We need apps not coins

[ethersphere]

ICOs are good for the community if they are done legitimately. Helps replace stocks/reduce regulations for companies, verifiable/transferable/accessible tokens that represent ownership AKA allowing everything to be "digitized".

Problem is all the excessive hype though..

[lambofan]

Is true,there are too many coins today  but I do not think its are going to diminish soon,for some reason devs continue to draw new coins everyday.

[selline]

I agree with you, we need new applications from all kind of businesses using blockchain tech instead of meaningless ico projects.

I also agree with you, because that indeed we need is a new application for all types of businesses to use technology blockchain because its users more easily and safely but should there really special safeguards if used for doing business should only to store only

[valiant1]

I think there is still a lack of ideas for new, sustainable, and lucrative business models that can utilize the blockchain. A lot of people in this thread are agreeing with the sentiment that it should be about apps and not coins, but I haven't heard many actual ideas for those apps.

[Bitcoinsummoner]

Bitcoin not giving a lot of needs by people that is why there are many ICO's and altcoin out there just to fill the shortage use by people in bitcoin..
And op had a good point much better to developer make a new apps to use the coin instead more developing they are adding more coins..
You know they are just fooling other people to invest just to get the money it is just like the same as investment scheme..

[realistic1]

Because the base coin everything is being built on i.e. Bitcoin and Etherereum are flawed systems. Thats why Xtrabytes with its 51% attack proof, infinite scalability etc is what future apps will be built on due to its modular system that is designed to be built upon. You don't build your house on sand...

[olushakes]

Why is all the investment going into more blockchains?

We need more consumer focused applications to create the ecosystem. Having so many new blockchains is like having multiple internet / phone lines at home.

In contrast, we need applications like smart tv, netflix, spotify, web browsers...

If we put all the money into infrastructure and not in apps, this will inplode like the fiberoptic investments 20 years ago, that no telco made any money with.

How do we incentivize programmers to go program apps instead of another coin?

Your argument is very much valid as we already have enough number of coins that have come and go and even several that are listed in several exchange sites across the internet while some are still even coming out on a daily basis. However, I would appreciate if all the coins by developers is geared towards creation of problem solving projects like Solar energy for third world countries, affordable internet, sewage recycling among other projects rather than just focusing only on the pumps and dumps on the exchange sites.

[Alttrader203]

Happy to see we share many common thoughts.
I believe blockchain icos with no direct application for revenue generation should not be invested in.

Another post of mine is about the bad prospects i see. Clearly this rate of market growth is not sustainable, it will crash as most consumer apps are only ready in 2018. And then they will face the reality of competition!!

Like gambling site vs wagerr
Like amazon vs siacoin
Like azure vs golem
Like dcorp vs etoro
Like monaco vs visa
Like mozilla vs bat
Like apple pay vs litecoin/zcash/etc...
Like reddit vs steem

It is not easy to beat it when it comes to consumer adoption. We have proved just 1 case of application so far:
Like gold vs bitcoin

Others are dreams. We need to invest in proving them! And fast.

[oaz7t]

May be everyone loves bitcoin and they want it to grow big in the future. The investment would be great if we look from the perspective of its technology currently. It is still new and may be investors are trying to fix it.

[blockoptions]

We are developing a blockchain binary options Dapp running on ethereum blockchain, seems not easy to build a 100% onchain Dapp right now, still need some offchain development.