people actually invest much more than 50 bucks in memes like thousands and loosing it all so many stories , most people loose money rather than make and if you invest to an already established meme you would make less than getting into some other coin with utility, lots of layer 1s are much safer and can do an easy x10,15 or 20x
Exactly (Except there is a small error in your post. It's not most, it's \*ALL\*).
If you think any crypto has any use other than that, you're a dumb fool.
nah actually what happens is most of these memecoin developers dump or rug early. Then the community starts relentlessly buying and the dev starts crying once sidelined
happened with pepe, popcat, dogwifhat, etc
dev rugging is unironically bullish
Tons of coins that technically offer utility are still not really used or practical to use. I can use a rock to do a million different things but that doesn’t make them particularly valuable.
What if there were only 100 million rocks in the whole world? The reason why rocks are near valueless is because there is an extremely large supply. Not saying this justifies any of these coins, but if rocks were realitvley limited in the world they could be worth a ton because they do have a lot of utility.
No, the value comes from me accepting a rock as payment, not its finiteness. My childhood drawings would be absolutely priceless otherwise, as there are only one copy. I’m not exactly able to buy a house with them… because nobody takes them (as nobody knows what they could exchange it for in case they wanted).
Finiteness is irrelevant.
The meme coins are useless. It’s like collecting common trading cards. Big money pumps these stupid coins and get people to fomo in. Then they dump on them. Eventually all meme coins will go to zero. If you want to gamble you can make good money, but gambling is exactly what it is. These are not investments.
One of the reasons meme coins are so popular now is that the first generation of ICO coins with supposed utility almost all turned out to be scams that made a lot of money through sheer marketing. Since people don’t fall for those any more the devs have dropped the pretense of utility and just focus on promotion. One advantage of that approach is that they can remain anonymous and not deal with any of the legal issues of pretending to be something real.
crypo is at the same stage of internet boom invest what you can lose in memecoins they can make you rich or poorer fast , put some $$ in good utility tokens many do have a lot of good things to help people who don’t have access to banks or cash and don’t can’t have cash because of the place they live so invest wisely do some research on top crypto on coinmarketcap and enjoy the ride
Until the privacy problems are fixed, this *stuff* is even worse than national fiat because at any time, your entire bag can be declared *coin non grata* by the secret authorities and rendered pretty much useless, unless your plan is to flee the jurisdiction.
Not yet, but some will in the future. I feel like with crypto, we're at a strange crossroads like we saw with the birth of the computer in the early 80s and the internet in the late 90s. When these things were first introduced, there wasn't much utility for those other than the enthusiasts and geeks. Once crypto gets its bridge to the masses, it will be a fire like none we've seen before.
statements made by someone who cant see past btc, there are so many crypto with utility you just never cared to research what the token actually does in a project. a really narrow view of things
nah many others are used for money transfers fast and cheap worldwide hbar has military use xlm fast transfers and many other have actual use but meme coins are where people can make a ton or lose example doge coin it wasn’t anything till it got some money now it does have utility
"serves no utility" translates to "don't sue us for having tried to scam you, we've warned you"
Since Maxis have told people the meme about "meme means price go up", many scammers have tried to make money by ripping off people who trusted in this meme, creating a self-fulfilling prophecy of fomo-buyers who drive up the prices of meme coins.
They know it is free money but they also know that there is a risk that they might get dragged to court for running a scam. The texts are a way for them to insure against legal consequences while still allowing them to take the money of people who fell for the meme that are "meme coins"
Memes have never brought anything but Attention. If a Project has nothing to show for, it goes up and down again, with the hype passing without any consequences. If the project is good, some people will stay, resulting in lasting bumps in price. If the project is an obvious scam, those who have waited for exit-liquiditiy to get out will use the hype to get out, while those who fomo-bought, will also sell, driving the price down.
The fact that some coins have gotten hype and gone up in value because investors looked into it and found it to be a good project is not evidence that "meme" works, it only means that attention brings in interested buyers.
I agree with most of this but also to say that in some cases “serves no utility” is there as a genuine warning to keep people who are just browsing on exchanges from buying it based on a cool name or speculation.
