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Adriano2010
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May 05, 2019, 03:30:59 PM |
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Indeed there are a lot of useless projects, they not bring nothing good but only some people who are unlucky and lose their money if invested, i wish that the coins without any future die and after market will recover more if money coming back to bitcoin and top coins.
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Mighty_crypt
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Activity: 784
Merit: 21
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May 05, 2019, 03:46:38 PM |
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Very good post ,the only project I know that's already available on block chain that support voting at your home is still originalmy project ,its true that developers are just repeating projects over and over again ,I hope they will start thinking to use blockchain tech in the right directions,like schools ,telecoms ,colleges ,airports etc
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Kang TB
Sr. Member
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Activity: 1050
Merit: 250
Revolutionizing Reward Points
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May 05, 2019, 03:49:02 PM |
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There are many good projects that aim to help people. But there are also many projects to make money. This is how the world works.
but i think a lot project born in crypto world only for money and maybe just a few project born to help this world getting better my friend so, investors should be more careful  |
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sabine80
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Activity: 728
Merit: 14
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May 05, 2019, 07:16:53 PM |
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the number of useless projects is certainly high at the moment, but i think that will change over time. in a few years, we will certainly have a very different situation and there will be better blockchain projects. we are still at the beginning of spreading the blockchain and we should never forget that.
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axel2078
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May 05, 2019, 07:48:01 PM |
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You are certainly right. There are only little projects that are genuine and knows exactly what to do and how to do it. Some are just repetition of what is already existing thus using it as an avenue to make money.
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giletto
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May 05, 2019, 07:58:03 PM |
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It is sickening. Incessant Proliferation of projects in cryptocurrency Market is making the whole ecosystem a joke. Developers have now seen the unregulated and decentralized crypto ecosystem as a fertile group for illegitimate cash
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tunapa
Jr. Member
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Activity: 667
Merit: 1
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May 05, 2019, 09:25:12 PM |
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That’s one of the issues we have in this space, so many repeated projects and also many similar projects that’s why we have a lot of projects that are not functioning or have any impact. Now the pause we will move to is the one where mass adoption is needed therefore all bad and failed project will be discarded. This should what project owners are looking forward to.
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irixo10
Full Member
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Activity: 1078
Merit: 104
GoMeat - Digitalizing Meat Stores - ICO
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May 05, 2019, 11:35:26 PM |
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I kind off wonder why we keep having some repetitions of already existing project, and the developers keep saying "oooh the existing project is not scalable" for example, some projects have been born because of low transaction per seconds of the ethereum network(TPS), which of course does cause serious problem for the overall network ecosystem. This ethereum developers have moved to try and arrest by the upgrade called "Constantinople".
The world have many areas that need the help of blockchain, for example the recently concluded election in Nigeria was filled with violence, killing, rigging and snatching of ballot papers, together with mass voters apartheid in subsequent election. All these would have just been handled with the aid of blockchain voting, without fear of been hacked or hijacked. The sighted example and many more is just one area that really defines adoption. It's possible to create coin and during the election period, the government can be made to pay for the blockchain services by buying the ecosystem token, which is not a must.
The bottom-line is that: Instead of having many failed projects in this space, developers should come forth with strong and life application project and not to keep imitating other projects like we currently have a spray of exchanges with their tokens, the immediate gain of quick money should be kept aside and developers should try and bring up a feasible challenging problem, to solve many human yearnings.
That's why only potential projects keeps growing in value, because they have a good use case. Every now and then new projects keeps coming up, yet only a certain few delivers as promised, while others either don't list on exchange or just list and allow the project to die. |
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Nasonn
Jr. Member
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Activity: 616
Merit: 1
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May 05, 2019, 11:43:05 PM |
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The truth of the matter is that such projects are only built in lies, a project with no working product promising scaling an already existing product whereas they don't even have a product that is at least working. I think investors should stop supporting projects that are not based of new ideas rather repeating what already is with far worse product.
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Febo
Legendary
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Activity: 2730
Merit: 1288
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May 06, 2019, 01:51:49 AM |
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I kind off wonder why we keep having some repetitions of already existing project, and the developers keep saying "oooh the existing project is not scalable" for example, some projects have been born because of low transaction per seconds of the ethereum network(TPS), which of course does cause serious problem for the overall network ecosystem. This ethereum developers have moved to try and arrest by the upgrade called "Constantinople".
