so basically everybody is admitting that the only use for this coin is setting up a masternode to get "a return" which relies on other people wanting to buy coins to setup their master nodes to prop up the price...yea sounds like a PONZI to me!
Explain to me how many of the top 100 coins are being semi-widely accepted as currency or being currently used for their designed utility? I guarantee some of the ones that have no use atm or are not heavily accepted as payment are at the top of the list. Shit even OMG right now doesn't have an MVP, their POS system set up or their chain developed. It's literally a white paper project and people are buying into it (including me), so take your ass backwards logic out of here. Just because vivo isn't accepted as payment doesn't mean it's a ponzi scheme, it's brand new lol.
https://hacked.com/vitalik-buterin-gives-sobering-take-on-tokens-1-0/Don't worry, these ponzi schemes and worthless coins will be coming to an end real quick. You've been warned
You're talking to one of the biggest advocates of eth lol. But hey I guess you don't know the difference between a token and a coin right? Last I checked vivo wasn't an erc20 token but it's chill, you're ignorance is enough to show others that you're just a troll. I bet you get your crypto news from cointelegraph and CNN then pass off their subpar analysis for your own
.
Then what real world uses does VIVO have other than making a masternode? That's all I'm asking for and nobody has really given me an answer. Eventually ROI will rapidly fall to the point where it doesn't make sense to have a master node and you'll have to just sell all your coins, but that will also take the price with it as people rush for the exits. If there's a real world use case, then I'd say it's good to go. Why use VIVO over DASH?
You're absolutely right. Once the ROI of owning this particular coin's MN will drop below each individual's profit levels such individual will seek to sell the coins and look for alternative investment opportunities. Each individual has his own profit levels so it will not be an avalanche scenario you're suggesting. People's funds will move from one coin to another based on ROI and other factors. I am sure there is a definition for such activity. Market?
Since you refer to DASH in your posts a lot, look at the numbers presented at
http://mnrank.com/ for DASH. With ROI below 6% they have 4665 MNs in the system. DASH has been there for a while and proven to be a stable investment solution for those who accept 6% for their risk/benefit scenario. No one is rushing out of it. Actually you can easily monitor the number of MN's at DASH and see that the number of MNs is constantly increasing.
To precede your argument that VIVO is not DASH, no it is not. It is fairly new. This is why its ROI at this stage of the coin's life is so high, over 300%. You imply that since the ROI is so high it is a ponzi scheme. Well, if VIVO is a ponzi, what is DASH? What else can you get there? Worldwide acceptance? Payment solution? I doubt it will ever come to it. It will be even longer for it to come for VIVO, but do we need it? As long as we can exchange VIVO for BTC, we don't need anything from VIVO other than income for owning this coin and keeping its price on par with BTC at a particular rate which will be determined by supply and demand for this coin which in its turn will be based on its ROI and opportunity costs of owning this coin.
To end this long and for many who read it, obvious post, I will say that the MN game is here and I think it's the hottest thing going right now. Even in the article you provided
https://hacked.com/vitalik-buterin-gives-sobering-take-on-tokens-1-0/ I see that folks who started high profile coins are biting their elbows for not foreseeing the advantages of MN that they did not build into their coins at the start. I bet they will and most likely already working on that. Gotta keep our eyes open!