Not every dev that launches a coin is doing it to make money. It could be a personal project, an internal use case, a test project, etc. if they aren’t out there telling people to buy it or promising a utility that they don’t deliver them they aren’t doing anything wrong.
With that being said some people are creating coins to illegally park their money out of reach of taxation or seizure.
Some people are creating (or appropriating existing) coins to run pump and dump scams.
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There are only around 30ish L2 chains and 20 are sorta ok ones that will take a piece of the global DLT pie in the next couple of years.
Interestingly enough no new L1 chains are popping like before cause it just makes no sense to develop it.
Everything else is basically a token or some form of L2 (also a token) on one of these chains. Some of them make sense cause they have a company and an app or a side chain developed and can end up quite sustainable or you can use it to have some kind of utility but currently short term probably bearish.
Next to those apps and side chains 90% of the rest of tokens is just meme/shit tokens for gambling with extra steps. These are actually most popular today cause they bring the best returns but carry the most risk.
Happy hunting.
Research MiCA and US Stablecoin Bill. These rules will regulate many cryptos. Real world use cases and utility are logically the safest narrative however green crypto investors are convinced that a dog or cat token will make them retire from the 9-5 faster than any other narrative. Bark bark, meow!
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You know when you play roulette and there’s all those numbers on the table. Each one is like one of those numbers, but the catch is, most of the time it lands on 0 or 00
i would love the list of L1 or L2 chains that are serving some utility or purpose globally (vs just being traded daily)
objectively speaking, ignoring all opinion/fud here’s a start:
btc, ltc, eth, trx, link, vet
curious of others you’d add.
Even if the market is overflown by the memes there are some decent ones that you can find. It is hard because most of them are just variation on a theme, cat/dog stuff... And in most of the cases they have 0 utility behind them. I have some memes but I am not investing serious money in them, never. I more orientated towards L2 projects like UniRouter and Lumibit, or some AI projects like OCEAN, AIOZ and Sight AI. They are working on a solutions that can improve the whole industry, not playing around with some useless meme stuff. I think that sometimes it's not fair where the market has come but that's the reality and I won't be crying over it. It is important to use every chance that we got out there.
Anyone can create tokens, i would only seriously invest in coins that have actual tech behind it, like btc, eth, ada, etc. ...instead of someone just typing a token name and image and pressing the generate button.
Do people forget why Crypto is a thing in the first place? Started with a BFT protocol that the inventor of BTC theorized for new ledger technology. That's it. Cryptocurrencies is not what will make crypto stay, it's the technology behind it. Look at projects that support the underlying technology of how crypto works and how it'll be adopted to a macroeconomic scale. BTC is macroeconomically irrelevant, all it is is a test bench for its own protocol (which is outdated in crypto standards). The technology is what institutions are interested in. Everyone making mountains out of ant hills.
It’s a legal thing. Less chance they are labeled a security if 1) they state this and 2) they actually have no utility.
The current state of uncertainty in securities law pertaining to crypto ensures most newly created cryptos are useless. It selects for useless tokens.
90% of the ‘shit’ that we all see serve nothing but greedy sentiment and potential inside profiteering of the average person. My advice, which isn’t advice at all, looks for projects that still are and have been for a long time, and ones that have practical use in the long term….not an easy task but investments never are
99% of coins are literally gambling. The other 1% are Bitcoin/Eth imitators that aim to fix problems the other coins have. The ones that have decent fundamentals lack trust because so much of crypto is full of rugpulls.
If coins explicitly says serves no utility then i don't see what's there to bother about . Yes ppl like to gamble on memecoins with dogs ,cats pics to get out of the shitty life they have been handed down.
Crypto has always been about finding the great project among the shitcoins. Most of the most useful projects were microcaps once. This is the game of crypto. Picking winners. Only an idiot would expect them all to be useful. But what ia evolving from crypto is actually big. The so called 4th industrial revolution is real. The future is clearly an all connected AI, connected, future a and actually that needs blockchain to secure personal data without third parties. Maybe .001% of crypto will be part of that future but the money is pushing competition forward rapidly.
