Bitcoin Forum

This new digital currency model will destroy cryptocurrencies market

The new digital currency model is the 3 factors.
Demo at https://emeraldsgo.com/

Some very high level entities have backed it.
It is still at the early stage of development.

But I think it is going to destroy the cryptocurrencies market in near future.

Do you think so ?

I am not impressed by that. Cryptocurrency has great importance on International level and many big authorities have collaborated with the cryptocurrency project CEO and CEOs are working smoothly with the partners and there are thousands of exchanges which are present in the market to serve to the traders abd investors and cryptocurrency is top of of the currency in that age and it will be more famous in future and ni new thing can replace that because all new thing have to make position in the market and that is not easy for that.Cryptocurrency will change the world in future and there are millions of people which are enrolling in cryptocurrency and they are taking courses and they are understanding the market conditions and big businessmans invested their money in cryptocurrency for long term.

Cryptocurrency is still new, and it is also a digital currency. You should know why cryptocurrency is existing today, it is because of bitcoin and its decentralized nature. Bitcoin potentials made it to grow in value and other dev duplicated bitcoin to create their own coin. These is how a lot of altcoins were created and many of them didn't survive only few did.

Your new digital currency that you are talking about, if it doesn't have any problem that it is solving, nobody will adopt it. If it is centralized, forget it because it can easily be manipulated which is what makes bitcoin unique from the rest currency.

I know there will be something later to replace cryptocurrency, but not this soon. Cryptocurrency has not even entered full maturity; it is still struggling for acceptance, and you are talking about a new digital currency destroying the cryptocurrency market?

The only way it is beating cryptocurrency is if people accept it first before cryptocurrency, but so far, that does not look like happening anytime soon.

I will keep an eye on the project though.

I don't think so, and for you to say that why do you think it's going to destroy crypto currency markets in the near future as said.so then talking about this new digital currency I'm not sure of it destroying the crypto markets because Bitcoin if you're looking at the decentralized nature of it, it has really skyrocket so many curencies and it's adoption have created a trust that it'll do better in the future but then having another digital currency so soon I'll say  the cryptocurrency will still stay amidst all that and  even if there's a rise of New currency it won't stop the crypto community from widespreading.

I've heard a lot of it since I was new to crypto. There have been projects that thought the same of targeting the crypto market and blockchain saying that they're the killers of it. But right now, where are they? I even forgotten their names and the projects that have tried to kick out these two but they did nothing.

If that's what you think, let's see. But IMHO, many I have seen already these models and projects that tried to dethrone blockchain and crypto. While they're at an early stage, for now, let's see if that's going to work. Otherwise, this is another buzz project that are making people gullible that it's doable.

Would be very hard for a newcomer to compete with the current crypto market. Many will claim to be the best, but we all know where they will end up with. Most of them will be abandoned after few months of launching or else, once the dev team pocketed some money, they will disappear without warning.
Even if we say top or known personalities are behind on this, we can't guarantee if the public will patronize such project.

That's what will happen to them most likely. So, based on all of those that I have seen, they're proclaiming as if everything is going to be easy and they'll dethrone crypto too easily. I wasn't skeptical at that moment because I was still young in the market and naive and thought that they were really amazing with all of the words and proposals that I'd read from them. But my mistake there was that I didn't do that much research and that made me a gullible guy on them. So, the lesson there is to always apply what we're advising people to do and that's to DYOR. It's really going to save a lot of trouble from those projects or technologies that might convince us that it will be able to kick out crypto and blockchain.

Personally, I don't think it's easy to destroy or replace cryptocurrencies. Because as far as I know, currently crypto currency is the best digital currency. A big example is bitcoin, with its decentralized nature and also its ever-soaring market price, which will continue to attract many people to buy bitcoin. Apart from that, bitcoin has also been legalized as currency in El Salvador, this is clear proof that cryptocurrencies like bitcoin have advantages, so that a country can really trust it to be used as currency in its country. Therefore, I personally think it will be very difficult for other digital currencies to beat cryptocurrencies. Because in essence, cryptocurrencies can currently be said to be a very big trend, and apart from that, cryptocurrencies also have very complex uses. And don't forget that the cryptocurrency community is also huge right now. So in conclusion, I personally am not sure that currently there is another digital currency that can beat cryptocurrency, even in the next 10 years I am sure there will still be no digital currency that can beat cryptocurrency. So I think your assumption is a little inaccurate on this matter.

