What crypro / tokens has the most utility ? looks like all are useless

[gweb1996]

What crypro has the most utility ?

I worked with almost all important cryptos from coinmarketcap and none has real utility beside gambling ,either they are to complex to implement or useless.
None i can use as database ,very few you can bridge,none i can implement in real life projects ( open doors etc ) and almost all are difficult to integrate in projects to sell digital goods
I really hope someone will invent a usefull crypto for real world problems ,if crypto will continue on this path in a few years people will figure it out that almost all are useless...sry to say this but this is the truth.

Gold for example is a metal that you can shape / work in to objects and has physical / chemical properties that you can use + it's a limited resources.
Fiat / Crypto is some sort of storage of value with no real utility ... at least fiat i can use it as toilet paper or make fire if to cold outside.Crypto has zero use in real world,took me a few years to realize this.

[Jawhead999]

Is we're still need to discuss between physical and digital stuffs (again)?

What you mentioned above is physical utility from both gold and fiat, obviously Bitcoin doesn't have any physical utility since it's digital related stuff.

Bitcoin's main utility is breaking the control of centralized party, you don't need to rely on someone unlike banking system. The other utility is fast, secure, cheaper fees, can't be manipulated, transparent, speculative asset, etc.

Besides Bitcoin and Montero, I don't see any other crypto has an utility except money making.

[Darker45]

If fiat serves as a storage of value to you, then that's a real utility. But other than that, you can buy almost everything with Bitcoin, from a cup of coffee to pizza, apparels, groceries, meals, and even a piece of land, apartment, house, cars, and so on. You can pay bills with it, even your taxes. You cannot do it everywhere, of course. But you must also understand that adoption takes time. You know, fiat is hard to go up against.

In addition to that, remittance is another area where Bitcoin has valuable utility. And try moving millions across borders with your gold, it isn't as easy as doing it with your Bitcoin, and for a very small fee.

All these things you can do with Bitcoin, in the real world. But if you want to demand for an actual and physical utility of Bitcoin just like your fiat's function as a toilet paper, then you're asking a worm to fly. That's why Bitcoin is called a digital currency, my friend.

[electronicash]

Filecoin i think has a plan which you can use as a decentralized database, i'm however not aware of the development. but blockchain itself is a database it stores records of transactions. there are projects in which they store music files on blockchain if this is what you mean database.

but like Jawhead said, crypto is more digital. you can see all around such as NFT, gaming and finance.

[mk4]

Ehh that ain't really a new criticism of altcoins lol; if anything it's common opinion. Most cryptocurrency platforms (mostly lending and trading platforms) that have their own token mostly don't have any utility besides the tokens being pseudo-equity(via having a share of revenue) and governance.

[adaseb]

Honestly, most are useless. Even those gaming tokens, they are a good idea however the games are horrible and don’t really add much in reality.

I think most of the reasons why many of these tokens or altcoins pump it’s due to speculation. Most of tokens have good marketing and traders see that it might pump in the future and that’s why they buy it.

However outside of BTC, ETH or stablecoins which altcoin did you actually use in the past to buy goods and services? Probably none.

[jackg]

Most early days of technologies are tedious and slow and a lot of things can seem counter productive.

If you look here for example, the first mobile phones are claimed to have started service in 1946/

The call subscriber equipment weighed about 80 pounds (36 kg)[23]

Subscriber growth and revenue generation were hampered by the constraints of the technology. Because only three radio channels were available, only three customers in any given city could make mobile telephone calls at one time

Ref: https://en.m.wikipedia.org/wiki/History_of_mobile_phones


This might've been one on the main reasons bitcoin was released as an open source technology and why most of its adopters embrace that part of it in particular (among other reasons for it being open source - eg trustless).

(things on the Internet are developed much faster than things were when companies are trying to chase each other to patent other things and spend resources on enforcing their own patents/secret keeping). At the moment, bitcoin and eth are the main coins with strong ish use cases (other coins are beneficial for fees sometimes but certainly not as many as are being used/traded, most of those won't last long or will become more like testnet versions of the major crypto currencies).

[mindrust]

Bitcoin has the best utility imo.

You can send end receive wealth without the need of using banks. If that’s not utility, then I don’t know what is.

