*βAny darn fool can make something complex; it takes a genius to make something simple.β - Pete Seeger* There was a time BEFORE coinmarketcap.com, when just a few cryptos were out there. That time has gone. Coinmarketcap lists 2042 cryptocurrencies, at the time of writing. <center><a href="https://imgur.com/K6fc8mr"><img src="https://i.imgur.com/K6fc8mr.jpg" title="source: imgur.com" /></a></center> <h6><center>source: <a href="https://coinmarketcap.com">coinmarketcap.com</a></center></h6> Many of them have a whitepaper but fewer and fewer respect the KISS principle. This is an acronym for a very well known principle by the U.S. Navy in the '60s: *"Keep It Simple, Stupid"*. It means that systems tend to work best if kept simple, so that unnecessary complications must be avoided by all means. Now let's keep in mind that the Bitcoin whitepaper was 9 pages long. When you see a lengthy and complicated whitepaper, this should raise a flag. Chances are the complications are not needed or, at best, the team behind the project is trying to do too many things. These and other circumstances are widely examined in a Medium article, titled: "Complexity Theater" by Nathaniel Whittemore https://medium.com/@nlw/complexity-theater-3375a4bdafba Multiple implications, behind sound reasoning
author | marlon6 |
---|---|
permlink | the-kiss-principle-not-always-complexity-leads-to-deeper-meaning |
category | bitcoin |
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created | 2018-10-07 14:00:54 |
last_update | 2018-10-07 14:00:54 |
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voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
tshering-tamang | 0 | 120,321,113,373 | 100% | ||
billbutler | 0 | 485,806,234,797 | 100% | ||
dahaz159 | 0 | 111,423,635,458 | 100% | ||
kaylinart | 0 | 719,923,252,556 | 100% | ||
primus | 0 | 108,712,077,886 | 100% | ||
gomeravibz | 0 | 332,034,189,940 | 100% | ||
badassbarbie | 0 | 9,038,234,431 | 100% | ||
phusionphil | 0 | 1,758,206,799 | 100% | ||
brains | 0 | 118,325,275,439 | 100% | ||
senseye | 0 | 95,168,621,596 | 100% | ||
brimax | 0 | 97,215,132,933 | 100% | ||
steemsportsfund | 0 | 142,625,440,167 | 100% | ||
lotos | 0 | 179,659,953,894 | 100% | ||
ghostwriter | 0 | 16,864,620,526 | 100% | ||
zymer | 0 | 86,549,752,675 | 100% | ||
valth | 0 | 181,920,495,577 | 100% | ||
pivx | 0 | 83,682,518,334 | 100% | ||
maryfavour | 0 | 363,607,615,211 | 100% | ||
nolnocluap | 0 | 206,915,455,868 | 100% | ||
ozoo | 0 | 131,293,798,489 | 100% | ||
olsm | 0 | 334,969,140,906 | 100% | ||
anforo | 0 | 107,902,467,433 | 100% | ||
lex030 | 0 | 122,201,374,426 | 100% | ||
ccir105 | 0 | 2,848,845,205 | 25% | ||
andyluy | 0 | 145,123,878,706 | 100% | ||
indurkin | 0 | 107,226,614,652 | 100% | ||
frost04 | 0 | 96,282,564,124 | 100% | ||
abdulmanan | 0 | 195,715,782,546 | 100% | ||
sanjeevm | 0 | 89,402,190,519 | 100% | ||
honourmaus | 0 | 1,052,039,066 | 40% | ||
steps | 0 | 303,478,229,853 | 100% | ||
resiliencia | 0 | 362,570,400,483 | 100% | ||
robertking | 0 | 323,031,949,104 | 100% | ||
warjar | 0 | 395,618,804,544 | 100% | ||
metmuseum | 0 | 172,487,134,088 | 100% | ||
cron | 0 | 249,338,549,323 | 100% | ||
rockz | 0 | 275,409,130,898 | 100% | ||
cifer | 0 | 11,571,830,561 | 38% | ||
madmac | 0 | 4,924,587,838 | 100% | ||
marty-arts | 0 | 98,335,380,159 | 100% | ||
malekalmsaddi | 0 | 186,874,812,461 | 100% | ||
dong262514 | 0 | 263,046,736,466 | 100% | ||
melbookermusic | 0 | 96,004,862,092 | 100% | ||
nuclieus | 0 | 555,800,896 | 100% | ||
askquestion | 0 | 87,483,281,537 | 100% | ||
