Topic: The nft trend should be adopted by old coins. (Read 95 times)
Traditional coins like Bitcoin, Litecoin, NameCoin, Dash are better as they are. Before the concept of NFT ever existed, there was a movement called Colored coins using Bitcoin. Lived for few years, then died. So let keep them away from NFT. However an ecosystem where you can convert your everyday coins in eth ( or any NFT compatible infrastructure) and buy a NFT, would make sense. Basically if you own Bitcoin, Ripple, Tether, Polkadot, Stellar, Dai, Monero, etc you can just convert it into ETH and directly buy an NFT.
I have my own point of view. If I were to purchase a coin right now, I'd like to be able to stake it and receive compound interest. If you stake Fiat, you may make around 1% extra at the bank right now. With cryptocurrency, you're considerably further ahead; some currencies pay out 100 percent to 200 percent each year. It is even worthwhile to pay taxes.
Yeah. HeheBtw, I recently purchased a couple banana and gnana pieces. Then I staked them all to get cyt. It is preferable to purchase tokens that will provide us with a passive income. Staking is, indeed, greater than bank interest.
I might be too complicated to add this to old coins. There are many doge themed NFTs but they are issued on other blockchains. I don't know how you would do NFTs on Dogecoin. They would need something like Counterparty but that would not be the most user friendly solution. Dogecoin is only intended to be used for basic transferring of their native coin. It would require completely redesigning their code to be able to implement this successfully.
Nothing is impossible with the right people and resources. Vitalik Buterin is one of the advisers of the Dogecoin Foundation along with Elon Musk. It is said that the Foundation's goal is to expand the scope and utility of Dogecoin so it wouldn't be a surprise if they come up with smart contracts in the future. I'm confident NFT's will be launched there if it happens. 
Do you believe they (ancient coins) should change to keep up with the new trend?
I do believe but don't you aware that if those old coins have a second layer solution that have already been implemented? I meant it's not all old coins could not able to be used to issue the NFT. Some coins like bitcoin already had a second layer solution like RSK, lightning which make it able to be integrated with the NFT trend. Some people may not agree with this idea but the old coin must follow the trend to keep its demand and volume. People were actively rushing from one to another coin.
IMO the old coins must be able to adapt to the trend that was happening in the cryptocurrency ecosystem. This will be making people will not leave it.
So many old coins became dead coins as people were migrating to the new protocol that was offering more benefits for all of them.
Old coins are still valued, especially the top-ranking ones. However, if the demand for NFTs continues to rise, the arrival of NFTs may supplant some of them.
Do you believe they (ancient coins) should change to keep up with the new trend?
It's not necessary, some old coins have spesific which unsuitable network for NFT. but, I'm not sure what do you mean about this, NFT is different or isn't spesific like another coin, this called NFT > non-fungible token, because indeed don't have own network and blockchain. and moreover, is not called NFT when isn't followed the smart contract where token/coin was used. Do you believe they (ancient coins) should change to keep up with the new trend?
I might be too complicated to add this to old coins. There are many doge themed NFTs but they are issued on other blockchains. I don't know how you would do NFTs on Dogecoin. They would need something like Counterparty but that would not be the most user friendly solution. Dogecoin is only intended to be used for basic transferring of their native coin. It would require completely redesigning their code to be able to implement this successfully.
I have my own point of view. If I were to purchase a coin right now, I'd like to be able to stake it and receive compound interest. If you stake Fiat, you may make around 1% extra at the bank right now. With cryptocurrency, you're considerably further ahead; some currencies pay out 100 percent to 200 percent each year. It is even worthwhile to pay taxes.
Old coins are still valued, especially the top-ranking ones. However, if the demand for NFTs continues to rise, the arrival of NFTs may supplant some of them.
Do you believe they (ancient coins) should change to keep up with the new trend?
No.Do you believe they (ancient coins) should change to keep up with the new trend?
Old coins are better with what they are right now. If those old coins developers are going to take it into the NFT game, they'll be out of the game soon.
Because people who have invested on them liked them for being itself and if they'll step into the nft trend, what happens next if the trend gets old and hype is gone?
Old coins are still valued, especially the top-ranking ones. However, if the demand for NFTs continues to rise, the arrival of NFTs may supplant some of them.
Do you believe they (ancient coins) should change to keep up with the new trend?
Do you believe they (ancient coins) should change to keep up with the new trend?
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