Topic: Let's use the cryptocurrencies and blockchain techology for good idea (Read 307 times)

There was this old thread that we were discussing about relevance of meme coins and the false promises of those projects. Meme coins may never be like any real shares that you are talking about but just a mare pump and dump tokens. You will make profit if you enter the trade on time and bought at the right time. If you buy at the wrong time, you will run hell of losses. Never be enticed by the false promises of some memecoin projects because they can convince you to make a wrong investment. I am always careful when selecting altcoins to buy.

Well some people get their crypto profits and re-invest them back into crypto. I would do that if I felt that my profits in crypto were not enough and there are still projects out there that could double or maybe even triple my profits. If it is big enough, a little business can be good.
Profit is profit wherever way they came from

Wait a minute...
Isn't this already being done? I mean, creating altcoins to fund ideas, businesses, or non-profit organizations through Initial Coin Offerings (ICOs)?
As far as I know, I've heard about crypto projects related to real estate and funding animal shelters. But I'm not sure if those projects are still ongoing.

Or are you suggesting using existing meme coins or creating hype for a meme coin with utility? If so, why not create a new coin without the "meme" branding? In my opinion, the term "meme coin" is associated with the image of being just for fun and lacking utility.

Anyway, if you're interested in crypto projects focused on using blockchain technology to tokenize real-world assets (RWA), you can check out $ONDO.

In every sector of the economy there are good actors and bad ones, as a rationale human being it is up to you to turn towards good or towards bad.
Crypto is not about just printing more money more than the feds, I don't know why that idea should come up in your explanation. Crypto gives alternative means of transactions without being restricted or being controlled.
It gives empowerment to all ages, and mostly provide jobs both online and offline.
It connects users from all part of the world with ease.  You should focus on the endless opportunities crypto brings rather competing with the feds to print money.

This concept is already explored in the crypto scene today, and lovingly called by the public as "RWA or Real World Asset Cryptos" These cryptocurrencies are not only backed by tangible assets, they are basically the main-leverage that keeps both the IRL business and the crypto ecosystem with which the business is tied with alive. There's this one RWA project that I'm really looking into these days, besides the Realio Network, which is called STEAD Defi (not a plug), this project focuses on harnessing the sea and introduces features like resorts rental, putting a stake on the projects that they will create IRL using cryptocurrencies that they put out, and a bunch more features. It's a good project if I do say so myself.

Even the meme coins on the solana chain are still growing and growing, as well as the development of many web generators / short tutorials to create shitcoins and coins that are produced instantly. If the goal is to convert from crypto assets to real-world business, that's interesting. But I just heard about it. and if around you already exist it's best to include a biography. it's a good innovation.

So far the meme coin project developer is building and focusing on his project, I admit that the popularity of solana is still well maintained, but for multi verse (digital world assets to physical assets) maybe many people are interested. Because company shares and crypto ownership in my opinion are similar in profit but not the same in function and legality, especially companies have mutual regulations. Meme coin investors consider the project a transit, if it is not promising, of course, sell it and research other projects and that is a natural thing in the sense that it is not for the long term.

We all have different goals and priorities so if op can navigate his way through some good altcoins, I am sure there can be some profits made. Though personally I would still choose to have some bitcoin on hand.
Bitcoin sets the tone for the rest of cryptocurrencies but it doesn’t necessarily affect the prices of other coins/tokens. I still think it depends a lot on the project itself. You just have to find a really good project that wouldn’t dump too hard if bitcoin falls slightly.

Yeah that's true and I think now the correction phase will start with the performance of BTc. We have seen after halving the market is so volatile and we have not gained enough performance that we all were expecting.

Now meme coins were giving profits a little but they have also became stagnant. Now we all can hope for BTC to lead the market again like the past. Otherwise it'll be a very tough season for all of us as the conditions are telling so.

What is good with what you have said is about using your profit investing to real world projects.

And with that, one of it is real estate. I have no idea how others are diversifying with their crypto profits.

But it is one ideal where you should pour your crypto profits whether it is from memes or not.

The market is going through a correction phase and the meme hype on blockchains like Solana, Ton, base is showing signs of cooling down. Many memecoins have dropped in price significantly and there isn't as much hype around them as there was at the beginning of the year. I wonder if OP is okay with just investing in memes and not having any bitcoin or top altcoins in his portfolio?

Investing in altcoins is also disappointing for many investors because we can see bitcoin rising but altcoins not rising, bitcoin falling slightly, all altcoins being severely dumped. Investing in altcoins in this cycle is facing many difficulties and challenges, let alone memes.

this will create so much problem that you could ever imagine aside from the legality of ownership and so on, you just don't really put that much money into someone's wallet and trust them to do the thing they promised earlier.
the reason people are brave enough to risk it investing in meme coin because they can review the smart contract codes and also know the holders of meme coin if the devs doing something fishy like having big allocation they just skip those meme coins, so they already calculated risk actually only very few people that don't really do that.
blockchain is transparent, a meme coin ERC20 token smart contract shows whatever transaction there is and if there's some intentions of rugpull people who cares enough could immediately find out that this token is fishy, but crowdfunding for RWA through meme coin?
I don't think its gonna be easy thing, aside from that, you should be sure that it will really works, otherwise the entire plan of that is just gonna be an empty shell with no true meaning behind it, know that when it comes to money, its really hard to manage.

even I think this entire plan is just too good to be true, otherwise someone else would've done exactly that with the emerge of RWA narrative and all I doubt someone didn't even think of it.

