Topic: A True Cryptocurrency must start with the fundamentals (Read 3133 times)

If as your tone seems possibly to imply "when there is, no positive interest paid, the principal itself must be consumed" is a bad thing, I am disappointed that you do not seem to have been around here lately so might not return to throw more light upon why it is bad and what is bad about it.

In particular if you are in fact suggesting that it is bad then I worry that, in turn, my own thoughts about using a "dividends" mechanism whereby efficient markets would be expected to manifest "sawtooth waves" of price as "dividend payment day" approaches and recedes in time, be deprecated, might not be the best conclusion as to whether or not to use "dividends" mechanism.

Maybe trying not to deliberately build-in such sawtoothed waves is too trivial a concern if doing that, intending thereby to force shares to be sold to "realise" their earnings rather than being "hoarded", would result in some worse "bad" that hopefully you will someday return and cast light upon.



I'll leave your final question to dangle in hopes it will be returned to, meanwhile...

Could it possibly be that BiTCoin is one of the components of the apex class competitor you are seeking?

That in reality such an apex competitor already exists all around us, maybe even almost as if the "invisible hand" intuited by Adam Smith were itself such a competitor, or at least one of its manipulative appendages?

What it occurs to me to wonder is whether I ought to be intuiting that we are only seeing components, like the proverbial blind folk in the room with the elephant in it. Maybe bitcoin could be a component of an ecosystem such as you describe, and if so maybe we should be looking for the rest of its components, not being able to see the apex competitor forest (ecosystem) for its components (trees) so to speak?


It might not matter whether an infinite number is sustainable because infinity is also (in finite time) unreachable.

Meanwhile, until actual infinity is reached, maybe simulated people will suffice?

Stop trying to make "bots" an underclass, a people who are not people due to being Jews blacks other etc etc etc (the proverbial "who are they coming for next").

If an ever-growing number of nodes would be a good thing, "let there be" such a thing (aka "make it so").

Maybe that even goes along with your bullet-point about massive rapid cheap scaling up or similar concept.

-MarkM-

The one I am talking about is GetHashWallet. Basically, one of the most advanced solutions these days. This is a secured and private hardware wallet, it is arrow certified and reliable. What also makes sense - guys had successful campaign on Indiegogo. And the product is already available for sale, so everyone can try it out. And I recommend you to have a look at their website, cause there is a lot of useful info available there

What is the one you are talking about? Curious to know, cause I couldn't find the one that would meet my requirements

This is true. I would say that I am only aware of 1 truly advanced hardware wallet. Kinda unique one, with own standards and real results

This is exactly what I have noticed as well. The problem I figured out - there are many pretty similar solutions, however they are not coming with something unique that would be advanced and attractive

From my point of view, much depends here, but vast majority is still choosing online wallets. However what I have noticed - there are more attacks on exchanges, so there is a shift to hardwallets

I would say that another very important component is the reliability of exchanges today. Even though leading exchanges are working on improving reliability, there is still much to work on. What is your attitude towards such kind of wallets? Or you are more on hardwallets side?

Price volatility is driven almost entirely on the absence of a transparent, true value/price discovery.
As I have said, the monetary ecosystem and cryptocurrencies that will ultimately
succeed have not been visioneered, engineered and brought to market...yet.

You are quite right, if not for any other reason, then the fact that the existing blockchain infrastructure lacks the scalability that would make it the default currency of the future and additionally, the fact that the prices are so unstable doesn't help it's case at all, the perfect Cryptocurrencies for worldwide adoption has not been invented yet but you have to consider that the first computer invented didn't give the best access to the internet, the more it is worked on, the more it keeps improving.

   
Although I’ve studied north of 100 whitepapers and scanned 100s more, imo not 1 among
them is on the path to becoming an Apex class competitor. Sure a few will prosper as a result
of some incremental market advantage, always at risk from the next disruptor. 99% will falter
on the rocks of reality as have the thousands of me too projects already deceased.

It would be interesting to explore; what would be quality use cases?

You are right. In general, blockchain and cryptocurrency offer solutions to various problems that exist today. That is why many companies try to innovate by creating a product whose purpose is to facilitate various human activities if the product is unrealistic, only wishful thinking is too high, who will use it? If the product can be used for real, what is the attraction?

