Use of Altcoin. Do you know any altcoin that has so much potential as use case?

TheUltraElite

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Quote from: JeotQ on January 23, 2020, 12:48:40 AM

If altcoins have no potential why are they on top ranked lists?

Top "ranks" are based on some metric. Look carefully and you will find it in the charts. It is going to be some price of every altcoin is you stack them all against another and they will get a rank there. That rank does not have any other subjective propagation. It is just a number in the list. No reason for that to have a potential use case.

Take for example BSV and other forked coins like ETC. They were made out of community demands. But are they of any use? Nope. But Why?

Because it is difficult and painful to make people accept and afford something that is difficult for them to understand. Crypto is not every person's cake. Most people cant understand how it works and it is a tough to make them understand.

VanDeinsberg12

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Quote from: shiming on January 23, 2020, 09:00:56 AM

Now it seems that in addition to Bitcoin, it is Ethereum. After all, there are more applications on Ethereum. Smart contracts do have uses in real life, such as contract implementation. The distribution of graduation diplomas can be used on Ethereum. So, for now, I am optimistic about the future performance of Ethereum.

Smartcontract doesn't have a lot of capabilities to be used on real life and it has limitation. Mostly of the smartcontract implementation still around the tokenization and i never see any service that uses smartcontract for another purpose than tokenization purpose. The future of ethereum can't be determine as we are still waitinf for the result from the ethereum big update that will be happening next year.

Ashong Salonga

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Quote from: duke89 on January 22, 2020, 01:11:56 AM

Is there any altcoin that has so much potential as use case in our lives?

It seems that even major altcoin like Ethereum still struggles with securing stores to be used...

There are lots of Altcoins that have potential to be used. It is just that we are mainly focusing our eyes into Bitcoin because it is the most popular and most outstanding cryptocurrency of all time that is why it seems Altcoins are being set aside and only being noticed when the price of Bitcoin is struggling into down fall. Also, even there are lots of potential Altcoins, we are being blind of the concept that potential coins must have great amount when it comes to price which is just a one factor because for me a potential coin has a gopd price and useful in a sense that many people are raising the demand not just because of price but also its usage. The top ranked cryptocurrencies are mostly made up of potential coins so I can say that potential Altcoins do exist which can be useful in everyday life basis. Now the use of it depends on how we will use it that will suit our needs.

Best Dreams

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Quote from: bonyaserg on January 22, 2020, 08:35:56 AM

I believe at the moment the best altcoin is Ethereum. So this coin has great potential for developing a good business. The Ethereum coin also brings a good return on investment. And I believe that this coin is worthy of being the most popular in the cryptocurrency market.

Yes no doubt ETH is good Altcoin that we can invest our money in has great name in market and people believe in ETH for earning good profit and for other uses but as everyone has their own choice so my choice is to invest my money in bitcoin because for me no other coin is that trustworthy as bitcoin is so I personally consider bitcoin the best coin for having on my portfolio.

shiming

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Now it seems that in addition to Bitcoin, it is Ethereum. After all, there are more applications on Ethereum. Smart contracts do have uses in real life, such as contract implementation. The distribution of graduation diplomas can be used on Ethereum. So, for now, I am optimistic about the future performance of Ethereum.

Hallmader

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Quote from: duke89 on January 22, 2020, 01:11:56 AM

Is there any altcoin that has so much potential as use case in our lives?

It seems that even major altcoin like Ethereum still struggles with securing stores to be used...

Not all altcoins are created plainly as a currency. I guess Ethereum was not really created mainly as a currency just like Bitcoin. It is a currency but with a certain purpose. Ethereum was built offering smart contract. Litecoin was a currency just like Bitcoin. Monero was also a currency but with a strong touch of privacy. Others are coins and tokens minted for a specific purpose or ecosystem.

Stores are not yet fully accepting crypto. Only a handful of them do. But to the stores accepting crypto, Bitcoin will always be there, followed perhaps by Ethereum or Litecoin.

fullhdpixel

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Quote from: duke89 on January 22, 2020, 01:11:56 AM

Is there any altcoin that has so much potential as use case in our lives?

It seems that even major altcoin like Ethereum still struggles with securing stores to be used...

There is no other coins apart from the Ethereum you have mentioned. I have never seen any other coins being used for transaction in any case, not even in online stores. Ethereum is the only altcoins that I have seen a few times, the majority are using Bitcoin.

I have also made use of Ethereum and I'm currently using it now for transaction because that's what my business partners uses for transaction, sometimes they switch to Bitcoin. If Libra should be released there is probably going to be huge adoption for it and the way I see it it's going to be on par with Bitcoin when it comes to use case.

HabiebRiziq

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Quote from: Free1bitco.in on January 22, 2020, 07:48:23 AM

Quote from: spike420211 on January 22, 2020, 06:15:30 AM

In my opinion, in the near future, the greatest potential will be accumulated by stable coins.
More precisely, their digital analogues of banking and state financial systems.
The cryptocurrency market is not stable and not so attractive for the average citizen, but storing and transferring money using digital analogs may well become what everyone needs.

That instability might not be that attractive to the average person, but for investors, I think it's very interesting, moreover the rate of increase is so great. but, still, new and potential altcoin and top altcoin have become an area that is often used by investors. however, stable coins are sometimes used as a place to take advantage of falling prices.