All of this is ok but what about the risk that is involved while investing and holding memecoins. I have seen meme coins to drop upto an unbearable extent for the investor in hours. If someone asks me the worst Investments in terms of risk involved I'll name them as meme coins because of the volatile market.

So kindly can you comment on the impact of risk that are involved and how we can rely on some projects even though big project are not able to maintain their worth in meme coins market.

Yep, I'm not in denial about the technology that the blockchain field is dealing with. But in this situation it is mentioned as a term of abuse to gain attention, let's see what it contributes to this situation.

With the arguments expressed, I feel there is a surplus of ideas as well as the way some people simply attach labels to things that inherently do not receive trust.

And the fact that meaningless products always appear in this space is just that we are here to clarify the issue for the opinions that everyone discusses.

The question is whether the holders of that "memecoin" or "token" have any rights?
Do they imply ownership of the company to some extent?
Do they impart voting rights to the owners?

These questions have remained dubious since the start of ICO days. On the contrary IPO launched stocks will all have these properties.

You have to promise something to the buyers to be able to sell your idea to them and then use the money to develop that vision. It is not that simple as we speak of it.

Donations are different, here the donator does not have any connection to the project after the money has been sent, the project owner can use it any way they want.

All these have legal bindings in them when it comes to the Wall street and stock markets, this is lacking in crypto's so called ICOs, one of the reasons why they all turned scam or bankrupt eventually.

Using ICOs as crowdfunding was a popular idea in 2017 and very successful at that time, but since a lot of projects turned out to be scams or just failed to perform well enough and as was outlined in whitepaper and roadmap, they suffered a wave of distrust from which they never fully recovered and probably never will. Then there were NFTs, which some viewed as a great way to support creators, and in some sense it is/was a good way, but there was a lot of disappointment there as well.
So I no longer believe in the viability of using cryptos as a means for crowdfunding, to be honest.

OP, your forum thread is all over the place and it doesn't make any sense.
Do you remember the ICO tokens(initial coin offerings) back in 2015-2017? You are proposing the same thing, but you are calling it "solana memecoins". Most ICO projects turned out to be exit scams. I'm sure that almost all "solana memecoin" projects will also turn into exit scams.
Accepting donations via crypto? What could possibly go wrong? Fake crypto donation campaigns, turning into scams?
Maybe OP is just trolling the forum with low quality posts. The "Economics" forum is filled with ridiculous forum threads, made by several accounts that looks suspicious, as if one person is using those accounts to post low quality topics.

It seems like every couple of years the "hype" grows around something useless and people hearing some buzzwords think all world's problems are going to be solved using the blockchain technology.

For example the 2017 hype was the tokens (which seems to be reviving again) and I remember seeing every single problem you can think of were said to be solved by tokens. From the energy problems and oil prices all the way to patient history and curing cancer.

About 7 years later and not a single token has done anything in the real world, none of their promises were fulfilled either. They just got pumped and dumped and then died.

I support community-driven projects and financial reform. Using meme currencies to fund real-world projects? That's crazy, man. Like Redditors saying, "Hey, let's build a damn rocket to the moon with Dogecoin!" Meme coins are trippy. You can be on top of the world and then collapse to Earth. The game is volatile. Without regulation, it's a nuts. You must prepare for high-risk, high-reward situations

Building something lasting requires more than hype. A solid foundation, clear vision, and sustainable model are needed. Transparency, accountability, and a solid tokenomics structure are essential. Imagine that meme coins like rocket fuel, but you need a great engineer to create and navigate the rocket. Don't expect to succeed by relying on memes

Cryptos are speculative assets or currencies as they say but more are the risky cryptos like the meme coins because their future are too blurry. Despite of that, many people are still here risking their money at them but they are only doing this to multiply their money and they don't think of any thing else like the idea OP is proposing here.

Blockchain is an amazing technology that has different uses. One example is it provides transparency and we know that there are people who are not honest even though their obligation is to help the development of something. By using Blockchain we can eliminate their shady doings. Cryptos aren't also possible without Blockchain and there are cryptos that are anonymous. It's useful for those who want to help but want to retain their privacy.

This is complete false assumption. If your project is with a reason, you will definitely will find an investor. I am no more confident on blockchain projects as 99% of them are pure scam. So, just because of change of platform to solona nothing will change.

it's not as easy as you say because the private sector is limited to be able to trade tokenized assets to the public. because when you have a real asset, then when you want to explore investment cooperation with outside parties, then it must go through an authority institution and herein lies the problem, they will charge you various documents and you can only receive funding via fiat or a form of payment authorized by the state. so it is not surprising that many crypto projects related to real assets fail because they find difficulties in terms of regulation in their target countries.