Now that the BRhodium claiming process is over, we are likely within a few weeks of the public trading launch. In the coin’s Discord chat community, its proactive, English-speaking developers continually give updates – the latest being, that they are currently focusing their efforts on network security and mining. Thus far, they have come through on everything they have promised – and consequently, I have no reason to believe they will not secure exchange support for a public launch later this month.
As a high-profile Bitcoin Maximalist, people get angry if I say ANYTHING positive about ANY altcoin. However, while I will not, as a personal policy, purchase altcoins, that doesn’t mean there aren’t ANY I have a positive view of…particularly ones I receive for free, like BRhodium. Heck, even the ultimate Bitcoin Maximalist, Saifedean Ammous, wrote a few weeks back “there is nothing wrong with a centralized competitor to Bitcoin,” so long as it doesn’t pretend to be Bitcoin 2.0.”
That said, BRhodium – which is NOT a Bitcoin fork, but a new coin with unique code - is not “competing” with Bitcoin for anything…but instead, offering the one thing Bitcoin cannot; i.e., “ultra-scarcity,” given that it’s lifetime supply cap of just 2.1 million coins, which will take 100 years to be reached, is just 1/10th that of Bitcoin’s. In other words, “Bitcoin Maximalism with a Twist.”
https://twitter.com/Andy_Hoffman_CG/status/956181557902917632
- Andy_Hoffman_CG
As someone who believes Bitcoin is the new “gold standard” of global monetary value; after having been a leading global commentator on why gold held that title for 5,000 years; I have a unique perspective on monetary value…that has dominated my personal and professional life since 2002. To that end, I believe several factors make BRhodium the only altcoin offering true monetary value; which, once the market becomes comfortable with the safety and stability of its network, will likely be reflected in a healthy valuation – both absolutely, and relative to Bitcoin.
https://twitter.com/Andy_Hoffman_CG/status/952917044906803203
- Andy_Hoffman_CG
In my view, this will be particularly apparent during bear market periods like we are experiencing today – when BRhodium’s scarcity, and monetary value, will make it more attractive than the vast majority of altcoins.
https://twitter.com/Andy_Hoffman_CG/status/953315295434719232
- Andy_Hoffman_CG
Moreover, as the first altcoin to be distributed entirely via an airdrop to Bitcoin investors; which again, is NOT a Bitcoin fork; I believe the “first mover” advantage it will be attributed – as the first airdropped distribution, and the first with the ultra-scarcity use case; will not be repeatable. In fact, it may well catalyze the beginning of the future of cryptodividends - in the form of airdrops…and conversely, the end of the Bitcoin fork.
https://twitter.com/Andy_Hoffman_CG/status/955790750616186880
- Andy_Hoffman_CG
Throw in the privacy features its developers are incorporating; plus, the trust engendered by the care taken to ensure as many people as possible received the BTR they deserved, and we’re talking about a potentially very strong community of “BRODLers.”
https://twitter.com/Andy_Hoffman_CG/status/957628015877398529
- Andy_Hoffman_CG
However, what excites me most about BRhodium is that the distribution method ensured the majority of the float will be in the hands of large, long-term Bitcoin HODLers; i.e. whales who are already wealthy, with a significant understanding of financial markets and little incentive to sell. Thus, its effective float will be miniscule – making it very difficult to acquire large positions in without dramatically moving the price.
Moreover, given its equally miniscule “shares outstanding” – of no more than 1.0 million at the time of launch; I expect it to be the highest-priced cryptocurrency…second only to Bitcoin itself.
https://twitter.com/Andy_Hoffman_CG/status/951851237338591233
- Andy_Hoffman_CG
In other words, characteristics the investment community may come to view as those of an “Elite Bitcoin” – which only wealthy investors can afford significant positions in, but all will want “a piece of”…
https://twitter.com/Andy_Hoffman_CG/status/952530746798829569
- Andy_Hoffman_CG
…particularly in a post Crypto-Crash world in which altcoins; and particularly, cryptodividends; need to discern viable, long-term use cases or die…
https://twitter.com/Andy_Hoffman_CG/status/952191516323098624
- Andy_Hoffman_CG
The way I view it, the most “elite” stock in the world is the Berkshire Hathaway “A” share – currently trading at $295,000/share, with a market capitalization of $450 billion. While I am in no way comparing its blue-chip stock portfolio to the nascent BRhodium cryptocurrency, I’m merely pointing out the fact that the psychology of what makes it so valuable, and cult-like, is identical to what BRhodium’s investor psychology could morph into - given a sufficient amount of time and a strong cryptocurrency market.
https://finance.yahoo.com/quote/BRK-A?p=BRK-A
There’s no way of knowing if this will indeed occur, of course – and for those receiving it for FREE, there’s no “cost” associated with finding out. To that end, I am in no way “pumping” or “shilling” for BRhodium – but instead, pointing out to fellow “BRod” holders that under the right set of circumstances, it could end up being the “Berkshire Hathaway of altcoins.”