The world have many areas that need the help of blockchain, for example the recently concluded election in Nigeria was filled with violence, killing, rigging and snatching of ballot papers, together with mass voters apartheid in subsequent election. All these would have just been handled with the aid of blockchain voting, without fear of been hacked or hijacked. The sighted example and many more is just one area that really defines adoption. It's possible to create coin and during the election period, the government can be made to pay for the blockchain services by buying the ecosystem token, which is not a must.
The bottom-line is that: Instead of having many failed projects in this space, developers should come forth with strong and life application project and not to keep imitating other projects like we currently have a spray of exchanges with their tokens, the immediate gain of quick money should be kept aside and developers should try and bring up a feasible challenging problem, to solve many human yearnings.
There is enough good projects. But of course there cant be few 1000 of them as there is few 1000 of coins. Maybe in few more years time or in a decade. Not in this shorts 7 years. |
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Indrawan77
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May 06, 2019, 06:34:29 AM |
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There are a lot of ways to make used of blockchain and crypto, so it's up to developer to seek the opportunity, unfortunately most of the developers only think of profit rather than usage and the other challenge is coming from the government and whales investors that going to dump after the coin being released, the challenge to make a coin successful is not that easy although you got a different and unique creation
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Lawrenzoo
Jr. Member
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Activity: 378
Merit: 2
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May 06, 2019, 07:27:52 AM |
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I kind off wonder why we keep having some repetitions of already existing project, and the developers keep saying "oooh the existing project is not scalable" for example, some projects have been born because of low transaction per seconds of the ethereum network(TPS), which of course does cause serious problem for the overall network ecosystem. This ethereum developers have moved to try and arrest by the upgrade called "Constantinople".
The world have many areas that need the help of blockchain, for example the recently concluded election in Nigeria was filled with violence, killing, rigging and snatching of ballot papers, together with mass voters apartheid in subsequent election. All these would have just been handled with the aid of blockchain voting, without fear of been hacked or hijacked. The sighted example and many more is just one area that really defines adoption. It's possible to create coin and during the election period, the government can be made to pay for the blockchain services by buying the ecosystem token, which is not a must.
The bottom-line is that: Instead of having many failed projects in this space, developers should come forth with strong and life application project and not to keep imitating other projects like we currently have a spray of exchanges with their tokens, the immediate gain of quick money should be kept aside and developers should try and bring up a feasible challenging problem, to solve many human yearnings.
I told ya all that if a woman starts participating in cryptocurrency, crypto space will really be filled with ideas and innovations. This is the first time i will actually be seeing a woman participate in this forum, and can you see how sensible her suggestion is, thank God i am not alone in this forum that feels the reason why crypto market is growing too slow is because we have too many repeated projects. |
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CryptoIyke
Copper Member
Jr. Member
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Activity: 308
Merit: 1
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May 06, 2019, 07:31:35 AM |
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I do not see anyone coming out with a very much difference as majority of cryptos are geared towards providing a payment process and this makes it so ubiquitous and so many failed projects because they could not change the status quo or make a reasonable impact or difference. Investors therefore are no longer much interested about what the project serves or the technology it provides as long as it has the hype and potential of bringing a good roi
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Samboo
Member
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Activity: 434
Merit: 10
www.thegeomadao.com
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May 06, 2019, 09:57:05 AM |
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There are many projects which have similar goals. I wonder how projects having similar goals can survive in the market? Only the one equipped with enough financial and other resources can survive, and others are disappeared. And what is the point of launching the project having the same goals with that of another project? Rather launch a project with unique features and goals and that make real changes in the lives of the people around the world.
