No one will bother to read the “founding documents” in this case, or the USG. The few who do will at least know what they read because it is simply stated in it’s complexity.
Thank’s for the link.
I started mining Etherum in December 2017. Spent about 65K on mining equipment (Computer equipment and electric), and made 99K at the time each amount was transferred into coinbase. I have put another 107k into my profolio - I took two BTC for each kid, and made 12k in purchases, and pulled another 137k from the profolio to recoup my initial 65K investments. Today, I have 4 BTC for the wife and I, 200 Solono and maybe 5K in a few other coins.
Bitcoin and Solona are the only crypto I consider safe investments. Etherum will probably remain solid. The rest of the thousands of coins are for the most part gambling schemes, which after the first few months or year(1) will never do anything beyound the Bump.
I disagree that “all” the others are just gambling schemes. Many are but some do have legitimate technology and value behind them. For example, XRP is rapidly becoming the largest way to transfer remittances around the world. Its far cheaper and faster than Western Union or Moneygram for example.
Other projects like Cardano are currently being used for a range of purposes from recording academic information to smart contracts, sending/receiving money, etc. Its also proof of state rather than Ethereum’s proof of work so if this particular technology turns out to be the way to go....
I also think other Tier 1 cryptos like Cosmos, Avalanche and Polkadot are also pretty sound investments.