STOP BUYING CORPORATE TOKENS

Go google systematic and non-systematic risk. Decentralized currencies that are open source and supported solely by volunteer devs, miners, and the general community are almost entirely spared from non-systematic / idiosyncratic risk. Why? Because there is no company/corporation to fuck anything up. There is no executive to get wrapped up in a scandal, there are no EPS estimates missed, there are no defaults on debt.

Let me give you an example. Imagine Bill Gates makes it publicly known today that he just sold off all of his shares of MSFT, and then later tweets how impressed he is by Apple. Gates isn't even an acting official in the company, and it would still kill Microsoft. Meanwhile, the creator of LTC just sold all of his holdings of LTC, publicly praised a competitor (NANO), and guess? LTC's price barely budged. Why? Because it's near perfectly decentralized and not tied to idiosyncratic risk like a rogue creator.

Want an opposite example? Look at the recent Walton fiasco. WTC isn't just a coin -- it's a stock in a company, just like any token issued for largely centralized products like Ripple, VeChain, and Iota. Partnerships are cancer. Trying to research NON-PUBLIC companies to decipher which has the best chance of succeeding is insane. When a company like Walton ties itself inexorably to its coin, its made itself the centralized figure that can and will impact that coin's price. Also, most of these corporate tokens have their supply controlled directly by the companies, which likely means a bunch of autistic and economically-braindead programmers are acting as the Federal Reserve of whatever token you're holding.

(cont.)

This is the basic litmus test: if the creator of the coin can die or be accused of sexual assault without the coin's price tanking, it is well decentralized and a worthy investment, as the coin will be immune to everything but systematic risk. If a token fails this test, it's just a glorified stock with even more risk and absolutely zero protections for you, the shareholder.

Here's a short list of coins that are far too centralized and dependent on the success of a company's ability to procure business:
>OMG
>REQ
>XRP
>XLM
>IOTA
>VEN
>AMB
>EVE
>TRAC
>PRL
>WTC

Where does SKY land on this scale?

I feel like if synth died the price might go up

Many early stage tokens fall in the corporate side due to the fact that they lack working products. If I killed the lead devs on EOS, it's over, because they still need to make the actual product, much like SKY's team.

The decentralized and trustless nature of cryptoassets is what makes them such attractive investments. Launching too early when the token is still reliant on the core team defeats the purpose.

>no LINK
saged

Didn't even remember that shitcoin desu

but a lot of the coins you listed have already made people 10x if not 30x on their initial investment. if you think the majority of people are in crypto for anything other than a quick buck, i've got some news for you

this is the most retarded opinion i've read today

Yeah, in the massive bull run that saw every coin do 10-100x. It should be obvious I'm talking about long-term prospects and not swing trading. I'm sure some of the coins I listed will do 100x, but good fucking luck figuring out which of them can succeed without knowing basically anything about the companies' internal financials and ability to procure long-term and meaningful partnerships.