Topic: What should be the primary valuation drivers of a cryptocurrency? (Read 230 times)

Appreciate the input and guidance.

Will work to keep the subjects interesting enough for collaboration. Believe upon closer examination, Futures Protocol is more substantial than it may appear on the surface. However, I certainly realize, with the deluge of "me-too" shit coins, or "why-not-us" tokens, it will be difficult even for a serious community project to have a fair hearing.

Thanks again

But, the whitepaper itself doesn't list any authors?:

Up until a few weeks ago I hadn't shared any of this projects material with anyone that the recipients thereof did not know I was the author. At the time, it seemed redundant if not egotistical. After all, what man is an island unto himself... Again, very limited dissemination; I suppose I should correct that in the near future. Duly noted. Thanks.

Another thing:

It was our first feeble attempt at navigating the API; that is why we more or less set it adrift.

Adding a reply:

I noticed a lot of high-ranking members gave their discussion topics a bump each day by just simply typing in the word "bump". Assumed this would make more sense than that. Quite frankly, just learning to navigate the Bitcointalk Community was the outcome sought. Again, no offense intended.

What exactly are you trying to accomplish?:

Not sure if you mean overall big picture or just emphasizing the prior question. I will assume the latter until clear invite.

Thank you for the sincere feedback. Will work to be adjudicated a valued member of the community, as you are, in the not too distant future.
 

 

I stand corrected if that's the case. There's so many people/newbies blatantly copy pasting from whitepapers nowadays that it didn't really cross my mind that you are/could be the original author.

But, the whitepaper itself doesn't list any authors? Just "Futures" Did i miss something?



Another thing, i really fail to understand the reasoning behind the posts made in this topic of yours, https://bitcointalksearch.org/topic/a-gdp-driven-trustless-monetary-eco-system-of-the-gold-with-a-yield-class-3338908

Adding a reply with just another sentence picked from your whitepaper doesn't really make much sense..? What exactly are you trying to accomplish?

Mr. AdolfinWolf,

Recognize and respect your Hero Member status. Even a noob like me can measure the hard work and value contributions that went into its accomplishment.


Guilty as charged.


For expediency, yes.


I am new and any error or mistakes, that I need to correct, were made inadvertently. Your patience in this endeavor would certainly be appreciated.


I wrote the concept paper you cite. It and everything else you see here came from my head, whether inputted directly or through copy, paste, etc. That may be why you are having difficulty finding it elsewhere.


Again, I intend no harm; I would like to make informational contributions in an effort to better understand this space and learn from others, like yourself. Any guidance you may be willing to provide, including the above, will be graciously accepted and appreciated.

Thank you in advance for your patience.

Respectfully

Ehem,


Where did you get this from? Just stop already.


All of this is also straight from https://icorating.com/upload/whitepaper/mjQJqBhXmR0H3jR9K7ltYZcrnDK7FcqFQZ4I3Woe.pdf Page #4

More Than an Elegantly Crafted Concept. This System Features Broad Functionality, Designed to Securely Host Generations of Trustless Services, Decentralized Applications and Distributed Autonomous Organizations.

A Complete Fin-Tech Solution Creating a True Apex Class Competitor, with Effective Horizontal and Vertical Network Transaction-Chain Integration. 'This is a System That Can Rule, This is a System That Will Endure'.

I would argue that that's only the case because gold doesn't really have one specific purpose. Cryptos, on the other hand, are created primarily to address the need for a trustless payment system, so I would say its raw capability to fulfill its primary purpose (which would be the underlying technology) should drive its valuation more than anything. Adoption and everything else should follow in theory, if we were in a utility driven market.

But yeah, instead we're in a market of investment and speculation, so it is what it is.

I believe, valuation of technology is something which SHOULD be a main driver of cryptoassets valuation. However, when people are greedy anticipating only profits and conditions for price manipulation are met very well (low supplies/caps) I say speculation overtakes technology aspect. Network size is a good indicator of both indeed, but it doesn't tell us the decomposition of speculation based txs and tech-appreciating buyers txs.

i don't think it's about technology per se, although that probably has some indirect effect. for example, gold has very limited applied uses, but it has a huge network effect.

you're right that current pricing is largely tied to speculation. if we're being specific, and talking about actual value vs. speculation, i'd say it's more about adoption than anything else. meaning, the primary driver of value is network size.

this is true for two reasons. the first is metcalfe's law, which ties in with your utility argument. the bigger the network, the more useful it is, which incentivizes further network growth. the "first mover advantage" ties in with this. the second reason is that we are talking in the context of a limited supply. that means that as the network grows (i.e. adoption is increasing), demand is increasing vs. a limited supply. that necessarily means a higher price.

Quite right, however, we live at a truly unique crossroads in modern mankind's journey.
Fact is, the limitation today, unlike times past, isn't technology or even regulatory.

The challenging factor today and going forward is the ability and training necessary for imagineering
and visioneering. In other words, the largest and most perplexing problems, opportunities and challenges
facing mankind in our time have off-the-shelf solutions that our legions of experts and specialists, understanding
more and more about less and less, cannot envision, aka Tyranny of the Specialists.

The one-eyed man in the land of the blind today is the generalist who can arrange the experts and their minutia
into novel and unique self-sustaining solutions. This is a simple pendulum trend thousands of years old.

