Bitcoin Forum
April 02, 2026, 06:35:29 PM *
News: Latest Bitcoin Core release: 30.2 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 »  All
  Print  
Author Topic: Is there anything new among all the noise?  (Read 391 times)
Drawesome (OP)
Full Member
***
Offline Offline

Activity: 332
Merit: 186


DAO-VERIFATION: 8763GJ


View Profile
December 22, 2024, 07:36:16 AM
 #1

I keep checking out altcoin projects hoping to find something fresh or truly innovative, but it’s starting to feel like just noise—people waiting for history to repeat so they can cash out big.

Has anyone ever seriously tried building a community-driven project focused on real adoption and utility, without giving unfair advantages? Sure, it’s not going to bring too much investment, but long-term, it could be a huge deal.

Any projects out there that actually excite you? Not about 100x —about real change.




hugeblack
Legendary
*
Offline Offline

Activity: 3206
Merit: 4539


♻️ Automatic Exchange


View Profile WWW
December 22, 2024, 09:50:05 AM
Merited by coin-investor (1), Drawesome (1)
 #2


Any projects out there that actually excite you? Not about 100x —about real change.
It depends on what you are looking for, whether it is technical development, usage or promotion. Most new projects focus on layer 2 solutions or decentralized exchanges and bridges, it is rare to find a new altcoin with revolutionary ideas.

░░░░▄▄████████████▄
▄████████████████▀
▄████████████████▀▄█▄
▄██████▀▀░░▄███▀▄████▄
▄██████▀░░░▄███▀▀██████▄
██████▀░░▄████▄░░░▀██████
██████░░▀▀▀▀▄▄▄▄░░██████
██████▄░░░▀████▀░░▄██████
▀██████▄▄███▀░░░▄██████▀
▀████▀▄████░░▄▄███████▀
▀█▀▄████████████████▀
▄████████████████▀
▀████████████▀▀░░░░
 
 CCECASH 
markm
Legendary
*
Offline Offline

Activity: 3360
Merit: 1240



View Profile WWW
December 22, 2024, 12:33:00 PM
Merited by hugeblack (2), Drawesome (1)
 #3


DMD Diamond has been community-driven for well over a decade now and still going well.

It has been a good earner for me and likely many others all along through bull and bear.

It is about to launch its version 4 any time now plus the Galactic Milieu plans to keep version 3 running.

So after using your private keys in v3 to sign messages to claim your DMD coins on v4, the v3 coins will also continue to have use in the Milieu.

Not sure why its price has been slammed down so far recently maybe people wanting holiday money or something but that just means now is an excellent buying opportunity.

https://bit.diamonds/


-MarkM-


Browser-launched Crossfire client now online (select CrossCiv server for Galactic  Milieu)
Free website hosting with PHP, MySQL etc: http://hosting.knotwork.com/
pakhitheboss
Hero Member
*****
Offline Offline

Activity: 2380
Merit: 883


Top Crypto Casino


View Profile WWW
December 22, 2024, 12:35:02 PM
Merited by Drawesome (1)
 #4

Any projects out there that actually excite you? Not about 100x —about real change.

Long term community driven project is slowly becoming a myth. As of now the cryptocurrency community is only interested in short term gain that is why they are after meme coin narrative regardless of the blockchain they are being released. What I am seeing is a change in narrative now and I don't think the hype will go down.

Check whattomine to find new utility based coins that have their own blockchain and then make your own decision.

███████████████████████
████▐██▄█████████████████
████▐██████▄▄▄███████████
████▐████▄█████▄▄████████
████▐█████▀▀▀▀▀███▄██████
████▐███▀████████████████
████▐█████████▄█████▌████
████▐██▌█████▀██████▌████
████▐██████████▀████▌████
█████▀███▄█████▄███▀█████
███████▀█████████▀███████
██████████▀███▀██████████

███████████████████████
.
BC.GAME
▄▄▀▀▀▀▀▀▀▄▄
▄▀▀░▄██▀░▀██▄░▀▀▄
▄▀░▐▀▄░▀░░▀░░▀░▄▀▌░▀▄
▄▀▄█▐░▀▄▀▀▀▀▀▄▀░▌█▄▀▄
▄▀░▀░░█░▄███████▄░█░░▀░▀▄
█░█░▀░█████████████░▀░█░█
█░██░▀█▀▀█▄▄█▀▀█▀░██░█
█░█▀██░█▀▀██▀▀█░██▀█░█
▀▄▀██░░░▀▀▄▌▐▄▀▀░░░██▀▄▀
▀▄▀██░░▄░▀▄█▄▀░▄░░██▀▄▀
▀▄░▀█░▄▄▄░▀░▄▄▄░█▀░▄▀
▀▄▄▀▀███▄███▀▀▄▄▀
██████▄▄▄▄▄▄▄██████
.
..CASINO....SPORTS....RACING..