Actually, when the stability itself is an opportunity for investors to be able to produce large or multiplied profits, of course this is very risky especially if the investor buys a coin or incorrectly predicts the likelihood that will occur later and precisely the losses that can be obtained and it is true that Today's investors will prefer to play it safe rather than take a big risk.

DevilSlayer

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Quote from: crossabdd on January 23, 2020, 12:00:42 AM

I don't think there is yet. all altcoin is still used on the internet. rapid growth is only on the blockchain ... but in fact, it is still not possible for real use cases. I think the main factor that has not yet sprung up for real use is not enough about regulation. ethereum is the most popular, but it still cannot be used for real life. many development plans, notaries, certificates, etc. use ethereum blockchain records. but that's still a plan.

In terms of utility, I only know 2 altcoins that are also accepting as mode of payment in few stores. ETH and XRP are now alsobecoming popular but the problem is those who want to adopt cryptocurrencies are focusing more in bitcoin than in altcoins. Most of the people who patronizing altcoins have a purpose of price appreciation and not to use it. The price appreciation is all about trading where people are just buying and selling altcoins because their focus is just to make profit.

Chainsmokers

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Quote from: bonyaserg on January 22, 2020, 08:35:56 AM

I believe at the moment the best altcoin is Ethereum. So this coin has great potential for developing a good business. The Ethereum coin also brings a good return on investment. And I believe that this coin is worthy of being the most popular in the cryptocurrency market.

We know that ETH is the best altcoin of all because ETH is under BTC. And to invest in ETH itself is a good decision because we all know that ETH is a coin that has the potential to be able to generate large profits and returns. But actually not only ETH, there are a lot of good and profitable altcoins, all we have to do is look for opportunities to determine at what point when we will buy and sell these coins.

JeotQ

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If altcoins have no potential why are they on top ranked lists? Many new coins and tokens find it hard to reach top 20 isn't it because top 20 coins are so damn good than the rest? If you want names it doesn't make sense, better find them yourself

crossabdd

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I don't think there is yet. all altcoin is still used on the internet. rapid growth is only on the blockchain ... but in fact, it is still not possible for real use cases. I think the main factor that has not yet sprung up for real use is not enough about regulation. ethereum is the most popular, but it still cannot be used for real life. many development plans, notaries, certificates, etc. use ethereum blockchain records. but that's still a plan.

Aabcde

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I think the top 20 coinmarketcap is a coin that has a real use case.
In addition, for now, I am very interested in privacy coins. although not something new. Where a project called Stegos carries this idea. We can send transactions without being seen which is named by the snowball method. In addition, the application also allows us to chat with full privacy without anyone knowing.

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Quote from: duke89 on January 22, 2020, 01:11:56 AM

Is there any altcoin that has so much potential as use case in our lives?

It seems that even major altcoin like Ethereum still struggles with securing stores to be used...

For real life, even bitcoin still must face the main problem. Regulation, 1 word but really important because if there are no regulation about bitcoin or maybe bitcoin can be legalize, only need time for people to use it as payment. And then it can be followed by altcoins too.

inanilujimi

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the actual use case for altcoin depends on where you currently live.
because every altcoin has different activities and uses, if your country originates from crypto it is already legal, of course there are many uses besides being a transaction and investment tool.

salad daging

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xrp continues to move with the approval of certain banks in collaboration from their latest application, most recently they collaborate with one of the oldest banks in Thailand. For ethereum also recently won an important patent for the fiat-crypto transaction system. They haven't had significant success in real business, but adoption has moved very positively.

Xardasim

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Quote from: RussiaUkraineTranslation on January 22, 2020, 08:27:39 AM

Exchange tokens like bnb and ecxx have good use cases.

As Binance's coin can be used outside of the exchange, it may have an acceptable side. But does ecxx have any other function than being exchange's coin? If not, what could be its advantage as a use case? At the very most, there will be a 40% discount for fees. For example, Revain's usefulness is superior than that, and can be added to this list. They have launched Blockchain based review platform.

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Quote from: duke89 on January 22, 2020, 01:11:56 AM

Is there any altcoin that has so much potential as use case in our lives?

It seems that even major altcoin like Ethereum still struggles with securing stores to be used...

There is much use of top ten altcoins along with the use of bitcoin. Many people like to transfer their money via ethereum, litecoin or any other coin which have low transaction fees because many people when sending a small amount in crypto then they cannot afford the fees of bitcoin transaction. There are also a number shops and services online which along with bitcoin also accept some high standard altcoins.

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Adoption isn't that wide for now with altcoins but for bitcoin, it's a very popular mode of payment for most and you don't have to worry about its acceptance because it's the most accepted crypto. Ethereum is the second known crypto and known for the alts but still I agree with what you have said that it is struggling to be adopted by most people. Probably, they are looking into it as a source of different tokens which they don't because it has made a lot of it before and keeps on going.

justdimin

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BNB is the biggest example, they have so many ways to use it, Eos is basically smaller but similar as well.

For bnb, you have a binance exchange, you have binance dex, you have binance trading fee, you have burning, you have funding of IEO, and those are all the ones I can remember without looking up anywhere, its used like hell and that is why it worths so much compared to when it first started, I wish I kept my BNB from back in the day, I had a ton of it during the early days thanks to my affiliates but it was a good chunk of money so I withdrew it, if I kept it I would had so much more money now.

Eos is smaller of course but there are tons of dapps built around EOS, so much so that eos blockchain got clogged few times in 2019 from all the attention it got.

Topic: Use of Altcoin. Do you know any altcoin that has so much potential as use case? (Read 449 times)