Though centralized digital currencies like on the OP do bring advantages such as more regulatory oversight and ease of transactions, they have much limitations regarding privacy and decentralization. That's generally why cryptocurrencies like Bitcoin enjoy such popularity, they really work entirely outside of any governmental and institutional controls. This could be extremely important for users that search for anonymity and control over their assets, especially in countries where strict regulations have been imposed on them.

Besides, the crypto market is in continuous development, including innovative solutions such as modular blockchains and Layer 2 scaling, which further enhance the efficiency and scalability of decentralized systems. These are helping cryptocurrencies adapt to challenges and even expand their usage. Given that fact, though digital currencies might supplement certain needs, cryptocurrencies also will not disappear in a flash but keep on developing so that in the future, they will still play their role in the financial landscape.

I don't see anything special on the coin that you are shilling, you posted this without elaborating anything Checking on the platform, I saw this claim.

After over ten years of the Cryptocurrency industry, the community have seen anything and if a project is shilling this way 100%, it always ends as a shitcoin, Remember only shitcoins are being shilled.
Are you part of the team? It seems the way you shill this project, your team made a bad decision making you their marketer when there is a lot of negative feedbacks on your profile.

I think you better change your way, its not yet too late to be a better person and a good member of this community.

Nothing of such has existed or in the process of coming to existence now to fight the bitcoin that has long existed backing all other cryptocurrencies. Even if there is something to overpower other currencies, bitcoin cannot be in that category because of the consensus on which it was built on. I have strong believe on bitcoin and its existence not coming to see any major competition that will outshine it soon in the market. It’s just too practical to see that happening.

           -  It is a great idea to have stone, Emerald and dust. but it is far from your thoughts.
Cryptocurrency works very different on this and this EmeraldsGo is just a good addition to the world of crypto and not a threat.
it is another mile of support to the community.

I really like the idea of breaking the stones to earn Emeralds and some dust.

You didn't see the total market capitalization of cryptocurrency? then you think about it will be easily replaced on what you are pointing?.

Before that to happen I guess you need major controversy that can destroy the reputation of the whole ecosystem and governments will impose total ban for its usage. But this is most likely not gonna happen and its like the growth of cryptocurrency is more growing.

And if that what you have mentioned will not perform well then provably the same with other schemes or claim by some people this incident you have mentioned might not gonna happen.

But there's really a possibility that crypto might collapsed but the chance for this to happen is so slim.

I don't think this model will necessarily destroy the cryptocurrency market. Cryptocurrencies are well-established with strong communities and decentralized use cases that give them resilience. However, if this new model introduces significant improvements like enhanced scalability, security, or accessibility it could indeed disrupt parts of the market and lead to some interesting shifts.

It's great to see high-level backing, but widespread adoption and real-world utility are what ultimately decide long-term success.

I don't know what it is you're trying to do. Maybe you're trying to advertise this or not, but whatever it is, this is whack. I read through the link you posted and I couldn't find anything captivating. If that is a sales pitch, it's a damn horrible one.
It looks like a pure scam because why is a company that is creating something revolutionary not able to have a professional email? How are they using "@gmail.com? This is some bs.

Let's even assume they're not bs, nothing in what I read looks better than altcoins not to talk of Bitcoin. A whole lot of altcoins are better than that. For something that will allegedly destroy the crypto market, it has to be so much more than that.
And what's that bit about returning your currency if it was stolen? How does that even make sense to anyone? So if your device gets stolen or hacked and it was your fault, you'll receive your currency back in full? How exactly does that make sense? 

Can't wait for Bitcoin death #n. Big entities backing it? With what? Money they'll pull out of Bitcoin? Debt they're accruing on a trajectory they couldn't imagine ten years ago?

Any cryptocurrency that can be destroyed by a child's fantasy model probably deserves to. I'm afraid you'll be disappointed this can't even take down dogecoin.

