Topic: Ripple, Tron, Cardano: overhype and uselessness define these 3 cryptocurrencies (Read 256 times)

No need to talk about these coins, they all taken advantage of the hype. They in fact don't worth 1% of bitcoin.

Yeah, well, I made good profit on XVG and that is as useless as a shitcoin gets

I'm pretty sure that at least Ripple – sorry, I mean XRP will pump at some point. They have a completely deluded shill army which will gladly step in and help fire the pump with their hard earnings.

Tron does as well, but I haven't seen enough desperation for them yet.

I hear very little from Cardano shills. Maybe I don't frequent their dwelling places or something, or they just don't have that many.

Cardano and Ripple have brought me good profit before, and now it's also possible to make money on them, so I would not call them unnecessary. In addition, hype does not happen in an empty place.

Shit, I didnt know that yet :/

I'm not too familiar with other DAG concepts, but Byteball needs twelve witnesses and Iota needs a coordinator (for now). Meaning, the actual concept of a DAG (or a "tangle", as Iota calls it) seems to be still just that: a concept. The general value proposition, that you don't need a single monolithic and slow blockchain to safely verify transactions seems to be not really possible yet. In regards to Byteball, it's kinda like trusting a group of twelve miners, or twelve fullnodes.

I use one DAG coin, which is Byteball/Gigabyte. For me, I don't classify DAG coins like Byteball or NANO/mrai the same as IOTA because the earlier 2 never used ICOs to launch (Byteball was purely airdropped I'm not sure NANO how they happened but they were not sold).

So not sure we can call them vapourware because they were launched just as Bitcoin was, with an idea and trying to build something out of it as a currency and payment (Gbyte has good merchants, NANO is distributed and recently held Venezuelans buy food).

Byteball was also not overhyped. Usefulness already explained.

I definitely think IOTA classifies though, and yes, I don't think these should claim DAG is blockchain 3.0 either, as they're not blockchain.

Holy fuck ,they bought Bittorrent? Shit, and now it's in the hands of a bunch of business dweeps who use blockchain as a buzzword to hype their stuff. Fucking hell. I mean, seriously, isn't Bram Cohen working on CHia Network right now? He has his own blockchain project, why the hell should he give Bittorrent away to a bunch of suits?

I tell you, should the next tron bullrun start, the shills will be unbearable. And they will probably talk about blockchain projects as "companies" without blinking an eye.

i didn't realise that. the tron guy has it in the bag.

i'm really surprised more of these paper billionaires haven't clued up and made the move into established business areas like him. they have the money to throw around to force their crappy ideas on the rest of the world by stealth.

Fundamentally, most crypto offerings these days tend to offer the moon without a leg to stand on - it's more like they're all trying to one-up each other claims. However, you have to really hate money to not buy into the hype and take profits. Then use these profit to buy into proven products

Maybe they are overhyped, but ADA is still in development, at least it has Charles Hoskinsons 

They are not bad coins, just too big volume for mediocre coin in current standart

Tron made a pretty good move in buying Bittorrent and making use of that network for their pet project called 'Project Atlas'.

Afaik, project Atlas will be a way to make seeders earn some money.  Then next phase would be a decentralized Netflix, where users can stream vids with each other and earn some TRX while doing it.

I do not agree with the fact that the Ripple is a very bad coin, it seems to me that there is a prospect. And about Cardano, I've heard that he can start a collaboration with Google and then he will become one of the top coins on the market.

From this list, i agree with you mostly on Tron. It had a rise in price of more than 100X in less then 2 months just because of pure hype that was made by Justin Sun. I think that Tron will continue to lose in value, and it will go to a marketcap of under 1 Billion $ in the next coming months.

They are in fact over hyped coins, especially TRON! That Justin boy knows how to market and make people buy in. I still haven't recovered from the losses buying that coin.

everyone knows in their hearts these coins are shit. that doesn't stop them pumping the shit out of them anyway.

if you let go of your objectivity you'll no doubt wind up a bunch richer. i'm really amazed most of the coins out there are worth anything at all still. just goes to show we have a way to fall yet.

and the tron guy was very smart. he used his dumb money to buy bittorrent so from now on he's a tech player no matter what happens to his shitcoin.

yes, cardano still better than ripple and tron,,
this ADA have an active development too, and there is no quick money for good project
everyone should be patience if they want a huge profit

I oppose Ripple on a fundamental level but I think these types of arguments don't quantify the capabilities of the project. RippleNet (payment channels) released over a year before Lightning Network. With that they are saving 70% on cross border oayments. Even if they are using placeholders to make exchanges, they are utilizing a service offered by Ripple that they are paying for and has huge payoffs. It's a legitimate project.

