we should have a handful of Bitcoin Meeeelionaires on here.
Attention, excessive use of the word meeelion and million to follow:
I'm a crypto multi meeelionaire to the point I could lose multi meeeeelions and would still be a multiple meeelionaire.
I also know a couple of others that I met here in 2013 and still communicate with them on a regular basis away from this forum, they are millionaires too.
Two projects I've founded in the cryptospace sometimes have combined marketcaps of over 100 meeeelion dollars and do multiple millions in trade volume on a daily basis (at the beginning of the year they were only in the 10 million zone if that)... I can confirm it feels good when you create something that explodes in value.
Now I have half my portfolio invested in what I believe to be gen 3 coins and I went in hard from the start. When I say hard I mean I have been pumping millions of $$ worth of ethereum and bitcoin into them because they far exceed what any of the former projects are capable of.
If you want to get seriously rich by pouring money (that you can lose) into cryptocurrencies it's best to do your research and invest ahead of the trends... you also get to feel smug about being in the smart money category
Btc and Ltc etc are gen one and have massive network effects plus they are currently perceived as being stores of value like gold and silver.
Ethereum is an example of a gen two blockchain platform offering smart contracts (so more usability than gen 1), you would of been happy investing a few k into this in 2014 / 2015 / 2016.
Gen 3's are getting established and I'd rather have millions in these because they will have blockchains that'll shame previous generations... a Kitty app just crashed the ethereum network for example... that's just going to make it seriously difficult for growth if one single app caused it to crash.
Gen 3 cryptos you can run massively demanding apps like an entire social media platform (which has already been proven in Steem btw) along side hundreds of thousands of other demanding applications from video streaming to internet on the blockchain <<< that is where we are heading and that is something you can potentially start being a part of way ahead of the rest of the market right now.
You can see the proof right here in terms of how far gen 1 and gen 2 are lagging behind. Instead of looking at marketcaps lets take a look at blockchain usage.
Block'tivity <<< You can use the following site to monitor in real time the number of transactions on the top projects and how much their transaction rate is bearing load on their maximum capacity. You can see that both Bitcoin and Ethereum are at max load and therefore can't take anymore use right now. This is not good for mass adoption because developers wanting to do normal things for normal users who don't want any friction are being encumbered. However, neither Bitcoin nor Ethereum have the most transaction demand on them and yet they are at max capacity. Something I mentioned earlier called Steem is number one in terms of tx demand per day. In fact if you look at that list you will notice that Steem and BTS (which is number 4) have combined transaction volume more than both Btc + Eth. The important thing to note is that inspite of the fact they have more transaction strain than the others they are only at a fraction of their max capacity... Whilst I'm not investing in them I believe they are precursers to the true gen 3 cryptocurrencies. They are by miles the best performing cryptos in that list (talking about performance as opposed to price)... BTS and Steem were both invented by the same guy who is in turn taking everything he learned and ramping that up to enable potential infinite scaling via multiple thread capacity... opening the doors for more or less anything to be built on blockchain with no friction... surely that is the future?
Crypto is like the internet in 1994 and blockchain will become used by the mainstream for everyday things. You can use blockchain to build businesses and I would encourage people to do so as there are clear advantages to blockchain driven platforms vs traditional centralized (a major one being incentivization of participation on the network) the tools to make it easier for everyone to participate are being built and will be arriving over the next few years.
The bubbles will pop, last minute speculators will get hurt and tears will flow... bear markets will arrive at some point... but the technology is gaining traction at a rate that will become unstoppable and there are so many ways to get involved not just as being an outside speculator... people are recruiting in this scene and the posibilities to make your own fastlanes in it are only growing... speaking from experience having done it myself. Anyway that's enough of that for now just couldn't help but jump in after seeing an old thread bumped and remembering my time here back in 2013 and how far things have come in Cryptocurrency over the past few years. Yes there are millionaires like myself that have been here for a while and there will be tons more to come as blockchain or decentralized ledger technologoy is still in it's infancy.
Today on this very forum you tend to see people talking about wanting to build online ventures... the online part isn't going anywhere only without knowing or not they will eventually switch to writing about online "blockchain" startups... sounds crazy right now but it's not far fetched... the moment gen 3s or whatever else get their network effect, everyday people (the people you know that played candycrush and posted jokes on facebook everyday) will end up participating on them.
There is a crypto project I founded and run and it's all about offering the tools for people to build their own decentralized products. It's an ongoing development and we have people from all over the world working on everything from the codebase to marketing, our community is in the thousands and we'll just keep building away and upping our value proposition no matter what the markets do.
Tl;dr Crypto has been my fastlane it could be yours too.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.
Last edited:
