Bitcoin Forum

I kind off wonder why we keep having some repetitions of already existing project, and the developers keep saying "oooh the existing project is not scalable" for example, some projects have been born because of low transaction per seconds of the ethereum network(TPS), which of course does cause serious problem for the overall network ecosystem. This ethereum developers have moved to try and arrest by the upgrade called "Constantinople".

The world have many areas that need the help of blockchain, for example the recently concluded election in Nigeria was filled with violence, killing, rigging and snatching of ballot  papers, together with mass voters apartheid in subsequent election. All these would have just been handled with the aid of blockchain voting, without fear of been hacked or hijacked. The sighted example and many more is just one area that really defines adoption. It's possible to create coin and during the election period, the government can be made to pay for the blockchain services by buying the ecosystem token, which is not a must.

The bottom-line is that: Instead of having many failed projects in this space, developers should come forth with strong and life application project and not to keep imitating other projects like we currently have a spray of exchanges with their tokens, the immediate gain of quick money should be kept aside and developers should try and bring up a feasible challenging problem, to solve many human yearnings.

There are many good projects that aim to help people. But there are also many projects to make money. This is how the world works.

The improvements matter alot. If for example ethereum developers refuse to accept an improvement for ethereum blockchain (for right or wrong reasons) you could simply fork Ethereum and make the changes yourself.. If the improvements actually solved the problem safely the forked blockchain could eventually overtake Ethereum in terms of price, value and transaction volume.

As regards election on blockchain, I have no doubt in my mind that it can be done. But hypocrites and crooks will never let that be .  They could end up creating their own form of blockchain when put under pressure - sort of a private blockchain and the elites/governments alone would control the nodes

This is what happens when greed sets in and we all want profits in any means
Even the forks lately have been shit coins as wel

We hunters or investors just need to keep our straight and focus on the real projects by good researches I

developer try to find excuse for creating their own ICO and make money.
Many (top) projects have their own advantage, but instead working together to create ultimate cryptocurrency, they keep away one from another and compete for brand, fame and money.
for majority shitcoin, their dev didn't think to make practical product, but easy money. And probably they don't have any idea how to make one

This world don't need another cryptocurrency, but more tech, practical product and improvement

New forks happen for increasing the scalability of transaction per second but creating a new project for exactly the same purpose doesn't suit these ideas in my opinion.

Learn to iterate the good ones you want and leave those ones you deem not useful to you but the truth is this blockchain and cryptocurrencies are tied to ICOs which are basically coming from different place with different developer looking to make their product superior man Is a market ground.  And seriously how do you think a country that have dozens of issues with card reader is able to develop blockchain for election Dude Cmon dont let Crypto twist your head and ego that way

and that can be categorized as a plagiarized such platform. EOS, NEO, TRON and many more are only creating a new platform that will try to solve the scalability problem in ethereum platform. that's only an example
so many plagiarized projects

it won't be fixed until people start changing their attitude towards altcoins.
so far everyone who has ever entered the altcoin world wants one thing and one thing only and that is to make a quick profit and exit.
the same thing is true in bitcoin too but at least in bitcoin these people are not everyone. there are still a great number of people who get into bitcoin because of what it offers as a decentralized currency.

so until people stop wanting pump and dump shitcoins that can give them 1000% profit in a couple of days, we won't see developers improve their skills because they are making a lot of money and that makes them lazy.

I think it's not just the work of developers to think differently but everyone in the crypto market, because it is now easy for one person to come up with a great idea and since it's a free market, we might have devs who can volunteer in developing the project and maybe even reward the member of the community who came up with the idea.

What you said is right and it's a challenge to every member of the the community to think outside the box and be able to come up with a great idea that will benefit all of us.

I agree but we can have the best of both world, we can have a project that the community can help and at the same time make money out of it, like Ethereum and Eos, both have contributed a lot to the community, but there are also projects that tried to to duplicate and surpass these two but they always failed.

There are varieties of variables that are responsible for the success of a project.
But the prime one is the project itself. Every investors wants to see the project they got involved be a success.
The next thing is to deliver the success as a profit to the investors.
And the team works as a mediator to balance between capital and profit.

For developers of bounty projects and ico right now should be smart in selecting products to choose and should have a new gimmick and its outcome should be fine. And they should be sure to be secured and earn bigger investors in when they invest in a new project and will definitely ico will earn big funds.

It's pretty simple, 'almost' everyone is after quick profits and many a project already have an exit strategy once they can be free from possible legal actions. Crowd funding is profitable, and it's very easy to get away after creating a half arse project with little or no originality or usefulness.

To your second paragraph, a couple of countries are experimenting with blockchain in electioneering processes and some are already practicing.

ICO is just a tool and token developers are just the employee of the company.
The success or failure of the project entirely depends on the team and the project.
The nature of coin, the platform it's hosted on or the exchange it's been listed on makes a negligible effect on the overall success of a project..\

We need to specify what kind of project that keeps coming up and so on. There some project that completely forked useless coins created for scamming. Also, there is a project that created because of some major improvement within the underlying technologies. The current situation of the cryptocurrencies development spaces forces developers to do a hard-fork or a soft-fork, So there is nothing wrong about it.

Although Bitcoin is indeed revolutionary technology, However, it is not some magic sprinkle things that all kind of spaces able to support. There is a thing that scales well with BItcoin, and some don't.

I agree with you that creating new projects based on old ones is stupid since each project is created to solve certain problems, but you need to understand that there are a lot of blockchain technology areas and you can find such a sphere if you wish.

This is actually one way that block chain can help a society but we have to also remember that a country that will rely on block chain for a kind of sensitive matter as election would have been highly tech to be able to utilize it maximally. I heard in the same election, card readers were malfunctioning, these are all tech issues.

Don’t expect developers to think differently
Either the project is an exchange or a platform or e-commerce

Every developer motives is an eventual profit

Why are there so many garbage projects, the only symbolic project still exists? That is because all 90% of existing projects on CMC are almost meaningless, garbage projects. Typically projects that follow bitcoin, they only create those projects for the purpose of making money. It is not useful for life, not a bit of application value.

Indeed there are a lot of useless projects, they not bring nothing good but only some people who are unlucky and lose their money if invested, i wish that the coins without any future die and after market will recover more if money coming back to bitcoin and top coins.

Very good post ,the only project I know that's already available on block chain that support voting at your home is still originalmy project ,its true that developers are just repeating projects over and over again ,I hope they will start thinking to use blockchain tech in the right directions,like schools ,telecoms ,colleges ,airports etc

but i think a lot project born in crypto world only for money
and maybe just a few project born to help this world getting better my friend
so, investors should be more careful  ;)

the number of useless projects is certainly high at the moment, but i think that will change over time. in a few years, we will certainly have a very different situation and there will be better blockchain projects. we are still at the beginning of spreading the blockchain and we should never forget that.

You are certainly right. There are only little projects that are genuine and knows exactly what to do and how to do it. Some are just repetition of what is already existing thus using it as an avenue to make money.

It is sickening. Incessant Proliferation of projects in cryptocurrency Market is making the whole ecosystem a joke. Developers have now seen the unregulated and decentralized crypto ecosystem as a fertile group for illegitimate cash

That’s one of the issues we have in this space, so many repeated projects and also many similar projects that’s why we have a lot of projects that are not functioning or have any impact. Now the pause we will move to is the one where mass adoption is needed therefore all bad and failed project will be discarded. This should what project owners are looking forward to.

That's why only potential projects keeps growing in value, because they have a good use case. Every now and then new projects keeps coming up, yet only a certain few delivers as promised, while others either don't list on exchange or just list and allow the project to die.

The truth of the matter is that such projects are only built in lies, a project with no working product promising scaling an already existing product whereas they don't even have a product that is at least working. I think investors should stop supporting projects that are not based of new ideas rather repeating what already is with far worse product.

There is enough good projects. But of course there cant be few 1000 of them as there is few 1000 of coins.  Maybe in few more years time or in a decade. Not in this shorts 7 years.

There are a lot of ways to make used of blockchain and crypto, so it's up to developer to seek the opportunity, unfortunately most of the developers only think of profit rather than usage and the other challenge is coming from the government and whales investors that going to dump after the coin being released, the challenge to make a coin successful is not that easy although you got a different and unique creation

I told ya all that if a woman starts participating in cryptocurrency, crypto space will really be filled with ideas and innovations. This is the first time i will actually be seeing a woman participate in this forum, and can you see how sensible her suggestion is, thank God i am not alone in this forum that feels the reason why crypto market is growing too slow is because we have too many repeated projects.

I do not see anyone coming out with a very much difference as majority of cryptos are geared towards providing a payment process and this makes it so ubiquitous and so many failed projects because they could not change the status quo or make a reasonable impact or difference. Investors therefore are no longer much interested about what the project serves or the technology it provides as long as it has the hype and potential of bringing a good roi

There are many projects which have similar goals. I wonder how projects having similar goals can survive in the market? Only the one equipped with enough financial and other resources can survive, and others are disappeared. And what is the point of launching the  project having the same goals with that of another project? Rather launch a project with unique features and goals and that make real changes in the lives of the people around the world.

Cryptocurrency is just one of the product of blockchain technology and there are so many things that the blockchain technology can solve, it is because of lack of idea that makes majority of them tends towards the direction of using it as payment processor alone, just because satoshi came out with one solution called bitcoin.

Developers really need to look deeper into the system and even if they have to create cryptocurrency, it should have an attachment with projects that is totally different in idea and function to other available ones in the market. That is one of the ways we can renew the relationship between ICO and investors back.

You are right about this, project developers really need to start thinking outside the box and come up with solutions to problem that is yet to be solved, majority of these developers are just doing copy and paste and building on projects that is already existing in the name of making it better, what assurance do they have that they can really do it better than the initiators.

This is exactly what is happening with the IEO now, someone came up with the idea already and instead of them to look for other solution t this ICO scam, and they are still building on what Binance has already solved but not enough to completely take scam projects off the market.

Crypto currency is presently at a cash out session
Where everyone is scam exit, dumping on investors and supposed Hacked too

So how should a new developer think ?

First, developers needs to stop thinking of value or doming and focus on the product they are presenting to the world, they need to make sure that the products gets delivered to the end users and create awareness that will bring about demands for such product.

 Why did they create cryptocurrency, is it not for it to be used internally in having access to the product they are producing? Most developers have failed in this regards as they all rely on investors to push the value of their project up and that is why their campaign is mostly all about investment and not the product features itself.

Yes, I think the same as you. The project will not be the same every year because the developer will have another reason to create a new project. But that will impact so many scam project, so you need to be careful to invest your money in the project. The project will transform into a better project, and it will be different than the project before.

Yes, every year will be a beginning for the project to release their idea to the public, and I am sure that they will want to help people with the project. Like what we already see now, many projects have changed their publicising the project, and now many of them have trying to release the project using the IEO programs in the exchanges.

You need to look for projects with a working team and a new idea. Something that is started from the ground up and intends to give an answer to the problems we have now. Things like scalability, the cost of transaction fees, the speeds of transaction ect. Take a look at the project i am involved with, that is designed from scratch and intends to solve all of these problems with new and fresh ideas.
If you like the idea of getting into something at the beginning that has a real chance of solving these problems, click on my sig to go to our discord and learn about us

Perhaps you see only one side medals.Developers work day and night to improve and create new products necessary for all.Yes, of course there are those who just makes easy money and deceives people,and does or remakes the work of others,but this is normal.It's Market.

Because there are really few developers here with original ideas, some of the ICO we have seen had plagiarized whitepaper, same team, fake team, and fake information, mostly done by freelance, if you have been investing in ICO in the last two years or very active in bounty hunting, you will see so many duplicate projects, it's like we are moving in a circle.

Truly developers should think differently because littering the Crypto space is not helping but developing projects that will have real life application and not just aim to make some fast money but rather few good ones that is here to stay

It will actually not going to work as I am sure, there will be a big entity that will going to handle the biggest hashrate on that blockchain, as a result, there will still be a manipulation of the votes that will going to be conducted. So, what if we attached the system to those who already established ones? It might be better.

Developers must think more advance because the most innovative project here can reach the moon, and if they are new in the market they are expected to deliver a good service. Don't just copy the other project, its not good and the money for that project is just a waste. I don't like a project that has the same function with other coins, its quiet double shitcoins.

It is actually right that developers should come with new ideas to provide better options on leveraging the blockchain techonlogy  into people's need. So many projects indeed offer the same idea and claim will solve the existing problemsI think it is only natural while the existing projects have not been able to solve the existing problems.  For example the issue of transaction speed, costs and security.

Any project designed to help people is connected with the real world. And here begins the difficulty. As long as people are not globally conscious and will not only care about their personal gain, the most wonderful projects will not be able to significantly help people.
It doesn't matter if it's a blockchain project for elections or exchanges.