Hundreds of altcoins with new ones being created everyday, it's becoming increasingly confusing for average guys like myself to invest in . Surely most of these coins, maybe 99% of these coins will be dead in a few years. Only a few could be truly unicorns from this deluge of shitcoins, how can we as investors take an educated bet on a coin. What real benefit do any of these coins bring to the world? Why do we need a coin like matchpool, a token for decentralized dating
Why do we need so many privacy coins monero, zcash , zcoin etc? Why do we need country coins like aurora solely for use in one country. Dogecoin and rare Pepes
What I want to know is simply what type of coin serve a real need in this world like bitcoin? Will it be Utility coin like factom, social media coin like synereo, platform coin like ethereum, privacy coins like zcash? Gaming coins like 1st blood or none of them provide enough of a benefit to be a success in the long run due to clones completely saturating the market or blockchain technology itself being overly hyped. What is the ideal use case of blockchain tech and do any of the existing coins provide it?
There are some Altcoins who are a real answer to a real world problem, the most funny point about them is that they get just a very few support, like namecoin, i like the concept, the idea, and how does it work.
While P&D coins get a lot of attention, this is sadly because the Altcoin world is still too young to attract real investors, so instead, there are just some kids playing a bunch of satoshis, and then complains about been scamed by some nerdy scamers.
The thing is that Altcoin users should be more aware of the power they have. There is actually two projects i am foloowing closely, Nexus and codeX.
I am sure that Nexus will bring Altcoins to space, and they provide a real good code quality, i watched some of the videos made by the original creator of the coin, and i must say this guy really knows what he is doing, so for me it is one of the best projects actually based on an Altcoin.
CodeX is a great project run by an IA enthousiast, blockchainmechanic is really a good guy, and he will not issue an ICO like most of Altcoins did, it will be a crowd funding, with great features in the wallet, like, simultaneously running several coins from the same wallet, with a built-in IA with capacities to self-learn which is for me an enormous development to the blockchain technologie.
So the future of altcoins depends of projects like that who brings real new improvements and solutions to the real world problem. considering all the scams and complains from the users i am sure that authorities are aleready considering the regulation of Altcoins, and that will kill a lot of projects and put a load of users to jail (XMR, DASH and all the Annon coins).