Some things will never work in crypto world

[btcltcdigger]

There are some useless or not actually needed use cases in crypto space that will never work anytime sooner in crypto world, few project developers actually thought they can make them work but they are wrong.

1. VR (Virtual Reality) projects
2. A.I (Artificial intelligence) Projects
3. Green energy Blockchain projects ( probably built to extort money)
4. Gold backed tokens (two to three works but majority are scam)

If you think I'm wrong please give your reasons

I don't think you're completely wrong.
Most of the "it won't work" assumptions come from previous projects which were complete scams, especially the gold backed ones.
As for VR, i can actually see the use case, as the VR games develop, so will the need for ingame virtual currency that can be bridged to real world.

[Doranile432]

Honestly speaking I haven't seen a AI project that works, the last AI project I promoted was DAIN AI, this project has nothing to do with AI gadgets or robots like many other AI project, it's all about addressing and solving artificial intelligence problems, but yet this project is at a HALT right now, the issue isn't even funds, we just stop hearing anything from the team, no updates too.

[el kaka22]

I agree on almost all of them. VR is not something that requires crypto, somethings may get better with blockchain tech or may not get better and would be useless, a blockchain tech in a VR system is not something we need, even VR systems are not needed all that much right now, they are just there and people are getting used to it, we are basically waiting the tech to improve to home standards with affordable prices. A.I. could work, but there is no real A.I. in the world, it is just machine learning and sure you can put machine learning into a blockchain system but just don't call it A.I. it makes people think of things like Jarvis from Iron man.

Green energy is a novelty idea that I hope would one day works but it doesn't right now, and gold backed ones are difficult to manage because of physical nature and international laws of it.

[khaled0111]

You are right. Most of those projects turned out to be scams. But this is not a reason to say that emerging technologies such as VR, AI, machine learning... are useless.
With the mass adoption of cryptocurencies, leveraging new technologies will be a must for every new project in order to succeed.
The problem with stable coins backed by gold, on the other hand, is the lack of transparency.

[Chuky92]

This is really true and it's time most investors starts understanding this and protect their funds than jumping into any project that looks good to them hence getting scammed and so on. Starting with the first one, few years ago it was on the increase but yet nothing was gotten out of it, other than scams. As for AI, it was just too much and 99% of them, if not all were all scams. To make it worst, some might even add machine learning and AI, just to create more hype and yet it ends up becoming scams. Another is robots or robotics, as usual they claimed AI will be used, however I don't think there is any still working till today.
In addition, the one that has been coming up once in a while is that of gold backed tokens, although I won't say all was scams, but a very good number of them were all scams. So, looking at all this, it is good to overlook hype, study all these projects before investing and know if their use cases are achievable or not.

[SlimShadyMmp]

Have seen green energy fail over and over again even the concrete legit ones end up not getting interest at all I think it just doesnt work and valuation is not yet ready for that Maybe their will be that hype later just like DEFI but who know Personally i dont think so

[bluebit25]

There are some useless or not actually needed use cases in crypto space that will never work anytime sooner in crypto world, few project developers actually thought they can make them work but they are wrong.

1. VR (Virtual Reality) projects

I think VR is still research and development, potential level of VR and Blockchain, i think is the same. And I feel that it can be used to combine with Blockchain. We have NFT in the industry, it's a combination that I find great, with NFT-like products combined with a practical approach, this is going to be a highlight of the combination of VR and Blockchain.

[amishmanish]

AI, VR and Green Energy are multi-billion dollar industries which are bound to be the focus of future investments by major companies in these sectors. If you look at AI and VR, every major tech company from Google, Microsoft to Facebook are working on these. When it comes to Green Energy, all major infrastructure and energy companies like Siemens, Toshiba etc. are pouring billions into research as well as rebranding towards a Greener outlook. Compare this against the backdrop of blockchain industry which is yet to prove its worth in the most obvious of areas ripe for it. There is hardly any intersection between these industries and most such attempts are therefore little more than cash grabs and scams that are just exploiting these buzzwords.

