Quote from: Vhawk23 on March 28, 2015, 03:31:44 AM

Quote from: Saw on March 28, 2015, 02:06:46 AM

To be honest I wouldn't put money into either Bitcoin or Gold.If I had 2,000 USD to invest right now I would by Oil,and not futures I mean straight out own the barrel.It is what 48.00 a barrel today......I would hold half of it til it hits 60.00 then dump half and reinvest profits at slightest dip.Or at that time by gold.I would never buy BTC ....It is on a death slide IMO and will be replaced by whats known as a Gen 2 hybrid cryptocurrency.But this is just my opinion.Do whatever you like. Tongue

Gen 2 hybrid cryto? What's that?
Is there any post about that?
And... Dose it'll be more "profitable" than bitcoin?
Sorry for questions, but I'm really curious about it
Anyway, Thanks in advance Grin

Gen 2; referring to the innovations in cryptocurrency technology.

Ok,in as brief as I can make it....Bitcoin,Litecoin,and Dogecoin are the most successful cyptos available at this time.They all operate on what is know as a POW(Proof Of Work)blockchain.This is a more complicated process than I wish to disclose here.Be that as it may,they and other cryptos are then called Generation 1 cryptos,in reference to the 1st of its kind.

A Generation 2,gen 2 for short,is a crypto that uses a combination of a POW blockchain with a POS(Proof Of Stake) blockchain.This combination makes it a hybrid,Some Gen 2 cryptos are 100% POS.

The POS system greatly reduces the transaction confirmation times thus speeding up transactions and also allowing for less energy consumption.Which is a huge plus when it comes to online purchases,and the concept of using crypto debit cards at Point of Sale registers in participating retail stores.

There are other benefits ,such as the individual is able to earn interest on the balance one holds in their wallet,The hybrids offer mining and staking which keeps their networks active....The biggest drawback to Gen 2 POS cryptos has been they are prone to forking.There has been significant advancements to overcoming this problem and the more successful Gen 2's almost never fork.

I do not claim to know which of the Gen 2's will become the dominant coin.I currently hold many different wallets and actively stake 10-12 at a time on a VAIO laptop with no difficulty.However some of the more successful ones available at this time are,Blackcoin,Pandacoin,HTML5,Orbitcoin......The list goes on and on.It is my opinion that the current gen 1 coins we see being dominant today will be obsolete in the near future.I would further state an opinion that the current low price of BTC is a result of the competition it faces with some of the more successful Gen 2's and the market economics of trading on cryptomarkets...

Hope that answers your question.If you'd like to know more start at the websites of the coins I listed above,and check out their forums.If you aren't already aware you will soon find there are hundreds of competitors,and many are being actively traded on crypto exchanges such as Crptsy,Bleutrade,etc