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Photo: Getty royalty free images
On July 23 I wrote an article on the decentralization of the cryptocurrency called Dogecoin for Decentralization . the price of dogecoin has risen to the skies.
The key point of the article was that I trust decentralized cryptocurrencies, without permission and based on consensus firmly rooted in the dream whitepaper bitcoin of an unstoppable digital global currency. in centralized coins and tokens, with their non-tiny blockchains owned and controlled by who knows who.
Dogecoin is firmly decentralized
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
There is tension between centralism and decentralization and it is a political dynamic as old as civilization. The decentralized dream partly concerns society moving to the next level, where the layers of value that drain the average men we suffer now are gone. These middle men tell us what to do, tell us what to think and make us pay for the privilege as they control the juiciest intersections of our economies. As the internet has broken the strangeness of information, the blockchain will break many economic bottleneck points.
The ability of the blockchain to do it is real.
For this reason blockchain and crypto are not loved by the monoliths of our economy, because a blockchain and its cryptocurrency could vaporize the entire business model in the same way Amazon has devastated retail sales.
The calculation is simple, if blockchain is more thermodynamically efficient than the old school "bricks and mortar" alternative to the search for annuities the blockchain technology will surpass. Otherwise, the incumbents have nothing to fear. But they fear that they do it. The market will go to the most efficient system and that is why so many trincerate financial services companies would love blockchain and cryptocurrency to be put back in its box and buried deep.
But it can not be boxed and buried, in
I'm happy to write all this stuff from "thought leader" but it does not matter a hill of beans unless you can make money from it.
This brings me back to my July article Dogecoin for Decentralization .
Dogecoin is a playful coin created with Reddit as a fun nerd, but as a terrible practical joke it has turned into a monster, a precious monster. You can laugh at everything you like in such an absurd situation, but once the Satoshi Nakamoto project is replicated and a loose coin, like an invasive species, can not know limits and is bound to no one except the hive mind of the economy.
Dogecoin is a pure decentralized crypt, it is out there and nobody controls it. It is valid as a blockchain currency like bitcoin, monero or dash and is waterproof and almost indestructible as a digital entity.
When I wrote the article the price was 44 satoshi; has reached a maximum of 96 and is now at 77 satoshi. Meanwhile, cryptocurrency prices have declined as flies. In terms of cents, the dogecoin rose from 0.34 c at most a few days before 0.68 c and is now trading at 0.5 cents. Let's say it's a 50% profit, of which I'm happy because I have so many.
The price of dogecoin has increased Credit: ADVFN
However, the point is different. The reason why dogecoin could increase like this is that it is pure cryptography, supported by a community with talented developers and not spider in the middle of the web, by dimensioning your fiat to pay for their dreams of super yacht.
There are simply not many cryptographic coins as well, with a brand and a scale that exist. Together they do not amount to many billions of value, especially if you exclude bitcoins.
This defines the situation for cryptocurrencies as still extremely early. When a gadget producer can be worth a trillion dollars and even Amazon is worth a wealth that only a few years ago represented a global economy that recovered sums of money, the scale of the cryptographic sphere is still small. This small sphere will expand into the emptiness of need as it has already happened, but the scale of need is tremendous.
If you believe in crypto, now is a good time to acquire small amounts of decentralized cryptocurrency because if the dream becomes real the values will return logarithmically and only the mad and greedy need to invest a lot to get a huge salary in a few years.
What has happened to the dogecoin in recent days shows perfectly the potential of pure gambling cryptocurrencies in the upper level. Just do not be greedy, invest your chump and let nature take its course.
Top 10:
Top Ten decentralized cryptocurrencies Credit: ADVFN
Stay informed of the crowds with Forbes Crypto Confidential, a free weekly e-mail sent to your mailbox mail. Sign up today.
Disclaimer: I own dogecoin and many other altcoins
—-
Clem Chambers is the CEO of & nbsp; private investor website & nbsp; ADVFN.com and author of Be Rich The game on Wall Street and Trading Cryptocurrencies: Beginner's Guide .
