Bitcoin Forum
May 25, 2024, 03:14:50 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Investor guide. Does this “cool project” truly need blockchain?  (Read 358 times)
kravchenkopo (OP)
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
August 25, 2016, 05:35:33 PM
 #1

I believe blockchain technology can disrupt a lot of industries. But how to distinguish real cases from imaginary?

Key thoughts from the Medium post:
1. Blockchain is needed only when scarce asset is managed
2. There are 4 main scarce assets - value, identity, status, objective history
3. Permissioned or permissionless (or public vs private) as well as consensus doesn't matter when defining applicability of blockchain
4. The rest assets can use open network that doesn't restrict behavior of the users
5. Multi-blockchain systems lie in between, they manage assets that are scarce within certain environment (examples - reputation on the forum, IOU)
6. Answer to the question who need to validate transaction from a business point of view will help to define whether you need multi-blockchain
6. Examples of industries that don’t need blockchain directly: 1) cloud storage market 2) micro jobs market 3) internet of things 4) web-of-trust (different from PKI!) 5) cybersecurity
7. This industries need blockchain for identity or payments but not directly
8. + Examples of cryptocurrency projects that don't need blockchain or own coin

https://medium.com/@pavelkravchenko/investor-guide-does-this-cool-project-truly-need-blockchain-bdde70a26bfb#
Spoetnik
Legendary
*
Offline Offline

Activity: 1540
Merit: 1011


FUD Philanthropist™


View Profile
August 25, 2016, 09:55:09 PM
 #2

Who says Block-Chains need to be used at all ?

The point of this is innovation.

Bitcoin.. Satoshi and THOUSANDS of copies since.
Who is innovating what now ?
Oh yeah..
The ICO scammers  Roll Eyes

People stopped many years ago trying to CREATE a better distribution model over BTC.
They simply flopped on their lazy backs and copied Bitcoin's system
tweaking it a bit here & there to push more & more coins out.
Then later..

You all realized the was no where to go anymore with blatant cloning
And that you had no ideas for how to improve it..
Then the alternative use for a block-chain concept was born.. with "tokens" tacked on of course
..used on Poloniex for profit 100% of the time.
And the ICO was streamlined so they can be cloned and tweaked with out the hassle and INVESTMENT of mining hardware.

If you had watched how this played out all along you would see clearly how pathetic it has become.

Smart contracts on a block chain ?
There was never any need for the ETH to be created.
Nor will there ever be.

It was a gimmick for a me too coin that made the dev + friends rich beyond belief.
As we know they admitted to dumping on the public (unlike Satoshi)
With their "ICO" scam.

It was hilarious watching them tack on mining later.
And how none of you said one word about it.

Believe it or not in 2014 they ICO'd Ethereum then later tacked on Mining.
Now they want POS ?

Seriously ? and this is all ok with you even though we seen them buying them on ICO launch day by the MILLIONS $$$ ?

So it's ok with you all if i make an ICO coin then i harvest millions of them myself
then i tack on mining later ?
Why didn't they launch it with mining ?
Answer that !

What a pathetic joke.. Altcoins  Cheesy

*NEED* another block chain ICO token "coin" ?
Uhhhhhhh yeah suuuuuuure we do LOL
As a matter of fact i think we need 6,000+ ANN topics here for them HAHAHAHHAHA

I really hope you are all just greedy.. because if you actually believe these scammy ICO
tokens will ever amount to anything i truly feel sorry for your naive gullibility.

FUD first & ask questions later™
Joint Force
Hero Member
*****
Offline Offline

Activity: 804
Merit: 500

DAO ↔ DApp


View Profile WWW
August 26, 2016, 12:00:04 AM
Last edit: August 26, 2016, 12:27:49 AM by Joint Force
 #3

YES! Everyone project needs a blockchain!



Who says Block-Chains need to be used at all ?

The point of this is innovation.

Bitcoin.. Satoshi and THOUSANDS of copies since.
Who is innovating what now ?
Oh yeah..
The ICO scammers  Roll Eyes

People stopped many years ago trying to CREATE a better distribution model over BTC.
They simply flopped on their lazy backs and copied Bitcoin's system
tweaking it a bit here & there to push more & more coins out.
Then later..

You all realized the was no where to go anymore with blatant cloning
And that you had no ideas for how to improve it..
Then the alternative use for a block-chain concept was born.. with "tokens" tacked on of course
..used on Poloniex for profit 100% of the time.
And the ICO was streamlined so they can be cloned and tweaked with out the hassle and INVESTMENT of mining hardware.

If you had watched how this played out all along you would see clearly how pathetic it has become.

Smart contracts on a block chain ?
There was never any need for the ETH to be created.
Nor will there ever be.

It was a gimmick for a me too coin that made the dev + friends rich beyond belief.
As we know they admitted to dumping on the public (unlike Satoshi)
With their "ICO" scam.

It was hilarious watching them tack on mining later.
And how none of you said one word about it.

Believe it or not in 2014 they ICO'd Ethereum then later tacked on Mining.
Now they want POS ?

Seriously ? and this is all ok with you even though we seen them buying them on ICO launch day by the MILLIONS $$$ ?

So it's ok with you all if i make an ICO coin then i harvest millions of them myself
then i tack on mining later ?
Why didn't they launch it with mining ?
Answer that !

What a pathetic joke.. Altcoins  Cheesy

*NEED* another block chain ICO token "coin" ?
Uhhhhhhh yeah suuuuuuure we do LOL
As a matter of fact i think we need 6,000+ ANN topics here for them HAHAHAHHAHA

I really hope you are all just greedy.. because if you actually believe these scammy ICO
tokens will ever amount to anything i truly feel sorry for your naive gullibility.


What do you think I should do with my popular mobile App?


1)

Turn it into an AppCoin DApp.

At first I'll have all of the coins. I'll be selling off some of them to fund the development into a decentralized system that the users own. I'll have future rounds to buy the AppCoin so a 1CO, 2CO, 3CO, 4CO etc. until all coins have been distributed.


2)

Start a traditional company where I own 100% of the stock and then sell it off in phases.

Traditional Start up:
IPO of the final unsold shares --------- w/ Market cap of 3.6 billion $
$120M Series D in 2015 led by American Bank --------- w/ Market cap of 1.2 billion $
$35M Series C in 2015 led by Spark Capital --------- w/ Market cap of 360 million $
$16M Series B in 2014 led by Spark Capital --------- w/ Market cap of 180 million $
$5M Series A in 2013 led by Founders Fund --------- w/ Market cap of 60 million $
$1M Seed in 2011 led by SoftTech VC --------- w/ Market cap of 12 million $
$260K in 2011 led by Angel investor --------- w/ Market cap of 3 million $



3)

Do you have a recommendation?




I think the AppCoin is better since with cryptocoins and AppCoins, you may get in on this type of process previously reserved for the richest people!

Please note:
- Investing in an AppCoin requires due diligence. You may occur loses.
- The cryptocoin of an AppCoin is not a share, stock or security in a company. The cryptocoin is the gas powering the AppCoin.
- All AppCoins are different and should never be initially thought of as the same as any other AppCoin
 

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!