Hey,
So yesterday was CROC's birthday -- the reptile is one-year old as of
today yesterday.
For whatever reason I was reflecting on the _Watchmen_ comic series a few hours ago (and I'm about to characterize CROC as the Rorschach of crypto
[
https://en.wikipedia.org/wiki/Rorschach_(comics) ]) ... it's maybe not pretty or glamorous, it's underground, somewhat gritty but has its underdog strong points and utility.
Without trying to [over-]spin things or "sell the sizzle instead of the steak", I'm going to rehash things and why I think this chain has a promising future...
The pros for CROC (in my view) include the following:
* The mining hash rate is usually a steady net hash around 230 TH/s (fluctuating between [roughly] 150 and 350 TH/s). From this, my assertion is that the barrier to entry for miners is somewhat high for the SHA-256 algorithm (it costs tangible hash or rental cost to mine new CROC). This is somewhat a scarcity argument. In my view, miners should stake what they earn, but it's for them to decide what is best for their situation ultimately.
* The inflation-rate of 12% is somewhat high but not such that the two markets are inundated with coins generated through staking.
* CROC's currently trading on both Cryptohub and Yobit (which allows for the potential of arbitrage between the two exchanges).
* The daily market volume on Cryptohub seems to be about 0.04 - 0.07 BTC [with spikes as high as 1.15 and 0.43] and on Yobit the daily volume seems to average between 0.01 and 0.02 BTC. Thus, if anyone builds a position and is smart enough to *just* sell his or her stakes (w/o touching the principal or taking support orders out entirely) this will/should generate a reliable income ... particularly in the medium to long term [as people figure out the over-inflating chains won't always have enough buyers to support an ever-growing supply... particularly as there are many similar alternatives].
* The current supply is in the small-to-medium range -- (
several years from now it'll reach 55 million -- but it's not very close to that at this point).
* Of those being offered for sale at prices higher than the current market price only 8.6% of the supply is available for sale (45,000 available for sale on Yobit and 252,000 on Cryptohub = 297,000 total [the CROC-universe as I write is 3,446,335].
* CROCcash still has its penny-stock aspects (the comparative cost of gaining a sizable proportion of... say... the stakes of Cardano is significant).
* I have probably left out other positives but I want to send this message off today ^_^ .
The negatives include:
* the chain isn't being worked on (right now -- maybe in the future once some proof-of-concept stuff has been adequately developed in related chains).
* the RAM and CPU use of the chain is sizable (part of which is attributable to the 30 second-block time, part to the relatively large size of the blocks themselves, and probably part because the codebase could use some refining or updating).
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Finally, for overall backdrop themes...
My view of many crypto-charts (of course there are counter-examples to be found) is that most still are in a downtrend or trading sideways (despite the recent couple weeks). Look for instance at
https://coinmarketcap.com/currencies/monero/ or
https://coinmarketcap.com/currencies/dash/ .
Staking chains at least provide an income source (comparable to dividend-paying stocks or bonds) ... but allowing people to opt out of the paradigm [somewhat] of corporations being treated like
de facto persons legally in most countries worldwide (which presents ethical problems as they can lobby to change laws internationally in their favor... producing a corrupt corporatocratic mileu ... as opposed to an environment favoring the agency of
actual thinking/acting/living persons).
One should, arguably, be in crypto for reasons beyond a potential-lambo (or even building/supporting-the-building Seasteads/future micro-nations ^_^, fiscal and political sovereignty without just the trappings, whitewashing, and make-believe, and selective/politicized support for democracy/free-speech/free-press/free-assembly).
Meanwhile, interest rates are slowly being pushed up worldwide as central bankers primary tool is monetary policy (which should make debt loads more difficult for people to handle that are playing too much with that particular fire). My view is that fractional-reserve banking / finance-by-credit is one of the chief components of the boom-bust cycle.
I was watching something on the BBC earlier today about the Turkish Lira falling dramatically today because the POTUS-monkey was looking to do trade sanctions on Turkey because he's in some 1970's era trade-war headspace/fever so the political risk of fiat currencies as the various politicians squabble over their fiefdoms and interest-groups is relevant to people worldwide.
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This is just ancillary/unrelated stuff following... mostly sharing some [obscure] theme music:
https://www.youtube.com/watch?v=ZUEQRaw85DA // sort of neo-hippie stuff from Seattle (some album from 1994)
a little more abrasive/anarchist/Hakim-Bey-influenced stuff (also from Seattle):
https://www.youtube.com/watch?v=ulDJzfn5BiI&list=RDEM2Pm-A0jo6BoVQ643Rn9CPA&index=4https://www.youtube.com/watch?v=wyOkHrD_XvASignificantly more abrasive (New York stuff from about 1996 e.v. [Bill Laswell, Bootsy Collins, Yamatsuka Eye, Mitch Harris, Buckethead, and others] :
https://www.youtube.com/watch?v=1tG9sGHx6ugThe Swedish group Entombed's "Hollowman" album (not really suitable for everyone's taste... it is what it is :
https://www.youtube.com/watch?v=kFCxH_EdbKU&list=PL6_qhP3eWX5PzB-iDAJKnzzssemtQoisa )
Lastly, I am trying to expand my coding background and related skillsets to do some work which will ultimately benefit this chain (not looking to detract from this anyhow)... eventually there might/will be a spin-off coin in the bitcoin-cash manner relative to BTC (I have some ideas in mind and things I'm looking at doing in the little free-time that I have available). Anyhow this shouldn't be seen as the primary motivation for anyone but just some potential icing for the cake.
