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Topic: Innovation vs Price (Read 921 times)
third lie used by those pumping a shitcoin; "litecoin is dying"
Depends...
From my perspective -
Litecoin development - stagnant and slowing
Litecoin price- dramatically capitulated even compared to btc ~80% capitulation off ATH
Litecoins transaction volume - steady
Litecoin POW security - strong yet stagnant growth over last 4 months
litecoin merchant adoption - stagnant to extremely slow growth (and decreasing in momentum)
litecoin user adoption - stagnant to extremely slow growth (and decreasing in momentum)
litecoin investment from VC- ?? any?
I would say that litecoin is strong but is indeed slowly becoming less relevant(some would describe this as dying).
Disagree with any of the above?
If something is innovative with a dedicated developer it deserves to grow, unfortunately that is never the case.
I believe innovation will prevail over the long term. That's why bitcoin is now stagnant and why litecoin is dying.
There is a formula now of using slick marketing, slick bootstrap websites, and artificial social buzz, to elevate a coin. But I think the eventual winners will be those that find sustainable organic growth and critical mass. That will most likely come from development not from hype.
So while the marketeers, whales, and traders might find short term success pumping and dumping, the eventual bitcoin replacement will be born from invention.
Alt pumpers keep repeating these lies to inflate their coin.
First Lie: "Coin X is more innovative than bitcoin."
Bitcoin has more innovation than any other coin and probably more than all of the others put together. More stacks, more code, more testing and peer review, more developers, more API's and frameworks , more venture capital backing development, more software wallets, more hardware wallets, more POS integrations,more mining hardware, more ATM's, ect...
Second Lie: "Bitcoin is stagnant"
Almost every other existing coin besides new coins in the "pump phase" are capitulating in comparison to bitcoin. Bitcoin is growing in venture capital, new users, business adoption, and development.
third lie used by those pumping a shitcoin; "litecoin is dying"
If something is innovative with a dedicated developer it deserves to grow, unfortunately that is never the case.
I believe innovation will prevail over the long term. That's why bitcoin is now stagnant and why litecoin is dying.
There is a formula now of using slick marketing, slick bootstrap websites, and artificial social buzz, to elevate a coin. But I think the eventual winners will be those that find sustainable organic growth and critical mass. That will most likely come from development not from hype.
So while the marketeers, whales, and traders might find short term success pumping and dumping, the eventual bitcoin replacement will be born from invention.
Alt pumpers keep repeating these lies to inflate their coin.
First Lie: "Coin X is more innovative than bitcoin."
Bitcoin has more innovation than any other coin and probably more than all of the others put together. More stacks, more code, more testing and peer review, more developers, more API's and frameworks , more venture capital backing development, more software wallets, more hardware wallets, more POS integrations,more mining hardware, more ATM's, ect...
Second Lie: "Bitcoin is stagnant"
Almost every other existing coin besides new coins in the "pump phase" are capitulating in comparison to bitcoin. Bitcoin is growing in venture capital, new users, business adoption, and development.
though many of the people within this community are obsessed with price and innovation they aren't of the greatest importance in the grand scheme of things if you're aim is a proper widely adopted currency.
If something is innovative with a dedicated developer it deserves to grow, unfortunately that is never the case.
I believe innovation will prevail over the long term. That's why bitcoin is now stagnant and why litecoin is dying.
There is a formula now of using slick marketing, slick bootstrap websites, and artificial social buzz, to elevate a coin. But I think the eventual winners will be those that find sustainable organic growth and critical mass. That will most likely come from development not from hype.
So while the marketeers, whales, and traders might find short term success pumping and dumping, the eventual bitcoin replacement will be born from invention.
Reminds me of a salient quote which is apropos to the discussion at hand....
In all seriousness, I agree with your basic premise and this is why the network effect is so important for fintech and why any alt has an insurmountable uphill battle where they both have to have significant innovation and simultaneously hope any innovation doesn't get adopted by bitcoin in the future.
The only way I see an alt overtaking bitcoin in the next 5-10 years is if Bitcoin adoption and investment immediately takes a reversal and dramatically slows due to some black swan type of event of 51% attack coupled with the fact that vested interests in mining PoW prevent migrating the network over to a less costly security scheme and an alt can eat away market share by having "good enough" security that is far less expensive to maintain .
It isn't looking that way when you look at some of the big names that are investing in BTC and BTC related companies but who knows what the future holds.
Quote from: Homero Joshua
Innovative does not make a coin. A coining be used by the world that make a coin.
In all seriousness, I agree with your basic premise and this is why the network effect is so important for fintech and why any alt has an insurmountable uphill battle where they both have to have significant innovation and simultaneously hope any innovation doesn't get adopted by bitcoin in the future.
The only way I see an alt overtaking bitcoin in the next 5-10 years is if Bitcoin adoption and investment immediately takes a reversal and dramatically slows due to some black swan type of event of 51% attack coupled with the fact that vested interests in mining PoW prevent migrating the network over to a less costly security scheme and an alt can eat away market share by having "good enough" security that is far less expensive to maintain .
It isn't looking that way when you look at some of the big names that are investing in BTC and BTC related companies but who knows what the future holds.