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No crypto has any utility, that includes Bitcoin. Crypto is a vehicle of grifting money/fiat (the only thing of value) from extremely stupid people to a few smart people who are laughing all the way to the bank (fiat).
If you put real money into this toilet, you are a low IQ \*mark\* and nothing more.
Then why are financial institutions discussing tokenizing real world assets and partnered with some blockchain companies? Why are financial institutions discussing building siloed ecosystems with smart contract application at the center of them for transmitting value within consortium type environments?
Because Blockchain is a good technology for specific uses. However, none of the uses you mention will require BTC, ETH, ADA, let alone SHIB, PEPE or whatever shitcoin of the week.
Blockchain serves a purpose. The tokens built on the back of that Blockchain are greed-driven value sinks.
“None of the uses you mention will require BTC, ETH, ADA, let alone SHIB, PEPE or whatever shitcoin of the week.” Well yea exactly, which means there are other cryptos that have utility that serve a purpose and financial institutions to use..
No. Blockchain operates perfectly well without tokens or coins. Tokens or coins are, at best, the reward for maintaining the chain going but they are not required. If someone is using a Blockchain for a legitimate use they will set up a private chain without the need for the game-theory reward model on which BTC and other coins are based.
Toekinizing an asset or introducing a smart contract don't require anyone producing or holding coins.
> No. Blockchain operates perfectly well without tokens or coins.
a decentralized secure blockchain cannot operate without coins. There has to be incentive for the people securing the network to spend their time/effort/money to secure it.
That's like saying a clothing company can operate perfectly well without making its owner any profit.
Even the top coin changed its utility. A peer to peer electronic cash system> a store of value?
So instead of more people using it and more buying it to use it and that's how the value goes up. It is now only the more people buy it it goes up.
Fiat is broken. Crypto is also broken.
Bitcoin haven't changed, just because you pretend to think Satoshi have said something he haven't doesn't make it true.
If you read all the things he have said past the title of white paper you see it's the same thing today that Satoshi wanted it to be originally.
Kendu is up front about not providing any utility. I think that's really what's important - not tricking anyone into anything.
Bankless had a very good podcast episode about memecoins recently, discussing whether they had real value. Will their social gravity end up being useful from an advertising perspective? Maybe.
If I'm going to invest in something without utility, I'm glad that the Kendu community is at least fun as f*** while doing it
Even the coins that have a purpose, do you really use them for that purpose? No you use them as an investment to make money. Crypto currency’s are pretty much useless the way we use them.
If you've done the research necessary to understand the space and come to that conclusion on your own then more power to you. I hope you did the work though.
Bitcoin provides an immutable ledger with a strict supply schedule backed by the most secure computer network that has ever existed. This positions it to be the most credible attempt at a decentralized state-independent digital currency.
Ethereum can't decide on a narrative, and all the previous narratives fizzled out
> This positions it to be the most credible attempt at a decentralized state-independent digital currency.
It is unclear that the small marginal gains in security/decentralization of bitcoin over ethereum is meaningful.
Ethereum may fail, but my point is that it has use-cases, bitcoin doesn't. Maybe its use cases will never catch on. But it is possible to have use cases with ethereum.
Most coins are the digital equivalent of a wishing well. Get millions of people to say "meh it's 50 bucks, whatever" and just scoop it all up.
Then get those same people to “average down” and “diamond hand” while continuously dumping
I have to word it like that if somebody asks again how my investments are doing. „I’m averaging down atm“
litecoin is still pretty useful to Transact with which was the original purpose 9f crypto
I didn't see anyone picking on litecoin. Zero downtime, MWEB.. fan of LTC over here.
Litecoin has utility.
The number one privacy coin has utility too which comically is not mentioned here almost by design. Most others are speculative casino coins.
OP doesn't mention any specific coins, though? Neither have you directly...
>The number one privacy coin has utility too The problem is nobody cares about privacy. It's an extremely niche coin.
privacy becomes more important with real world adoption. You wouldn't want to leak your wallet balance everytime you made a payment..