Bitcoin is not as  cheap as it use to be but still cheaper than the traditional banks and it doesn’t require KYC.

[mk4]

Honestly, most are useless. Even those gaming tokens, they are a good idea however the games are horrible and don’t really add much in reality.

They actually have a use, just like how currencies and items on MMORPGs also have their uses. It's just that the current "blockchain games" are totally crap and only have players because of the earning side of things, rather than enjoying the gameplay itself. That's why the economies of these games are totally wrecked lol.

[bittraffic]

Is we're still need to discuss between physical and digital stuffs (again)?

What you mentioned above is physical utility from both gold and fiat, obviously Bitcoin doesn't have any physical utility since it's digital related stuff.

Bitcoin's main utility is breaking the control of centralized party, you don't need to rely on someone unlike banking system. The other utility is fast, secure, cheaper fees, can't be manipulated, transparent, speculative asset, etc.

Besides Bitcoin and Montero, I don't see any other crypto has an utility except money making.

I think there is already a physical stuff like the QR code for verifying the product to be authentic. I can't remember the other project but one was Vechain. Its sort of related to supply chain which I believe Nike shoes implemented such blockchain system.  VET token however is not very attractive because of its price decline and team is from China which its government is not very friendly to crypto. This is just what I have read on article sites though.

Source: https://cointelegraph.com/news/blockchain-verifies-the-authenticity-of-non-genuine-nikes

[Mauser]

Gold for example is a metal that you can shape / work in to objects and has physical / chemical properties that you can use + it's a limited resources.
Fiat / Crypto is some sort of storage of value with no real utility ... at least fiat i can use it as toilet paper or make fire if to cold outside.Crypto has zero use in real world,took me a few years to realize this.

So because Gold can be shaped into rings and other nice objects the price should be at 1,886 USD? Doesn't sound very realistic to me. If investors wouldn't look at Gold as a form to store value safely, the value would be much lower. The value here doesn't come from it's possibility to be used as jewelry or in some industrial production, but rather from the demand from investors. Your argument there the utility is what makes these commodities so valuable and high in price is not valid. Also you would use a 100 USD bill as toilet paper, which cost like 2 cents? Or maybe make a fire with it? Not very realistic. The utility from crypto currencies comes obviously from it's independence and the easy to use feature. All around the world we can exchange crypto currencies for goods and other money without the government interfering too much with our transactions.

[hatshepsut93]

Your average crypto investor doesn't understand the technology, they easily eat all the marketing prepared by altcoin advertisers and truly believe that they are investing in a "good project". I wouldn't be so sure that in a few years everyone will view crypto as a failure. If some magic crystals or homeopathy can remain lucrative for decades, why altcoins can't? As long as manipulators will orchestrate pump and dumps, there will be people who think that they can profit from big price movements.

[avikz]

To be honest, I don't think we need majority of the cryptos to exist. But it's a free market so you can't stop anyone from launching a new coin and hence the market is overloaded with numerous coins without any utility.

I personally handle only four cryptos.

1. Bitcoin
2. ETH
3. BNB (as an alternative to ETH as the gas fee is really high atm)
4. USDT (for trading)

I do have investments in other cryptoa but when it comes to usage, I don't think we need to look any further beyond these four.

[boyptc]

Gold for example is a metal that you can shape / work in to objects and has physical / chemical properties that you can use + it's a limited resources.

But you can use it directly to purchase things, so this is a tie with bitcoin and the other cryptos. On the other side for bitcoin, there are shops and merchants that do accept it as payment.

Fiat / Crypto is some sort of storage of value with no real utility ... at least fiat i can use it as toilet paper or make fire if to cold outside.Crypto has zero use in real world,took me a few years to realize this.

Well, if you're not seeing the utility that bitcoin has then you have to take a look at it again and analyze how many uses it got.

And if that's what you've finally realized, that's okay. Just always take a closer look with the market's roller coaster ride.

[FairUser]

What crypro has the most utility ?

From your perspective, I, or everyone in this space, will have a common voice. We can find them useful or useless, but only the exaggeration of the price makes the confusion about the quality of what we're seeing. While there are currently some things that are solving technology problems and are also in the process of research and development, many people overestimate their capabilities. I also have my own personal views on the things I know and the things I don't, but an objective view of the potential comes with the fact that they deserve what they are, and the answer will probably still be yes or no.

