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RE: Bitcoin: Its Successors & Cryptos linked to it - When BTC is no longer the only dominant cryptocurrency

in LeoFinance4 years ago (edited)

I'll be honest here: I have more trust in cryptocurrencies that have an obvious and clear real-world application (e.g. Hive, Ethereum, VET, XRP) than those that are touted as a "store of value".

If Bitcoin balloons to heights that are too stratospheric, then a government-backed 51% attack becomes very attractive, and it could mess everything up. China is well positioned to do this at the moment.

It's a risk that you simply do not run with gold, so I do think gold and perhaps CO2 credits will win the store-of-value argument in the long run (which is unfortunate for some of course).

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I grow firewood and other wood products. This is a real 'CO2 credit'.

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