With each passing day, the technical debt of many projects is increasing. Very few, if any, have a working product or service. But that's not even the worst part. When/if they DO come out with a 'working' product or service, you will witness the greatest problem to be slammed down on all of crypto: no one gives a fuck about usecases or the functionality of projects like WAVES/LISK/ICONOMI/DASH/GOLEM/AUGUR/WHATEVER, people only want fuckyoumoney returns on their 'investment'. This realisation, that the market consists predominantly of investors and not people actually wanting to use the blockchain tech, will send everything tumbling down save for the FEW and RARE serious projects.
Out of interest, which projects do you think are the serious/useful ones?
I see you're into Factom.
I think your perspective is interesting, so if you were to convince an Iconomi holder to sell, what would you recommend they hold instead?
So the focus is on identifying projects that offer a real solution to existing problems.
1. Anything that taps into existing multi-billion/trillion markets, like Factom. Gotta make sure to do your due diligence. Serious team? Serious technology behind it? Any progress? Factom targets various industries, including the mortgage industry (2 trillion market in US alone), already in contract negotiations with major institutions. Backed by Tim Draper, etc.
Be very careful about projects that try to create new demand. Take the more recent Primalbase for example. Very shocking idea.
2. Privacy. Crypto is creating new millionaires each day. They're gonna want to hide their shit somewhere. Bitcoin is not anonymous, look at all the rising chain-analysis stuff. Monero is good, but a very long-term hodl. Dash & Cloak are shit.
These two points are key. Anything else is pure hype and speculation. Ethereum has turned into nothing more than a token creation platform for ICO scams. That's not to say you shouldn't make use of it. Dump some fresh FIAT into ICO scams each month (no more than a couple hundred bucks each) and you'll do well enough until everything goes to shit. Pick the ones that have super cool ''advisors'' and guys with beards on their team.
Since the start of Bancor ICO, it was also the start of ETH's spike. Has the team verified that information, seem like a good time to also invest to Bancor.
