Bitcoin Forum

 Some time ago I invested in cryptos that are not a digital cash as their main funtion, but they are mostly app building, smart contracts blockchains.
Im talking here about stuff like FCT, ETH, Lisk.

So we got like more companies using their blockchain technology, more contracts, they are getting more popular.
But I was wondering what actually gives them value?

Let's take a look at Ripple. Does the fact that some huge banks will use it change anything? I think it still has no value for ordinary people.
If some huge company, like for example Twitter is going to start using NEM blockchain, price of XEM will go astronomically high. But it changes anything? Twitter won't be using XEM coins anyhow.(I know it's kind of different example but you get the point)


So coins like this hold any value for us? I think the most of the price is made by single small investors, traders, and not by companies implementing mentioned blockchains or building contracts. Do we buy them just only for speculation or long term investment?

 I wanted to know what you think about this guys.
 I know that I might be missing something so share your thoughts.

I am also curious about these coins which are asset based if my term is correct. Or should I say were used as tokens as rewards for investing on crowdfunding. Not unless it is entitled for dividends like VSlice tokens. And if no dividends what are its actual uses. Some tokens have some uses but unnecessary. Some platforms may have good potential but tokens are sometimes unnecessary. I'm a noob actually when it comes to detailed crypto. I just trade and usually using short term tp.

Tokens are easier to develop on ETH like cryptos and many companies want to get good amount of seed fund from crowdfunding so they try to offer this tokens as share to their company/project. This tokens also enables them to have proper record about their investors and they can also distribute profit through this token more efficiently than with any other methods.

Bitcoin isn't that of a great currency either if you think about it. People and parties that accept it as payment regularly are likely to be converting it to FIAT cash because bitcoin's volatility doesn't make it that of a good tool when it comes to exchanging it for products. Other than that, the fact that trasnactions are not even close to instant and also quite expensive makes it far from ideal for use as a currency other than a value transfer protocol. Cash exceeds at small, fast transactions something bitcoin can't do.

The fact that certain cryptos are putting more effort of the underlying protocol's side isn't that bad of an idea and gives the monetary token of said crypto more value as more users partake in the network.

For example, on ETH it is convenient to deploy your contract.

It's also very convenient for casual monetary transactions, with its confirmation times taking less than a minute for transactions and fees being low.

This is gonna be the year of the alts. Bitcoin is becoming slower and more expensive. What more can it offer than cheaper and faster alts? 

Bitcoin's volatility isn't inherent in the system, it's just caused by low liquidity in the exchanges.  It could suddenly cease to be volatile tomorrow for all we know.  Other cryptocurrencies are even less stable unless they're centralised like USDT.

Value is what a person is willing to pay for something.  Technically in the sense of the old gold standard system, even USD FIAT has no value. Cryptos that act as a spending medium between a company/app and the clients make a choice early on that there are either going to be a worthless token, only to be used in the context of that app of business, or as a middleman spending unit between hard currency and that company.

If there was never a way to purchase a token from day one, and the acquisition of them was easy, then they will have at most a single day of value if ever sold and then will be destroyed by the massive dump that occurs when they hit the markets.

Belief.
Just like money.. paper cash / fiat etc.

Difference being is FIAT is insured and regulated and backed by govt's.
If the US dollar fails a centralized entity will employee quantitative easing or dish out bail-out packages etc.

What you have here is bordering on illegal pyramid scheme "tokens"
Designed to mimic and regulate a "Stock Market" item etc.

Problem is these are not "companies" and if they are ?
Then they violate the principles of FIAT we all preach.
The idealism gets pissed on.
Further more they are not regulated.. stocks in the stock market are.

Martha Stewart ..an old lady who baked pies on TV was put in jail for "Insider Trading"
In crypto ?
Mark Kraples walks with many millions..
Free to keep stealing as much as his cold heart desires.

That is my biggest problem with ICO bullshit.. a total lack of regulation or accountability etc.

If you support them you are pissing on the ideology and doing it for dollars.
You are playing a crooked scammy rigged game for chump change as the rich gets richer.
How much did Ethereum make you ?
Butters cashed out 1 million dollars worth and has a few more million ready to dump.
What has ETH accomplished ?

You made $200

He made.. $4,000,400,00

Made possible by little chucklefucks clutching BTC looking to invest in ICO company digital fuel token COINS