@ng-seng-he The XRP Ledger uses an energy efficient consensus protocol that requires an 80% majority to veto / force anything through the protocol.
No mining, no energy waste, high level attack resistance and no monetary incentives to cloud reasons for participation.
Heard they're easier to master as long as you've got the basics. Easy small money, and sounds educational. will try it soon. Dont recognise the coins they're offering other than DAI thou, look forward to have other coins too :D
@jonhan said in [Poll] Who are our cryptocurrency investors/traders here?:
majority of the investors don't understand tech. and don';t really understand how crypto is different from plain fiat / digital currency.
Or have no faith in adoption.
On the other side of the coin, there are people who have a really strong grasp of the tech and are majorly interested in it because of the tech, and not the money. I am a part of some really great communities here who are experts in the technology behind crypto & blockchain. honestly i don't understand like 50% of what they discuss
This means they have no real world use and no chance of success? No monetary value except for speculation?
Or just focus on the tech... It’s tech that’s used to solve some problems but not to replace money. Blockchain helps in the backend of transactions.
2 years ago I did, but not recently. During the BOOM times. Now is doom time, so...
Anyways I think I participated in about 5 ICOs. All made profit except 1(still holding). The most profit was a scamcoin(we knew going in it was scam coin), made approx 25x. Others 5x-8x.
Now more into margin trading just to pass time while waiting for some coins to moon(seems like forever). Even that also I dont have much time, as I dont really sit in front of PC nowadays to research.
@geezfund I have some minor stakes in major coins, and indirect exposure through business loans to crypto-farms. I HODL coins more for FOMO than anything else. I think crypto and blockchain has come to stay, but mom-and-pop investors will not make too much money out of it, only big companies and institutional investors.
@kaeley-wn Quite honestly, it would depend on what type tax regulations that is put in place.
If they put heavy capital gain taxes for both trading and long term holdings, I think that would deter me from investing.
If the government provides incentives and tax deduction, with no capital gain tax for long term holdings. I think it would be a whole new asset class altogether for many people.