Ripple can not agree more. But Cardano is the future of a functional crypto within the real world. Could replace ETH, because much better. Serious team behind Ex Eth developer. Pity very slow wallet.

There are some altcoins which can be consider as good option, but those three is not for me.

Although I agree with quite a few observations, I think Cardano shouldn't be judged too soon; they actually have some good stuff up their sleeves. The dPoS issue is more of a conflict of interest due to the programmer working on different blockchains.

Yes, I remember when the internet told that they started a partner with microsoft, and some days after, the IOTA team told on twitter that never existed any partnership.
Overhype, for nothing

This can never be said enough. I'd also add IOTA there, since it's as useless as these.

These coins and many others in the world of cryptocurrency are shining and bright example of the big problem hounding this industry right from the very beginning when all are built on hypes and no real-world uses and cases are later established practically because the foundations of these projects are maybe staked on worthless ideas which can never find any traction in realities. But one thing is sure: we have to credit the people behind these projects for being genius in pushing their projects to the investors. This year 2018 is the very start where investors and the people are asking for more scrutiny before supporting anything. I am then hoping that the investing community is starting to learn the big lessons of 2017.

I don't have these coins because I don't believe with what they are pursuing. These coins are full of hype and never been good IMO.

People who have bought those coins on high and never came out are still believing with those coins so whenever the price goes up again, they can manage to sell and get out.

In fact, they are good in marketing and on how they will create an hype for their coins.

DAG coins ( IOTA and NANO). I remember that vitalik has created a funny comment about that people are overhyping to consider DAG coins as blockchain 3.0 but in fact it doesn't even use the blockchain system and use the centralized server to validating the transaction.
EOS should be included on that list too.

3 crypto-coins that really know the definition of "Vaporware".
'Vaporware' is a term that often refers to crypto-coin projects that do not have a clear use case. It's easy to say that many crypto-coin projects are still in the developmental stage, and have not had a chance to prove themselves. This year's vaporware may be next year's Ethereum - or, at least, investors expect. While a large number of crypto-coins are ridiculed as vaporware, these four pass more that impression than most.
TRON is accused of plagiarism
The case was brought to light when Labs founder John Benet tweeted a photo claiming that at least 9 pages of the TRON English version had been copied from the IPFS or Filecoin documents, both of which Benet co-wrote with other members of Protocol Labs.

Escape the hype: do not go in the same direction as the herd
The vaporware meme gained momentum in November after Nate Murray published a chart describing the top 100 crypto-coins in four words or less. In it, Veritaseum has been labeled as vaporware, although there are much higher coins on the list that possibly guarantee that epithet like Kin, a billion dollar token with zero uses in the present. Let's look at some cases:

Tron (TRX): copy of other projects, without any product
Tron's founder Justin Sun is a rising star, listed in Forbes Asia's 30-plus for 30 years and CEO of a company that went nowhere to get a $ 13 billion rating in less than six months. Tron was one of the biggest success stories of 2018, despite the year being only one week old. The token rose to the top 10 of the crypto coins, after its market limit quadrupled in a day and a half. On January 5, Tron commanded a $ 16 billion market cap: not bad for a company that has no product. However, not all are fans, including Riccardo Spagni, from Monero.
The developer of darknet's favorite privacy currency admitted, however, that he bought Tron in December, explaining that "just because I can identify scams does not mean I'm averse to making money." Critics called Tron the "$ 14 billion Whitepaper with no product" and the project seems to steal the idea of ​​LBRY, which was launched in May last year.

