1 Level
5 Review
1 Karma
Review on Bitcoin Diamond by Christopher Kelley
While it’s true that the developers of Bitcoin Diamond have remained cloaked…
While it’s true that the developers of Bitcoin Diamond have remained cloaked in secrecy, it would do good to remember that the developer of Bitcoin was also cloaked in mystery, privacy and anonymity, even to this day. Satoshi Nakamoto gave the world Bitcoin and disappeared, leaving the blockchain for developers to examine and improve upon
Pros
- The community and trust of Bitcoin Diamond have been growing – When the Bitcoin Diamond fork occurred there was a huge amount of controversy, and many people outright called the project a scam. That is changing, with a community being built around Bitcoin Diamond and trust steadily being restored.
Cons
- The threat of being hacked and losing tokens – This is a risk with any cryptocurrency, and if you’ve been following cryptocurrencies for any length of time you know how vulnerable any coins held at an exchange are. If you’re going to accumulate Bitcoin Diamond make sure to store them in your own wallet, and preferably on a hardware wallet
