What makes a bitcoin project truly valuable ?

[kasep]

the cryptocurrency industry has experienced very significant growth over the past decade thousands of blockhain projects have emerged each introducing new projects, tokens and the promise of innovation. but the question is what makes the blochain project worthwhile in the long run ?

[Exitoral]

There are few things that make a Blockchain worth while. That's from my one end, others might have. The one that really makes a Blockchain project valuable is the solution it offers.

Take Bitcoin for example that solved a problem of sending money without the banks were you can send money anywhere in the world to the person direct. A solution that can't be ignored. The value of Bitcoin is there that's why it has a potential to still grow the more.

Decentralisation is another one. It eliminated the middle man and made the project it's own boss. No one controls it but everyone.

[legiteum]

the cryptocurrency industry has experienced very significant growth over the past decade thousands of blockhain projects have emerged each introducing new projects, tokens and the promise of innovation. but the question is what makes the blochain project worthwhile in the long run ?

The value of Bitcoin and crypto in general can be summed up in two words:

regulatory arbitrage

Bitcoin was created for one reason: digital currencies were illegal when Bitcoin was originally launched. As such, Bitcoin's architecture (PoW blockchain) was necessary, and the PoW feature in particular made a distributed system actually work at scale.

Today, digital currencies are perfectly legal, and thus there is no longer a technical need for Bitcoin's architecture.

However, in the actual reality of today's regulatory environment, anything called "decentralized" is scrutinized, from a regulatory perspective, completely differently and is allowed to exist under a significantly reduced set of regulations (although this gap is narrowing every day).

However, at the present time, Bitcoin and any product with a "decentralized" architecture is far less regulated, and because of that it can compete effectively with established products who are forced to abide by traditional regulations.

That's what makes Bitcoin and blockchain in general valuable, at least from a technical perspective.

As to Bitcoin specifically, and its market cap, the answer is that Bitcoin is a meme investment. As a meme, Bitcoin is valuable because of the name, "Bitcoin", which has a lot of brand recognition. (And note how BTC has dropped in the last few days just because there has been negative news about the crypto sector generally, even though this has no direct effect on Bitcoin itself).

[aoluain]

the cryptocurrency industry has experienced very significant growth over the past decade thousands of blockhain projects have emerged each introducing new projects, tokens and the promise of innovation. . .

...with the vast majority of them failing or fading into the growing pool of $hitcoins because they are simply not Bitcoin, the only thing they have in common is a Blockchain technology.

but the question is what makes the blochain project worthwhile in the long run ?

Well there is a minimum amount of criteria which is required...

The code needs to be open source

Project decisions need to be made by consensus, not by a creator or board of directors

The project needs to be purely for the people, not a business and not for profit

It has to be something which disrupts or side steps the mainstream financial systems,
for example Monero which ticks all of the above

But the thing is most people cannot help themselves and want to create a $hitcoin
in order to help themselves, that is the root of the failures.

[Marykeller]

the cryptocurrency industry has experienced very significant growth over the past decade thousands of blockhain projects have emerged each introducing new projects, tokens and the promise of innovation.

None of their promises of innovation stay true, from the thousands of coins created  There's always a change in ideas and protocols among the majority of them. But Bitcoin stands true and firm, with no change in the direction it was created for, for someone to be their own bank, you hold your keys and send and receive Bitcoin at any time without a middleman

[pooya87]

thousands of blockhain projects have emerged each introducing new projects, tokens and the promise of innovation.

That's not "bitcoin project" as your title says. Your title makes the reader think you are talking about services and other projects that are built on top of bitcoin or using bitcoin.

But here you are just asking about altcoins which also means you are posting in the wrong board and you should move your topic to the altcoin board.

What makes altcoins valuable? It's pretty simple: real utility.
You said one thing correctly though, which I liked: "promise of innovation". That's the problem with majority of altcoins. They have no innovation although they promise it. And that's the reason why majority of them have no value even through temporarily their price could go up.
Until that changes and until they start innovating for real and start solving real world issues, they will remain alternative cryptocurrencies (ie. without independent identity).

[Brizi5000]

thousands of blockhain projects have emerged each introducing new projects, tokens and the promise of innovation.

That's not "bitcoin project" as your title says. Your title makes the reader think you are talking about services and other projects that are built on top of bitcoin or using bitcoin.

But here you are just asking about altcoins which also means you are posting in the wrong board and you should move your topic to the altcoin board.

What makes altcoins valuable? It's pretty simple: real utility.
You said one thing correctly though, which I liked: "promise of innovation". That's the problem with majority of altcoins. They have no innovation although they promise it. And that's the reason why majority of them have no value even through temporarily their price could go up.
Until that changes and until they start innovating for real and start solving real world issues, they will remain alternative cryptocurrencies (ie. without independent identity).

Yes, they will continue to remain alternative cryptocurrencies since they couldn’t compete with bitcoin to a certain extent. No denying that bitcoin is a part of a speculative asset but to an extent it has managed to bring answers and practical solutions/results to live up to the hype and speculation surrounding the  hype through its long term price growth despite some periods of severe market drop-down , major institutional adoptions, decentralization and on course to serve as one mainstream medium of transaction or exchange. Vast majority of altcoins haven’t answered this question to bring real utility and live up to the hype and speculations, they only move on short term hype and failed along the line and for that reason they are a failed project.

[dzungmobile]

the cryptocurrency industry has experienced very significant growth over the past decade thousands of blockhain projects have emerged each introducing new projects, tokens and the promise of innovation. but the question is what makes the blochain project worthwhile in the long run ?

Decentralization, resistance against censorship, irreversibility (almost), full control for users with private keys, and pseudo-privacy and anonymity. Bitcoin blockchain already made an revolution in the Account profession, then triggered a massive adoption and development of blockchain-based projects.

If you're curious and ready to read and learn more, here
The bullish case for Bitcoin.
Bitcoin is an accounting revolution.
Bitcoin and the accounting revolution that shook the world.

[Johncarter14us]

the cryptocurrency industry has experienced very significant growth over the past decade thousands of blockhain projects have emerged each introducing new projects, tokens and the promise of innovation. but the question is what makes the blochain project worthwhile in the long run ?

Bitcoin is over a decade and have successfully achieved tremendous growth over the years. Bitcoin has made transactions across continents seem really easy when talking about transferring money.

As an investment portfolio is has been remarkably profitable especially to those who believed and invested in the project. Today bitcoin has become one of the major investments people make for their future.

Bitcoin is not controlled by anyone and that gives people the confidence. You can own your bitcoin without a third party broker like the bank.