Tron Roadmap is useless and not exciting:

https://tron.network/en.html
TRON is accused of plagiarism
The case was brought to light on Sunday when Labs founder John Benet tweeted a photo claiming that at least 9 pages of the TRON English version had been copied from the IPFS or Filecoin documents, both of which Benet co-wrote with other members of Protocol Labs.

https://twitter.com/juanbenet/status/950142785373405184?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fportaldobitcoin.com%2Ftron-e-acusada-de-ter-plagiado-seu-whitepaper%2F
Closer inspection of documents seems to confirm these claims, as there are multiple instances where the TRON whitepaper is very similar to the text of the Filecoin and IPFS documents.

In most cases, the text does not appear to have been copied word for word. However, the similarities in terms of vocabulary and structure are many.

This is evidenced by the fact that although sections carry essentially the same information, Protocol Labs documents always display more detail and, where applicable, cite sources.

For more details and photos of the documents, visit the CCN website: https://www.ccn.com/trons-whitepaper-appears-plagiarize-filecoin-ifps/

The most damning fact is that the TRON whitepaper does not cite any reference, which at a minimum violates the Creative Commons license under which the IPFS whitepaper was published, which allows for re-use as long as cited as source.

TRON removes Whitepaper from website, but does not support plagiarism
Plagiarism is quite common in the world of ICOs, but as the 10th largest crypto in terms of market value, TRON is undoubtedly the largest project ever to be found.
The CCN reported does not know if plagiarism is isolated in the English version of the whitepaper or if it is also present in the Chinese version.
CEO Justin Sun has stated the following on Twitter:
"Our original version of the whitepaper is in Chinese and we have a very detailed reference to the latest Chinese version. The English, Korean, Japanese and Spanish versions are translated by the volunteers. The translation has lost countless important details and not just the reference, "Sun said.
Despite this assertion, TRON has removed the English and Chinese versions of its whitepaper from its website.

Cardano: Mathematically insecure
With a market cap of $ 25 billion, Cardano is the top 5 cryptomoeda network now. The project will form "a decentralized platform that will allow complex programmable transfers of value in a secure and scalable manner," which could describe most cryptomohedral platforms. What is so different about Cardano? Apparently, "it sets itself apart from being designed from the ground up to provide a secure and sustainable Blockchain that can protect user privacy while allowing regulation," which does not help much. In addition, "Cardan intends to be a mature Blockchain" and that does not mean anything.
Vaporware or not, decentralized cryptomaniac purists are not convinced by Cardano's assertions that "complete anonymity can be counterproductive, as it can supplement the lack of regulatory oversight. The founders of the project aim to find "the right combination of individual privacy protection and provision for regulatory control." The founder of Bitshares, EOS and Steem is appalled by the fact that Cardano's whitepaper does not cite its own work of dPOS. He comments:

"Cardan's algorithm is not mathematically secure. In addition, its algorithm is not "new" but a less secure and slower variation of the DPOS algorithm I originally introduced in April 2014. "

Ripple (XRP): the currency without a function that is not used by banks
Ripple is a fully functional company and one of the longest established players in the cryptomoedas space. It is still working on building important banking partnerships, but at least it has a service to offer. But what about the XRP, its crypto-centric centralized without a purpose? Ripple claims to have signed up for more than 100 banks, but the problem is that none of them seems to be using XRP tokens to transfer money.

Ari Paul from Blocktower Capital commented:

"I am not aware that banks will use or plan to use the XRP token on the scale of tens of billions of dollars required to support the XRP assessment." Only one Mexican financial company has committed to using XRP until now. And that's it. Still, like all crypto-coins on this list, Ripple has enriched its early adopters and for investors who have pockets full of money, that's reason enough for its existence.

https://i.ytimg.com/vi/jpCWCm4KbiM/maxresdefault.jpg
To be fair to the likes of Tron and Cardano, any new criptomoeda that shoots into the top 10 is likely to be labeled vaporware until proven otherwise. And it's not as if these are the only coins in value: altcoins across the line, from the smallest microcaps to the biggest unicorns, are currently in the green. Even Kekcoin, a meme coin for frog fans, grew 68 percent at Cryptopia this week. Then again, with a total offer of only 11 million, Kekcoin can count on an attribute that none of the tokens on this list have - the digital shortage.

Which crypto-coins do you think are also in overhype at the moment? Comment below!