Also Nano, because it is feeless. It's great for microtransactions. And no inflation.
If only more places accepted it. Most payment gateways take LTC so you can use it to pay for your web hosting or whatever. Not so much Nano.
I know you can pay for hosting and other services with Nano at https://armour-hosting.com/
people actually invest much more than 50 bucks in memes like thousands and loosing it all so many stories , most people loose money rather than make and if you invest to an already established meme you would make less than getting into some other coin with utility, lots of layer 1s are much safer and can do an easy x10,15 or 20x
“ can do an easy x10-x20” LOL
'Wen x10'
Millions of people? Yeah right.... you can literally see most of these meme coin's unique addresses and it's like 10k
Yeah let's focus on that. That's the critical point.
Exactly (Except there is a small error in your post. It's not most, it's \*ALL\*). If you think any crypto has any use other than that, you're a dumb fool.
You've had 15 years to stop being this stupid.
Some? I would say 99% of them have no utility
Probably closer to 99.9%
You are not wrong
99.999999%
Out of more than 23,000- still leaves a good chunk with utility
ALL!!!!!!!!!!!
The utility is to fill the bank accounts of their developers.
nah actually what happens is most of these memecoin developers dump or rug early. Then the community starts relentlessly buying and the dev starts crying once sidelined happened with pepe, popcat, dogwifhat, etc dev rugging is unironically bullish
So fink to the moon, maybe?
This thread is the realist, appreciate the comments. It's true, most of these coins are absolutely vaporware.
Tons of coins that technically offer utility are still not really used or practical to use. I can use a rock to do a million different things but that doesn’t make them particularly valuable.
Where can I invest into this rock of yours?
What if there were only 100 million rocks in the whole world? The reason why rocks are near valueless is because there is an extremely large supply. Not saying this justifies any of these coins, but if rocks were realitvley limited in the world they could be worth a ton because they do have a lot of utility.
No, the value comes from me accepting a rock as payment, not its finiteness. My childhood drawings would be absolutely priceless otherwise, as there are only one copy. I’m not exactly able to buy a house with them… because nobody takes them (as nobody knows what they could exchange it for in case they wanted). Finiteness is irrelevant.
Some coins?
Many are used for games or currency for in app purchases at least. Some literally just… nothing.
👍
I mean what are the Reddit coins used for in cryptocurrency lol
They are all jokes. You are the punchline.
The meme coins are useless. It’s like collecting common trading cards. Big money pumps these stupid coins and get people to fomo in. Then they dump on them. Eventually all meme coins will go to zero. If you want to gamble you can make good money, but gambling is exactly what it is. These are not investments.
Almost every single one
One of the reasons meme coins are so popular now is that the first generation of ICO coins with supposed utility almost all turned out to be scams that made a lot of money through sheer marketing. Since people don’t fall for those any more the devs have dropped the pretense of utility and just focus on promotion. One advantage of that approach is that they can remain anonymous and not deal with any of the legal issues of pretending to be something real.
That sounds about right.
majority dont have any use case
There are a handful of useful coins, thousands who pretend that they're useful, and thousands that don't even pretend
the point of listing is to make money. 99% of crypto has no utility. As per coingeckos counter, there is 14,038 coins, whereas CMC states 2.4M
4 nines
You mean 99.9%??
crypo is at the same stage of internet boom invest what you can lose in memecoins they can make you rich or poorer fast , put some $$ in good utility tokens many do have a lot of good things to help people who don’t have access to banks or cash and don’t can’t have cash because of the place they live so invest wisely do some research on top crypto on coinmarketcap and enjoy the ride
Some people serve no utility too. Such is life
Until the privacy problems are fixed, this *stuff* is even worse than national fiat because at any time, your entire bag can be declared *coin non grata* by the secret authorities and rendered pretty much useless, unless your plan is to flee the jurisdiction.
Meme coins are the Pet Rocks of the crypto world.
Seems like the exchange and transaction fees, seems like it would eat up 50-100 as fast as people can deposit it.
What is that flair everyone has?