[barbara44]

If we are talking about crypto with the most utility then that would only be bitcoin, nothing more nothing less. Bitcoin can be used in almost anything that you can imagine. Not all cryptos are useless but most of them yes. They are mostly new coins/tokens, that are only created for the sole purpose of cash grabbing. Stay away from them but better if you can focus on a much older coin just to be safe.

What real world problems are you trying to solve anyway? I think that was not the obligation of cryptos anymore but cryptos primarily use are supposed to be for payments only and the other extra use that we can see right now is only just a bonus. Its the government that should act to solve the real world problems.

[fiulpro]

The utility is honestly very complicated thing it's not just dependent on the user but also provided and at the same time you have to follow the laws of the government as well, therefore when you are talking about utility it's more about : where ? For what ?

Most of the cryptos are not useless let us understand the fact that there are some countries where people are able to use it for normal business because it's adopted by them and it's permitted by the law as well therefore it makes these tokens much more important in some countries and communities.

Gambling ofc it's a big industry especially crypto gambling which honestly boomed a lot after the pandemic as well. Other than that as an asset it's always a very useful tool and for international transactions as well but ofc limited everywhere due to the governmental policies.

[Hydrogen]

Most assets do not perform well during bear markets and times of high inflation. Economic contraction is correlated with the opposite of investment gains.

One place to look for potential investments during bear markets and inflation is to keyword search: best recession performing assets.

There are many pieces published over the years, which reference the best performing industries and assets under similar historical circumstances to the present.

If crypto can be correlated with bitcoin 4 year boom and bust cycles, it is possible we're in something resembling a bust cycle now. With the next boom cycle due on the next btc mining rewards halving.

[Similificator]

What crypro has the most utility ?

I worked with almost all important cryptos from coinmarketcap and none has real utility beside gambling ,either they are to complex to implement or useless.
None i can use as database ,very few you can bridge,none i can implement in real life projects ( open doors etc ) and almost all are difficult to integrate in projects to sell digital goods
I really hope someone will invent a usefull crypto for real world problems ,if crypto will continue on this path in a few years people will figure it out that almost all are useless...sry to say this but this is the truth.

Gold for example is a metal that you can shape / work in to objects and has physical / chemical properties that you can use + it's a limited resources.
Fiat / Crypto is some sort of storage of value with no real utility ... at least fiat i can use it as toilet paper or make fire if to cold outside.Crypto has zero use in real world,took me a few years to realize this.

There are tons of shitcoins out there right now I agree but there are also others that have real utility either for ease of access for something, fun, satisfying or whatever plus the profitability potential. What you are saying is that there are no real utilities right? Well those are and there's a reason why these coins increase in price specially the ones that have been here for a long time.

What I'm trying to say is that it mainly depends on the perspective of a person and what he needs. And we all know how diversified our minds and lives are which results in a huge variety of needs and wants. The reason why you are saying that might be because you yourself haven't found a "real" utility that you need or is up to your standards.

While I agree that we still lack some real utilities to solve some existing problems in and outside of crypto industry, I believe that we are already heading into the right direction and it would only be a matter of time until we see tons of better projects popping up or already existing projects reaching parts of their roadmaps that offer better solutions whatsoever.

[The Sceptical Chymist]

Besides Bitcoin and Montero, I don't see any other crypto has an utility except money making.

Why even include bitcoin in that short list, since it doesn't even have half the privacy functionality of Monero?

If you were to look through my post history, I was saying years ago that 99.99% of altcoins are destined for extinction (eventually), and while I still think that's true, it's taking a lot longer than I thought it would.  Not only that, there seem to be more coins than ever coming into the market, and for the life of me I can't see what advantages they have over what's already available.

OP is right; most coins are only good for gambling--and by "gambling" I mean "speculating", because I don't think online casinos even let you place bets with some of the more obscure altcoins.  It's been that way since the first altcoins were introduced, and it doesn't look like anything's changing or ever will.  Instead of railing against how much crap there is on CMC, vote with your wallet and don't support shitty altcoins.  The only reason they exist is because people are willing to speculate on them, right?