Topic: What crypro / tokens has the most utility ? looks like all are useless (Read 288 times)

Some Crypto projects are trying to use real products such as gold, I still remember because I also invest in ICO a few years ago, namely Jinbi token, the project uses all the collections of collections to buy coins, so that the price of token is always based on gold, unfortunately it is difficult realized and now Jinbi token was lost in the market.

You could have saved a lot of server space if you would have simply cut the useless chatter and gotten straight to the point, when I tell somebody that all the flowers are blue if he wants to prove me wrong he will ask me if a rose or a tulip is not red! Same for the shitcoins, if you want to prove that there are coins with the utility you could have simply named them and same all the above charade which isn't impressing anyone.

Siacoin - aims to do -  did not solve a thing to date
Storj  - offers something - that is not still not used by anything major - solved zero
MaidSafe - common, is this zombie raising time
Filecoin- again storage again the same thing, zero actual irreplaceable usage, but a 1 star award for managing to get a 96% drop in price from its ATH

None of those coins actually help anything, all the projects behind them could have simply worked by paying the people renting the space in bitcoin, there is ZERO need for another coin. And you can take a look at how any of those actually work, take for example Storj and you'll see that the coin is not actually connected to the cloud storage, the revolutionary blockchain is actually not used at all.


So again, before you even start with another novel, read again and answer only if you understand the question, tell me those altcoins and tokens names that actually have a utility and can't be replaced by bitcoin. If you don't, well...don't!

Bitcoin has got the utility compared to rest of the altcoins. It is universally accepted. Atleast it has emerged as a brand, people know bitcoin is something valuable if they hear about it. The same isn't the scenario with rest of the altcoins. So, bitcoin have reached common people through its utility and widespread.

Most of the coin are token which was created now are fake or scam.So you should do background verification of the project before the investment on that project.When the coin was created now,the liquidity of that coin was hold by the user or traders.So it was controlled by the owner on dump situation.But the control of bitcoin among the investors or creators of bitcoin.

There are thousands of coins and tokens in the crypto market. We can see the pumping and dumping of any token or coin on the market. People usually look at the use case of investing a token, but not all. Others do not care about the benefit of a particular coin, but are after the profit they can make during the pumping of a token or coins. Hype can make a coin pump, but it is generally not sustainable and the utility can make a coin pump long-term, but it needs hype to thrive, otherwise there won't be enough people to patronize and buy such a coin. Hypecoins are good for short-term profits, but will never beat the benefit in terms of smart, long-term calculated investments. If you are a trader or investor, what is important to you when choosing tokens or coins to invest, coins depend on hype or coins with benefit?

I can add XRP in my list because they are indeed good when it comes to transfer purposes. However, we don't know where their developments are going to. They are one of the top alts with cheap transaction fees and at the same time fast, which is very likable in the payment industry. However, some people are hesitant to store this long-term because of its ongoing SEC issues. However, when it comes to payment purposes, I believe, XRP is one of the top alts that you can name as they already have wide coverage. In addition to XRP, LTC is also a good one to keep but still, we need to verify their developments because it will give us idea about their longevity in the market.

"I can re-read your statement four hundred times and I can read your response nine hundred - and still miss it."

You can think of my reasons for responding any way you want, that's your right.

What I wanted to do and still trying to do right now though while typing this response is explain a bit better to make it easier for you to understand since you seem to have gravely misinterpreted my response to OP.

Okay, let me start making it a bit more easier for you to understand. I was talking about different perspectives. And with those varying perspectives people have varying needs or wants and these demand for wants and needs are what gives birth to several projects with different utility or improving the utility of an existing one. These are the real utilities that I have been referring to in my post that you first responded to: Ease of access for something, fun, satisfying or whatever plus the profitability potential. And I'd be damned if none of these utilities are in the coins that you hold or trade on a daily basis(if you are into leveraged trading or flipping).

While I was a bit lazy to mention more utilities I know of, I thought the word "whatever" in that sentence was pretty easy to understand already; that there are more utilities which weren't mentioned.

But yes, be it decentralization, p2e, defi, dao "etc.," or even shitcoins. They are continuously created or improved because there is demand, a need for improvement or a need to satisfy risk taker's needs for fun or thrill on their get rich quick hopium. Are these things important? That depends on the perspective of an investor.

A good example for creating a token with somewhat a copied utility to add improvements or branching out more utilities are these four that are revolving on storage utility :

Siacoin(SIA) - which aims to solve the problem of expensive cloud storage.
Storj - which offers decentralized, end-to-end encrypted cloud storage having the goal of solving problems relating to data security issues.
MaidSafe - which aims to do more on its network than trade storage; it markets itself as a “crowdsourced internet,” on which not only data is stored but decentralized applications live.
Filecoin - which is a blockchain-based marketplace that allows its users to monetize their unused storage space by hosting files for a fee.

The varying stablecoins that currently exist or are still about to pop up can also be good examples but I am sure you already know about those.

Anyway, I hope this response finally made you understand the main point of my response to OP. If by any chance it still doesn't, then apologies but I won't be explaining any further than this.

Bitcoin without doubt seems to be the one with the good utility as transaction source, investment, store of value, and it counts. Beyond this it is the reference asset for the development of altcoins which serves to be a big utility. Among the altcoins XRP being centralized, it is much used on banking sectors and have partnered with different such service providers.

Since you talk about fiat and cryptocurrencies, I'll use the term money.
If money has no value for you, then why do you use them? Now you'll say, but I can't buy food without it. See, it has value for people and you want this or not, you are becoming a part of the people who value fiat & crypto.

