Hi Max,
I wanted to hear your take on Jim Rickards COINN formula. He claims that 99% of crypto fail to pass his strict criteria and are obviuosly ''scams''.
''C * Consensus – The user base lends credibility, like the way Google ranks search results
O * Open Source – Cannot be controlled by the government
I * Impenetrable – Cannot be hijacked with tricks like “51% attacks,” “gatekeeper attacks,” and “Sybil attacks”
N * No-Nonsense Governance — Must be efficient and not get bogged down by “work”
N * Nimble — Fast, easy, cheap payments processing
Tomorrow I’ll show you how bitcoin failed the COINN test.''
What do you think of his COINN criteria?
p.s. tonight Jim unveils his crypto recommendation. Drum roll!