Vicrypt (OP)
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Activity: 103
Merit: 10
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November 30, 2017, 11:33:40 PM |
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Really.
Why an average person on the street should buy a coin, say IOTA or Stratis? What he will do with it?
Do we all buy just to hold and in hope that someone else will pay more?
Where will this end?
What coins have real use case for end users?
Thank you.
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Beicin
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November 30, 2017, 11:44:34 PM |
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Ethereum already has plenty of smart contracts running on the platform. You can organize ICOs and play dice games, for example (off the top of my head those are the 2 most used types of contracts). Coins like BCH, Dash, Monero and other currencies are already accepted in some merchants around the world, giving them use as well...
About others such as IOTA and Stratis that you mentioned, people are speculating on the price based on its potential and what they could achieve in the near future.
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AtheistAKASaneBrain
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November 30, 2017, 11:56:14 PM |
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Really.
Why an average person on the street should buy a coin, say IOTA or Stratis? What he will do with it?
Do we all buy just to hold and in hope that someone else will pay more?
Where will this end?
What coins have real use case for end users?
Thank you.
Right now we are all still pioneers, so we are simply betting on different technologies. If you buy IOTA, you aren't buying IOTA because you can buy coffee with it, but because you (supposedly) have researched the technology and think it's solid enough that it can develop into something that can reach consumer level of adoption. The thing is, most people are idiots, so they are buying random altcoins thinking it's the next big pump because they didn't buy BTC when it was cheaper. But the reality is that Bitcoin is still #1, gets the most development, and it's already used a lot in plenty of places, and it's also an existing digital gold. No other coin can claim this. We are going much higher with Bitcoin, the rest of altcoins are just trying to find a niche.
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ZainSpider
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December 01, 2017, 12:34:28 AM |
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98% are just pump and dump coins. very few are really legit ones.
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GayOfThrones
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December 01, 2017, 12:41:04 AM |
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The only coin with a real use is Ethereum because you can create assets there which represent real tokenized goods. The question of the "real use" is valid also for Bitcoin...
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mrtryonebiggums
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Activity: 322
Merit: 111
Revolutionized Rotating Savings & Borrowings
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December 01, 2017, 01:20:39 AM |
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I think most coins don't have a real use case beyond speculation and development down the road. You gotta look into the coin deeply and see whether or not they have an actual real use case. Take a look at how most ICOs are run today they come into crypto with a whitepaper and some marketing and that is it. Pretty trashy stuff if you ask me, although you can find some diamonds in the rough so don't dismiss the whole industry.
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machinek20
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December 01, 2017, 01:27:39 AM |
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Most of them got zero usage, the dev just hoping get lucky and able to get rich in an instant, and there wont be any end for new coins, it will keep coming up, and we will be flooded by unused coins, the best way to limit thr new coins is to regulate it, but since crypto supposed to be decentralized so we will keep on see the new coins appearing
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denulh
Member
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Activity: 300
Merit: 10
Borderless for People, Frictionless for Banks
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December 01, 2017, 01:41:16 AM |
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most altcoins dont have much real life use, most of them just want to earn money from investors to work with their roadmap, they dont care much about investors, so their coin are useless, just few of altcoins can have a great future, so we should do research about that coin carefully before investing in it.
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Acguy
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December 01, 2017, 01:43:06 AM |
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Most don't have real use cases it's all speculation to see if someone will pay more.
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sexycoin69
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Activity: 175
Merit: 100
Hoqu.io – Decentralized Affiliate platform
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December 01, 2017, 01:44:41 AM |
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There are a lot of alts that just want to be used as currency. I would stay away from those. The ones that solve a problem and want to create a currency within their product, much better.
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KingScorpio
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December 01, 2017, 01:48:48 AM |
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Really.
Why an average person on the street should buy a coin, say IOTA or Stratis? What he will do with it?
Do we all buy just to hold and in hope that someone else will pay more?
Where will this end?
What coins have real use case for end users?
Thank you.
currencies are tools of power, actually, their use is the same as the current on of the banksters that print us dollars and decide who can invest a lot and earn a lot and who is forced to sell his time.
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lorylore
Legendary
Offline
Activity: 1470
Merit: 1002
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December 01, 2017, 01:52:39 AM |
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Really.
Why an average person on the street should buy a coin, say IOTA or Stratis? What he will do with it?
Do we all buy just to hold and in hope that someone else will pay more?
Where will this end?
What coins have real use case for end users?
Thank you.
