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Topic: World economy would benefit if all crypto work together (Read 571 times)

sr. member
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Variations of cryptocurrency allows traders to choose and earn, it also makes the market volatile in which a cryptocurrency could be bullish and bearish at certain times. That makes it possible for people to earn from cryptocurrency. If cryptos will unite for a purpose of good, I think we just need one crypto that possess the characteristics we need. Because for me, I like the idea of having many cryptocurrencies available, for me to choose which is better for a certain purpose, and for me to earn through trading it with other promising crypto on the market.
newbie
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If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!

I agree, lets also include on the positive impact - fighting corona virus and preventing future pandemic.
hero member
Activity: 2814
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Using cryptocurrency in our daily lives do really benefit us,
Think twice before using crypto payment on your daily basis with the transaction fees for every purchase you make, that would be fun  Tongue. I have an alternative for daily transactions without any transaction fees.

but i am not that sure if every cryptocurrency will work together just to make the world economy better becauseevery cryptocurrency has their own use on how they were developed by it's own creator,  
The world thrives on competition and no country will work towards making the other country better.

People are creating their coin for the purpose of people investing in them. They want to popularize their idea of a coin, and despite the cause of the coin, people want to earn money. 
If the purpose is to create coins for the sake of creating one then it will not last that long, we have seen many projects and coins coming and going in the past ten years and i believe this space does have the most number of failed projects in a very short period of time
hero member
Activity: 2002
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At some point in time, this can happen once the people in charge of those many different crypto projects, then they can encourage other teams to join forces and get more crypto benefits for ALL.
If joining forces would have been possible we would have already had that because a few years back the market started with bitcoin and everyone who came in the idea wanted to implement their separate ideas and now we have thousands of coins and tokens in the market and to be frank we really do not need those shit coins and all we need is bitcoin in the crypto market and a few anon coins for privacy.
sr. member
Activity: 966
Merit: 274
Using cryptocurrency in our daily lives do really benefit us, but i am not that sure if every cryptocurrency will work together just to make the world economy better becauseevery cryptocurrency has their own use on how they were developed by it's own creator, so it will be very difficult for every cryptocurrency on how will they be cooperate to one and another.
hero member
Activity: 1722
Merit: 528
It would be easy for the adoption to happen if all the team will work together and partner up. I think this will soon be possible once teams realizes they need the community of the other coin to grow bigger.  All of the coins, though they have different technology behind their projects can be united for the adoption.

Some projects can be connected without problems, though there is this main reason why wouldn't this happen.

People are creating their coin for the purpose of people investing in them. They want to popularize their idea of a coin, and despite the cause of the coin, people want to earn money. We are naturally greedy, we have our own ways of showing them. If they started partnering up for a certain project, that would be great but there might be a problem in the long run.
member
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The whole blockchain technology has been flooded with a lot of projects, most of the time it becomes really difficult selecting which one to choose over the other. There are more practical measures that can be taken by major stakeholders to ensure that most projects are able to achieve their mission and goals.
sr. member
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I agree with you that in business everywhere companies do not work together Their style is different But if I had all the crypto working together the world economy would benefit because there would be no difference between them all being limited to one place. But crypto is never a stable currency These companies will change with current technology.

At some point in time, this can happen once the people in charge of those many different crypto projects, then they can encourage other teams to join forces and get more crypto benefits for ALL.
sr. member
Activity: 1204
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I agree with you that in business everywhere companies do not work together Their style is different But if I had all the crypto working together the world economy would benefit because there would be no difference between them all being limited to one place. But crypto is never a stable currency These companies will change with current technology.
legendary
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For me collabaration will eliminate the competition and in turn will make the price of cryptocurrency stabilize, I may be wrong but that happens in different kinds of businesses.
It is not as easy as you say. Would a project trying to set up their coin in the competition want to collaborate and if so who would they collaborate with? They will have to do it with another shitcoin project meaning increasing pile of shitcoin. Grin