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raven7886
Legendary
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Activity: 1512
Merit: 1041
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May 07, 2019, 07:52:53 AM |
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I do not see anyone coming out with a very much difference as majority of cryptos are geared towards providing a payment process and this makes it so ubiquitous and so many failed projects because they could not change the status quo or make a reasonable impact or difference. Investors therefore are no longer much interested about what the project serves or the technology it provides as long as it has the hype and potential of bringing a good roi
Cryptocurrency is just one of the product of blockchain technology and there are so many things that the blockchain technology can solve, it is because of lack of idea that makes majority of them tends towards the direction of using it as payment processor alone, just because satoshi came out with one solution called bitcoin. Developers really need to look deeper into the system and even if they have to create cryptocurrency, it should have an attachment with projects that is totally different in idea and function to other available ones in the market. That is one of the ways we can renew the relationship between ICO and investors back. |
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StarofBTC
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May 07, 2019, 12:01:21 PM |
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I kind off wonder why we keep having some repetitions of already existing project, and the developers keep saying "oooh the existing project is not scalable" for example, some projects have been born because of low transaction per seconds of the ethereum network(TPS), which of course does cause serious problem for the overall network ecosystem. This ethereum developers have moved to try and arrest by the upgrade called "Constantinople".
The world have many areas that need the help of blockchain, for example the recently concluded election in Nigeria was filled with violence, killing, rigging and snatching of ballot papers, together with mass voters apartheid in subsequent election. All these would have just been handled with the aid of blockchain voting, without fear of been hacked or hijacked. The sighted example and many more is just one area that really defines adoption. It's possible to create coin and during the election period, the government can be made to pay for the blockchain services by buying the ecosystem token, which is not a must.
The bottom-line is that: Instead of having many failed projects in this space, developers should come forth with strong and life application project and not to keep imitating other projects like we currently have a spray of exchanges with their tokens, the immediate gain of quick money should be kept aside and developers should try and bring up a feasible challenging problem, to solve many human yearnings.
You are right about this, project developers really need to start thinking outside the box and come up with solutions to problem that is yet to be solved, majority of these developers are just doing copy and paste and building on projects that is already existing in the name of making it better, what assurance do they have that they can really do it better than the initiators. This is exactly what is happening with the IEO now, someone came up with the idea already and instead of them to look for other solution t this ICO scam, and they are still building on what Binance has already solved but not enough to completely take scam projects off the market. |
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Ifemini
Member
Offline
Activity: 690
Merit: 12
There are consequences for every action
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May 08, 2019, 07:00:29 AM |
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Crypto currency is presently at a cash out session
Where everyone is scam exit, dumping on investors and supposed Hacked too
So how should a new developer think ?
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futile-resistance
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May 09, 2019, 11:27:17 AM |
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Crypto currency is presently at a cash out session
Where everyone is scam exit, dumping on investors and supposed Hacked too
So how should a new developer think ?
First, developers needs to stop thinking of value or doming and focus on the product they are presenting to the world, they need to make sure that the products gets delivered to the end users and create awareness that will bring about demands for such product. Why did they create cryptocurrency, is it not for it to be used internally in having access to the product they are producing? Most developers have failed in this regards as they all rely on investors to push the value of their project up and that is why their campaign is mostly all about investment and not the product features itself. |
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maydna
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May 09, 2019, 11:35:05 AM |
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the number of useless projects is certainly high at the moment, but i think that will change over time. in a few years, we will certainly have a very different situation and there will be better blockchain projects. we are still at the beginning of spreading the blockchain and we should never forget that.
Yes, I think the same as you. The project will not be the same every year because the developer will have another reason to create a new project. But that will impact so many scam project, so you need to be careful to invest your money in the project. The project will transform into a better project, and it will be different than the project before. Yes, every year will be a beginning for the project to release their idea to the public, and I am sure that they will want to help people with the project. Like what we already see now, many projects have changed their publicising the project, and now many of them have trying to release the project using the IEO programs in the exchanges. |
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vectisitch
Legendary
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Activity: 1927
Merit: 1004
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May 09, 2019, 12:12:09 PM |
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You need to look for projects with a working team and a new idea. Something that is started from the ground up and intends to give an answer to the problems we have now. Things like scalability, the cost of transaction fees, the speeds of transaction ect. Take a look at the project i am involved with, that is designed from scratch and intends to solve all of these problems with new and fresh ideas.
If you like the idea of getting into something at the beginning that has a real chance of solving these problems, click on my sig to go to our discord and learn about us
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