Stellar Lumens: Currently Worthless, but a Hidden Gem?
Stellar Gfx
Stellar Lumens: Currently Worthless, but a Hidden Gem?

By Thomas Wolf | wickedthewolf | 21 Mar 2020


For a while now I've been considering the fact that Proof of Work (POW) currencies that are hardware intensive such as Bitcoin would one day be rendered obsolete by currencies that operate under similar principles but use far less system resources, and thus less carbon emissions.

I am equally in support for the swap to sustainable/clean energy to power Proof of Work currencies (or the entire planet) as then using resources would cause no harm beyond component wear, which still acts as a factor within overhead costs.

As an environmental science and engineering student I find this to be crucial for future success as well as a good business opportunity with the right market analysis; an analysis that is going to take a while (I find most to be a joke...I am a big fan of common sense, though!)

There is also the fact that Bitcoin block confirmations are slow for 2020.  We don't wait that long for our money unless we have no choice this day in age and no one is going to say it's an upside to require waits to be secure.

I've watched other altcoins such as Nano and hoped that a fast, secure, and overall highly "efficient" token would eventually take Bitcoin's place.  Mostly it's been a depressing view as Bitcoin stomps out all other competition without breaking a sweat.

Of course, Bitcoin is the king coin.  Every other is in its shadow and correlates with its worth.  However, I believe the scales are starting to tip.  With the increase in traffic on websites such as Coinbase and Kraken, etc - trading currencies at various prices interchangeably with stocks and fiat has allowed them to grow.

So why Stellar?  Well, it would be a great investment opportunity as it is worth around the same thing Bitcoin was before its initial surge a decade ago.  I'd love to buy 1,000 Stellar just to HODL - and probably will after this post if the price drops again (I'm re-investing at the moment).  There is that and it serves the function it was intended for.  The principle: It works.

I don't want to deter you from your tokens of choice or holding BTC as your favorite, but I want people to keep an open mind about what the future will call for in order for crypto to continue down its path of evolution and avoid regression.  There are a lot of altcoins and stocks to look at for investment opportunities with the markets being down right now.

I ask only that you keep an open mind about improvements for the future.

-Thomas Wolf

 

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Thomas Wolf
Thomas Wolf

I blog in an amalgamation of an eclectic and diverse range of topics. I am a cryptocurrency advocate, a STEM undergraduate student, a nature enthusiast, a survivalist, a DIY specialist, and I'm a little crazy at times.


wickedthewolf
wickedthewolf

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