Dont compare this with companies running mainstream businesses. They are recognized and licensed to run with a legal support and they may wish to buy stakes from other companies. It is much different when it comes to crypto economy. Here it is like a wild west and will remain like this for a long time.
hero member
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World economy wouldn't benefit by the way op states here. It's also very hard tasks and requires tons of discussion. At some point I agree with you, we create world economy and also: Together we stand, divided we fall. We aren't together and that's why we fall, everyone cares about themselves and not about overall society. We aren't united, we are separated, that's real problem. And this problem has to be fixed in real life at first rather than in cryptocurrencies. The reason we created cryptocurrencies is that mentioned problem isn't fixed in real life.
So what I want to say is that problem is deep. Let's take care of each other, let's give loans in lower percentage, let's share profit of organizations to their employees, let's have fixed, for example 1% of all profit from organizations to be put in education and try our best to educate poor people, poor nations along us and etc.
This is from where we have to start fixing of problems.
full member
Activity: 1372
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In my opinion, the main problem is that each individual blockchain has its own scalability problems. Even if we consider them separately from the speculative nature of each individual coin, we will all have huge problems with technology compatibility. Therefore, projects with all the desire may not always work together. But you are right, this can lead to the creation of something new, but then you have to abandon the old.
It seems to me that the teams of specialists still have a lot of work to do to improve all the platforms that are in demand, as well as increase the technical characteristics of all cryptocurrencies.  Indeed, today the main problem, for example, Bitcoin is this scalability, and If you pay attention to Ethereum, which surpasses Bitcoin in some technical characteristics, then Ethereum, in my opinion, the main problem is its unlimited amount, which over time will affect its value in a negative way.  Before cryptocurrency will be used as a means of payment, and not a means of earning thanks to volatility, it is necessary to improve its quality for everyday use.
sr. member
Activity: 1313
Merit: 278
In my opinion, the main problem is that each individual blockchain has its own scalability problems. Even if we consider them separately from the speculative nature of each individual coin, we will all have huge problems with technology compatibility. Therefore, projects with all the desire may not always work together. But you are right, this can lead to the creation of something new, but then you have to abandon the old.
sr. member
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For me collabaration will eliminate the competition and in turn will make the price of cryptocurrency stabilize, I may be wrong but that happens in different kinds of businesses.
sr. member
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All the Blockchain projects that you’re seeing, they all don’t have the same purpose, each of them has a different purpose as to which they were launched and if they should try to work together it might not work out due to they will still be busy pursuing different goals.

Unless you mean that all the projects should start making use of bitcoin instead of creating their own cryptocurrencies, but that still won’t be possible, because how these projects is that they sell their tokens to investors and its just like when you’re buying shares from a company. So, this is not going to be possible. I guess in near future, we might be seeing lots of changes in how people are looking at bitcoins or at least on blockhchain technology which may lead to all we are all looking for.
sr. member
Activity: 910
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If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!
If those developer would unite together and create a project that will have a huge impact to the economy, for sure the government will be accepting bitcoin or cryptocurrency in their country as of now. We can easily spread the positive effect of crypto if we are going to work together as one.
Not sure about it because how would they collaborate with each other and developed their own single coin if they have their own purpose and differences. The only thing that governments in a country will start to adopt cryptocurrency as a legal currency if crimes and frauds have stop in the world of crypto, not making all crypto work together.
full member
Activity: 644
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If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!
If those developer would unite together and create a project that will have a huge impact to the economy, for sure the government will be accepting bitcoin or cryptocurrency in their country as of now. We can easily spread the positive effect of crypto if we are going to work together as one.
sr. member
Activity: 1568
Merit: 283
Maybe there could be some smaller ones that gets connected by together creating one more coin that could be exchanged for and get bigger? I know it is not an ideal situation but if you are a coin that has a less than 1 million dollars market cap that kind of means that you are not going to be anything as long as you continue that way, no coin that has under 1 million market cap can suddenly become a billion dollar coin, there is no way.

