I believe as strongly in Bitcoin as anyone – but also, that in the unfolding Digital Age, numerous altcoins will thrive, so long as they have a viable, defensible use case that adds value to the cryptocurrency community.
In today’s early stage, few coins add any value whatsoever – mostly, because they never intended to accomplish anything more than provide a pump and dump opportunity for their creators. However, if you do your due diligence, you can see that there are several adding significant value, with the potential to be huge winners in 2020 and beyond.
This morning, I highlighted one of the few coins I expect to have a bright future, Bitcoin Rhodium – which readers know I have followed, and supported, since the project’s launch in December 2017. In it, I wrote the following, of what needs to occur for a coin to become valuable, and maintain its value over time.
“What makes a cryptocurrency valuable is demand to mine it – which costs MONEY and TIME to do; a viable, defensible use case; scarcity; and the development of features that make it more valuable. Only a handful of coins can check one or two of these boxes – let alone, all four.”
When it comes to MWC, the ONLY coin I agreed to officially work with, it unquestionably meets this criteria, too. Moreover, the MimbleWimble technology is was created to build is far superior to current blockchain protocol; thus, its development provides a valuable benefit to the crypto community - particularly Bitcoin holders, who received it (and eventually, its dividends) for free. To that end, MimbleWimble is such a powerful technological innovation, it could actually compete with Bitcoin if the Bitcoin community does not properly address it.
From a development perspective, the MWC team has accomplished AT LEAST as much Grin and Beam since launching in February – quite an accomplishment, given how deep and well-funded the larger Grin and Beam teams are. This, whilst simultaneously managing the registration of roughly 1% of all Bitcoin holders for the upcoming MWC airdrop – scheduled to occur roughly a month after November 11th’s MainNet launch.
To wit, MWC engineers have developed the industry’s best Windows/iOS/Linux GUI wallet; a ground-breaking cold storage system; and even, the foundation of a decentralized MW-based exchange based on cutting edge atomic swap technology.
Mining-wise, MWC is 100% compatible with Grin – so when its MainNet launches, don’t be surprised if a significant percentage of Grin’s (and Beam’s) hash rate shifts to MWC, given its dramatically superior financial properties…including scarcity (20 million lifetime cap, versus 263 million for Beam and none for Grin) and an “MWC HODL” dividend. Not to mention, the fact that due to the airdrop, distributing 30% of lifetime supply (and an additional 10% via the MWC HODL dividend), many Grin miners will be loyal to MWC for having been given it for free.
In my view, MWC has the “perfect storm” of tailwinds behind it – of a coin based on vital technology to crypto’s future; with superior financial traits and brilliant, devoted developers who have proven their skills and determination BEFORE the coin has even launched. When MainNet launches November 11th – followed by the airdrop roughly a month later – be prepared to see what a coin that adds SIGNIFICANT value to the crypto ecosystem can do!
The MWC airdrop registration ended July 19th, with MainNet launch tentatively scheduled for November 11th, 2019, and claims on December 11th, 2019. A total of 148,474 Bitcoin registered – roughly 1% of the entire BTC float - yielding an MWC/BTC ratio of roughly 40.41. For more information, please check out the MWC website, Discord room, Twitter feed, and Telegram Forum.