Cryptocurrency enthusiasts, passionate about its ways and workings towards benefitting the society, often have at least some Bitcoin or Ethereum in their portfolio, if not both.
However, it is not common knowledge that Bitcoin and Ethereum each have younger cousins in the crypto market and these are coins that were conceived and developed by some of the same people who previously worked on the originals in their initial years, and recognized faults and weaknesses that could be improved upon with new coins.
The latest episode of the popular cryptocurrency podcast- Contrarian Island, has Daniel Frumpkin and podcast host Matt, discussing their thoughts on cryptocurrency investment strategies during the bear market in detail.
The discussion includes reasons on why Bitcoin still by far possesses the most convincing case to make exponential gains in the future years, exploring the addressable market for Bitcoin and how it fits in with competitors like gold, government bonds, and collectibles.
Frumpkin, a remote traveling worker (aka “digital nomad”) shares his distinct view of Bitcoin based on his experiences. He details his perspective of the convenience of living and working in abroad if Bitcoin were a widely accepted medium of exchange. His belief that optimizing for the store of value use case is more important from a short to medium-term investment standpoint is also an interesting subject matter.
After some technical discussions on future scalability with the Lightning Network and its restrictions gave the current Bitcoin protocol stipulations, the topic shifts gears to Decred: a venture that Matias and Daniel both share a kinship for.
Former Bitcoin developers were responsible behind the creation and building of Decred. These developers predicted that Bitcoin’s lack of a governance system could prove unfavorable in the future. After the constant hardships of Bitcoin blockchain in 2017 and 2018, they were proven correct, and Decred promptly became an industry leader in governance.
Token holders can propose new ideas for improving the project in Decred’s governance system, which is a blockchain industry first. After the creation of a proposal, token holders can buy tickets that let them vote on whether or not the ideas will get funded, and even decide on the engineering or marketing team that will carry out the work from a list of applicants.
Bitcoin and Decred have many significant characteristics that coincide like, maximizing decentralization, censorship opposition, security, and transparency. The distinguishing quality of Decred is its governance, and that is what makes it a tough hedge against Bitcoin in the future. Even on the accounts of Bitcoin succeeding alongside it, Decred will surely give a worthwhile performance. And, if you want to know more about Decred & its value, you can visit our Decred price prediction page to learn more.
The growing Decentralized Finance movement and the overall size and strength of the Ethereum development community across the world give some pretty good reasons to be bullish on Ethereum. Even then, there is a lot to be accomplished for this cryptocurrency. With scalability being a big concern in the short-term, Ethereum has many millions of investor dollars already lost due to buggy code.
But that is where Cardano comes in. Charles Hoskinson, the founder of Cardano, co-founded Ethereum alongside Vitalik Buterin and was a major part of its early development. Recognizing some faults in Ethereum, Hoskinson created Cardano in an attempt to solve those big issues.
Compared to Ethereum’s Solidity, Cardano’s programming language, Haskell, is a lot safer and less buggy. Moreover, there is a rigorous academic peer review process involved, which all technical features of Cardano’s platform must pass through, to ensure that the platform is firm from the foundation up.
In the smart contract space which is full of many dubious platforms, Cardano easily stands out as a legitimate contender, solidifying its position to become the leader of the space in the coming years.
In due course, anybody with significant amounts of their collection invested in either Bitcoin or Ethereum will have to pay heed to Decred and Cardano. The best place to kick-start this conversation is to listen to the talk between Daniel and Matt.