What could be done is create a token that basically exchanges that token with some other smaller coins and eventually 5-10-20-50 or whatever number of coins can all join in together to create one bigger token. Of course, financially and technologically it will be a very very tough thing to achieve but if coins can do that, we can actually see something amazing.
jr. member
Activity: 73
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People cant work together on govs level and you are talking about crypto unite
hero member
Activity: 1666
Merit: 502
If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!
It's a good idea, by trying to unite the minds of each developer and incorporate the advantages of the system that has been made into a new system that is better.

In fact every developer has his own goals. so far from my experience in system development, that everyone has their own point of view let alone programming languages and frameworks have lots of products. so thinking like uniting is naive in my opinion.

We are in the crypto industry which prioritizes decentralization.
full member
Activity: 1442
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If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!

I definitely agree with you, a collaboration between crypto will push the cryptocurrency usage and adoption to new heights but as bright as this idea may seem, developers tend to work their way separately.  For reason of fame, and wealth.  Others wanted prestige so instead of working with the team of existing cryptocurrency, they tend to create their own in hopes to be well known.  Others just wanted the wealth that will be collected once their project succeed.



I think the first effective step is to educate government officials from all departments about cryptocurrency and blockchain, especially those that are not decentralized. Most conventional official thought is not only to minimize risk but also to eliminate risk. With the discussion, simulation and supervision, I think officials who in fact ancient people will understand about cryptocurrency and its benefits for the economy.

The adoption of cryptocurrency in many countries is hampered by legal issues from the government, the majority of which believes that crypto threatens the country's sovereignty and is vulnerable to being used to finance terrorism and crime. Various simulation results will also give an idea of the plus and minus points. So as to provide broad insights from all elements of society especially government officials who make and pass laws.
I strongly agree with this one. It is needed for the politicians to know what cryptocurrency is since some laws needed to be enacted and amended in order to legalize Bitcoin along with other cryptocurrencies. There may be a lot of concerns to be faced as mentioned but with the help of new laws and regulations with addition to a special department to oversee any crypto related issues along with the set of professionals to address these then the potentials it could bring especially in the growth of the economy could be welcomed.

right, politicians are legislators, so that before they set a rule, it would be better if they know the understanding of cryptocurrency, so that the policies taken are appropriate policies, do not harm others and can encourage the development of a nation. sometimes we deplore, many rules are set, but not on target, most of them lack mastery of the problem
full member
Activity: 1638
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Cryptocurrency market is free and unregulated. The aim of every single crypto project is to get a maximal profit. Developers and groups of devs rival each other.
there are regulated and there are not , also not all crypto are aim to profit only  but mostly those are ico/ieo/sto and simillar to this only which goal is to gain much profit  .  some groups and devs can also work from one coin to the other but we cant see it and we only think that those coins are rival .

Quote
Working together for a commonweal is possible in anarchic-communistic society only. Crypto industry isn't a commune.
thats a deep explanation you have here .  cant understand the other words aside from working together   . working together is i think not possible because if you look at other local currencies , they are not also working together .
jr. member
Activity: 42
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Cryptocurrency market is free and unregulated. The aim of every single crypto project is to get a maximal profit. Developers and groups of devs rival each other.
Working together for a commonweal is possible in anarchic-communistic society only. Crypto industry isn't a commune.
hero member
Activity: 2086
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If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!

I definitely agree with you, a collaboration between crypto will push the cryptocurrency usage and adoption to new heights but as bright as this idea may seem, developers tend to work their way separately.  For reason of fame, and wealth.  Others wanted prestige so instead of working with the team of existing cryptocurrency, they tend to create their own in hopes to be well known.  Others just wanted the wealth that will be collected once their project succeed.



I think the first effective step is to educate government officials from all departments about cryptocurrency and blockchain, especially those that are not decentralized. Most conventional official thought is not only to minimize risk but also to eliminate risk. With the discussion, simulation and supervision, I think officials who in fact ancient people will understand about cryptocurrency and its benefits for the economy.