▄▄████▄▄
▄███▀▀███▄
██████████
▀███▄░▄██▀
▄▄████▄▄░▀█▀▄██▀▄▄████▄▄
▄███▀▀▀████▄▄██▀▄███▀▀███▄
███████▄▄▀▀████▄▄▀▀███████
▀███▄▄███▀░░░▀▀████▄▄▄███▀
▀▀████▀▀████████▀▀████▀▀
Drawesome (OP)
Full Member
***
Offline Offline

Activity: 332
Merit: 186


DAO-VERIFATION: 8763GJ


View Profile
December 22, 2024, 02:51:09 PM
 #5


Any projects out there that actually excite you? Not about 100x —about real change.
It depends on what you are looking for, whether it is technical development, usage or promotion. Most new projects focus on layer 2 solutions or decentralized exchanges and bridges, it is rare to find a new altcoin with revolutionary ideas.
You're right , technical solutions like L2, bridges, etc., are things that drive the ecosystem forward. But beyond that, all I see is pure speculation, and the tokenomics don't incentivize long-term or sustainable projects. The revolutionary idea I'm looking for is more about a system of incentives that shifts this centralization of power and enables projects to grow with a large, engaged base behind them, grounded in real use cases with economic impact beyond speculation.
Thanks for your comment


DMD Diamond has been community-driven for well over a decade now and still going well.

Thanks! I didn't hear about this and it seems interesting. About market, paradoxically the more community driven the less exposure to market (marketing, FOMO, etc.)

Long term community driven project is slowly becoming a myth

I agree with you, is a myth. Let's hope something different will emerge somehow. Thanks for the tip.
coin-investor
Hero Member
*****
Offline Offline

Activity: 3514
Merit: 627


Leading Crypto Sports Betting & Casino Platform


View Profile
December 22, 2024, 03:45:47 PM
Merited by Drawesome (1)
 #6

it is rare to find a new altcoin with revolutionary ideas.

So many projects boast that they have revolutionary ideas. If you check out the project development section, newbies are soliciting money because they have these revolutionary ideas, but at the end, its just a resurgence or a copy of dead coins/tokens.
All we're seeing now are pump and dump, hype, and memes. People are looking to make 100x profit, so they prefer the narratives of memes to projects' usecases.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Drawesome (OP)
Full Member
***
Offline Offline

Activity: 332
Merit: 186


DAO-VERIFATION: 8763GJ


View Profile
December 23, 2024, 07:02:16 AM
 #7

it is rare to find a new altcoin with revolutionary ideas.

So many projects boast that they have revolutionary ideas. If you check out the project development section, newbies are soliciting money because they have these revolutionary ideas, but at the end, its just a resurgence or a copy of dead coins/tokens.
All we're seeing now are pump and dump, hype, and memes. People are looking to make 100x profit, so they prefer the narratives of memes to projects' usecases.
Totally, but it's a shame that the potential for cohesion this has isn't used to build something real. I spent years deceived by the narrative, but seeing the same thing over and over again makes you pessimistic. Once, we tried to create something cross-cutting in a well-known L2, and we were attacked without any arguments by those who came just to fund themselves and make money. They were organized and motivated, while we were volunteers giving our time. On top of that, the foundation is scared of people taking control away from them.
hugeblack
Legendary
*
Offline Offline

Activity: 3206
Merit: 4539


♻️ Automatic Exchange


View Profile WWW
December 23, 2024, 08:25:53 AM
 #8

Totally, but it's a shame that the potential for cohesion this has isn't used to build something real. I spent years deceived by the narrative, but seeing the same thing over and over again makes you pessimistic.
As an investor, it is better to search for projects before there is any hype around them. If you find the hype starting and your chance to make a profit is guaranteed, then I think it is the right time to sell and not buy. In short, it is a skill that you acquire with more research and analysis of what the market wants. In the end, invest in Bitcoin then  put part of your Bitcoin investment profits in these projects.

░░░░▄▄████████████▄
▄████████████████▀
▄████████████████▀▄█▄
▄██████▀▀░░▄███▀▄████▄
▄██████▀░░░▄███▀▀██████▄
██████▀░░▄████▄░░░▀██████
██████░░▀▀▀▀▄▄▄▄░░██████
██████▄░░░▀████▀░░▄██████
▀██████▄▄███▀░░░▄██████▀
▀████▀▄████░░▄▄███████▀
▀█▀▄████████████████▀
▄████████████████▀
▀████████████▀▀░░░░
 
 CCECASH 
Sanitough
Hero Member
*****
Offline Offline

Activity: 3360
Merit: 782

Enjoying my crypto life


View Profile
December 23, 2024, 09:02:43 PM
 #9

Combine the hype with a revolutionary purpose, and you have the best recipe for a project to succeed. There are plenty of altcoins in the market with solid purposes, but if they can’t market their project effectively, their vision becomes useless like a talent that remains undiscovered.