Money has value because we need something universal that will help us to exchange anything for everything, including goods and services we want. Money has value because we believe so!

I don't intend to write down the values of cryptocurrencies for you because this forum and the whole internet carry all the valuable information you can search and read.
Small tip:
Google - Benefits of bitcoin, benefits of Ethereum, benefits of Monero, benefits of Cardano, benefits of Matic, etc.
You can also try - What makes bitcoin unique, what makes ethereum unique, etc.

I can re-read your statement four hundred times and I can read your response nine hundred it won't change a thing, the fact that you failed to mention one coin or token that has an actual utility and that can't be replaced by Bitcoin, and since you're saying I'm missing the "utilities" you have mentioned what are those?  Common, don't be shy, one utility other than printing token after tokens with no utility at all.
You were triggered because I picked 5 random coins and those weren't the ones with utility, good, pick 10 out of the first 100 by your choice and tell me the utility behind it that no other coin has.

If you want to contradict my statement and prove me wrong come with the proof.

The cryptocurrency with the most utility is Bitcoin and thats the reason why people are always advising you have their top priority in it when making an investment decisions.
After Bitcoin is ETH but it said that Vitalik Buterin and his crew haven't done anything about it being scalable. ETH not been scalability was what make SOL, BNB, etc gained the support of the crypto community but if we look deeply, all these projects imitate the concept of ETH.
After that is the privacy coin which Monero was the first but they later have some issue which also pave way for new privacy coin.


98% of all altcoin we have in the market are just hype base and copycat.

It is difficult to say that crypto has a clear utility, everything is very dependent on the community, market law applies effectively, it might be said that bitcoin and cryptocurrencies such as antiques, of course the initial value of the item is very low but because of enthusiasts who continue to grow more value .

You were too hung up on proving your point that you missed to understand what I was saying. It would be nice if you would try to re-read my response to OP or at least this one part from my post that you quoted "There are tons of shitcoins out there right now I agree but there are also others that have real utility either for ease of access for something, fun, satisfying or whatever plus the profitability potential." By your response you are implying that I have said all or the majority of the coins existing right now are of great utility. Also, by being under that state of euphoria of being right, you have also missed/ignored the utilities that I have mentioned.

Oh well, that's your opinion. I have no say over that anyway,  I appreciate the enthusiasm to converse though.

I thought of one name which is ethereum. smart contract network platform with more than 1000 Dapps active on ethereum network. This indicates that the ETH utility is very large, plus the current Gas fee is also quite expensive. As long as ethereum is the king of layer1 networks, the need for ethereum will never run out. This guarantees the utility of ethereum even when the market crashes ethereum is still needed.

Medium of exchange that is the actual usage of money and bitcoin has that usecase so what are you expecting more? Do you expect the Bitcoin to make everyone rich or something extraordinary,huh?

Many tokens are just copy of existing projects but the former ones are here and surviving because it has some kind of utility or else it will be faded away in few years like most did.

So you say cryptos are good for internet related stuff ...
1.Show me how i can sell my ebook with bitcoin without a third party involved ,without using nodes or complicated programming ?  
2.Tomorrow i sell my house for crypto to move to another country,now if i move in country x what guarantee do i have that i can exchange my crypto to fiat so i can buy a new house , or that someone will sell me their house for crypto ? ( some countries are considering banning crypto or they already did it )

For dollars . euros etc there is a bank / exchange that it will exchange it for you...cryptos do not have fiat infrastracture and never will do to fact it is competing with gov .... all they have to do is write a law if source of income from mining / trading crypto do not allow that bank transfer or exchange to fiat...and your stuck with the crypto...

Lets say by miracle you have 1 mil usd in cash and you want to give it to me for crypto / exchange it ... how do i move the 1 million usd from your country to my country ? if you have more then 10 k on you ,you have to declare it to customs...

It's just does not have the utility it should have to be considered Money

just like you there is no point in creating an account on this forum... we're just talking about Bitcoin, the emergence of bitcoin 12 years ago changed the human financial system, even just look at this now, many countries have recognized bitcoin as a currency. if you discuss "use" then don't compare bitcoin with gold or fiat money in physical form because bitcoin is a cryptocurrency that runs on the internet.

Name a few of them ....
We have Bitcoin for almost everything, ETH for people to get scammed with tokens and smart contracts, and Moenro for privacy!
What else?


Please define those "utility" coins and tell me what they can do that bitcoin can't and why would the world need them in the first place?


Same for you, show me the utility for like the first page of CMC, not all 50 of them!

Let's start with the bottom 5 for example:
PAX Gold
Moonbeam
Secret
Gnosis
0x

What utility that no other coins can replace do these 5 have?


And now imagine that 50 years later you could only call from one Samsung phone to another Samsung phone, and only between Vodafone <>Vodafone or T-Mobile<>T-Mobile, Do you think usage would have been the same?  

Bitcoin is obviously the one with the utility, because it's used in many places. But, bitcoin doesn't have utility ingrained in it, it is used because people accept it but that is totally different than what we are talking about. This is why I believe that the question is which altcoin has utility that is basically part of the project itself.

I believe ETH is the one, because you can build projects on it and everyone does, which is an awesome thing if you ask me. There are thousands of projects on ethereum network and they are collectively making ETH stay at the second position and get so much part of the market. Can't beat something like that.

Bitcoin currently costs around $40k before it was worthless, even when I got to know bitcoin in 2013 when there were many faucets, ptc, giveaways and many programs that gave bitcoin easily, I once earned almost 2 btc when I claimed faucets and became a lucky participant when At that time the price of bitcoin was around $80, but because the community continues to grow, bitcoin continues to be valuable.