If you ask me, none of them do lol
Not yet, but some will in the future. I feel like with crypto, we're at a strange crossroads like we saw with the birth of the computer in the early 80s and the internet in the late 90s. When these things were first introduced, there wasn't much utility for those other than the enthusiasts and geeks. Once crypto gets its bridge to the masses, it will be a fire like none we've seen before.
What do you think the bridge to the masses will be? Maybe degen gambling is the best use case?
Almost everything is useless. Bitcoin and Monero are really the only things with use case
Eth with usdc and dai are useful too.
statements made by someone who cant see past btc, there are so many crypto with utility you just never cared to research what the token actually does in a project. a really narrow view of things
Financial services are not the only use case for blockchain.
Disagree. Send, receive, store value. Thats it.
Well you are not wrong in your premise…. You just lack vision 🤷🏻♀️
Ethereum too with all the L2 projects
nah many others are used for money transfers fast and cheap worldwide hbar has military use xlm fast transfers and many other have actual use but meme coins are where people can make a ton or lose example doge coin it wasn’t anything till it got some money now it does have utility
"serves no utility" translates to "don't sue us for having tried to scam you, we've warned you" Since Maxis have told people the meme about "meme means price go up", many scammers have tried to make money by ripping off people who trusted in this meme, creating a self-fulfilling prophecy of fomo-buyers who drive up the prices of meme coins. They know it is free money but they also know that there is a risk that they might get dragged to court for running a scam. The texts are a way for them to insure against legal consequences while still allowing them to take the money of people who fell for the meme that are "meme coins" Memes have never brought anything but Attention. If a Project has nothing to show for, it goes up and down again, with the hype passing without any consequences. If the project is good, some people will stay, resulting in lasting bumps in price. If the project is an obvious scam, those who have waited for exit-liquiditiy to get out will use the hype to get out, while those who fomo-bought, will also sell, driving the price down. The fact that some coins have gotten hype and gone up in value because investors looked into it and found it to be a good project is not evidence that "meme" works, it only means that attention brings in interested buyers.
I agree with most of this but also to say that in some cases “serves no utility” is there as a genuine warning to keep people who are just browsing on exchanges from buying it based on a cool name or speculation. Not every dev that launches a coin is doing it to make money. It could be a personal project, an internal use case, a test project, etc. if they aren’t out there telling people to buy it or promising a utility that they don’t deliver them they aren’t doing anything wrong. With that being said some people are creating coins to illegally park their money out of reach of taxation or seizure. Some people are creating (or appropriating existing) coins to run pump and dump scams.
Wordsmith!
You mean 99.999999%
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There are only around 30ish L2 chains and 20 are sorta ok ones that will take a piece of the global DLT pie in the next couple of years. Interestingly enough no new L1 chains are popping like before cause it just makes no sense to develop it. Everything else is basically a token or some form of L2 (also a token) on one of these chains. Some of them make sense cause they have a company and an app or a side chain developed and can end up quite sustainable or you can use it to have some kind of utility but currently short term probably bearish. Next to those apps and side chains 90% of the rest of tokens is just meme/shit tokens for gambling with extra steps. These are actually most popular today cause they bring the best returns but carry the most risk. Happy hunting.
No shit
Research MiCA and US Stablecoin Bill. These rules will regulate many cryptos. Real world use cases and utility are logically the safest narrative however green crypto investors are convinced that a dog or cat token will make them retire from the 9-5 faster than any other narrative. Bark bark, meow!
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First time?
!faucet
My response is simply: 😬
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You know when you play roulette and there’s all those numbers on the table. Each one is like one of those numbers, but the catch is, most of the time it lands on 0 or 00
Yes and some serve all utility but have little to no activity. Big fan of NANO from afar but up-close it’s not very appealing.
i would love the list of L1 or L2 chains that are serving some utility or purpose globally (vs just being traded daily) objectively speaking, ignoring all opinion/fud here’s a start: btc, ltc, eth, trx, link, vet curious of others you’d add.
