Topic: ARK - DPoS 🔹 ARK Protokol 🔹 MarketSquare 🔹 IPFS 🔹 Staking on Binance 🔹 - page 250. (Read 781308 times)

author=toknormal link=topic=1927772.msg19153779#msg19153779 date=1495530085]

I have some Ethereum but I see it as an extremely risky investment long term. Sure it could keep going up, but what exactly are we investing in ?

If you think you are investing in the business models (DAO's) that run on it, think again. As far as those are concerned the blockchains are interchangeable. What happens when a successful DAO decides it wants to move to the next latest and greatest platform - be it Tezos, Rootstock, Ether Classic, whatever ? No problem ! They just create new tokens on the competing chain and supply them on a 1 to 1 exchange basis for the 'old' ones.

Thats the problem with these smart contract chains. There's an airgap between the base token and the real value source.

That airgap isn't there with the monetary blockchains. If you own Bitcoin, Litecoin, Dash, Monero, Dogue, Peercoin, Unobtanium, Jackpotcoin you own it because the coin itself has value. There ain't no replacing it with another chain because it ain't itself any more. Whereas with a DAO token, you can move it to another chain and it's STILL itself.

I therefore regard these smart contract tokens with extreme caution when it comes to holding them as store of value. Monetary tokens can keep going up forever. Smart contract tokens can have the value drained out of them one day by a competing technology and for it never to come back. Consider investing in electronic typewriters in the 1970's. You'd have made a lot of money as long as you got out at some point. But if you held till the end of the 80's you'd be broke. Meanwhile if you'd held precious metal throughout you'd be fine.

Therefore the general rule is:

Monetary Blockchain Tokens: Real Gold
Smart contract Blockchain Tokens: Fools Gold

Smart Contract blockchain tokens = the 'Electronic Typewriter Shares' of the 21st century

Hmm, ok, I'm just trying to be devil's advocate since there is so much optimism around here. I am actually fairly long myself and in a sense I'm trying to test my own thinking.

I assume many of us in this thread are long and like it higher. But we need to be self-critical and think about the "what-ifs." That's all I'm doing.

It seems Ark has been forgotten in the recent rally the last few days. Something interesting to think about at the very least.

Do we really think this project can rally?

The main draws are 1) a focus on consumer adoption and 2) bridging blockchains. 2) requires the cooperation of the development teams for the other chains, correct? Isn't it unlikely that Bitcoin and Ethereum would modify their code for Ark?

Do we really think this project can rally?

The main draws are 1) a focus on consumer adoption and 2) bridging blockchains. 2) requires the cooperation of the development teams for the other chains, correct? Isn't it unlikely that Bitcoin and Ethereum would modify their code for Ark?

It is still low indeed. But wait until people get to know ARK better. It will sky rocket!!

I watch this thread daily and i'm watching it becomes a great one !

Price is still low IMO .

delegate anamix again does not pay his supporters in time. or at all, since 9 days. and now he's offline for 4 days. maybe take him out of ark profit calculator?

delegate anamix again does not pay his supporters in time. or at all, since 9 days. and now he's offline for 4 days. maybe take him out of ark profit calculator?

The problem is how much is left in the fund for their development.

It's still early for the next stage of growth. There will be more than one day when the price will go in a narrow corridor

ARK is so ridiculously undervalued it.

This one is a no brainer.

I think charts are due for trend reversal next week, I predict 15-18k sat by Friday