Think about it: if meme coins, which are practically useless, can gain massive attention from investors just because of hype, then coins with real purpose definitely deserve more. But it all starts with how well the project is marketed, that’s why it’s important to look at the team behind the project and see if they’re capable of building that hype. Eventually, as an altcoin gains traction, its price will pump. So, if you can position yourself early, before the hype fully takes off, you might benefit significantly.
markm
Legendary
*
Offline Offline

Activity: 3360
Merit: 1240



View Profile WWW
December 23, 2024, 09:41:02 PM
 #10


That sounds like an opportunity for people who are good at marketing.

Buy things cheap and hype them. Smiley


-MarkM-


Browser-launched Crossfire client now online (select CrossCiv server for Galactic  Milieu)
Free website hosting with PHP, MySQL etc: http://hosting.knotwork.com/
albon
Legendary
*
Online Online

Activity: 2394
Merit: 2177



View Profile
December 23, 2024, 10:38:20 PM
 #11

Combine the hype with a revolutionary purpose, and you have the best recipe for a project to succeed. There are plenty of altcoins in the market with solid purposes, but if they can’t market their project effectively, their vision becomes useless like a talent that remains undiscovered.

Think about it: if meme coins, which are practically useless, can gain massive attention from investors just because of hype, then coins with real purpose definitely deserve more. But it all starts with how well the project is marketed, that’s why it’s important to look at the team behind the project and see if they’re capable of building that hype. Eventually, as an altcoin gains traction, its price will pump. So, if you can position yourself early, before the hype fully takes off, you might benefit significantly.
This is true, and it is unfortunate that the meme sector dominates the hype. This reflects the high level of greed among investors or traders who aren't looking for long-term investments and a project that has innovative technology and the like but rather are only interested in making massive profiits from their investments as quickly as possible, gambling with their capital. Just look at the support from CEX platforms for these meme coins and their listing, despite the risks they carry and the zero real value they hold, simply because they have huge communities that other projects in the market, which have promising technology and skilled teams, don't have.

So far, I haven't come across any unique technologies, apart from the initial altcoins that emerged with these technologies. Now, most of them are imitative projects, and some tech-based projects could also be scams to steal investors’ money, such as AI projects and the like. Indeed, marketing plays an important factor in the success of any project. Perhaps those behind these projects are not handling it properly due to lack of funding and investors' interest,  which makes the continuation of the project a challenge,, ultimately leading to its failure or lack of the hype we see in these meme projects, which cost very little to launch.

█████████████████████████
██
█████▀▀███████▀▀███████
█████▀░░▄███████▄░░▀█████
██▀░░██████▀░▀████░░▀██
██▀░░▀▀▀████████████░░▀██
██░░█▄████▀▀███▀█████░░██
██░░███▄▄███████▀▀███░░██
██░░█████████████████░░██
██▄░░████▄▄██████▄▄█░░▄██
██▄░░██████▄░░████░░▄██
█████▄░░▀███▌░░▐▀░░▄█████
███████▄▄███████▄▄███████
█████████████████████████
.
.ROOBET 2.0..██████.IIIIIFASTER & SLEEKER.██████.
|

█▄█
▀█▀
████▄▄██████▄▄████
█▄███▀█░░█████░░█▀███▄█
▀█▄▄░▐█████████▌▄▄█▀
██▄▄█████████▄▄████▌
██████▄▄████████
█▀▀████████████████
██████
█████████████
██
█▀▀██████████████
▀▀▀███████████▀▀▀▀
|.
    PLAY NOW    
beerlover
Legendary
*
Offline Offline

Activity: 3402
Merit: 1207


Bitz.io Best Bitcoin and Crypto Casino


View Profile
December 24, 2024, 05:25:50 AM
 #12

I keep checking out altcoin projects hoping to find something fresh or truly innovative, but it’s starting to feel like just noise—people waiting for history to repeat so they can cash out big.

Has anyone ever seriously tried building a community-driven project focused on real adoption and utility, without giving unfair advantages? Sure, it’s not going to bring too much investment, but long-term, it could be a huge deal.

Any projects out there that actually excite you? Not about 100x —about real change.
Not really, nothing huge at least, or at least nothing that I could find, I do not believe that it will be a great period, so I am trying to stay away from it as much as I can. Doesn't mean I am not going to end up with anything great eventually, we could always find one in the future, there could be a great one eventually, it's just that it is not right now, and that's why I am not doing it.

And once again I would like to mention that, just because I didn't find any that has a great future, doesn't mean there isn't one, it is just that there isn't any obvious one because I couldn't find one, but if you could research better than me, maybe you could find one that I couldn't. So keep on searching, I am sure we will eventually get one.