tipu | 0 | 17,249,516,799,798 | 43.64% | ||
buildawhale | 0 | 32,546,274,848,009 | 43.92% | ||
hairshares | 0 | 231,498,451,473 | 100% | ||
tomiscurious | 0 | 105,550,016,860 | 100% | ||
sniffbiff | 0 | 107,906,688,353 | 100% | ||
kusadasi | 0 | 207,874,203,318 | 100% | ||
angelol | 0 | 287,860,226,432 | 100% | ||
luxbet | 0 | 23,952,534,096 | 16% | ||
gogogadgetupvote | 0 | 98,541,976,085 | 100% | ||
sevenseals | 0 | 98,088,756,225 | 100% | ||
muhammadrizki96 | 0 | 166,745,428 | 10% | ||
afrin12 | 0 | 163,675,001 | 50% | ||
sailingtohappy | 0 | 82,420,156,725 | 100% | ||
nirgf | 0 | 8,287,556,708 | 100% | ||
vintherinvest | 0 | 190,588,362,535 | 100% | ||
generouswhale | 0 | 148,570,521 | 100% | ||
kassixo | 0 | 146,698,393,925 | 100% | ||
bestgift | 0 | 113,149,469,705 | 100% | ||
hery0823 | 0 | 2,249,387,114 | 50% | ||
tpot | 0 | 127,810,862,449 | 100% | ||
brianturner | 0 | 145,200,930,231 | 100% | ||
steemerturk | 0 | 117,488,019 | 30% | ||
ataturk | 0 | 93,700,513 | 30% | ||
jerseynash | 0 | 104,762,596,433 | 100% | ||
fortunex | 0 | 1,977,204,370 | 100% | ||
fiducia | 0 | 94,967,913,609 | 100% | ||
senseibabs | 0 | 375,166,172 | 100% | ||
carrioner | 0 | 98,159,323,979 | 100% | ||
youngbinlee | 0 | 272,979,542,239 | 100% | ||
everydaycoach | 0 | 162,710,277 | 0.26% | ||
pedrojunior | 0 | 138,697,903,337 | 100% | ||
gbd | 0 | 184,335,501,161 | 100% | ||
mirnasahara | 0 | 394,052,409 | 100% | ||
dynamicrypto | 0 | 43,420,035,929 | 53.47% | ||
widiaendah | 0 | 377,334,375 | 100% | ||
nv21089 | 0 | 97,962,482,921 | 100% | ||
lucentbritex | 0 | 87,711,447,329 | 100% | ||
liketimmy | 0 | 156,222,171 | 26.73% | ||
rodthrower18 | 0 | 181,015,682 | 42.77% | ||
sugardash | 0 | 101,142,246,315 | 100% | ||
ozlemkeskin | 0 | 234,739,499 | 50% | ||
bekirsolak | 0 | 232,074,321,395 | 100% | ||
cliffpower | 0 | 290,019,483,220 | 100% | ||
chukuibijenny | 0 | 163,719,329 | 50% | ||
nandaibra | 0 | 155,547,356 | 50% | ||
edy90 | 0 | 2,612,614,929 | 100% | ||
salihp | 0 | 233,175,408 | 50% | ||
hulyadurak | 0 | 233,177,493 | 50% | ||
haunting | 0 | 100,647,444 | 42.77% | ||
trsteemer | 0 | 60,150,827 | 35% | ||
thenextbeanthing | 0 | 14,741,346,099 | 5% | ||
atilay | 0 | 233,876,706 | 50% | ||
dreimaldad | 0 | 93,283,618,002 | 100% | ||
hendragunawan | 0 | 162,933,605 | 50% | ||
eoss | 0 | 316,820,906,348 | 100% | ||
belvajarandilla | 0 | 169,598,166 | 50% | ||
muammark013 | 0 | 249,012,365 | 50% | ||
dauntlesscoward | 0 | 229,810,934 | 50% | ||
solominer | 0 | 1,583,643,695 | 6% | ||
steem.services | 0 | 754,376,034,075 | 100% | ||
xglider | 0 | 111,981,658,109 | 100% | ||
akeenze13 | 0 | 111,223,986 | 26.73% | ||
hardaeborla | 0 | 2,136,721,280 | 50% | ||
celebritypoet | 0 | 221,912,728 | 50% | ||
lilihaovhan | 0 | 434,852,124 | 100% | ||
theresistance | 0 | 83,508,773,644 | 100% | ||
boomhello | 0 | 434,210,633 | 100% | ||
princezico | 0 | 177,366,510 | 50% | ||
foxesal | 0 | 78,589,265 | 26.73% | ||
footagecache | 0 | 434,213,328 | 100% | ||
soapmousse | 0 | 434,206,779 | 100% | ||
layersand | 0 | 434,316,740 | 100% | ||
fittree | 0 | 247,889,399 | 50% | ||
steem.moon | 0 | 227,148,408 | 53.47% | ||
pi100 | 0 | 311,494,359,208 | 100% | ||
nikolay.suhoruk | 0 | 434,994,788 | 100% | ||
tamarakanakova | 0 | 434,713,355 | 100% | ||
joinneutron | 0 | 435,155,356 | 100% | ||
grantdearg | 0 | 435,085,898 | 100% | ||
meatgooey | 0 | 435,146,245 | 100% | ||
loveforlove | 0 | 233,998,392 | 50% | ||
sumonflair | 0 | 234,521,686 | 50% | ||
golfingglug | 0 | 435,166,690 | 100% | ||
