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Author Topic: Some things will never work in crypto world  (Read 445 times)
sambuddha
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November 01, 2020, 01:27:50 PM
 #41

I remember a AI project that said there will be robots serving as a bartenders, c'mon how is this even possible? I knew big companies that are into robots ai but they have zero interest in blockchain for now, every AI crypto projects are bunch of liars that have nothing to do with Artificial intelligence, we need to look very well before leaping
The belief that AI can be realized is harmful. If the power of technology is overestimated and human skills are underestimated, the result will in many cases be that we replace something that works well with something that is inferior. Cool
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November 01, 2020, 01:37:56 PM
 #42

The only thing that crypto is useful for is payment transactions, mining, finance, etc not some advanced robotics competition, it's never going to work to begin with, I'm not saying AI is not good but it's not a must to exist in crypto space

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November 01, 2020, 01:48:55 PM
 #43

I think this is where some project developers fail, they are unable to recognise the type of niche that really need to be toknenize, just like what the op have said, not all field can work in blockchain as of now,  A I is a very complicated field that will not be easy to toknenize, it is better to choose what work and what people can benefit from not dream that is not achievable.

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November 01, 2020, 04:52:25 PM
 #44

VR is a good market with still a lot of market to expand. Most of the project asking ICO funds for VR technology were scam don't mean any project won't work. AI on the other hand is a much more complex business and is not an independent business of it's own. AI is a side research for other established technology. Though blockchain technology would be much more useful on mastering and using AI technology. Blockchain technology would be useful for almost every tech and information based business but it doesn't mean they need to have a crypto for every of them.

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November 01, 2020, 07:01:13 PM
 #45

There are much more stuff in the crypto world that looks like it could be used and you could technically implement it if you want to but will not work because the sector is not ready for changes like that.

For example, scouting in sports world tried to have many blockchain projects and in the end none of them works because in order for it to work you do not have to only convince investors and users but you also have to get interest from scouts all around the world as well.

Is the idea itself bad? Of course it is not, you have a blockchain and try to put every single player in there from young ages to veteran retiring age, every player in one blockchain, that is a good idea, but who will do that? That is the hard part. So, not even things that could technically happen could be loved and used.

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November 01, 2020, 07:04:23 PM
 #46

I do agree with your point, Crypto is technology dominate and if the idea is not around finance I believe the project will find it had to survive, just look at all those projects in 2017/2018 promising all these fancy idea, most are dead in the water. Augmented reality was hyped then, the project is dead now. I thin some of them just come for the money, once the raise their money through ICO, they move on to something else. So be careful what you invest into


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November 01, 2020, 07:13:06 PM
 #47

There are some useless or not actually needed use cases in crypto space that will never work anytime sooner in crypto world, few project developers actually thought they can make them work but they are wrong.

1. VR (Virtual Reality) projects
2. A.I (Artificial intelligence) Projects
3. Green energy Blockchain projects ( probably built to extort money)
4. Gold backed tokens (two to three works but majority are scam)

If you think I'm wrong please give your reasons
You got it all right! There are lots of key areas which are totally irrelevant here on crypto or doesnt really need up or its  just too complex for it to be implied nor being created.
This is why we should really be get blinded with those flowery words that had been said on their whitepaper and promising out things which arent actually to happen
or not really that realistic to be applied in real life usage.Its expected that these are bound to fail almost 100% thats why its shit that you would consider out
on putting up some funds nor support these projects which arent actually needed at all.

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November 01, 2020, 07:56:06 PM
 #48

1,2 and 3 projects in this category that I know end up abandon the project or run away with the investors money. Green energy is the most hilarious of them all. I literarily think non of them actually need a blockchain technology before they can develop a artificial intelligent project but most of them are just looking for a way to create a token to be sold to investors. Going for IPO would have been better
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November 01, 2020, 08:42:16 PM
 #49

3. Green energy Blockchain projects ( probably built to extort money)
4. Gold backed tokens (two to three works but majority are scam)

Yes, I agree with you, and I have seen such projects in the past years that make their tokens backed by gold, projects that have a green energy blockchain, and medical projects and ended up in failure or scam, competition is strong between projects in the cryptocurrency in order to get investors witch need an innovative idea compatible with the blockchain and the tokens must have a real use on it, and most of the projects that have a strange, incomprehensible, or innovative idea and have nothing to do with the blockchain are only for the sake of attracting and deceiving investors, nothing more.

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