What is the use case for the WAVES token? Could the platform be used without the coin having a high price? What use case of the token will influence a higher price for the token?
Ethereum is falling now because people realize that the Ethereum platform can be used with no price support for the Ethereum token. How is WAVES different? Thanks
You are misinformed. Every platform could be utilized regardless of the price of the tokens. One of the reasons for the major price decline for ETH is that the ICO's that have raised millions of dollars are now panicking and dumping some of their ETH's to keep operations going. Waves just released smart contracts and are now in the spotlight. People are starting to realize how undervalued this project is and can feel the tsunami coming.
You said: "You are misinformed. Every platform could be utilized regardless of the price of the tokens." That is precisely what I am saying. Thanks. But I will allow Simon Black to explain more fully the point I am trying to get across. Do not get me wrong, I love WAVES and own lots of it, but I also want to recognize something and get out of or into something before the crowd sees the light. Read this:
" Back in the early 1990s when the consumer Internet was in its infancy, the “World Wide Web” didn’t really exist.
We used to use something called ‘gopher’, a text and menu-based version of the web.
Then a bunch of engineers perfected hypertext transfer protocol, ‘http’, and the World Wide Web as we know it today was born.
Given how much better the user experience was with http, it didn’t take long for gopher to almost completely disappear.
The same thing could happen in crypto.
And this is important, because as these new Distributed Ledger Technologies continue to develop, it’s possible that almost ALL of today’s tokens and cryptocurrencies could disappear.
Some of the newest Distributed Ledger Technologies don’t even have tokens.
Hyperledger, for instance, is a project run by the Linux Foundation in partnership with dozens of major companies like IBM, Accenture, Cisco, Deutsche Bank, Intel, and American Express.
They’ve already released a number of working DLTs. And not a single Hyperledger DLT comes with a native coin or token.
In other words, it’s like a really advanced blockchain without the Bitcoin.
The use cases for Hyperledger are far-reaching- document storage, financial transactions, property records, even voting.
In fact there’s a candidate for US Congress in the state of California who claims that he’ll use the technology to allow his constituents to vote directly on federal legislation.
Then there are the banks-- many of whom are developing their own DLTs.
JP Morgan already launched one called Quorum, an open-source distributed ledger and smart contract platform that rapidly processes financial transactions among a closed network of participants.
They’ve essentially created a blockchain to modernize global banking infrastructure.
Outdated crypto technology doesn’t stand much of a chance when some of the largest firms in the world are putting a ton of resources into making it better.
And this brings me to where the real opportunity is.
Most of the talk about cryptocurrency these days seems focused on what’s going to be the next Bitcoin or Ether. People are trying to figure out what’s the next currency or heavily promoted ICO that can turn $1,000 into $1 million.
That’s probably not the right way to look at this sector anymore.
Certainly there are a handful of specific tokens or coins that have real utility (like some of the privacy coins).
But again, aside from those select few, it’s possible that today’s most popular cryptocurrencies and tokens might follow in the footsteps of gopher.
It’s not going to happen tomorrow. But over the next 5-10 years, inferior, pointless coins and tokens could easily be replaced by superior technology.
So rather than trying to speculate on the next hot ICO, or divining whether going YOLO in Shitcoin, TrumpCoin, or Fuzzballs will make you a crypto millionaire, the real fortunes to be made are in the application of these technologies.
Manufacturing. Real estate. Insurance. Global shipping. Retail. Healthcare.
There are litereally thousands upon thousands of compelling, lucrative ways to apply these Distributed Ledger Technologies across various industries around the world.
This is what happened with the Internet. Once the technology was developed, the real money wasn’t made by the people who developed TCP/IP and HTTP.
It was made by the entrepreneurs who applied the technology in ways that fundamentally changed how we do business… and by the investors who backed them.
Right now those opportunities with DLT are wide open.
To your freedom,
Signature
Simon Black,
Founder, SovereignMan.com "