The adoption of cryptocurrency in many countries is hampered by legal issues from the government, the majority of which believes that crypto threatens the country's sovereignty and is vulnerable to being used to finance terrorism and crime. Various simulation results will also give an idea of the plus and minus points. So as to provide broad insights from all elements of society especially government officials who make and pass laws.
I strongly agree with this one. It is needed for the politicians to know what cryptocurrency is since some laws needed to be enacted and amended in order to legalize Bitcoin along with other cryptocurrencies. There may be a lot of concerns to be faced as mentioned but with the help of new laws and regulations with addition to a special department to oversee any crypto related issues along with the set of professionals to address these then the potentials it could bring especially in the growth of the economy could be welcomed.
sr. member
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If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!
Not sure collaboration is possible in cryptos between projects because coins using different blockchain so its not possible to merge them but we don't need that much amount of cryptos just eliminate all the shit projects and just keep 10 best projects of all time so from this capital amount won't get diversified,new projects scam will be eliminated then cryptos will gain trust more than from now and people will start using cryptos for everything.
Even though we want a collaboration of the top projects at the moment, I don't really think it could be possible. Each project varies on its vision in the crypto world and as long as it stays like that, any practice of unity would be so hard to make. Instead of pushing projects for collaboration, we should instead focus on spreading the news and if possible, using crypto as a mode of payment on whatever we are buying.



It would be easy for the adoption to happen if all the team will work together and partner up. I think this will soon be possible once teams realizes they need the community of the other coin to grow bigger.  All of the coins, though they have different technology behind their projects can be united for the adoption.
Maybe someday, this could be possible. If the teams behind different projects would agree to focus on one thing, then that would make a big impact to the betterment of the world's economy and the crypto community.
sr. member
Activity: 1313
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I see in the future a perfect system that is completely complementary and interacts with each other in an interdependence format.
Such a system will very quickly be able to identify the shortcomings of all systems and translate into something new more perfect than all the systems that we have at the moment.
A system without errors maximally aimed at human interaction and technological future.
legendary
Activity: 2492
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It would be easy for the adoption to happen if all the team will work together and partner up. I think this will soon be possible once teams realizes they need the community of the other coin to grow bigger.  All of the coins, though they have different technology behind their projects can be united for the adoption.
legendary
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If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!

I definitely agree with you, a collaboration between crypto will push the cryptocurrency usage and adoption to new heights but as bright as this idea may seem, developers tend to work their way separately.  For reason of fame, and wealth.  Others wanted prestige so instead of working with the team of existing cryptocurrency, they tend to create their own in hopes to be well known.  Others just wanted the wealth that will be collected once their project succeed.



I think the first effective step is to educate government officials from all departments about cryptocurrency and blockchain, especially those that are not decentralized. Most conventional official thought is not only to minimize risk but also to eliminate risk. With the discussion, simulation and supervision, I think officials who in fact ancient people will understand about cryptocurrency and its benefits for the economy.

The adoption of cryptocurrency in many countries is hampered by legal issues from the government, the majority of which believes that crypto threatens the country's sovereignty and is vulnerable to being used to finance terrorism and crime. Various simulation results will also give an idea of the plus and minus points. So as to provide broad insights from all elements of society especially government officials who make and pass laws.
legendary
Activity: 3052
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IMHO collaboration would rather have an adverse effect in the efforts of delivering anything good to crypto provided that every developer has their own mentality and way of thinking and there comes a point where majority would not support a project due to it either being fishy or some having personal issues with the team of that project or the project itself.
hero member
Activity: 3024
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It is an impossible dream to happen.
But it might come if all of dream drop the projects that they are working with and start pushing bitcoin worldwide. This is the kind of unity that we all want to see so that only one cryptocurrency will be proclaimed and will ever be the king.