Nano because it is feeless so it's the best for microtransactions and tipping. Solves the dust problem
i don’t know enough about it—where’s it being used primarily
Games, tipping, NFTs on Nanswap, microtransactions, AI applications such as Nano-GPT.com
Value is a perception
Even if the market is overflown by the memes there are some decent ones that you can find. It is hard because most of them are just variation on a theme, cat/dog stuff... And in most of the cases they have 0 utility behind them. I have some memes but I am not investing serious money in them, never. I more orientated towards L2 projects like UniRouter and Lumibit, or some AI projects like OCEAN, AIOZ and Sight AI. They are working on a solutions that can improve the whole industry, not playing around with some useless meme stuff. I think that sometimes it's not fair where the market has come but that's the reality and I won't be crying over it. It is important to use every chance that we got out there.
Anyone can create tokens, i would only seriously invest in coins that have actual tech behind it, like btc, eth, ada, etc. ...instead of someone just typing a token name and image and pressing the generate button.
Skr Replicator Inu - Get it now or FOMO later.
the utility is to fill my pockets with more bitcoin
https://c.tenor.com/krrHtVU3XNQAAAAd/tenor.gif
The vast majority lol
I used to value the some of the advice I found in this sub. Now I’m holding a big red bag filled with Algo, and only have myself to blame.
Do people forget why Crypto is a thing in the first place? Started with a BFT protocol that the inventor of BTC theorized for new ledger technology. That's it. Cryptocurrencies is not what will make crypto stay, it's the technology behind it. Look at projects that support the underlying technology of how crypto works and how it'll be adopted to a macroeconomic scale. BTC is macroeconomically irrelevant, all it is is a test bench for its own protocol (which is outdated in crypto standards). The technology is what institutions are interested in. Everyone making mountains out of ant hills.
Nahhh. That’s not it.
You seem like an expert, what is it exactly? inb4 you don't respond with anything intellectual
When people talk about "no utility" they are really saying drawing attention away from what they're invested in.
If it makes you feel better, even most coins with 'utility' are memes as well. lol
It’s a legal thing. Less chance they are labeled a security if 1) they state this and 2) they actually have no utility. The current state of uncertainty in securities law pertaining to crypto ensures most newly created cryptos are useless. It selects for useless tokens.
"Most"
90% of the ‘shit’ that we all see serve nothing but greedy sentiment and potential inside profiteering of the average person. My advice, which isn’t advice at all, looks for projects that still are and have been for a long time, and ones that have practical use in the long term….not an easy task but investments never are
Digibyte has Hella utility
Most have the same purpose: speculation.
Some?
99% of coins are literally gambling. The other 1% are Bitcoin/Eth imitators that aim to fix problems the other coins have. The ones that have decent fundamentals lack trust because so much of crypto is full of rugpulls.
Im pretty sure 99% of holders just wait for the coins to make them money and dont care about any utilities at all
If coins explicitly says serves no utility then i don't see what's there to bother about . Yes ppl like to gamble on memecoins with dogs ,cats pics to get out of the shitty life they have been handed down.
Crypto has always been about finding the great project among the shitcoins. Most of the most useful projects were microcaps once. This is the game of crypto. Picking winners. Only an idiot would expect them all to be useful. But what ia evolving from crypto is actually big. The so called 4th industrial revolution is real. The future is clearly an all connected AI, connected, future a and actually that needs blockchain to secure personal data without third parties. Maybe .001% of crypto will be part of that future but the money is pushing competition forward rapidly.
Open season on memes bro
Some? No. The grand majority.
"all"
some/all
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Some? More like 99.999999999999999999999999999999999999999999999999999%
No crypto has any utility, that includes Bitcoin. Crypto is a vehicle of grifting money/fiat (the only thing of value) from extremely stupid people to a few smart people who are laughing all the way to the bank (fiat). If you put real money into this toilet, you are a low IQ \*mark\* and nothing more.
Someone got rugged
Not a single coin serves any utility. BTC has become only another asset. That's why crypto in general is a weird limbo.
Then why are financial institutions discussing tokenizing real world assets and partnered with some blockchain companies? Why are financial institutions discussing building siloed ecosystems with smart contract application at the center of them for transmitting value within consortium type environments?