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Photo: Getty royalty free images
On July 23 I wrote an article about the decentralization of the cryptocurrency called Dogecoin for Decentralization A few days the price of dogecoin has risen to the stars.
The key point of the article was that I trust decentralized cryptocurrencies, without permission and based on consensus firmly rooted in the bitcoin whitepaper dream of an unstoppable digital global currency – trust coins and centralized tokens, with their non-tiny blockchain owned and controlled from who knows who.
Dogecoin is definitely decentralized
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
There is tension between centralism and decentralization and it is a political dynamic as old as civilization. The decentralized dream concerns in part the society that move on to the next level, where the layers of the value that drains the average men we suffer now are gone.These average men tell us what to do, tell us that to think and charge ourselves the privilege because they maintain the juiciest intersections of our economies. As the internet has broken the strangeness of information, the blockchain will break many economic bottleneck points.
The ability of the blockchain to do it is real.
For this reason blockchain and crypto are not loved by the monoliths of our economy, because a blockchain and its cryptocurrency could vaporize the entire business model in the same way Amazon has devastated retail sales.
The calculation is simple, if blockchain is more thermodynamically efficient than the old school "bricks and mortar" alternative to the search for annuities the blockchain technology will surpass. Otherwise, the incumbents have nothing to fear. But they fear that they do it. The market will go to the most efficient system and that is why so many trincerate financial services companies would love blockchain and cryptocurrency to be put back in its box and buried deep.
But it can not be boxed and buried, in
I'm happy to write all this stuff from "thought leader" but it does not matter a hill of beans unless you can make money from it.
This brings me back to my July article, Dogecoin for Decentralization.
Dogecoin is a joker coin created with Reddit as a bit of a nerd, but as a terrible practical joke he turned into a monster, a precious monster. You can laugh at everything you like in such an absurd situation, but once the Satoshi Nakamoto project is replicated and a loose coin, like an invasive species, can not know limits and is bound to no one except the hive mind of the economy.
Dogecoin is a pure decentralized crypt, it is out there and nobody controls it. It is valid as a blockchain currency like bitcoin, monero or dash and is waterproof and almost indestructible as a digital entity.
When I wrote the article the price was 44 satoshi; has reached a maximum of 96 and is now at 77 satoshi. Meanwhile, cryptocurrency prices have declined as flies. In terms of cents, the dogecoin rose from 0.34 c at most a few days before 0.68 c and is now trading at 0.5 cents. Let's say it's a 50% profit, of which I'm happy because I have so many
The price of dogeco has increased Credit: ADVFN
However, the point is different. The reason why dogecoin could increase like this is that it is pure cryptography, supported by a community with talented developers and not spider in the middle of the web, by dimensioning your fiat to pay for their dreams of super yacht.
There are simply not many cryptographic coins as well, with a brand and a scale that exist. Together they do not amount to many billions of value, especially if you exclude bitcoins.
This defines the situation for cryptocurrencies as still extremely early. When a gadget producer can be worth a trillion dollars and even Amazon is worth a wealth that only a few years ago represented a global economy that recovered sums of money, the scale of the cryptographic sphere is still small. This small sphere will expand into the emptiness of need as it has already happened, but the scale of need is tremendous.
If you believe in crypto, now is a good time to acquire small amounts of decentralized cryptocurrency because if the dream becomes real the values will return logarithmically and only the mad and greedy need to invest a lot to get a huge salary in a few years.
What has happened to the dogecoin in recent days shows perfectly the potential of pure gambling cryptocurrencies in the upper level. Just do not be greedy, invest your chump and let nature take its course.
Top 10:
Top Ten decentralized cryptocurrencies Credit: ADVFN
Stay informed and in advance on the crowd with Forbes Crypto Confidential, a free weekly e-mail sent to your inbox. Sign up today.
Disclaimer: I own dogecoin and many other altcoins
—-
Clem Chambers is the CEO of the website of private investors [19659063] ADVFN.com and author of Be Rich The Game in Wall Street and Trading Cryptocurrencies: A Beginner & # 39; s Guide.