█ 
███████▄▄███▄███▄
███▄▄████████▌██
▄█████████████▐██▌
██▄███████████▌█▌
███████▀██████▐▌█
██████████████▌▌▐
████████▄███████▐▐
█████████████████
███████████████▄██▄
██████████████▀▀▀
█████▀███▀▀▀
Bitz.io█ ████████▄████▄▄▄█████▄▄
██████▄████████▀▀██▀▀
█████▀▀█████▀▀▄▄█
███████████▄▀▀██
███████████████▐▌
███████████████▐▌
███▄▄████▄▄▄██▄▄
▄█████████████████████▄
████████████████████
██
█████████████████████
▀██
█████████████████████▀
▀████
█████████████████▀
███▀▀████▀▀██▀▀█████▀▀
98%
RTP
▄▄███████▄▄
███████████████▄
▄███████████████████▄
▄██████████████
██████▄
▄██████████████████████
████████████████████████
███████████████████████
██████████████████████
████████████████████████
▀█████████████████████▀
███████████████████▀
███████████████▀
▀▀███████▀▀
HIGH
ODDS
 █ PLAY NOW   
Pandorak
Sr. Member
****
Online Online

Activity: 812
Merit: 406


An Sr. Member who wants to become a ₿ maxi


View Profile WWW
December 24, 2024, 07:03:27 AM
 #13

I keep checking out altcoin projects hoping to find something fresh or truly innovative, but it’s starting to feel like just noise—people waiting for history to repeat so they can cash out big.

Has anyone ever seriously tried building a community-driven project focused on real adoption and utility, without giving unfair advantages? Sure, it’s not going to bring too much investment, but long-term, it could be a huge deal.

Any projects out there that actually excite you? Not about 100x —about real change.

A lot of people want it, people seriously want to build something but it's very difficult to happen, especially when it comes to money, a lot of people get into a project just to make a profit and then get out, in the end there is nothing they really care about other than money.

R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT|
4,000+ GAMES
███████████████████
██████████▀▄▀▀▀████
████████▀▄▀██░░░███
██████▀▄███▄▀█▄▄▄██
███▀▀▀▀▀▀█▀▀▀▀▀▀███
██░░░░░░░░█░░░░░░██
██▄░░░░░░░█░░░░░▄██
███▄░░░░▄█▄▄▄▄▄████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█████████
▀████████
░░▀██████
░░░░▀████
░░░░░░███
▄░░░░░███
▀█▄▄▄████
░░▀▀█████
▀▀▀▀▀▀▀▀▀
█████████
░░░▀▀████
██▄▄▀░███
█░░█▄░░██
░████▀▀██
█░░█▀░░██
██▀▀▄░███
░░░▄▄████
▀▀▀▀▀▀▀▀▀
|||
▄▄████▄▄
▀█▀
▄▀▀▄▀█▀
▄░░▄█░██░█▄░░▄
█░▄█░▀█▄▄█▀░█▄░█
▀▄░███▄▄▄▄███░▄▀
▀▀█░░░▄▄▄▄░░░█▀▀
░░██████░░█
█░░░░▀▀░░░░█
▀▄▀▄▀▄▀▄▀▄
▄░█████▀▀█████░▄
▄███████░██░███████▄
▀▀██████▄▄██████▀▀
▀▀████████▀▀
.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀
███▀▄▀█████████████████▀▄▀
█████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀
███████▀▄▀██████░█▄▄▄▄▄▄▄▄
█████████▀▄▄░███▄▄▄▄▄▄░▄▀
███████████░███████▀▄▀
███████████░██▀▄▄▄▄▀
███████████░▀▄▀
████████████▄▀
███████████
▄▄███████▄▄
▄████▀▀▀▀▀▀▀████▄
▄███▀▄▄███████▄▄▀███▄
▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄
▄██▀▄███░░░▀████░███▄▀██▄
███░████░░░░░▀██░████░███
███░████░█▄░░░░▀░████░███
███░████░███▄░░░░████░███
▀██▄▀███░█████▄░░███▀▄██▀
▀██▄▀█▄▄▄██████▄██▀▄██▀
▀███▄▀▀███████▀▀▄███▀
▀████▄▄▄▄▄▄▄████▀
▀▀███████▀▀
OFFICIAL PARTNERSHIP
SOUTHAMPTON FC
FAZE CLAN
SSC NAPOLI
Drawesome (OP)
Full Member
***
Offline Offline

Activity: 332
Merit: 186


DAO-VERIFATION: 8763GJ


View Profile
December 24, 2024, 07:09:55 AM
 #14

You make some excellent observations. Indeed, a significant portion of crypto projects’ market capitalization appears to be driven by hype and marketing rather than intrinsic value. The fact that Bitcoin’s recent all-time high (ATH) did not trigger a similar surge in altcoins is noteworthy and suggests that speculation alone cannot sustain the broader market.

