Alts real world usage?

[very_452001]

Before I ask the question there a few questions below that needs clarifying:

- Can some Assets be mined like Currencies and if so can they be pre-mined?
- Do some Assets have a total supply like some Currencies?
- What are the differences between assets and currencies?

Ok coming on to the main question of this thread is that I recently heard that AntShares have teamed up with Microsoft hence AntShares prices going to the moon. So as a beginner I assume microsoft is using Antshares (real world usage). How is Microsoft is using Antshares? Is it for xbox live payment system replacing xbox live points? Im on the official microsoft website and cannot see any mention of AntShares.

And another I heard is Ripple for Banks. How do Banks use Ripple when the very purpose of Crypto's Alts is to defeat and take over the banks Im not understanding.

So the main question is how these so called real world usage Alts be actually be used by so and so companies? And if we do hear that an Alt is being used by one of the top 100 companies then how does the investor verify this if there is no mention of this on the official company website? And also how does the investor know if the company usage of alts is long term or short term contract?

Finally these top 100 companies can surely can come up with their own coin/asset like google for example can make googlecoin so why these single companies that have market caps bigger than Cyptos combined turn to Alts?

[findingthemoon]

Before I ask the question there a few questions below that needs clarifying:

- Can some Assets be mined like Currencies and if so can they be pre-mined?
- Do some Assets have a total supply like some Currencies?
- What are the differences between assets and currencies?

Ok coming on to the main question of this thread is that I recently heard that AntShares have teamed up with Microsoft hence AntShares prices going to the moon. So as a beginner I assume microsoft is using Antshares (real world usage). How is Microsoft is using Antshares? Is it for xbox live payment system replacing xbox live points? Im on the official microsoft website and cannot see any mention of AntShares.

And another I heard is Ripple for Banks. How do Banks use Ripple when the very purpose of Crypto's Alts is to defeat and take over the banks Im not understanding.

So the main question is how these so called real world usage Alts be actually be used by so and so companies? And if we do hear that an Alt is being used by one of the top 100 companies then how does the investor verify this if there is no mention of this on the official company website? And also how does the investor know if the company usage of alts is long term or short term contract?

Finally these top 100 companies can surely can come up with their own coin/asset like google for example can make googlecoin so why these single companies that have market caps bigger than Cyptos combined turn to Alts?

Alts are either coins or tokens, tokens are fully premined while coins can be partially or fully premined. They can be designed anyway the developper wants, with a fixed supply, decreasing supply or increasing one.

I didn't follow the news that made Antshares pump but without looking at it I'm skeptical about them teaming up because every project seems to announce partnerships that are based on little more than a couple phone calls.

Ripple is considered many to just be a centralized currency and I'm also skeptical on how much the banks are really using it. As for the purpose of cryptos they enable you to have your own wallet thus removing the need for a bank account but they aren't specifically designed to destroy them and in fact many banks are very supportive of bitcoin and alts.

As for how to verify if what they are saying is true, there is no easy way short of an announcement on said companies website but usually their communities get built on a level of trust between the holders and the developpers. Again there is no way to know how short or long such a partnership will be.

[HardFireMiner]

They all make up different stories on working with LEADER companies of the world, in reality, they don't work together, they are researched and after that those companies create their own blockchains and use them for different purposes.

Real world usage for alts - sell to BTC and enjoy BTC as it is accepted by tons of shops.
There are some interesting coins that have real life usage, like Siacoin, but I don't know if they will ever succeed, interesting projects, for now.

Later Edit: All tokens offered via ICO's are scam! Stay away!

[very_452001]

On coinmarketcap site it lists assets and coins. So assets are also known as tokens correct?

If tokens are fully pre-mined then the only way to obtain them is buying them yeah?

So a couple of phone calls creates speculation that can cause millions of investors money pouring into it pumping up the price? But no official announcement of a alt usage at all.

For example if I was a creator of a Alt and just tweeted one company word either Apple, Microsoft, Google, Facebook etc. then I can increase my market cap in $millions in seconds?

Which banks are crypto friendly as most of them are against it.

Yeah heard of Sia using data storage cloud technology or whatever it is using. Isn't everything online is on a cloud/server anyway so whats so special about Sia and how can top 100 companies use this Alt when most companies are centralised that go against the decentralised freedom rights.

[riskthebiscuit]

I am not sure on your first question about assets and tokens as I am fairly new myself. However I believe I can answer the next two. Yes there is a lot of speculation going around with alts, and that is why due to news or developments the price jumps or down like crazy. It isnt like stocks where the price is pretty stagnant and may jump. If news, rumours, or development happen something does happen to price significantly imo.

Your last question I can answer best. Yes companies like Apple, Google, Microsoft etc use the cloud tech but what they do not do is have it be decentralized. Essentially what this means is that

1) No one person or entity can access your documents (they are encrypted and spread out through several hundreds if not 000s of computers and devices)

2) As a result cannot use the data from the information on the cloud to either make ads, or resell the data to another company who would make ads or resell it again.

Basically it is much more secure in the sense that if Microsoft cloud server gets hacked, you may lose your data. But now with SIA, STORJ, and MAID it is not possible as the data is basically in 000s of pieces across 000s of computers. GL hacking that I say!

