There's a guy in work who dabbles in alt coins quite a bit and he is always looking for the next big coin. He told me about Chillz back in the day which made massive gains for us albeit after we sold some off. But he always has his finger on the pulse. He wouldn't be the type to jump in at every opportunity. He is more of a waiting and strikes at the right moment. He gave me a token a couple of months ago called Bitbank which took off before I got in and he made a couple of grand if not more off fairly low stakes. So he came to me the other day around another moon coin. In this case it is QUBIC. So this token is so new it hasn't even a whitepaper yet so if you get in over the next couple of weeks then it is safe to say you are in early. At the moment it is on only 2 exchanges. The buggy Safetrade and the one I went to called TradeOgre which was all fairly easy to buy it on. I sent Litecoin to there and converted into USDT and purchased it in no time at all.
Founded by Sergey Ivancheglo who is of IOTA and NXT fame. QUBIC uses a proof of work system that leverages mining capabilities for AI training. This keeps costs down as regards mining. It is powered by 676 computers and in order to reach quorum (get agreement) , 451 computers must get the same result. Transfers are feeless although contracts do incur a relatively small fee. I kind of operates like Hives witnesses . Any computer not performing drops down from the top 676 computers. Witnesses in this case are called candidates on QUBIC.
The Proof of Work described by QUBIC is different from traditional Proof of Work systems because it contributes to AI training which in turn ensures that no energy is wasted. No operating system is needed to use QUBIC and it is written in C++ which means QUBIC offers sub second finality which means transactions are instantaneous.
Instead of releasing a whitepaper the developers will publish upon completion which is good in my opinion because you won't have the negative nellies saying that they diverted from the whitepaper. A good idea in my opinion.
Anyway enough of the boring stuff. Let us check out the price of this baby.
So at the moment it has gone from .0000005500 up to 0.000006632 in 24 hours so it is getting noticed. Now this is not a token that is going to go to 10 cent or anything as is their massive token supply but I go reckon you can still 100X without even hitting anywhere near a cent. More exchanges are going to launching it soon . I put $100 in myself to see how I go. I will forget about it and come back this time next year to see how I get on. If it blows up it blows up and I will have to draft 10 posts on Hive to get my initial investment back. Let us see how we get on . Some mistakes I made when trying to buy Qubic was downloading the Qubic wallet which has nothing to do with this token so be careful. Let us see how this one runs.
