The title’s just clickbait. I like both of them.
But for now, since everyone’s going batshit over IOTA, I’m going to talk about RaiBlocks. I believe that, within the next year, it will explode into the Top 25, at least. Maybe the Top 10.
RaiBlocks is a block-lattice structured coin (still blockchain, but organized differently) that’s very similar to direct acyclic graph (DAG) coins like IOTA. In other words, it offers the two things that bitcoin is currently failing at: scalability and zero transaction fees. IOTA does too, but RaiBlocks focuses more on being a currency while IOTA focuses on data, and no one really knows if IOTA can run without a coordinator. They will exist hand-in-hand, along with a number of other currencies, but IOTA — only worth 1/20th the market cap of BTC, already sits at the #4 spot in the rankings. IOTA took off. And so did RaiBlocks, a little. The difference is that RaiBlocks is currently sitting at #101. It has much more room for growth, and I believe — barring any security unforeseen security issues — it will scale.
Here are two exchanges you can use to buy RaiBlocks: BitGrail and Mercatox. I’ll run you through how I bought $10 worth on BitGrail.
Hopefully they’re both exchanges that you’ve never heard of. When RaiBlocks gets picked up by a bigger exchange (probably Binance or Bittrex), it’s value will likely skyrocket. People don’t like to use a lot of different exchanges, so they usually only stick to a couple. (Similarly, I could see IOTA getting picked up by Coinbase within the next year.) And a little birdie told me that’s going to happen this month, but that birdie might have been a hallucination.
Given all of the problems with blockchain-based cryptos, alternatives are getting a lot of attention. I love bitcoin, but it is wasting a lot of energy. Ethereum is getting clogged up by virtual cats right now.
If I’m wrong, I’ll never shill another altcoin that isn’t in the top 25 (and I think it is shilling if I own some RaiBlocks myself). I don’t think I’ll be wrong, though. I think this coin has serious potential, and I think — perhaps more importantly — that 1) the people who “missed out” on the rise of IOTA will cling to this as an investment, and 2) it will see a big boost when it becomes offered on a more reputable exchange.
Let’s talk about how you can go about buying some RaiBlocks.
First, buy BTC through your favorite exchange. I recommend GDAX so you can keep the fees low.
Next, go to BitGrail and sign up for an account.
After verifying your email and signing in, go back to the main page.
Click on “Markets.”
Scroll down to “Deposit BTC.”
Wait way too long for BTC to send while the value of RaiBlocks increases by ~$.10
Begin to rethink everything. Maybe you’re too late to this party, too. At least this article might help someone. Should probably wait until tomorrow, but what if the trend continues upward? A market cap of $86m is still tiny — even in the relatively small world of crypto. Who knows, really? The whole thing’s a shitshow.
Continue after your BTC transaction takes ~6 hours to go through.
Wait even longer for BitGrail to verify the transaction.
Finally place a buy. Go to “Markets” and fill out how much XRB you want at the corresponding BTC price, or just immediately fulfill a sell order.
Cross your fingers and hope the whole thing goes much faster next time.