Hope this clarifies some stuff, shoot some more questions if you like Ill see if I can answer some more. Cheers

[very_452001]

Ok I also heard Ethereum have real world usage such as smart contracts.

Can someone elaborate on what it means to have smart contracts? What is a smart contract and who uses such contracts as these?

[riskthebiscuit]

Smart contracts are computer protocols intended to facilitate, verify, or enforce the negotiation or performance of a contract.--googled defintion

for ex. ICOs use smart contracts to facilitate their terms and conditions.

I can not elaborate indepth as I do not know the code or tech behind it. I just know its a fancy word for contract that computers take care of.

As you may or may not have noticed, recently a lot of ICOs are using Ethereum as their choice of payment method and making ERC20 tokens. If I understand correctly, this is what enables them to use the smart contracts.

[HardFireMiner]

Ok I also heard Ethereum have real world usage such as smart contracts.

Can someone elaborate on what it means to have smart contracts? What is a smart contract and who uses such contracts as these?

Smart contract = You lock X amount of ETH for developing something until it succeeds ... or NOT, mostly not.
Not 1 till this day succeeded.

[MedaR]

Real life usage depends on adaptation, BTC as pioneer in this has most of popularity but i'm expecting that at least top 10 will be added wherever BTC is acceptable. And more some tokens and coins have different kind of funcionality so they will find their users, providing those services. Micropayments, salaries for online work, investment fonds..This is much more cheaper, and requires less processing via tokens than regular ways..

[stomachgrowls]

Real life usage depends on adaptation, BTC as pioneer in this has most of popularity but i'm expecting that at least top 10 will be added wherever BTC is acceptable. And more some tokens and coins have different kind of funcionality so they will find their users, providing those services. Micropayments, salaries for online work, investment fonds..This is much more cheaper, and requires less processing via tokens than regular ways..

It would really nice to see if there are alternatives rather than on bitcoin only but mostly will surely say why other alternative if bitcoin can handle those services already? They will surely stick into one but in my own opinion its really nice to have other options because they do really have some difference on their features. On this thing we would see those coins who have usage and those who dont have.

[buneskiti]

A lot of companies interested in the technology are assisting in development by either funding or providing grounds for testing with the hope it can be implemented to save costs.

Truth is 99% of alts have no adoption or real world usage. A lot of the money in crypto is purely speculative and people backing the horse they think will reach adoption first, which is why $BTC has the most value

[very_452001]

Ok apart from the alts mentioned in this thread so far is there any other Alts that deserves to be mentioned in this thread that has real world usage?

[MedaR]

Ok apart from the alts mentioned in this thread so far is there any other Alts that deserves to be mentioned in this thread that has real world usage?

How to define real usage? Some of well known coins are used at the darknet, and you can find lot of evidences..List of stores and merchants all over the world who accepting Bitcoin and few alts as well, can be easely found if you google it.
http://bitroadmarket.com/en/
http://drapis.com/
https://www.cheapair.com/?jsr=()
Those are only few, but  list is very long..Those are for LTC, Cloak..
Every usage is real usage, do you want to buy some goods here? Yes you can pay it with different currencies, check Services, Goods.
But for top 100 companies i don't know, probably they will create its own Blockchains and tokens..They know they can avoid banks this way, and save big money lost in transactions..

[very_452001]

Any Alt that can be used in the real world apart from the obvious using it a spendable currency as we already have bitcoin for spending/shopping.

Out of the 700-800 Alts below bitcoin which of them are not useless? All 700-800 Alts cannot each be unique to other alts unless there is 700-800 different types of usages for Alts to take advantage of.

Sooner or later the 700-800 Alts will be no more and only less than 10 will only survive when real world usages kicks in to filter out the useless ones.

Ok moving onto something different now which I will discuss is real world usage in future. Currently it is understood that Quantum Computing and Cloud Computing will be the future of computing.

Out of the 700-800 Alts including bitcoin which of them can survive Quantum computing and Cloud computing? Also which is compatible with Quantum and Cloud Computing?

[GoldKeyInvestments]

My current concern with SIA is that the cloud computing space will be disrupted in the next decade with the introduction of quantum computing. Any cloud storage solution would then use quantum computers. Just research what IBM or Google is doing in this space. We are talking about computers that are 1000 more powerful than what is currently on the market.

I  also think StORJ has more business sense than SIA. That being said I commend both companies as they appear to be honest with real world products which is difficult to find in this space.

[Pamadar]

My current concern with SIA is that the cloud computing space will be disrupted in the next decade with the introduction of quantum computing. Any cloud storage solution would then use quantum computers. Just research what IBM or Google is doing in this space. We are talking about computers that are 1000 more powerful than what is currently on the market.

I  also think StORJ has more business sense than SIA. That being said I commend both companies as they appear to be honest with real world products which is difficult to find in this space.

good catch mate, quantum computing would be the next big thing inside crypto industry, as you mention sc might got some problem after this but the market of its own will surely survive even competition is all over they might find other way to stay competitive and I do think that it will survive and make its run.

[JasonXG]

There more and more coons everyday and Devs are realizing they need to start offering something more then just something to trade. Some of the better coins, some of many 5hst dont get the attention they deserved and are undervalued because of greedy get rich over night seekers.

Things should slowly start becoming better in the months/years to come.