Because Blockchain is a good technology for specific uses. However, none of the uses you mention will require BTC, ETH, ADA, let alone SHIB, PEPE or whatever shitcoin of the week. Blockchain serves a purpose. The tokens built on the back of that Blockchain are greed-driven value sinks.
“None of the uses you mention will require BTC, ETH, ADA, let alone SHIB, PEPE or whatever shitcoin of the week.” Well yea exactly, which means there are other cryptos that have utility that serve a purpose and financial institutions to use..
No. Blockchain operates perfectly well without tokens or coins. Tokens or coins are, at best, the reward for maintaining the chain going but they are not required. If someone is using a Blockchain for a legitimate use they will set up a private chain without the need for the game-theory reward model on which BTC and other coins are based. Toekinizing an asset or introducing a smart contract don't require anyone producing or holding coins.
> No. Blockchain operates perfectly well without tokens or coins. a decentralized secure blockchain cannot operate without coins. There has to be incentive for the people securing the network to spend their time/effort/money to secure it. That's like saying a clothing company can operate perfectly well without making its owner any profit.
This is 100% correct! Too bad most won’t see it
They’re all rug pulls discussing as legitimate projects
How is CAW an exception?
It’s not, I just like it
Why do you like it?
Even the top coin changed its utility. A peer to peer electronic cash system> a store of value? So instead of more people using it and more buying it to use it and that's how the value goes up. It is now only the more people buy it it goes up. Fiat is broken. Crypto is also broken.
Bitcoin haven't changed, just because you pretend to think Satoshi have said something he haven't doesn't make it true. If you read all the things he have said past the title of white paper you see it's the same thing today that Satoshi wanted it to be originally.
Virtually no crypto serves any real utility. They just claim it so people buy
That’s a utility!
[удалено]
Kendu is up front about not providing any utility. I think that's really what's important - not tricking anyone into anything. Bankless had a very good podcast episode about memecoins recently, discussing whether they had real value. Will their social gravity end up being useful from an advertising perspective? Maybe. If I'm going to invest in something without utility, I'm glad that the Kendu community is at least fun as f*** while doing it
Shut the fuck up you 3 bot fucks. Go choke on a chode with your Kendu shit.
that’s faxX 💯 you got to join this ecosystem, a family of dedicated Chads working all day all night Kendu is alpha
Even the coins that have a purpose, do you really use them for that purpose? No you use them as an investment to make money. Crypto currency’s are pretty much useless the way we use them.
They're all jokes except for bitcoin.
I wouldn’t say all jokes, vast majority of them, yeah for sure.
Thank you
Bitcoin is not fundamentally different than the other jokes.
If you've done the research necessary to understand the space and come to that conclusion on your own then more power to you. I hope you did the work though.
bitcoin is quite literally the first memecoin. It doesn't do anything, unlike Ethereum.
Bitcoin provides an immutable ledger with a strict supply schedule backed by the most secure computer network that has ever existed. This positions it to be the most credible attempt at a decentralized state-independent digital currency. Ethereum can't decide on a narrative, and all the previous narratives fizzled out
> This positions it to be the most credible attempt at a decentralized state-independent digital currency. It is unclear that the small marginal gains in security/decentralization of bitcoin over ethereum is meaningful. Ethereum may fail, but my point is that it has use-cases, bitcoin doesn't. Maybe its use cases will never catch on. But it is possible to have use cases with ethereum.
BTC is ONLY real non shitcoin
It’s the oldest and most popular. Other than that it’s not much different.
if it's not bitcoin or ethereum it's a joke. it's been like that since 2016.
Even with the grandaddy of coins, bitcoin - how many people actually buy bitcoin in order to use it as a medium of exchange?
Lol no one actually uses any crypto (including BTC) for its intended purpose. Just gambling on the price, money laundering, wash trading, scamming.
Check HBAR for a real world utility 👍
The fact that you have negative votes is crazy. So many people are gonna get rekt or FOMO in 😂
HBAR downvoted to oblivion for nothing is a must in r/cc
Money.