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Question: Do you really use the altcoins you own for the purpose they're supposedly created for?
Yes! That's why I buy them! - 3 (10.3%)
Only some of them - 13 (44.8%)
No / I only care about the money - 13 (44.8%)
Total Voters: 29

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Author Topic: Do you really use alts for the purpose they're supposedly created for?  (Read 348 times)
kkaroul4
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October 25, 2020, 04:29:24 PM
 #61

The big problem will always be that crypto will be used for wrong reasons by some people. that is something that you can not stop and you just have to accept these things happen.
that does not mean at all using crypto for anonymity is a bad thing it gives a lot ofr freedom that nobody will monitor your transfers, well they can see all the transactions but at least they can not link a name to it.

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October 25, 2020, 04:43:02 PM
 #62

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Recently I bought a few  hundreds of MYST tokens to give a try to dVPN run on Mysterium Network and payed it for bandwidth I have used. I liked paying out for actual online  time rather then to spend my money for full  days and nights in the month.  I sleep at night, so why to pay for that time? In my case MYST which is utility token proved to be quite useful.
I always want to use the token according to its function. in fact, it will be very useful when the token is associated with a VPN or other useful application. however, at this point, I am just holding onto the coins and still waiting for a good function token to be used according to its function. So far, I sometimes use bitcoin or ethereum to buy a domain or some web hosting that I own.

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plr
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October 26, 2020, 08:57:37 AM
 #63

So many altcoins exist, out of which some are more known and used than others. Many of these coins claim to have an utility - for example, Siacoin exists, praising themselves as a Storage Platform.

But what truly bothers me is that, if I think about all those alts I have ever purchased and held, I have never used them for what they are supposedly created for. Besides Monero, where privacy is basically the default, most coins I have ever held have only been used for exchange deposits and withdrawals.

Hence, I thought it'd be a quite interesting idea to create a poll and find an answer to the following question: Do you really use the altcoins you own for the purpose they're supposedly created for?

I'm not using it from what it is intended to be used because some of the coins I've received are pump and dump coins, the only coins or tokens  I've ever used to buy stuffs are Bitcoin, Ethereum Tron and Litecoin, some of the coins I've received or invested I quickly dump because in the first place I cannot used to places where I can use the top coins, and I'm afraid that it will lose value, just like all the other new coin.
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