I totally agree with this and it is certain that most of those who are not ready (shitcoins) will become a serious cancer in the development of the digital currency world.

Many people will suffer and lose due to their irresponsible bad behavior of letting coins/tokens be abandoned to die or get delisted from the exchange. Of course, this will also continue to give birth to endless bad sentiment/views for the development of crypto-based digital currencies.

I checked the said model and TBH I'm not impressed with it. The write-ups are not professional and its mechanics sounds like a play to earn game only, and we all know what happens to the most of them, right? That's right. They only died eventually after their release.

So, what you said there is right that this model won't destroy the crypto or its market. I'm not even sure if there are truly new model that will be better than them. If in case there are who have a new use case, I still think that cryptos are still going to be relevant, though the demand for them might only get lessened.

They only said that they have a high-level backer but they didn't named them, so how can we confirm it if it's true?

I don't know dude aru trying to convince everyone here to that new site "This new digital currency model will destroy cryptocurrencies market" what is emeraldgo at the first place.

Crypto always has blockchain trilemma ever heard about it "The blockchain trilemma refers to the challenge of achieving three critical aspects of blockchain technology: security, scalability, and decentralization. The trilemma suggests that optimizing one aspect often compromises the others, making it difficult to achieve all three simultaneously." https://www.coinbase.com/learn/crypto-glossary/what-is-the-blockchain-trilemma#

I read the website in the link you provided and I didn’t see anything extraordinary. It is just another shitcoin which doesn’t have any chance against bitcoin and other established alts. It will die even before it makes its release. The market is totally fed up with the shitcoin crap and this is not going to be any different.

Bitcoin might have its shortcomings but there are good alts to fix these problems already and this coin you gave link to isn’t going to be one of them.

Wow, another Bitcoin killer has appeared ) It's funny to look at the duel that will never start. Yes, Bitcoin has already become a tool that people around the world use. Definitely, blockchain technology has a place to be in the current reality and it is difficult to replace it with something. Today, there is nothing like this. Therefore, this is another horror story that is about to become overgrown with a conspiracy theory against the crypto direction. Wait! It seems we have already been through this ... ))

Not going to happen. I understand shilling and spamming is a way of marketing in the crypto world, but just because this type of marketing exists doesn't mean people will like this marketing. Not only you will not gain anything positive about it, but also you are going to write about it on some high ranked website on google, meaning if you keep doing this, whenever that name is written, google will eventually show this forum, where people will say how this is a shitcoin and basically a clear scam.

Do you want that to happen* If you do not want your shilled coin or token or whatever this shitcoin is, to be presented as a scam to everyone, then I would suggest stop spamming it everywhere and do something better for it.

This is being done to bring Bitcoin down, but such cheap and bad things will not bring Bitcoin down.  Although Bitcoin is expensive, it now looks like it cost a child's lunch when it first started.  But at that time things like these did not take him seriously.  Which is why Bitcoin is thriving today.Bitcoin has never been as big or as valuable as it has been.  Although many companies have traded on it.  But there are local companies who are creating bad and fake stuff and are depressing crypto and its demand.  So that people pay less attention to it and can't even earn money from it.

even the name is fishy, any currency that derive its name from some existing stuff will not do well, back then it was gold, now it's emerald, but truth is, these coin not gonna put a dent toward bitcoin market.
last time I checked the website, it gives me connection time out error, speaks a lot about a coin that's supposed to destroy cryptocurrencies market ;D.

we will talk about this digital currency destroying cryptocurrencies market when OP, or whoever the creator is, can afford better hosting service ;D.

When I read the title, I thought you were going to reveal something new and revolutionary, completely different from everything before, but when I read a little about your promoted digital currency, I saw nothing but a new and worthless currency.

I don't know what makes your promoted digital currency different from everything before? And why do you think it will destroy the cryptocurrency market? This is just nonsense.

We have heard this kind of exaggerated promotion like "it will lead the global financial revolution, and bring peace and happiness to all" many times before, and the truth is that it is just empty talk for media promotion that has no basis in reality.