the worth of a coin

[alexyong342]

Instead of getting lost, attempting to understand the trade-offs in blockchain security between Proof of Work and Proof of Stake algorithms, instead of figuring out the pros and cons of on-chain versus off-chain transactions, and instead of falling down a technical black hole when reading about the loss of Byzantine fault tolerance when sharding a protocol and moving from single to parallel threading, allowing the protocol to run in parallel, start with three high-level questions.

What real-world problem does this cryptocurrency or blockchain technology solve?

Is the technology scalable?

Who are the developers?

https://www.altcoinsidekick.com/blog/big-in-japan

[Slow death]

What real-world problem does this cryptocurrency or blockchain technology solve?

Is the technology scalable?

Who are the developers?

I say this to myself when I go in the altcoins section and I spend hours reading many threads and I see many exaggerated optimism and this optimism exaggerated is for shitcoins.

Who will buy this: Jesus Coin

and why will buy?

there are many nonsense altcoins.

 no offense but projects like: lisk, waves, komodo, Bytecoin, Monacoin, Siacoin, Verge, Ardor, Stratis, Ignis, Ark, Bancor and other altcoin will disappear in 5 years... I doubt they stay at least the first 300 altcoins of coinmarketcap

[davinchi]

~~snip

The problem with so many of these coins is that they all have duplicate solutions to same problem, a project comes up with a problem that has already been solved, and then they end up not having use for it because many people they propose the solution to has already gotten it solved by another blockchain project, and this is why they don’t even last in the market.

Few are the ones that really even understand what the whole blockchain technology stands for, they just know that there is a new technology called blockchain where they can raise money to come up with solutions to problem they lack the understanding or knowledge to solves, and then hire a blockchain developers that will just come up with a package for them to buy. Like you said, in few years’ time, we will only have few projects standing.