1,125 karma · joined March 15, 2013
- partially closed source
- has its own custom crypto
- uses a bizarre internal trinary digit system, instead of binary
- I've heard that it doesn't actually work, as in, you can't perform transactions
In terms of the top ~25 coins by market cap, AFAIK RaiBlocks is the only feeless one which acutally works. Regardless, it's worth watching these coins to see how the economics work out.
Coinbase passes the fees directly onto their customers, and they don't seem to care much. They also don't let users change the fees. In fact, Brian has started shilling Bcash on Twitter, so one might guess they're intentionally pushing up fees to push an altcoin (Bcash).
Protip: GDAX pays the TX fees, so it's possible to workaround the TX fees by moving your coin to GDAX.
So in practice, it appears not to be working as theorized.
I wrote a blog post about this: https://medium.com/@brndnmtthws/questioning-assumptions-do-c...
You're better off buying what you believe in and holding it. It's easy to fit a perfect model to historical data, but it rarely works going forward, unless you have insider information.
1) it seems incredibly unlikely, and
2) these systems haven't really been tested adequately for me to have much confidence in their utility.
If someone started firing missiles at the US, the risk that we'd start shooting them back seems high, and I think NYC would be a city that would get pummeled in retaliation. This is probably true for a lot of major coastal cities, especially Seattle, Vancouver, SF/LA, NYC, Washington DC, and Boston.
Fun NYC fact: the city is littered with fallout shelters: https://www.google.com/maps/d/viewer?mid=1Zm18xuBxp8kSysodfr...
Edit: I should clarify, my 'good for them' comment was about how it's okay for people to have regrets about having children, even though it's culturally taboo. If more people acknowledge this, then perhaps fewer people will take on the burden.
The question for me is: at what point will people begin to reject this farce of a ruling elite that exists today?