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Author Topic: Would you buy a closed source crypto?  (Read 802 times)
Daedelus (OP)
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April 09, 2015, 10:55:11 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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April 09, 2015, 11:12:48 AM
 #2

Closed source and crypto in one sentence...  lol.

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


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April 09, 2015, 04:29:02 PM
 #3

For a "pump & dump" investment: Yes

For a longer investment: No way

Follow me on twitter! I'm a private Bitcoin and altcoin hodler. Giving away crypto for free on my Twitter feed!
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April 09, 2015, 06:21:01 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.
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April 09, 2015, 08:42:54 PM
 #5

So, is the dev branch of NXT open yet?
Daedelus (OP)
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April 09, 2015, 08:45:17 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.
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April 09, 2015, 09:09:04 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

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April 10, 2015, 07:04:36 AM
 #8

Absolutely. If the market conditions are right you will make a profit like any other coin.

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April 11, 2015, 02:30:17 PM
 #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.
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April 11, 2015, 08:23:34 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.
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April 13, 2015, 11:18:15 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.
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April 13, 2015, 11:25:32 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.
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April 13, 2015, 11:47:41 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.
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April 13, 2015, 11:53:10 AM
 #14

Are you hinting at 3000% gains for early NXT investors?

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