Author

Topic: Would you buy a closed source crypto? (Read 806 times)

legendary
Activity: 2114
Merit: 1090
=== NODE IS OK! ==
April 13, 2015, 06:53:10 AM
#14
Are you hinting at 3000% gains for early NXT investors?
legendary
Activity: 2044
Merit: 1008
April 13, 2015, 06:47:41 AM
#13
Yes if it's promising, sometimes it's even better to wait before open sourcing the project so that it will be rare and catches on.
3x2
legendary
Activity: 1526
Merit: 1004
April 13, 2015, 06:25:32 AM
#12
So, is the dev branch of NXT open yet?

No, but Nxt isn't asking anyone to blindly install the dev branch on their computers.

'Practice what you preach' would seem appropriate.
legendary
Activity: 1008
Merit: 1007
April 13, 2015, 06:18:15 AM
#11
So, is the dev branch of NXT open yet?

No, but Nxt isn't asking anyone to blindly install the dev branch on their computers.

'Practice what you preach' would seem appropriate.
hero member
Activity: 532
Merit: 500
April 11, 2015, 03:23:34 PM
#10
Even if it promised you great things? How long can a crypto survive being closed source? Is it recommended? Can it be compatible with the 'culture' of crypto today?

Answers on a postcard  Grin

Your promises would not really get me excited unless you had a track record of awesomeness which unfortunately you don't, that goes for anyone else who is pushing closed source out there.. BUT... If it was closed source and was vetted by a trusted member of the community and it was promised to be open source in the end and the trusted community member gives it a thumbs up then i would buy a lot of the coin before it became open but that would be a gamble and is not recommended.
full member
Activity: 132
Merit: 100
April 11, 2015, 09:30:17 AM
#9
Yes , if its enough cheap , I can buy and sell high.

But , if you ask to keep them, then it depends on devs and community.

Specifically, if youre asking for NEM , Ill keep them in my wallet.
sr. member
Activity: 266
Merit: 250
April 10, 2015, 02:04:36 AM
#8
Absolutely. If the market conditions are right you will make a profit like any other coin.
hero member
Activity: 556
Merit: 500
its not my fault
April 09, 2015, 04:09:04 PM
#7
How can you trust a closed source crypto? Perhaps for short term trading but never long term investments..
Part of the main reason bitcoin was developed is because of a lack of trust in closed currencies controlled and influenced by unknown entities.
It defeats the whole purpose
hero member
Activity: 574
Merit: 500
April 09, 2015, 03:45:17 PM
#6
So, is the dev branch of NXT open yet?

No, but Nxt isn't asking anyone to blindly install the dev branch on their computers.
legendary
Activity: 1008
Merit: 1007
April 09, 2015, 03:42:54 PM
#5
So, is the dev branch of NXT open yet?
sr. member
Activity: 316
Merit: 250
April 09, 2015, 01:21:01 PM
#4
I brought some Qora when it was closed source because the dev said it would eventually be open sourced. I would not buy one that would always be closed source.
legendary
Activity: 2044
Merit: 1055
April 09, 2015, 11:29:02 AM
#3
For a "pump & dump" investment: Yes

For a longer investment: No way
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
April 09, 2015, 06:12:48 AM
#2
Closed source and crypto in one sentence...  lol.

Don't ever ever trust a crypto if it's closed source.

hero member
Activity: 574
Merit: 500
April 09, 2015, 05:55:11 AM
#1
Even if it promised you great things? How long can a crypto survive being closed source? Is it recommended? Can it be compatible with the 'culture' of crypto today?

Answers on a postcard  Grin
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