This can only happen if we , as a community cut one from
whole cloth. As I’ve said before this is not a build it and they
will come opportunity, this a build it ‘they're already there challenge’.

You ‘man’ Have opened up Pandora’s box. Do not despair, your miseducation is just incomplete.

Absolutely Right.

Everything meaning the fundamentals necessary for a true closed-loop eco-system.

These fundamentals must lead to and be driven by a profit-making enterprise. This then becomes the
basis for buyers, sellers and other trans-actors to discover true price value of the systems' native token.
Much like you would use the price-to-earnings ratio to determine a fair price for one share of a company's
stock/token. I.e. 1 million in earnings divided by 1 million tokens will provide you with an actual face value;
no pump-and-dumps, no meaningful volatility, no speculation. Just true, transparent blockchain-authenticated
price/value discovery.

Hence, a reliable store of value and Method of Exchange (MOE).

If it had everything from the beginning? Everything that’s not angel? And how is that possible man to consider everything? And also what if we won't forget the fact that we change and something that was acceptable in past, isn't acceptable now and opposite. Centuries ago people were saying: With such young generation, we will ruin but as you see instead of degradation we are developing on higher level (still degrade too for some reasons at some point). Our views and thoughts are changing so if something has everything from the begining as for now, this can turn from everything into void in future because of our thoughts and needs change.

Are there any Altcoins out there backed by real assets?
‘Real’ assets produce profitable income streams.

The Creation of an Apex Class Competitor.

•   100% recycle, repurpose, renewable, blended, and balanced, carbon negative, GHG mitigated, closed-loop ecosystem with a superior, durable and sustainable ecological profile.
•   Extreme supply/demand imbalances with systemic structural and institutional barriers to redress.
•   Durable, substantial, meaningful, authentic experiences and messages highly sought after by a motivated, economically resilient and affluent customer/end user demand.
•   100% sustainable, renewable, below-zero emissions, carbon negative, blended & balanced, closed-loop eco-system.
•   Primary profit centers blitz-scalable at very low capital intensity with positive, measurable and meaningful ecological impact.
•   Highly motivated, economically resilient customers and end users for all product lines.
•   Vertical integration of all key elements in transaction chain from input to end-user, creating a stacked margin effect.
•   Customers bear a majority of cap costs through long term contracts.
•   Marketing Messages and collateral are green, clean, hi-tech, authentic and durable.
•   Non-seasonal continuous harvest and production in all profit centers.
•   All product and service offerings are contracted out to capacity translating into a capacity-driven business model, sustainably reducing the cost of the marketing and sales function.
•   Cross-pollinating profit centers….
•   Substantial surplus of GHG emissions and carbon sequestration credits – consumer, producer, deveoper and distributor.
•   All operations are capacity driven, Not Sales.

I think there are some fundamental knowledge that guides the cryptocurrency industry, or rather, that can help one scale through the cryptocurrency industry. If this knowledge is applied duly, and certain rules are skills are adhered to, there will much more success and wins recorded in the industry rather than loses.

Honestly, I did not find all of these features in any startup crypto project yet. Some potential projects came with their products and future use cases, investors supported them. But most of the new project doesn't have any real use cases except some words in the whitepaper. But if a project comes with all these fundamentals, that will be a blessing for the whole crypto industry!

Alas, true maters are rare nowadays. there are genius in crypto as Leonardo was in art and science who understand the matter but it's like one in a million.

Metcalfe’s Law, which measures the value of a network, can
calculate a cryptocurrency’s value, assuming the key measure
of value for cryptocurrencies is the network of entities who use them.

The original law is based on the idea that the value of a network grows
 in proportion with the number of all possible connections. In other words,
it assumes that all nodes can connect with each other.

This can happen for short periods of time because of factors such as herding
 behavior. But without an infinite number of people it is not sustainable. For this
reason alone, a crash or correction is inevitable.

A key concern must then be how to attract early adopters and opinion leaders prior
to reaching critical mass.

As the number of users increases, the system becomes even more valuable and
 is able to attract and retain a resilient high-quality stakeholder base, organically
growing the networks Member Services and Utility Values.

The key strategy here is to create a system that builds-in enough tangible and
experiential value, to early adopters, without significant network effects at the outset.