Some things will never work in crypto world

albon

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Quote from: Bitbtc8 on October 30, 2020, 01:53:59 AM

3. Green energy Blockchain projects ( probably built to extort money)
4. Gold backed tokens (two to three works but majority are scam)

Yes, I agree with you, and I have seen such projects in the past years that make their tokens backed by gold, projects that have a green energy blockchain, and medical projects and ended up in failure or scam, competition is strong between projects in the cryptocurrency in order to get investors witch need an innovative idea compatible with the blockchain and the tokens must have a real use on it, and most of the projects that have a strange, incomprehensible, or innovative idea and have nothing to do with the blockchain are only for the sake of attracting and deceiving investors, nothing more.

thesmallgod

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1,2 and 3 projects in this category that I know end up abandon the project or run away with the investors money. Green energy is the most hilarious of them all. I literarily think non of them actually need a blockchain technology before they can develop a artificial intelligent project but most of them are just looking for a way to create a token to be sold to investors. Going for IPO would have been better

dunfida

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Quote from: Bitbtc8 on October 30, 2020, 01:53:59 AM

There are some useless or not actually needed use cases in crypto space that will never work anytime sooner in crypto world, few project developers actually thought they can make them work but they are wrong.

1. VR (Virtual Reality) projects
2. A.I (Artificial intelligence) Projects
3. Green energy Blockchain projects ( probably built to extort money)
4. Gold backed tokens (two to three works but majority are scam)

If you think I'm wrong please give your reasons

You got it all right! There are lots of key areas which are totally irrelevant here on crypto or doesnt really need up or its just too complex for it to be implied nor being created.
This is why we should really be get blinded with those flowery words that had been said on their whitepaper and promising out things which arent actually to happen
or not really that realistic to be applied in real life usage.Its expected that these are bound to fail almost 100% thats why its shit that you would consider out
on putting up some funds nor support these projects which arent actually needed at all.

disconnectme

hero member

Activity: 1876

Merit: 512

I do agree with your point, Crypto is technology dominate and if the idea is not around finance I believe the project will find it had to survive, just look at all those projects in 2017/2018 promising all these fancy idea, most are dead in the water. Augmented reality was hyped then, the project is dead now. I thin some of them just come for the money, once the raise their money through ICO, they move on to something else. So be careful what you invest into

bitgolden

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Leading Crypto Sports Betting & Casino Platform

There are much more stuff in the crypto world that looks like it could be used and you could technically implement it if you want to but will not work because the sector is not ready for changes like that.

For example, scouting in sports world tried to have many blockchain projects and in the end none of them works because in order for it to work you do not have to only convince investors and users but you also have to get interest from scouts all around the world as well.

Is the idea itself bad? Of course it is not, you have a blockchain and try to put every single player in there from young ages to veteran retiring age, every player in one blockchain, that is a good idea, but who will do that? That is the hard part. So, not even things that could technically happen could be loved and used.

Yudhisthir

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VR is a good market with still a lot of market to expand. Most of the project asking ICO funds for VR technology were scam don't mean any project won't work. AI on the other hand is a much more complex business and is not an independent business of it's own. AI is a side research for other established technology. Though blockchain technology would be much more useful on mastering and using AI technology. Blockchain technology would be useful for almost every tech and information based business but it doesn't mean they need to have a crypto for every of them.

Bitstar_coin

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I think this is where some project developers fail, they are unable to recognise the type of niche that really need to be toknenize, just like what the op have said, not all field can work in blockchain as of now, A I is a very complicated field that will not be easy to toknenize, it is better to choose what work and what people can benefit from not dream that is not achievable.

