Before you buy a shitcoin, think about this…

  1. How were the tokens created? If out of thin air or pre-mined, how is it any different from fiat money?
  2. Who created the token? Is it open source and codded by the community or created and ran by a company or a dev who got famous? If there's a company how is it any different from a bank? What will happen to the coin when the company or famous dev gets sued?
  3. How many tokens were created? Market cap means nothing when Billions of tokens are created with no effort or proof of work.
  4. How many nodes run the coin? The fewer nodes the more centralized and vulnerable.

submitted by /u/veganic11
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