Topic: What Is Missing Beyond Coin Development, ICO, Presale or Masternode sales. (Read 192 times)

It's hard but true reality that human beings are most concerned for money than anything else in this world. When they have already found a shortcut to raise millions of money, why would they spend any further health in developing something out of box. All they aim is to market a coin on some cloudy expectations and then list it on some good exchange and done! We will build the project in next life.  


Blockchain technology is path-breaking technology, no doubt. However in recent times we haven't seen it been developing in the way it should be. One of the main reason for the above is the outlook of governments. Almost 90% of the countries hate cryptocurrencies but in such hatred they are forgetting a gem hidden beside these intangible currencies. There are hardly few governments which actually shaping future of blockchain technology. One of the field where I think this tech will work best is Banking Sector. Even after introduction of net banking, etc still 70-80% of Banking work is done on papers. Blockchain technology can ensure speedy and spontaneous transmission of banking data across branches and inter-banking transfer. According to one estimate, using blockchain technology in Banking Sector will reduce the cost of Banks upto 75%. Just imagine those 75% money using for other nation building works!! 

Beautiful idea. I have read some white paper that promise great innovation in the area of accounting but as months roll by, it seem to be the same circle of marketing and making more money without progress towards the promised utility.

You share my thought. I struggled to explain the concept of cryptocurrency to my 18 years old brother. He got confounded that anyone can wake one morning and develop his or her own currency. These gave him reason why the authorities of different countries cannot agree to the idea. But the idea of creating service and real-world use for cryptocurrency projects will be a milestone for world adoption. I have never taken cryptocurrency to be a get rich quick scheme but that's what most developer are making it seem. We need to reinvent the wheel of things.

Was thinking exactly the same about the new coins: what is the point for the humankind? I guess, it is the easiest way to get some profit if you can't think of a more complex idea. But fortunately there are many other sensible projects that can benefit not only their creators but society as well. I believe that in the nearest future blockchain is going to change the whole picture for education system, HR related issues, accounting and business management in general.

There are a lot of frauds in the ICO market. When I was looking for reliable ICO for fresh specialists, I found Socratus. It is a platform for insurance companies that was created in order to make the communication between customer and insurance company more convenient and simple. With this ecosystem, companies will be able to cut operating costs, create new insurance products, deal with data analysis more efficiently and many other benefits. Right now, it is on the stage of private token pre-sales. And I think that it is really worth investing in.

I actually see very little sense in developing any of these new coins. I see Bitcoin as enough, as a "cryptocurrency", I see Bitcoin as the precursor to blockchain technology development and application. I don't see the need for new coins or a crypto market, however attractive that might appear to be at the moment (and I can say this even though I do hold many other alts).

But yeah, as Joel says, it's simply utility. That's all that's missing. I think devs like Taaki and some other projects got it right: we need to start building decentralised apps that people actually need... and that people will want to use. And not really for specialised things but for every day use. I hate the marketing term "killer app" but that's going to be what'll make dapp blockchains successful, if they get people to use them and use them daily.

Not "superior" speed/fee/algo/MN/etc. Cause Bitcoin ain't got any of that and it's doing mighty fine.

I think the reason behind this is to link blockchain with money and stop using blockchain in other services such as high transparency, booking systems, and other projects.
Scam ICOs, Tax evasion, and other factors are the main reasons that led to this negative consideration of this technology and then not to accept them legally and at the level of individuals.
I think if developers stop the idea of "creating money from nothing" to "get money for services," Blockchain will offer more unique projects

Exactly. Anyone who can develop a smart contract can jump start a project and make some crazy bucks then dump the project when he has gotten enough. This really doesn't implement the promise of cryptocurrency. That is being short sighted.

I have participated in many projects, I think DEV - the operators are only interested in their own profits, not interested in investors, not to mention a lot of fraudulent projects

Actually most  of the DEV want quick Money, They launch the first coin if it didn't go well they go for the other project. They  don't care about investors

Thank you Joel_jantsen.

Surely, the tech has evolved but I believe developers need to better focus on implementing solution based projects, start off slow and steady and then explodes upwards in a wave of growth and actualization of the plans. This will require teamwork, collaboration, cooperation. But the opposite seem to be the present situation in the crypto world. (My opinion) I have this feeling that everyone just try to get a share of their own pie and exit.

I’ve followed up few projects and try to contribute within the limit of my knowledge but it seem some Developers from first step into the project never really had plans to reinvent a real thing. Only caught up in plans of getting bucks through sales of their coin and perhaps exit or keep contemplating new marketing strategies to keep manipulating the market in a circle.

Interesting Post!

Well, we hit the saturation point in the blockchain world long time back. The room for innovation is filled with ICO projects which don't have a practical acceptance. Coin Mixing services, On-Chain user management are some of the notable projects that came off uniquely. Although ICO crap has filled the market with broken technology and incomplete projects, there is wide space available for decentralisation.

BlockChain is one of the ways of achieving it but some have extended the same (and better) functionality using HashGraphs. Even though it is not implemented yet, but the tech has certainly evolved. I believe, this is where innovation needs to brighten up.

I see lots of projects think they’ve got it nailed down by releasing a coin, a hypertech graphics website launch and whitepaper and or roadmap. but let’s face it: What differently is the Coin (project) up to?

Some work through out to develop their virtual currency (altcoin) - a money uncontrolled by any central authority. But it's getting too many in the market (exchanges) who wants to stop there? Most Dev. team are all focused in Presales, ICO, Masternodes etc. and lacking in proposal for tangible utilization of their product

A unique Value preposition makes the market grow stronger, faster and well able to withstand competitions. I believe the blockchain technology was meant to change the entire system (sooner or later) but I think it is pretty short sighted developer to keep focusing on getting listing on one exchange after another and that's all what their road map has to offer and trying to manipulate the market for a high volume trading of their coin.

We've all felt the massive impact of technology such as telecommunications electricity or airplanes etc. Do you care to state what you hope to achieve from blockchain technology and cryptocurrency beyond anonymous transaction of large sum of money and escaping taxation. Share your views.

This could help developers get new insight into tangible utility of their products.