In my view, the only way for a crypto project to achieve the transformative impact we’ve been promised for so many years is for it to derive actual economic benefits in the real world, rather than functioning solely as a speculative, zero-sum venture. This goal remains elusive for several reasons: misaligned industry incentives that reward profit-taking on decentralized exchanges (DEXs) despite flawed tokenomics; substantial technical barriers that continue to deter mainstream adoption; and regulatory hurdles that have shown they can quickly dismantle projects encroaching on traditional financial domains.
markm
Legendary
*
Offline Offline

Activity: 3360
Merit: 1240



View Profile WWW
December 24, 2024, 10:54:25 AM
 #15

I have never been one of the bitcoin maximalists who think we only need one coin and that that is bitcoin.

Rather I have always figured it is best to have a selection to choose from, and that they can serve different macro-purposes.

As the alternatives have multiplied it has over time become even more apparent that variety is very useful.

A few general variations have started to come into focus for me...

Initially, anything other than fiat to pair against bitcoin, to trade, to benefit in both directions, gaining both bitcoin and the other of the pair in the relative ups and downs.

Later as it became apparent not everything was being paired against fiat, in fact for a while bitcoin was almost the only one paired against fiat, thus that bitcoin was a major cashing-out route for pretty much anything and everything else, bitcoin seemed to lose a part of its store of value quality to the fact that all profits in everything else were putting downward pressure on bitcoin price by people (including myself) using bitcoin as a route out to fiat to "pay the bills", everyday expenses and so on.

Basically too many times when it came to taking out some profit to pay the bills the need to do so became too urgent to wait for the best moment to sell the bitcoins, too urgent to just list them for sale at a profitable price and wait for price to rise enough that my sell offer got "taken". I basically "dumped", became a "taker" due to stupid pressure from expenses.

Not a matter of investing more fiat than I could afford since I don't invest fiat, my income is crypto-side income, though I suppose one could turn it around and say I was "investing" more into fiat than I could afford, but that isn't correct either as I was then squandering the fiat on power bills and groceries and vehicle repairs and gasoline and so on rather than "investing" in fiat.

But the point is by acting as conduit out to fiat for oodles of people's profits, bitcoin's pure store of value quality suffers.

A more pure store of value is possible, a purity it is very likely a whole lot of bitcoiners have been and continue to be in a secure enough economic position to stick to: a position of never selling any of it to buy offers, always and only place it for sale above the highest buy offer and wait for price to get there.

Heck there are likely some folk out there who can do better even than that, since that still can suffer from "race to the bottom" conditions as everyone struggles to place their sell offer lower than the existing lowest one in order to be "first out".

Nowadays bitcoin is not the only conduit out to fiat for a whole bunch of other cryptos.

But still I have been starting to figure that a useful category would be things that aren't on the direct route out to fiat from other things.

Such a thing could even be tradable directly against fiat, though that would bring fiat speculators into it; but possibly best way to set it up, at least for bitcoiners, would be to have it be almost a bitcoin backup ballast, it would probably be something that starts as a kind of convention among a few players that they not only are not going to "dump" it onto buy offers but also aren't going to place any sell offers any cheaper in bitcoin price. So a pair where anyone and everyone can see that it is intended to store and compress (pack more per unit over time) value.

It might even be possible to set such a thing up algorithmically, maybe initially via "smart contracts" until the algorithm is down pat since presumably smart contracts are theoretically useful for proptotyping ideas that aren't down pat enough to build right into something directly/natively.

Obviously locking value up permanently wouldn't fly, that would be pretty much the same in effect as burning it.

But maybe something like a Corp, corporation, company or fund with some kind of "eventual dissolve" clause, even a clause as simple as "when X% of holders vote to do so" might do.

As long as it is known that eventually the stored value can come out of storage, it can be seen as stored rather than for practical purposes burned.

Bitcoin already works fine though, really, under all its dips in value caused by speculators, panic sellers, and its use as a conduit out to fiat there probably really is a population that is stockpiling enough other liquid assets to pair it against to provide some floor value, some pretty much total "support" level that we just cannot see except maybe in glimpses as lows that over time keep on failing to reach all time lows as it were.

The "treasuries" system the Galactic Milieu uses, made necessary by the chronic failure of players to also act as full time market-makers and arbitrageurs on the side as well as or even instead of actually playing any of the game's multiple facets, is in a sense a kind of prototype toward such a store of value idea in the way it does literally store assets from which it then computes values.

It is still not a pure store of value of course, not only because it actually stores actual assets not pure abstract value but also because it uses non-reserve assets in addition to the reserve assets that are eligible for use in the treasuries. The treasuries provide the game with computed values of its reserve assets but the attempt is still made to build "buy sides" on spot markets so market-makers and arbitrageurs are still wanted it is just that since historically they very clearly fail to make the markets "efficient" it has been necessary to provide the game with an alternative method of computing relative value.

In other words it is not pure because it actually requires more value than that which is stored; the excess value in "slush funds" and "buy sides on exchanges" and even in "unsold inventory of inventory items not necessarily of monetary-asset nature" and so on required to build buy-sides for everything and to provide the actual games and in-game items and eventually graphical and musical and intellectual-property-ical etc etc etc "assets" ultimately mean storing a given quantity of pure abstract "value" requires more such "value" than is reliably/officially "stored".