Lol you're damn right. And frankly speaking, this is absolutely natural.
The matter is in greed. Cryptocurrencies often do have that awesome society to move a really innovative coin on. But the threads and markets are monitored by highly skilled guys who additionally do have serious money volumes. As a rule, almost always after a heavy buy-in those guys start swinging the coin up and down, making people nervous and all in all holders (even rather serious ones) do not understand what actually is influencing the price. And the price is not about innovation, it is not about development (well it is but not strong enough) and society. It is just being influenced by those guys in majority.
Lots of coins who didn't cost a piece of crap rose, and some really good ones are still non-born or dying non-born only because of the abovementijned reasons. Not fbsolutely all coins being a real crap do rise, but if money comes into the game, a piece of crap shots like a bullet.
This is sad a bit. Our task is not to miss the coming uprise or a big buy-in, or if you see a really good invention - support it.
The matter is in greed. Cryptocurrencies often do have that awesome society to move a really innovative coin on. But the threads and markets are monitored by highly skilled guys who additionally do have serious money volumes. As a rule, almost always after a heavy buy-in those guys start swinging the coin up and down, making people nervous and all in all holders (even rather serious ones) do not understand what actually is influencing the price. And the price is not about innovation, it is not about development (well it is but not strong enough) and society. It is just being influenced by those guys in majority.
Lots of coins who didn't cost a piece of crap rose, and some really good ones are still non-born or dying non-born only because of the abovementijned reasons. Not fbsolutely all coins being a real crap do rise, but if money comes into the game, a piece of crap shots like a bullet.
This is sad a bit. Our task is not to miss the coming uprise or a big buy-in, or if you see a really good invention - support it.
Glad to know someone else is having the same point of view....
Lol you're damn right. And frankly speaking, this is absolutely natural.
The matter is in greed. Cryptocurrencies often do have that awesome society to move a really innovative coin on. But the threads and markets are monitored by highly skilled guys who additionally do have serious money volumes. As a rule, almost always after a heavy buy-in those guys start swinging the coin up and down, making people nervous and all in all holders (even rather serious ones) do not understand what actually is influencing the price. And the price is not about innovation, it is not about development (well it is but not strong enough) and society. It is just being influenced by those guys in majority.
Lots of coins who didn't cost a piece of crap rose, and some really good ones are still non-born or dying non-born only because of the abovementijned reasons. Not fbsolutely all coins being a real crap do rise, but if money comes into the game, a piece of crap shots like a bullet.
This is sad a bit. Our task is not to miss the coming uprise or a big buy-in, or if you see a really good invention - support it.
The matter is in greed. Cryptocurrencies often do have that awesome society to move a really innovative coin on. But the threads and markets are monitored by highly skilled guys who additionally do have serious money volumes. As a rule, almost always after a heavy buy-in those guys start swinging the coin up and down, making people nervous and all in all holders (even rather serious ones) do not understand what actually is influencing the price. And the price is not about innovation, it is not about development (well it is but not strong enough) and society. It is just being influenced by those guys in majority.
Lots of coins who didn't cost a piece of crap rose, and some really good ones are still non-born or dying non-born only because of the abovementijned reasons. Not fbsolutely all coins being a real crap do rise, but if money comes into the game, a piece of crap shots like a bullet.
This is sad a bit. Our task is not to miss the coming uprise or a big buy-in, or if you see a really good invention - support it.
My thoughts:
No coin will gain value without being blessed by a whale, regardless of the technology / innovation. Crave had nothing exciting but still went pretty high. The entire crypto market is under their control! Also, if a coin is widely spreaded whales don't touch it and small players will get tired of holding and eventually dump it and that opens up another opportunity for whales to hold the majority of pie and play with the price.
Most importantly, the more you tweet about a coin and its innovation they will make sure it dies they have their eyes on Twitter, but morons would keep tweeting to have more followers.....sharing is good, do it over PMs there are many ways to share.
If a coin is steady it is just because of genuine supporters like us, the moment whales get it, it will spike up and then they will dump it hard, same dirty game! Never forget "Money makes money". We could make few bucks out of it too, but frankly not interested in those few bucks! If something is innovative with a dedicated developer it deserves to grow, unfortunately that is never the case.
Your thoughts?
No coin will gain value without being blessed by a whale, regardless of the technology / innovation. Crave had nothing exciting but still went pretty high. The entire crypto market is under their control! Also, if a coin is widely spreaded whales don't touch it and small players will get tired of holding and eventually dump it and that opens up another opportunity for whales to hold the majority of pie and play with the price.
Most importantly, the more you tweet about a coin and its innovation they will make sure it dies they have their eyes on Twitter, but morons would keep tweeting to have more followers.....sharing is good, do it over PMs there are many ways to share.
If a coin is steady it is just because of genuine supporters like us, the moment whales get it, it will spike up and then they will dump it hard, same dirty game! Never forget "Money makes money". We could make few bucks out of it too, but frankly not interested in those few bucks! If something is innovative with a dedicated developer it deserves to grow, unfortunately that is never the case.
Your thoughts?
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