Topic: They Must Evolve or Die! (Read 530 times)
Too much junk crypto money is not economically healthy in long term.
I find it hard to understand why most Altcoin developers aren't making their products better . A platform like Steemit should have done lots of improvements and introduce many cool features for its decentralized blogging site in order to attract more users. What about Zcash, Monereo, QTUM, EOS, Stratis, Siacoin, Storj, Doge, etc
Only Bitcoin and two other coin seem to be taking this whole journey seriously.
What are the rest waiting for? Where are there forums? What measure have they put in place to attract the brightest minds & more investors to their Cryptocurrencies. What are they doing with all the millions?
They must wake up and keep improving their Coins or receive the greatest shock of their lives!
Only Bitcoin and two other coin seem to be taking this whole journey seriously.
What are the rest waiting for? Where are there forums? What measure have they put in place to attract the brightest minds & more investors to their Cryptocurrencies. What are they doing with all the millions?
They must wake up and keep improving their Coins or receive the greatest shock of their lives!
what do you mean with better?
look at ripple it is basically the best tech, it is most longterm secure,
and the people behind it are extremly powerful and wealthy they can without any problems hire themselves the best ever available experts,
but what happens?
ripple continues to drop?
there are more things than just good tech, there is also legitimacy, bitcoin is a form of freedomfight (despite waste of ressources)
against overregulation of financial systems,
nevertheless bitcoin will fail one day, for multiple reasons.
1. people lose more and more amounts of bitcoins and wallets get forever closed and dissappear.
2. bitcoin miners are mindless energywasters.
also bitcoin will drop.
regards
We have all seen ICO's come and go, and its true, most of them do no evolve or adapt to situations.
Bitcoin has in fact been around all this time because of evolving eg. segwit2x etc...
Having said that, Bitcoin only had to evolve a few times, but Altcoins need to evolve on daily or monthly basis as there are 100's of Altcoins popping up.
Bitcoin has in fact been around all this time because of evolving eg. segwit2x etc...
Having said that, Bitcoin only had to evolve a few times, but Altcoins need to evolve on daily or monthly basis as there are 100's of Altcoins popping up.
Most developers are addicted to money, after all these virtual digital currency ICO has brought them great wealth.I don't know if it is a bad thing, but I think the developers should not just by a fork to other technology, changed the logo, and no innovation encrypted virtual currency and a development blueprint to get so much money, they should continue to develop not stagnant.
This is due to many ICO have been competing each others.Many were created but less had been successful.Thats why investors that failed with their ICO learned their lessons.Its hard nowadays what ICO is a great project because of too many.To be sure study first their background and whose the people behind that project.
With this case. Those coins that didn't evolve and failed to develop there project will die soon. I agree that most projects remain confident with what they done after collecting huge sums of money.
I see a lot of work being done on many altcoins. There are teams behind them, announcements, roadmaps are being followed, communities are growing.
Maybe you mean why aren't others having a forum like bitcointalk? That wouldn't really be possible giving that this forum has 1 mil users from ALL the crypto world, not Bitcoin specific.
Anyhow, I see a lot of stuff being done out there.
Maybe you mean why aren't others having a forum like bitcointalk? That wouldn't really be possible giving that this forum has 1 mil users from ALL the crypto world, not Bitcoin specific.
Anyhow, I see a lot of stuff being done out there.
Currently, ICO is conducted too much and a significant part of them are producing obviously unpromising coins that are depreciated as soon as they enter the exchange and never rise in price again. Thus, the market gives a good assessment of the created tokens. The assertion that such coins should either develop or die is absolutely fair.
Many alt coins just conduct ICO, collect their bitcoins and leave the project. Investors have been gullible and now learning lessons the hard way.
but that's ill thinking. Many great ICO's are executing their products. Investors (I like to say - contributors because ICO is not an investment tool) need to differentiate ICO projects to: Utopians and to promising ones with business models.
Many alt coins just conduct ICO, collect their bitcoins and leave the project. Investors have been gullible and now learning lessons the hard way.
I don't believe that any real competition exist between so called alternative cryptocurrencies. The world of cryptocurrencies now is on some kind of a chaos.
But you can still find good gems!
But you can still find good gems!
- Most of the old alts doesn't have enough marketing budget to start advertising or hire more developers, development is totally done by developers who want to contribute int he project for free.
- New alts/tokens are collecting millions of $ and using those funds after ICO to create hype about their project with big promises, when they will make successful pump on price they are just dumping their holding and enjoying whatever they will have. They are not spending those funds to make actual development.
- Talking about bitcoin, Ethereum and Litecoin like stablished cryptos, they have huge community support and lots of voluteer developer so these coins are constantly developing or making changes to their network according to market demand.
- New alts/tokens are collecting millions of $ and using those funds after ICO to create hype about their project with big promises, when they will make successful pump on price they are just dumping their holding and enjoying whatever they will have. They are not spending those funds to make actual development.
- Talking about bitcoin, Ethereum and Litecoin like stablished cryptos, they have huge community support and lots of voluteer developer so these coins are constantly developing or making changes to their network according to market demand.