quadratour | 0 | 435,295,555 | 100% | ||
varvenickel | 0 | 434,800,133 | 100% | ||
superpromoter | 0 | 475,960,720,456 | 100% | ||
unlockrichard | 0 | 435,383,463 | 100% | ||
regretfulwooden | 0 | 435,361,299 | 100% | ||
trsteemian | 0 | 132,377,552 | 30% | ||
icomillionaire | 0 | 131,057,093,251 | 100% | ||
vyaduka | 0 | 255,937,220 | 2.19% | ||
rhettrites | 0 | 439,309,028 | 100% | ||
cratevisits | 0 | 435,667,289 | 100% | ||
caterernodes | 0 | 435,525,053 | 100% | ||
tillerthey | 0 | 435,901,666 | 100% | ||
ringbiceps | 0 | 435,708,864 | 100% | ||
steem.gulraiz | 0 | 228,111,096 | 53.47% | ||
drovosek | 0 | 534,817,005 | 100% | ||
ketibuzz | 0 | 273,456,041,618 | 100% | ||
gabomita | 0 | 522,570,996 | 100% | ||
denielharvi | 0 | 436,861,548 | 100% | ||
sergeyrevutskiy | 0 | 436,739,679 | 100% | ||
buildingpies | 0 | 417,413,877,024 | 100% | ||
rickdevorne | 0 | 557,502,075 | 100% | ||
nfc | 0 | 9,764,219,893 | 1% | ||
vivblaster | 0 | 545,027,459 | 100% | ||
argumento | 0 | 0 | 0.02% | ||
implorelot | 0 | 438,599,965 | 100% | ||
anatharl1982 | 0 | 438,462,073 | 100% | ||
networkriot | 0 | 438,611,943 | 100% | ||
instinctgelatin | 0 | 438,617,609 | 100% | ||
linksomething | 0 | 438,557,987 | 100% | ||
belliedas | 0 | 438,484,411 | 100% | ||
capsuledesk | 0 | 438,431,487 | 100% | ||
nadun1986 | 0 | 213,284,152 | 100% |
This is very true indeed. I agree with you on that. Many cryptos are cropping up every other time through the various ICOs and some appear to be very complicated. I wish they can emulate from the mother of all coins "Bitcoin" to keep it simple and very intutive. There is a brand new simple project that i believe is observing the kiss principle. This project is called Digitex bitcoin futures Exchange. I have been making research and study about and have published several blogs about it as they are evidenced on my blog. My current topic shows how valuable the DGTX token is and something that is worth your investment. For details here is the link to it: https://steemit.com/digitex/@yohan2on/kbmzqdx-digtex-futures-is-dgtx-worth-your-investment Otherwise thanks so much @marlon6 for sharing. I will check out that link to that article on medium for details to the subject matter you are addressing.
author | yohan2on |
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permlink | re-marlon6-the-kiss-principle-not-always-complexity-leads-to-deeper-meaning-20181009t000556636z |
category | bitcoin |
json_metadata | {"tags":["bitcoin"],"users":["marlon6"],"links":["https://steemit.com/digitex/@yohan2on/kbmzqdx-digtex-futures-is-dgtx-worth-your-investment"],"app":"steemit/0.1"} |
created | 2018-10-09 00:08:09 |
last_update | 2018-10-09 00:08:09 |
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root_title | "The KISS principle - Not always complexity leads to deeper meaning" |
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voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
marlon6 | 0 | 9,028,418,015 | 30% |
thank you @yohan2on for your comment, I didn't know about Digitex and will surely go and read something on your blog. I see you are a regular blogger on steemit. I aim to become that too
author | marlon6 |
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permlink | re-yohan2on-re-marlon6-the-kiss-principle-not-always-complexity-leads-to-deeper-meaning-20181009t092318460z |
category | bitcoin |
json_metadata | {"tags":["bitcoin"],"users":["yohan2on"],"app":"steemit/0.1"} |
created | 2018-10-09 09:23:15 |
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