The Nagus Report 07/15/2017steemCreated with Sketch.

in #bitcoin7 years ago (edited)

Zek_crop.jpg

Are YOU mining?

What is it that you're really after in the crypto space?

*Parabolic crypto asset price increases
*Alternative living outside the fiat system
*Interest or involvement in crytography
*New economic future with less friction/control

Whatever your reason, if you believe in the power of crypto then the next question is
"Are you mining?"

Mining is the proof-in-the-pudding that makes value in the crypto space. With upcoming changes to Bitcoin on August 1st, I am curious about the future of the other big name: Ethereum.

// A brief on Bitcoin and Aug.1st

“Casual bitcoin users! You need to know about Aug 1st!” @knutsvanholm https://hackernoon.com/casual-bitcoin-users-you-need-to-know-about-aug-1st-d568e07418cb

//

In general, I have no real interest in Ether, but it has strong public backing and looks to be the backup crypto if Bitcoin falters.

Despite the recent sell-offs in crypto recently, I think there's still a lot of energy and purpose to Bitcoin. It is the default crypto currency so it won't be going anywhere soon. If you believe this then, once again...
"Are YOU mining?"

If you think Bitcoin will rebound after Aug.1 and seek new heights, I ask again...
"Are YOU mining?"

If everything goes way down and altcoins shake out to zero value leaving just Bitcoin and/or Ethereum...
"Are YOU mining?"

If sidechains and drive chains solidify Bitcoin as the reserve currency of crypto, once again...
"Are YOU mining?"

This isn't advice. Just food for thought.

-The Nagus