-MarkM-


Browser-launched Crossfire client now online (select CrossCiv server for Galactic  Milieu)
Free website hosting with PHP, MySQL etc: http://hosting.knotwork.com/
john_egbert
Member
**
Offline Offline

Activity: 532
Merit: 16

This session was never meant to bear fruit.


View Profile
December 24, 2024, 11:03:52 AM
 #16

I keep checking out altcoin projects hoping to find something fresh or truly innovative, but it’s starting to feel like just noise—people waiting for history to repeat so they can cash out big.

Has anyone ever seriously tried building a community-driven project focused on real adoption and utility, without giving unfair advantages? Sure, it’s not going to bring too much investment, but long-term, it could be a huge deal.

Any projects out there that actually excite you? Not about 100x —about real change.

A lot of people want it, people seriously want to build something but it's very difficult to happen, especially when it comes to money, a lot of people get into a project just to make a profit and then get out, in the end there is nothing they really care about other than money.

That's what new alts are mostly about nowadays.
 Smiley

Drawesome (OP)
Full Member
***
Offline Offline

Activity: 332
Merit: 186


DAO-VERIFATION: 8763GJ


View Profile
December 25, 2024, 06:52:05 AM
 #17

I have never been one of the bitcoin maximalists who think we only need one coin and that that is bitcoin.

Rather I have always figured it is best to have a selection to choose from, and that they can serve different macro-purposes.

As the alternatives have multiplied it has over time become even more apparent that variety is very useful.

A few general variations have started to come into focus for me...

Initially, anything other than fiat to pair against bitcoin, to trade, to benefit in both directions, gaining both bitcoin and the other of the pair in the relative ups and downs.

Later as it became apparent not everything was being paired against fiat, in fact for a while bitcoin was almost the only one paired against fiat, thus that bitcoin was a major cashing-out route for pretty much anything and everything else, bitcoin seemed to lose a part of its store of value quality to the fact that all profits in everything else were putting downward pressure on bitcoin price by people (including myself) using bitcoin as a route out to fiat to "pay the bills", everyday expenses and so on.

Basically too many times when it came to taking out some profit to pay the bills the need to do so became too urgent to wait for the best moment to sell the bitcoins, too urgent to just list them for sale at a profitable price and wait for price to rise enough that my sell offer got "taken". I basically "dumped", became a "taker" due to stupid pressure from expenses.

Not a matter of investing more fiat than I could afford since I don't invest fiat, my income is crypto-side income, though I suppose one could turn it around and say I was "investing" more into fiat than I could afford, but that isn't correct either as I was then squandering the fiat on power bills and groceries and vehicle repairs and gasoline and so on rather than "investing" in fiat.

But the point is by acting as conduit out to fiat for oodles of people's profits, bitcoin's pure store of value quality suffers.

A more pure store of value is possible, a purity it is very likely a whole lot of bitcoiners have been and continue to be in a secure enough economic position to stick to: a position of never selling any of it to buy offers, always and only place it for sale above the highest buy offer and wait for price to get there.

Heck there are likely some folk out there who can do better even than that, since that still can suffer from "race to the bottom" conditions as everyone struggles to place their sell offer lower than the existing lowest one in order to be "first out".

Nowadays bitcoin is not the only conduit out to fiat for a whole bunch of other cryptos.

But still I have been starting to figure that a useful category would be things that aren't on the direct route out to fiat from other things.

Such a thing could even be tradable directly against fiat, though that would bring fiat speculators into it; but possibly best way to set it up, at least for bitcoiners, would be to have it be almost a bitcoin backup ballast, it would probably be something that starts as a kind of convention among a few players that they not only are not going to "dump" it onto buy offers but also aren't going to place any sell offers any cheaper in bitcoin price. So a pair where anyone and everyone can see that it is intended to store and compress (pack more per unit over time) value.

It might even be possible to set such a thing up algorithmically, maybe initially via "smart contracts" until the algorithm is down pat since presumably smart contracts are theoretically useful for proptotyping ideas that aren't down pat enough to build right into something directly/natively.

Obviously locking value up permanently wouldn't fly, that would be pretty much the same in effect as burning it.

But maybe something like a Corp, corporation, company or fund with some kind of "eventual dissolve" clause, even a clause as simple as "when X% of holders vote to do so" might do.

As long as it is known that eventually the stored value can come out of storage, it can be seen as stored rather than for practical purposes burned.

Bitcoin already works fine though, really, under all its dips in value caused by speculators, panic sellers, and its use as a conduit out to fiat there probably really is a population that is stockpiling enough other liquid assets to pair it against to provide some floor value, some pretty much total "support" level that we just cannot see except maybe in glimpses as lows that over time keep on failing to reach all time lows as it were.

