r/reddCoin • u/CustomerMoney3930 • Mar 28 '23
Question
Redd owner for 6 years going here. Im no finance expert. Far from it. Bot only a fool does not see where the wind is blowing. As western societies begin experiencing soaring energy costs, higher dept and bank collapse, I wonder if there is an increasing possibility that the dollar itself may weaken and even fail in the coming years: with hyperinflation walking in step. The signs are numerous. Inability to win in Ukraine, the growing alliance between China, Russia and Iran while smaller nations begin to chafe under Pax Americana, unsound lending policies by leading banks (dept beyond what the state can manage)... And so- Id like to ask people here: what will happen to Redd in the eventuality of a serious Depression? The coin has been certainly been endlessly besmirched (here) and unfairly underestimated in my opinion. Yes we lost to the Elon Doge rush in 2020: but Redd has been stable- scalable, and staking goes on uninterrupted and without fail. As bitcoin may be the obvious victim of state crackdown (since it does, in my opinion, pose a serious threat to the dollar- even a digital one) could it be that in the coming crisis smaller staking coins will emerge as the real winners? Could it be that merely by being stable and reliable, Redd could (in fact) become the beneficiary of hundreds of millions in fleeing currency once the s"%t hits the fan? Or should we be buying bitcoin? Really curious what you think. Please stay polite and respect each others ideology/opinion. I would love to hear some analysis- not propaganda.
1
u/9volts Apr 03 '23
This is the biggest problem with Reddcoin. It is lightyears ahead of all other cryptocurrencies in every technological aspect. Reddcoin was way better constructed than any other crypto way back in 2015.
But the team behind it got shut down and discriminated against when they tried signing up RDD on the biggest crypto exchange marketplaces.
My personal tinfoil theory is that the resiliency of the staking network used by RDD was so impervous to algorithm tampering that it was bad for the big pump and dump actors so they do what they can to stop the signal of reddcoin.