The unique opportunity now is the ability to connect thousands or even tens of millions of the specialists and experts
without the bottlenecks of time, geography or language. Focusing the collective energy and intelligence to realize the
solutions that are already here, combined with AI-Driven mining for actionable intelligence.

It should be utility and technology. That's what they claim to exist for after all, to provide the world with a decentralized option that could give centralized solutions a run for their money.

What it currently is though, is the potential to grow in value. People only care about technology and utility because it's a factor for price growth. Few people actually want to use crypto the way it should be used. It's kind of sad, but I want to believe things are only this way because the more traditional options are still, as of this moment, more convenient.

Not often do I concur so completely on such an important topic.

We, ourselves have funded several years of research into the many overlapping and
correlative technologies, sciences and fields of inquiry that are necessary to design,
build and facilitate, from whole cloth, a third-generation ecosystem. Some of our thoughts
and findings so far are, in no particular order. May you find them of interest and worthy of
further discussion and exploration.

The Monetary Eco-System must be Trustless, Decentralized, Anonymized and 'Secured' by Validated Eco-System GDP. Driving Rate of Adoption, Fungibility, Network Services, Exchange and Utility Values. A Complete Fin-Tech Solution Creating a True Apex Class Competitor, with Effective Horizontal and Vertical Network Transaction-Chain Integration. A Cryptocurrency Solution That Will Function More Like a Currency of ‘The Gold-Standard Class’ That Is Technically Implemented by Virtue of Blockchain Technology and Physically Secured by Premium Income Producing Assets.

A Cryptocurrency Ecosystem or Cryptosphere Capable of Meeting the Needs of Hundreds of Millions of Consumers, Traders and Trans-Actors on a Truly Global Scale. An Authenticated and Durable Store of Value for Future Exchange, That Would Seamlessly Operate on the International Stage. A 3rd Generation Blockchain Binary Crypto-System Ecology, Connecting Buyers and Sellers Peer to Peer, Trustlessly. Prosecuting a Proactive Posture and Preemptive Security Policy.

A Peer-To-Peer Cryptosystem for Pseudonymously Secure Transactions, With No Central Point of Failure and an Integrated (P2P) Application Development Platform. Enabling the 'Token' or MOE to Be Sent Directly from One Party to Another, Without Being Mediated Through a Centralized Gate-Keeper, Regulatory Body, or Exchange. In a Word, Cryptosphere.

Blockchain Authenticated Asset Portfolio Secured by Audited Net Asset Value, and Guaranteed Conversion into the Underlying Fundamental Commodities. Must Be Backed by Real Assets Producing Real Income. Driving True and Transparent Value/ Price Discovery and Authentic Appreciable Demand, Not the Traders and Speculators.

Must Leverage Existing Communities, Developers, Publishers, Payment Providers, Merchants… to Drive Value, Utility and Fungibility in a GDP Driven Cryptosphere. Enriched with High Quality Goods and Services Exchanged for A True Capital Currency of the, 'Gold with a Yield' Class. Primary Valuation Drivers Will Be Real Assets Producing Highly Sought-After Products and Services Marketed to Highly Motivated, Affluent and Economically Resilient Customer Groups and End-Users.

Monetization of Environmental Services; i.e. Beyond Organics Quality Food, Renewable Energy, GHG Mitigation, Carbon Sequestration Credits, Water and Wetland Reclamation... 100% Renewable, Self-Sustaining, Grid-Independent, Below-Zero Emissions, Carbon-Negative Operations.

Conclusion: More Than an Elegantly Crafted Concept. The System Must Feature Broad Functionality and Designed to Securely Host Generations of Trustless Services, Decentralized Applications and Distributed Autonomous Organizations. The Future is Here, it's just not Evenly Distributed. The Monetary Eco-Systems and Cryptocurrencies that will Ultimately Succeed, Have Not Been Visioneered, Engineered and Brought to Market, Yet...'This is a System That Can Rule, This is a System That Will Endure'.

Good topic to discuss!

Here are the main drivers we see that will affect pricing in the long term.

- Utility of the platform (what can it be used for)
- Transaction speed/cost
- Scalability
- Development team
- Security, and inversely, transparency
- Adoption rate

There are so many factors that will go into it. Hype is clearly the biggest factor right now with the industry being so new, however over the long term the hype factor will be insignificant as everything matures.

Although an interesting choice of words, completely agree.

A Blockchain Authenticated Asset Portfolio Secured by Audited Net Asset Value,
and Guaranteed Conversion into the Underlying Fundamental Commodities.
A GDP-Driven Monetary Eco-System, Driving Transparent Value/ Price Discovery
and Appreciable Demand. Hallmarks of a Trustless, Valued and Secure Method of Exchange.

Eco-System-GDP is Defined and Measured as: Authenticated Cash and Cash Equivalents
from Operations, Modest Earnings Margin/Growth Multiple + Audited Net Asset Value (NAV)
of Portfolio Holdings; land, buildings, equipment, finished goods inventory, natural resources, etc.

currently its according to communal currencies.

most important now is propagandistic success.

in the future it will be "the coin of your style"

coins that suit and support what you love.. be it a lingual nation, a region/country.

or if you are a pure materialist it will be metals.

Although Bitcoin, Ethereum, et al., may be Directionally and
Conceptually Correct, they are far from being Complete Monetary Eco-System Solutions.