Topic: A True Cryptocurrency must start with the fundamentals - page 3. (Read 3133 times)

Sir, if I may presume so, I agree. Everything is regulated in one way or another. Whether it be the universe, the galaxy or creation itself. Technology is not the issue in my mind. Constitutionality is.

I appreciate your encouragement and I most certainly will elaborate "your idea more clearly".

If I had all the answers, I wouldn't be here. Like most of the contributors here, I would likely be on the isle of my dream with no time for anything else, other than friends, family and the enjoyment thereof. 

I don't imagine it being a "better currency" or "blockchain technology", these are more than adequate for the time-being.

 

It is not my intent to exclude those investors that are new or unitiated in this thread. My outcome is that most of this thread would be populated by those in the community vested in its most beneficial outcome for all participants.

Lexurdania,

Precisely, like sex on the blockchain!

Ive looked back over my posts on these threads (out of respect for your member status, activity and your merit) and do not see how you arrive at


otherwise, I agree with your post in its entirety. I am here precisely because of these concerns you, others and I have.

Your response gives you away.

I understand what it is you ask, however, a layman you are not.

I would be happy to report that there were a few, even one, that I have found that I would recommend to my mother, whom is an ordinary cryptocurrency enthusiast. It is my desired outcome that this thread will play out a helpful role in exploring, discovering and perhaps even creating a community deveopled, supported, managed, regulated and most importantly, profiting from our exploration.

Stipulated, "cryptocurrency" is an important, but relatively small element in terms of the eco-system itself, which the method of exchange (MOE) or crypto serves to facilitate, buying, selling, trading and other productive trans-actors, as well as liquidity and general fungibility/utility or uses case. As for the path, that should be the product of ‘the wisdom of the vested community’.

You are driving very deep on your point. Yes you are right that fundamentals are important and I think to all thing this is important. But always remember that function and marketing is more important in everything because this is the heart of every business or any project. Deep article or post is not important in this industry. We are here to make our life easy and comfartable not in a deep conversation.

The most important part is the use case, which 90 percent of all currencies do not have at all. They can have a good website, whitepaper, community, but without real value behind the project, no coin will achieve something.

@TokenHodlr your welcome

Even though I think TokenHodlr is a smurf account, it doesn't matter since you bring an interesting discussion to the table. Perhaps you could speak this way more freely.

I've read the medium article, and IMO not much new information can be derived (perhaps I studied business for too long). Models/frameworks indeed useful for mapping ideas, and I can see why the Flywheel Model looks appealing. However, I shall not derail this thread. I get your point that the snowball effect + momentum is essential.

I think the free and open market is the only way to get the true price/value discovery. What's the alternative?
It doesn't matter what motivates market participants. Everything is already priced in, assumed that the market is efficient. << this is what they taught in school.
The problem is that the crypto market is far from efficient.

As for BTC, ETH, etc., yeah, I remain skeptical after observe how the situation progressed.

I don't know man, cryptocurrencies (and any form of currency) always involve governance. And it goes beyond the tech itself (i.e., consensus, reward/subsidy, hashing algorithm, etc.). Perhaps you should elaborate your idea more clearly, about what kind of protocol in your mind that can be the better currency than the contemporary blockchain technology.

I understand your point of eliminating those investors that just comes in because they've heard that crypto is something new and they can also profit with it despite not going deep with it. But they are all starting and most of us came from that point. Once they go deep with those fundamentals that's the turning point if they'll go serious or not.

This is kinda long but thank you for this and I'll read this whole thing afterward.

I agree that marketing can be done after the product is running and so investors understand about the project to be invested. Fundamentals are important because they form the foundation of a project because fundamental analysis will determine how a company earns money and finances the project

Your point is my point. Nuff said

Marketing/sales has two strategic approaches. One is a push, the other is pull.
Push entails force, very expensive, pull has your constituency driving demand. 

Strange that you have missed the biggest fundamental of any cryptocurrency - the underlying consensus algorithm. If algorithm isn't theoretically secure, the whole cryptocurrency can't be considered safe and decentralized. A ton of altcoins are using iherently centralized algorithms, which makes all their supposed achievements irrelevant - the point of cryptocurrency is to remove the middleman, not create a new type of middleman.

I wish we can really bring it down to the layman's level, I equally agree that a true cryptocurrency has to have all fundamental qualities to make it so but with all been said, can you please enumerate the few cryptocurrencies that make this cut of being a true crypto. It will help the ordinary cryptocurrency enthusiasts outline and identify true cryptos

a true crypto currency should be basic in the since that it doesnt need to be  to complicated, identifies it self if its usages, mostly this is what also needs to be clear what its path, for the future, the developers should always and must know its limitations, and can push it to its limits, can do mass adaptations because its what people needs to know for a projects

Any good project must be based on sound fundamentals but to me what differentiate good projects that succeeded and those that do not is sound marketing behind their project, this is one thing in the space that is really lacking, what most of these projects rely on is using Twitter influencers and this can only do 1/10th of what needed to be done. Until this is looked into critically, not when you want to raise money but after the platform is up and running

Thanks for the upvote, I know those aren't given out easy.

Thank you for the wise, tried and true Mr. LeBoeuf quote. I have a number of his books in my personal library. It is at least the cornerstone of a foundation built on fundamental principle centricity. It is, in my view, a major ingredient that any enterprise of consequence must have as a component of its secret sauce.

It is true that a majority of business models become reliant on the network effect and economies of scale. What the Flywheel Model brings to the table is an organizational structure that becomes the catalyst for the momentum effect, which attracts and rewards users before the network effect and scale of economy come into play.

Amazon, I think presents itself as an ideal Flywheel Model in that long before they reached their current stage of Leviathan through network and scale, Bezos was in his garage filling orders with his very own two hands, starting the Flywheel in motion, generating momentum, monetizing and optimizing the network and scale of economy.

I've posted a link to an article earlier in the thread that does a good job of rendering a fair and non-technical exploration of the Flywheel Model; Ill repost it here for your convenience:

Flywheel Effect: Why Positive Feedback Loops are a Meta-Competitive Advantage

I have explored the last question you pose very deeply.

Although utility and fungibility are at the top of the list of prerequisites, I just don't see how BTC, ETH, et al. scale strategically in a real-world global market. No reliable mechanism of true price/value discovery translates into speculation and endless volatility.

Although I continue to monitor the evidence, at this point I am convinced that a new protocol, with its own native cryptocurrency is an absolutely essential component for community management and self-regulation of the entire transaction chain cycle, enabling efficient, effective and profitable delivery on promises.