Samayuki

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The only thing that crypto is useful for is payment transactions, mining, finance, etc not some advanced robotics competition, it's never going to work to begin with, I'm not saying AI is not good but it's not a must to exist in crypto space

sambuddha

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Quote from: New_order on November 01, 2020, 02:25:34 AM

I remember a AI project that said there will be robots serving as a bartenders, c'mon how is this even possible? I knew big companies that are into robots ai but they have zero interest in blockchain for now, every AI crypto projects are bunch of liars that have nothing to do with Artificial intelligence, we need to look very well before leaping

The belief that AI can be realized is harmful. If the power of technology is overestimated and human skills are underestimated, the result will in many cases be that we replace something that works well with something that is inferior. Cool

BayAngelo

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What i know is that everything is possible. Developers can choose to apply data on the blockchain to predict the market. it is possible. the aspect of visual reality is what i don't think will be possible. in the Area of artificial intelligence. i think it is possible and people can make prediction and evaluation using data gathered on the blockchain.

slaman29

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Quote from: JeotQ on November 01, 2020, 04:04:45 AM

Virtual reality and AI are very promising use cases, I guess blockchain don't get need them for now, I have high hopes for these use cases but it seems blockchain isn't there right haven, the projects that works better in crypto world are financial projects, gambling projects and payment solution projects

Promising but not needed. Nice to have but no one is demanding it much I would say. All the AI blockchain projects I've seen? Liked the idea, even loved the idea of some but implementation is always severely disappointing for me, to the point I've swore of any type of AI blockchain project by now. It's just not the right time yet for consumer applications like this.

Furryball

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Let's not mislead others, many AI and VR projects have good teams but they never knew that there won't be much interest on this use cases, they had to give a try and see how things work out for them, if things don't go as plan they have to quit and switch to other use cases. This doesn't mean they are complete scammers

Gayong88

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For the scamer there is no end. The concept of new endeavors is always born that can attract potential investors and participants by giving birth to new projects that look good and attractive. at least the picture you mentioned above is true and happens.

Twinkledoe

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Quote from: JeotQ on November 01, 2020, 04:04:45 AM

Virtual reality and AI are very promising use cases, I guess blockchain don't get need them for now, I have high hopes for these use cases but it seems blockchain isn't there right haven, the projects that works better in crypto world are financial projects, gambling projects and payment solution projects

The vision is great but actual implementation is hard as it will not be a hit among the masses. Only few can afford this technology so if the project is not that strong and no solid backing, they will just abandon the project as they can't get sufficient number of clients. That's why a lot of VR or AI-related projects here are not moving forward, because of the fact that they can't get much interest from the community.

JeotQ

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Virtual reality and AI are very promising use cases, I guess blockchain don't get need them for now, I have high hopes for these use cases but it seems blockchain isn't there right haven, the projects that works better in crypto world are financial projects, gambling projects and payment solution projects

noorman0

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[Nope]No hype delivers more than hope

A company that immerses itself in the crypto space does not necessarily mean that its products are implemented with blockchain technology. Their only reason is marketing, an effort to attract investors from the crypto space which is easier and less limited to certain people. There are indeed some projects that are forcing themselves to implement blockchain technology even though they are unnecessary and unrelated just to be attractive to crypto users. If their product or service is useless, what they are offering is in reality unattractive.

kidbounty

full member

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HELENA

the only ones that were successful were the gambling projects, exchanges and means of payment. the rest is just a shit project. AI or VR is just a concept scammers use to raise money. from the beginning I also never believed in a project like this. Moreover, a project backed by gold can never be realized. but strangely there are still many people who wish a project like this a success and the platform is operational.

New_order

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I remember a AI project that said there will be robots serving as a bartenders, c'mon how is this even possible? I knew big companies that are into robots ai but they have zero interest in blockchain for now, every AI crypto projects are bunch of liars that have nothing to do with Artificial intelligence, we need to look very well before leaping

dimonstration

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Dimon69

Quote from: ?? on ??

You are absolutely right all those type of projects never worked and they almost all disappeared except Green Energy projects in which few are in progress and if the green energy billion-dollar sector supports them then these projects will make a good position in the crypto market.

Green projects should be backed and supported by the government to make it successful, as there are in needs to plan that are related to government positions. In terms of other projects there are too many alike projects that exist with them so only few became successful even real estates projects that are popular during ICO days in 2017 are not able to be too successful in these days.

Shasha80

sr. member

Activity: 1876

Merit: 318

Many project developer wants to make something different, in order to attract investors. Even though not all ideas can be
implemented successfully, The 4 project ideas in the opening post must be avoided at this time. Since it won't work in
the crypto world anytime soon, only scammers will use it. So be careful if you find projects with 4 ideas that have been
mentioned.

Topic: Some things will never work in crypto world (Read 491 times)