Because they want to better altcoins which suits the needs of people. They need to innovate their products in able to get more consumers to buy the product. That's why we see some altcoins are having an upgrade called hard fork or soft fork. It can improve or fix glitch at their project. Even Bitcoin, people wants it to evolve. Like what's happen recently. The hardfork just happen. They split and create a new one. But unfortunately, Bitcoin still keeps on pumping. It's because majority of people still want the original one. But i know one day they are gonna need to improve Bitcoin. Because altcoins these days keeps on improving. It is needed to keep the project alive.
You are way too prejudictive about altcoins. Bitcoin didn't have any changes for years and even currently has many flaws over the newer currencies. There are 999+ altcoins evolving daily and expanding the market cap. The market itself is evolutionary, at this point everything is evolved.
Every Altcoins project must have a product. And the product that they usually takes a long time. From start of plan, beta tester, until finished product and experiencing many renewal. And definitely take a long time. Just like Bitcoin from 2009 to the present that takes a long time to raise the price of the Coin. We must understand the risks of being an ICO Altcoin investor
I find it hard to understand why most Altcoin developers aren't making their products better . A platform like Steemit should have done lots of improvements and introduce many cool features for its decentralized blogging site in order to attract more users. What about Zcash, Monereo, QTUM, EOS, Stratis, Siacoin, Storj, Doge, etc
Only Bitcoin and two other coin seem to be taking this whole journey seriously.
What are the rest waiting for? Where are there forums? What measure have they put in place to attract the brightest minds & more investors to their Cryptocurrencies. What are they doing with all the millions?
They must wake up and keep improving their Coins or receive the greatest shock of their lives!
Only Bitcoin and two other coin seem to be taking this whole journey seriously.
What are the rest waiting for? Where are there forums? What measure have they put in place to attract the brightest minds & more investors to their Cryptocurrencies. What are they doing with all the millions?
They must wake up and keep improving their Coins or receive the greatest shock of their lives!
Because most are trying to turn a profit and the legit ones don't actually have enough funding or support to actually continue the development. For example ZCash developers are still getting a part of each block mined as a founders reward.
Most have already promoted their project to max and have forums.
It really doesn't matter how much they promote, they need a community and good code backing up the whole coin.
You may want to check ADA (cardano). It might be the first project that it is based on scientific theory and academics, and having to consider the flaws of bitcoin and ethereum and the lessons of crypto space in general. Their PoS algo (Ouroboros) is claimed to be "First provably secure Proof-of-Stake" as it is gone through academic peer review by cryptographers and was accepted to present at the recent crypto17 (a yearly conference for cryptographers). Ohw and their blockchain is coded in haskell.
Their blockchain seems built to resist hardforks when it needed protocol updates, rather it is routed through softforks (CIP) in layered fashion. We're currently in the bootstrap era of the project that has the SL (settlement layer) houses the ADA currency, and by Q2 2018 we expect to see the CL (computation layer) which houses the smart contracts capabilities of the project. This is where got me interested as they're integrating K framework which support multiple languages which mean smart contract developers are not tied to just one language like solidity. It's going to be a great competition in 2018.
Explanation from charles: https://www.youtube.com/watch?v=Ja9D0kpksxw
the interview by lark: https://www.youtube.com/watch?v=Ja9D0kpksxw
Their blockchain seems built to resist hardforks when it needed protocol updates, rather it is routed through softforks (CIP) in layered fashion. We're currently in the bootstrap era of the project that has the SL (settlement layer) houses the ADA currency, and by Q2 2018 we expect to see the CL (computation layer) which houses the smart contracts capabilities of the project. This is where got me interested as they're integrating K framework which support multiple languages which mean smart contract developers are not tied to just one language like solidity. It's going to be a great competition in 2018.
Explanation from charles: https://www.youtube.com/watch?v=Ja9D0kpksxw
the interview by lark: https://www.youtube.com/watch?v=Ja9D0kpksxw
The rule of exclusion will not abandon a project. If you do not have a good development plan you can not survive in the market. Many projects have emerged for some time and disappeared because they were not manageable.
Hopefully, some altcoins actually get to read this and be moved to action. There is so much potential to cryptocurrency. I can only imagine how this will change the world.
I think the OP is just overwhelmed by the onslaught of new projects, including fly-by-night airdrop tokens and ICO tokens based on vague schemes. New ones pop up everyday, and while there do exist promising projects in the ICO sphere, they are in the minority. It takes a lot of digging and research to find the ones that are worth investing in.
I disagree with the conclusion that innovation has left alts. There are quite a few interesting projects among old-school POW coins. I think once the token craze dies down a bit, money will flood back into innovative coins. DCR, STRAT, RADS, ARDR, XIOS are a few that come to mind. If you're paying attention, a lot is happening in the altcoin scene, but it's largely being brushed under the rug because of the hype around ICOs. Give it time; these things move in cycles, like all markets.
Great topic OP. I agree, these altcoins should really get up and do something. Bitcoin never had any ICOs and yet they are consistently working on (or fighting amongst themselves) upgrades like this segwit2x, lightning, mast, etc.
Hopefully, some altcoins actually get to read this and be moved to action. There is so much potential to cryptocurrency. I can only imagine how this will change the world.
Hopefully, some altcoins actually get to read this and be moved to action. There is so much potential to cryptocurrency. I can only imagine how this will change the world.
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