Vigilantes beware!
Caveat emptor is Latin for “Let the buyer beware”.
Actually, it’s the short form of Caveat emptor, quia ignorare non debuit quod jus alienum emit (“Let a purchaser beware, for he ought not to be ignorant of the nature of the property which he is buying from another party”)
And that’s exactly what I’d like to warn you about today.
With crypto, you can either be a gambler, or an investor. Both are cool, as long as you know whether you are a gambler or an investor. And when it comes to promise coins you might as well be sitting in a dingy casino playing without a full deck…
You see, both investing and gambling involve risk and choice—specifically, the risk of capital with hopes of future profit.
But gambling is defined as staking something on a contingency. It means risking money on an event that has an uncertain outcome and heavily involves chance. Also, there is a negative expected return to gamblers, on average and over the long run.
On the other hand, the core premise of investing is the expectation of a return in the form of income or price appreciation. It is based on a degree of certainty in something that is fundamentally sound.
Degrees of Certainty
100% certainty is found in Proof of Work – the algorithm that secures many cryptocurrencies, including Bitcoin and Ethereum. Or in simple terms, it means it works as it’s supposed to do. Right now. Not as a future promise.
In today’s video I explain why Monero has an extremely high degree of certainty, which means IT IS AN INVESTMENT.
And what you should look out for when it comes to promise coins, or caution coins.
Watch on: Youtube | Bitchute | LBRY
The question is how do you know when a coin or a blockchain is fundamentally sound? How can you cut through the intentional obfuscation (also known as bullshit) of the cryptosphere to recognize the difference between sound money and something posing as sound money?
Here’s how:
Book your ticket now for the most badass cryptocurrency summit in the world at the Extreme Capitalism, Extreme Creativity, Extreme Sovereignty virtual TCV Summit taking place on 4-5 February, 2021!
We are talking hardcore crypto.
Think about it. If you sit down at a blackjack table in Las Vegas, you have no information about what happened an hour, a day, or a week ago at that particular table. You may hear that the table is either hot or cold, but that information is not quantifiable.
That’s why we exist. That’s why I make these videos – to help you:
- understand everything about crypto on a fundamental level;
- analyze what’s happening in the market and what you should do with the info; and
- prepare you for a world in which the right digital assets could be the only things between you and economic, social and personal subjugation.
Someone said, “Once you start thinking you have nothing left to learn, you have everything to learn.”
Subscribe to The Crypto Vigilante for the best and most fundamentally truthful content exclusive to TCV subscribers.
Find your truth.
Rafael LaVerde
Crypto Economics Analyst
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