The "treasuries" system the Galactic Milieu uses, made necessary by the chronic failure of players to also act as full time market-makers and arbitrageurs on the side as well as or even instead of actually playing any of the game's multiple facets, is in a sense a kind of prototype toward such a store of value idea in the way it does literally store assets from which it then computes values.

It is still not a pure store of value of course, not only because it actually stores actual assets not pure abstract value but also because it uses non-reserve assets in addition to the reserve assets that are eligible for use in the treasuries. The treasuries provide the game with computed values of its reserve assets but the attempt is still made to build "buy sides" on spot markets so market-makers and arbitrageurs are still wanted it is just that since historically they very clearly fail to make the markets "efficient" it has been necessary to provide the game with an alternative method of computing relative value.

In other words it is not pure because it actually requires more value than that which is stored; the excess value in "slush funds" and "buy sides on exchanges" and even in "unsold inventory of inventory items not necessarily of monetary-asset nature" and so on required to build buy-sides for everything and to provide the actual games and in-game items and eventually graphical and musical and intellectual-property-ical etc etc etc "assets" ultimately mean storing a given quantity of pure abstract "value" requires more such "value" than is reliably/officially "stored".


-MarkM-



Wow Great post, @MarkM (I hate not having merits to spend now)

You bring up some really important points! How regular people end up selling Bitcoin under pressure to pay bills, missing out on long-term growth, really hits home. It’s a big issue—this constant need to sell just to get by definitely hurts Bitcoin’s potential as a true store of value.

What do you think about composite asset? Something backed by a mix of stablecoins, Bitcoin, and maybe even real-world assets. I believe some projects did that (AAVE . Balancer...) But then, there’s always the risk of regulation, exploits, scams and over-complicating things. MakerDAO comes to mind as a  super complex structure. Do you think something like this could eventually work?

Also, about tokens being traded in liquid markets—doesn’t it feel like a lot of utility tokens are just sitting ducks? Manipulation, fake volumes, and attacks seem to mess with their value all the time. In my opinion, most utility tokens shouldn’t even be in those markets. Maybe they should be redeemable instead, backed by the project’s treasury value plus a fee to discourage dumping. That way, they’d hold real value without relying on market activity.


markm
Legendary
*
Offline Offline

Activity: 3360
Merit: 1240



View Profile WWW
December 25, 2024, 12:50:50 PM
Last edit: December 26, 2024, 04:29:35 PM by markm
 #18

I think some DAOs try to do that.

I have read up on some of them, even papers making general arguments and possibly providing free open source code, where a DAO has a penalty of some kind for withdrawing from its fund as well as rewards for putting stuff into their fund.

The treasury-based assets encourage all the various currencies and assets to co-operate, since none of them want any of those that they have in their own treasuries to go down in value.

Maybe a little like lots of nations on Earth hold U.S. dollars or U.S. "Eurodollars" thus have incentive not to trash the value of the dollar.

But the calculated values are not so much a "peg" as maybe a "recommended retail price"; like recommended retail prices a lot of the fun is running around hunting for bargains, finding "sales"; it is not all that unusual to be able to pick things up for less than their "recommended retail price".

The Galactic Milieu also uses a simple "collateral units" abstraction intended to simulate things like small businesses and enterprises in a very abstract way, which again can compute directly from a treasury by dividing the treasury by the total number of units, but a big difference from the usual treasuries is that collateral units' treasuries consist of just one asset.

Collateral Units go down in value as more are added because they include abstractly the idea that those already existing can benefit from newcomers into their field or into their economy and also the idea that a whole lot of stuff one can buy is almost instantly worth less the moment it becomes "second hand" goods.

Think for example of a flower shop someone opens, they buy cash registers, refridgerators, staff, rent or own a building, also pens, paper, flowerpots, gosh knows what specific to their business, even inventory could be part of what the abstraction represents.

But first someone had to open a cash registers or general business machinery business, someone a office supplies business for the paperwork items and pens, someone an office-furniture business, someone a retail-store-furniture business and on and on and on.

A lot of thought even was put into whether such abstractions could or should be tied to the technology tree from the "civilisation game" level of play, so that for example when rifles come along firearms businesses maybe ought to start as a new category, a new treasury, new specialised collateral units, but like ultimately a civilisation needs archery before it can develop firearms even if this new category was a separate treasury with its own units nonetheless the archery field might benefit, for example by some bow and arrow shops shifting into selling firearms, whatever, however, it is an abstraction to capture a few facets of how things might work, and part of its usefulness is that like being able to zoom in on the relatively abstract "civilisations game" level of play to a more detailed view at individual character level of play there is a lot of room for creativity in how to present the larger scale's abstraction at the lower scale.

So these collateral units financiers can throw around could at individual character scale have uses that the abstract layer ignores. Some of those collateral units one's civilisation or Corp or clan or guild etc owns might on the Crossfire-RPG scale appear as buildings with "savebeds" in them providing secure places for characters to sleep, heck some could even have "drops" of gear or coinage or gems or ore or whatever characters can collect to build up value from on the individual character level. But on the financier scale they are just a pile of liquidatable "stuff" that took X number of a certain currency to initially buy/assemble and can be liquidated for a lesser value Y of that same currency.