We are looking in the long run. With Iota being developed, you can now even see that Iota work with Microsoft to get projects out into real world. By then, being an iota owner will help you to use their service. If you want to have an immediate use case of your token, maybe you can conisder one of the next big ICO project: Appcoins where it has 200mil active users and 4billion download of their working products. With over hundreds of stuffs working on the projects, it is going to be huge. Get their token so you can use it on their platform later on.
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poodle63
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December 01, 2017, 01:55:26 AM |
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Really.
Why an average person on the street should buy a coin, say IOTA or Stratis? What he will do with it?
Do we all buy just to hold and in hope that someone else will pay more?
Where will this end?
What coins have real use case for end users?
Thank you.
For the coin that has utility usage to the users, and that was just like santiment or tenx, santiment token can be used to open the platform and you can try to get a lot of the sensitive data and trading signal in the market. tenx alreayd issued the visa card. I suggest you about stratis rather than iota.
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The_Dark_Knight
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December 01, 2017, 01:59:50 AM |
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Really.
Why an average person on the street should buy a coin, say IOTA or Stratis? What he will do with it?
Do we all buy just to hold and in hope that someone else will pay more?
Where will this end?
What coins have real use case for end users?
Thank you.
There are many reasons for the proliferation of coins, some are legitimate efforts to improve upon another crypto, some are original ideas trying to tap into a new market, some other are trying to overthrow another existing coin while some others are unfortunately a scam, among cryptocurrencies there are many that are useful but there is also a significant number that are coins that no one should buy, at the end it is up to the end user to decide why he needs to buy a particular coin.
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CoinCollector006
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December 01, 2017, 02:37:38 AM |
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Really.
Why an average person on the street should buy a coin, say IOTA or Stratis? What he will do with it?
Do we all buy just to hold and in hope that someone else will pay more?
Where will this end?
What coins have real use case for end users?
Thank you.
I believe the primary reason for the proliferation of coins is greed, the desire to get rich quick with minimal effort and no different than what has happened in the US penny stock markets and more recently in social media unicorns. Fuel has been added to the fire by a lack of regulation, bubbly equity markets, low interest rates and slick promoters peddling power point dreams and white paper fantasies. I think crypto investors are best served with the majority of their capital allocated in BTC, ETH, LTC, XMR and DASH. I joined a dev team for a small coin because I wanted to learn the inner workings of what happens in an alt coin, why do coins fail and why do coins succeed? Each little coin is a small business with a P/L stream and a large majority are abandoned. A coin lives or dies based on the size of the community (hence Dogecoin lives on), conviction level of the dev team, the amount of funding they have (Dash has a bullt-in funding mechanism) and their ability to build legitimate use cases. If you going to hold substantial stakes in alt coins its best sell them off when they experience rallies, and treat them as trading assets. I made the mistake of holding onto 808 and Condensate for too long.
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illiki23
Sr. Member
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Activity: 602
Merit: 295
Hail Eris!
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December 01, 2017, 02:57:12 AM |
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Different alt coins have different uses...
Some solve serious problems. Others attempt to replicate other coin's solution but with better branding and management. A lot are scams.
So you can't just as what their real use is as a whole. You have to take it on a case by case basis.
I don't think more than a small handful of stubborn people here would think something like Eth has no real use.. I mean... smart contracts.. come on.
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langaw2018
Copper Member
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Activity: 210
Merit: 1
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September 07, 2018, 02:12:58 PM |
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Really.
Why an average person on the street should buy a coin, say IOTA or Stratis? What he will do with it?
Do we all buy just to hold and in hope that someone else will pay more?
Where will this end?
What coins have real use case for end users?
Thank you.
Many altcoins today are an alternative to overcome the limited amount of bitcoin. And as an alternative for those who want to invest but limited money. Because many want the suit made by bitcoin.
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zmeddy
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September 07, 2018, 02:58:14 PM |
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Yes, I am also constantly concerned about this issue. It is difficult to explain to a person why he needs that or other coin. In the near future, many coins will indeed become useful in use every day.
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Dmcuibap
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September 07, 2018, 03:03:26 PM |
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Almost they are useless and going to zero. ETH 2nd crypto currencies going down even REAL use in many way. Dont invest in trash ALT coin or you will regret about its soon. Stay safe and happy hodling
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CryptoDimas
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Activity: 112
Merit: 0
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September 09, 2018, 02:15:10 PM |
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Each company has its own advantages for the holders of altcoyins. Some of these are dividends, while others you are willing to pay for their services, one third get a discount, the fourth is just a holder and no more. Choose you
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