When it comes to tokenization of gold, there is a long running signature campaign on the forum itself. Apparently, the token providers back it with equal reserves of gold at a gold treasury in Singapore. This is similar to the model that Tether says it follows. Whether you can trust it or not is a different question. What is clear is that these "reserve holders" are not really transparent and verifiable publicly. There is an inevitable central trusted party who says its worth that much. If you take their word then tokenization works. This centralization ensures that things like tokenized gold don't give the benefit that blockchains actually have, i.e. decentralization.

[Greatdev]

Some developers are just using these to take advantage of crypto investors, if they don't give you attractive use cases you won't invest, I remember how addictive A.I projects was before people finally realize that no AI project will work, millions of dollars were put on these projects because everyone believe they will work.

[Shasha80]

Many project developer wants to make something different, in order to attract investors. Even though not all ideas can be
implemented successfully, The 4 project ideas in the opening post must be avoided at this time. Since it won't work in
the crypto world anytime soon, only scammers will use it. So be careful if you find projects with 4 ideas that have been
mentioned.

[dimonstration]

You are absolutely right all those type of projects never worked and they almost all disappeared except Green Energy projects in which few are in progress and if the green energy billion-dollar sector supports them then these projects will make a good position in the crypto market.

Green projects should be backed and supported by the government to make it successful, as there are in needs to plan that are related to government positions. In terms of other projects there are too many alike projects that exist with them so only few became successful even real estates projects that are popular during ICO days in 2017 are not able to be too successful in these days.

[New_order]

I remember a AI project that said there will be robots serving as a bartenders, c'mon how is this even possible? I knew big companies that are into robots ai but they have zero interest in blockchain for now, every AI crypto projects are bunch of liars that have nothing to do with Artificial intelligence, we need to look very well before leaping

[kidbounty]

the only ones that were successful were the gambling projects, exchanges and means of payment. the rest is just a shit project. AI or VR is just a concept scammers use to raise money. from the beginning I also never believed in a project like this. Moreover, a project backed by gold can never be realized. but strangely there are still many people who wish a project like this a success and the platform is operational.

[noorman0]

A company that immerses itself in the crypto space does not necessarily mean that its products are implemented with blockchain technology. Their only reason is marketing, an effort to attract investors from the crypto space which is easier and less limited to certain people. There are indeed some projects that are forcing themselves to implement blockchain technology even though they are unnecessary and unrelated just to be attractive to crypto users. If their product or service is useless, what they are offering is in reality unattractive.

[JeotQ]

Virtual reality and AI are very promising use cases, I guess blockchain don't get need them for now, I have high hopes for these use cases but it seems blockchain isn't there right haven, the projects that works better in crypto world are financial projects, gambling projects and payment solution projects

[Twinkledoe]

Virtual reality and AI are very promising use cases, I guess blockchain don't get need them for now, I have high hopes for these use cases but it seems blockchain isn't there right haven, the projects that works better in crypto world are financial projects, gambling projects and payment solution projects

The vision is great but actual implementation is hard as it will not be a hit among the masses. Only few can afford this technology so if the project is not that strong and no solid backing, they will just abandon the project as they can't get sufficient number of clients. That's why a lot of VR or AI-related projects here are not moving forward, because of the fact that they can't get much interest from the community.

[Gayong88]

For the scamer there is no end. The concept of new endeavors is always born that can attract potential investors and participants by giving birth to new projects that look good and attractive. at least the picture you mentioned above is true and happens.

[Furryball]

Let's not mislead others, many AI and VR projects have good teams but they never knew that there won't be much interest on this use cases, they had to give a try and see how things work out for them, if things don't go as plan they have to quit and switch to other use cases. This doesn't mean they are complete scammers

[slaman29]

Virtual reality and AI are very promising use cases, I guess blockchain don't get need them for now, I have high hopes for these use cases but it seems blockchain isn't there right haven, the projects that works better in crypto world are financial projects, gambling projects and payment solution projects

Promising but not needed. Nice to have but no one is demanding it much I would say. All the AI blockchain projects I've seen? Liked the idea, even loved the idea of some but implementation is always severely disappointing for me, to the point I've swore of any type of AI blockchain project by now. It's just not the right time yet for consumer applications like this.

[BayAngelo]

What i know is that everything is possible. Developers can choose to apply data on the blockchain to predict the market. it is possible. the aspect of visual reality is what i don't think will be possible. in the Area of artificial intelligence. i think it is possible and people can make prediction and evaluation using data gathered on the blockchain.