The lesser value can be because the "stuff" became "second hand goods" at time of purchase/assembling.

The gain over time is a very simplistic "for every two created, one cycles" cycler in which cycling moves the top unit from the list to the bottom of the list while also adding it to the next list, with almost the same cycling happening to each such next list; almost in that the subsequent lists move top item to bottom of first list not current list.

So when a unit cycles from the first list it can be rationalised / gamesplained as things like the new thing bought cash registers from the cash register company, which was thus able to open a new branch, closing its first branch for renovations.

Then when a unit cycles from second list it could be things like maybe that renovating branch has re-opened, and its resulting position on third list could be something like it got reported in popular press and gained some brand-recognition. And so on. Eventually the oldest participants become pillars of the community, with deeper and deeper rooted rationales for why the economy they operate in growing also tends to grow them too as part of that economy.

It is a classic cycler as seen often in make money from home marketing schemes, but elaborated upon with more layers such as liquidation Corps that handle the liquidation and really just give you the liquidation value for your unit while leaving it in place, and real liquidation Corps ultimately that really do remove the current value of a unit from the treasury and delete the unit from the list.

Only the first list divides the treasury, the rest are really abstract, they can represent such things as well known brand, brand loyalty, cultural tradition, extended family who might follow into a family business, whatever. The beauty of abstraction is flexibility in gamesplaining it at more detailed scales of play.

If you consider a currency that only ever will have 21 million coins, and, say, a "massive industries economy" of collateral units on the 100k coins scale, you can see that at some point the limit would be hit where every coin minted was used up, is locked into collateral units, so something has to change, it becomes necessary to truly liquidate one or more units else not enough actual coins exist for anyone to buy another unit thus every other time cycling the list.

So it is more complicated than a simple cycler, which of course we all know does not work.

It is yet another mechanism built into various Corps and Civilisations and such to cause actions of one to affect others, so the game economy keeps moving in many ways even if only a few players make only a few moves. Just like the treasuries it provides interdependence and interactivity.


-MarkM-


Browser-launched Crossfire client now online (select CrossCiv server for Galactic  Milieu)
Free website hosting with PHP, MySQL etc: http://hosting.knotwork.com/
aioc
Hero Member
*****
Offline Offline

Activity: 3598
Merit: 610



View Profile
December 26, 2024, 01:43:17 PM
 #19

I keep checking out altcoin projects hoping to find something fresh or truly innovative, but it’s starting to feel like just noise—people waiting for history to repeat so they can cash out big.

You can hardly find one; we have hundreds of thousands of dead coins. Anything and everything that can be thought of is already presented to the community; we are in a time where developers are just resurfacing dead coins because you cannot find any that are truly innovative, When someone posts they are going to launch innovative coins, chances are its a dead copy paste coin, We are better of investing in more stable projects like Bitcoin

 
.Winna.com..

░░░░░░░▄▀▀▀
░░


▐▌▐▌
▄▄▄▒▒▒▄▄▄
████████████
█████████████
███▀▀███▀

▄▄

██████████████
████████████▄
█████████████
███▄███▄█████▌
███▀▀█▀▀█████
████▀▀▀█████▌
████████████
█████████████
█████
▀▀▀██████

▄▄
THE ULTIMATE CRYPTO
...CASINO & SPORTSBOOK...
─────  ♦  ─────

▄▄██▄▄
▄▄████████▄▄
██████████████
████████████████
███████████████
████████████████
▀██████████████▀
▀██████████▀
▀████▀

▄▄▄▄

▄▄▀███▀▄▄
▄██████████▄
███████████
███▄▄
▄███▄▄▄███
████▀█████▀███
█████████████████
█████████████
▀███████████
▀▀█████▀▀

▄▄▄▄


.....INSTANT.....
WITHDRAWALS
 
...UP TO 30%...
LOSSBACK
 
 

   PLAY NOW   
verdinio
Sr. Member
****
Offline Offline

Activity: 630
Merit: 268



View Profile
December 26, 2024, 07:38:21 PM
 #20

I keep checking out altcoin projects hoping to find something fresh or truly innovative, but it?s starting to feel like just noise?people waiting for history to repeat so they can cash out big.

You can hardly find one; we have hundreds of thousands of dead coins. Anything and everything that can be thought of is already presented to the community; we are in a time where developers are just resurfacing dead coins because you cannot find any that are truly innovative, When someone posts they are going to launch innovative coins, chances are its a dead copy paste coin, We are better of investing in more stable projects like Bitcoin

as I have already said in this era here on this forum we are all looking for new coins that will make us make a profit but in reality finding the one that works is very difficult if not impossible and little by little coins come out that I have are scams or don't make money profit and therefore it is better to do as you say and invest in bitcoin

Pages: [1] 2 3 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!