▲ | Imustaskforhelp 2 days ago | |
So true. Generally speaking cryptocurrencies are a scam for the purpose of sending currencies because their prices fluctuate. They can't be an investment because they are a speculation. They can't be a speculation because even before doing the speculation like gambling , you would most likely be scammed. Its a scam. And this is me after I have created something on top of Nano cryptocurrency just recently. Though I did with 0.000001 nano which I got from some one time captcha. Basically nanotimestamps.org (still not created the website because I am so lazy and I have only done it with the server client model , not sure how can I do with real people funds and without a server / wasm in client) where it creates blockchaine-d timestamps which you can verify. I have created another where you can store data on the nano blockchain by routing some transactions (like 3-4) (but you don't lose any nano 0 nano lost in process , inefficient can work for only 3-4 characters) I have created another where you can store data on the nano blockchain by losing 10^-30 that is the lowest point of nano , something which you get a lot of , even from a free faucet that you don't have to do another captcha again and it moves it up to 32 characters) I think this is the purpose of blockchain and this and this only. I don't want to create / work on this because I feel that just because I am writing this on nano , people are going to get all hyped up on nano and I buy it and indirectly I become part of some scam. I am okay with if a cryptocurrency is equal to so people don't buy more than 1$ but for anything more , I genuinely wonder. Also I think I like the concept of monero from the process of anonymous transactions and that only. But still I won't treat it as a store purpose but rather temporary. I hope that these stay stable and scams go away. I have 0.000002 nano that I got by doing two captchas and I won't ever "invest" in crypto , only if I want to buy something anonymously or sell it , will I ever use monero and that too I would mine it myself, I would invest only & only in index funds. | ||
▲ | beeflet a day ago | parent [-] | |
If you are going to mine monero, try p2pool. It is better for the decentralization of the network, is capable of even smaller payouts and has no fees. |