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RE: The next attack on Bitcoin: Energy consumption of Bitcoin and Proof of Work Coins

in #bitcoin7 years ago

It is a flashy buy in because there is a promised return... the coin needs to stay valuable for it to be worth anything though. My best bet is to find the blockchains that you are excited about and that you think will change the world for the better and put your support behind them. Invest in them. Write about them... because when you are writing about them, you are writing about something you believe in, and if you invested in it and are writing about it, you are not just advertising some crap to make money, you are writing about and are invested in something you believe will make the world a better place.

Mining is just a bet that you can spend money on hardware and end up making more back. It is a long term investment and many of them are for sure HODLers.

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I absolutely agree. Mining is more of a gamble. I decided to invest in steemit as I believe that here I have at least some sort of control over my own future.

Thx for amazing comment

Steem is where most of my crypto holdings are... but I really like EOS. I think it will be paradigm shifting.

No problem. Thanks for reading! I gotta find time to write some more here. Maybe this weekend I can get another post in.

Im not very familiar with EOS. I know that it is a blockchain platform. Something competitive to ETH, NEO or AKA. And I've heard that it can have a great future and some people compare it even to seem but not really sure why.

i really wish we could keep in touch via email

ps.
do you mind telling me what is your view on auto-voting? Just curious

EOS is designed by the same developer who developed steem. It is steem 2.0 (and Bitshares 3.0)

Auto voting is a can of worms. People have all sorts of different ethical stances on it. When to, when to not... never ever or always and no problem. I feel this is a super free platform and you are free to do what you will. You do have to face the consequences of your actions as there are many that base their interactions with you on how you behave. If you like a writer and feel that they put something good out consistent, I see an auto vote as good. I have sold my vote in the past and had my vote found on some really trashy vote farming pages. That upset me. (I did get paid decently for selling the upvote though)... I pulled away from that after I found out how bad things can be abused. I like steem and want to see it flourish, so these days I try to keep that as my guiding principle. I emailed you yesterday.

Thank you for your kind reply.

Im very interested with that topic.

I hope you dont mind if I ask you few more questions. Via email already :)