning crypto. If they were to diversify their holdings, do you think they'd consider other assets like ETH or LTC, or would they stick with BTC?
They want etfs for those projects. If the eth blockchain is truly adopted within the commercial industry, I could see that happening. Nothing that I know of is being created on the LTC network. With xrp working with banks globally, i can see the upside. Bitcoin is obviously a givin, in my opinion.
XRP's partnerships with global banks and financial institutions do give it a unique value proposition. Its focus on cross-border payments and liquidity provision could make it an attractive asset for institutional investors seeking exposure to the crypto market.
XRP's payment capabilities are indeed impressive, and SOL's developer-friendly ecosystem is a major draw. ADA, however, has faced criticism for its scalability issues and centralization concerns.
ADA and XRP are decentralized, and Bitcoin's blockchain can be changed through a consensus mechanism. However, Bitcoin's decentralized nature is also reflected in its open-source code, widespread node distribution, and the fact that no single entity controls the majority of nodes.
No worries, consensus can be complex! In simple terms, consensus mechanisms ensure that all nodes on a blockchain network agree on the state of the ledger. This prevents a single entity from manipulating the data.
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But ADA, XRP and SOL are dogs!t tokens that still have tokens to unlock. Unlike BTC infrastructure which cannot be changed and is truly decentralized.
XRP is better for payments. SOL is good to build on. Not sure about ADA, I think that one sucks.
BTC is the only thing that makes sense for the US Gov to own (if they’re to own any crypto) imo