Honestly it can happen if there will be one crypto department which connects all cryptos in some way (I can't really come up with one).
This is not some magical unity, but a normal market regulation
We haven't seen it so it's just a 50/50 situation that might possibly happen by all means. But I'm more convinced that this is just a myth that we will never see unless everyone has made up their minds to support only one cryptocurrency.
And that could be bitcoin.
legendary
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If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!

I definitely agree with you, a collaboration between crypto will push the cryptocurrency usage and adoption to new heights but as bright as this idea may seem, developers tend to work their way separately.  For reason of fame, and wealth.  Others wanted prestige so instead of working with the team of existing cryptocurrency, they tend to create their own in hopes to be well known.  Others just wanted the wealth that will be collected once their project succeed.

sr. member
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It is an impossible dream to happen.
But it might come if all of dream drop the projects that they are working with and start pushing bitcoin worldwide. This is the kind of unity that we all want to see so that only one cryptocurrency will be proclaimed and will ever be the king.

Honestly it can happen if there will be one crypto department which connects all cryptos in some way (I can't really come up with one).
This is not some magical unity, but a normal market regulation

At some point, we will see different blockchain interacting with each other, that is how I see the side blockchain interactions like Nxt for example and many others, in this way they get coordinated and get benefits from the crypto ecosystem.
legendary
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It is an impossible dream to happen.
But it might come if all of dream drop the projects that they are working with and start pushing bitcoin worldwide. This is the kind of unity that we all want to see so that only one cryptocurrency will be proclaimed and will ever be the king.
It is definitely a dream where everyone focus their time and skills on developing bitcoin rather than thousand other digital currencies which is not a big positive to the entire market. The problem here we had is that everyone wanted to come up with their own version of coins so that they can take advantage of the opportunity to make easy money and that is the reason we have thousands of coins and tokens in the market. If Satoshi would have implemented some sort of restrictions to use his technology even as an open source product we would have seen a different world altogether in this space.
sr. member
Activity: 1876
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In my opinion it is very difficult to become a reality all cryptocurrency work together to be able to provide benefits to the world economy.
Because of selfishness and human greed, makes every developers coins do not want to budge and they compete to be the best. Therefore
every developers coins has their own agenda and also has a different blockchain network. Too much difference to make the whole cryptocurrency
united. So for now the idea of all cryptocurrency working together and united is still impossible to be done.
full member
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It is an impossible dream to happen.
But it might come if all of dream drop the projects that they are working with and start pushing bitcoin worldwide. This is the kind of unity that we all want to see so that only one cryptocurrency will be proclaimed and will ever be the king.
That is what I think too, this is actually impossible to happen because if we look at the situation right now, some countries are still banning the usage crypto on their vicinity for their own reasons, as usual, and primary thinking of every person that has no knowledge about crypto, they are thinking that it is a scam, which is actually not. We cannot push crypto to be used all around the world but maybe we can do a thing to promote how really good it is to use cryptocurrency.
its all about a competition,this will be unbreakable to accomplish in control of an activities or organization which is under a single command power ,through this if all crypto investors has working together to build ,it should be a brilliant idea i think the whole crypto community would achieved a gradual increase in production,if people using bitcoin and alt coin pair it will be a perfect combination soon,but some people say that its better to subdivide and i also agree that because bitcoin is the mother of alt coin ,
This is also one good reason why that is impossible to happen, if we think how the market goes, it is actually a competition of platforms for every altcoin or bitcoin because the good the platform is, the more investors will support since they know that they can earn supporting that particular project. It is the competition of tokens with their platforms and plans.
sr. member
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instead of making a coin again and again  wasting time  effort and money why cant they just support the existing ones and only use thier money and effort on promoting it or to help it grow more   ?

I think that has to do with all different people with different egos trying to be right, but each of them trying to compete and having the idea of profit with their own blockchain or trying to be the next bitcoin. People who do not value synergy end up working on their own rather than joining forces and bring results together. Love for control and being right those are the bad parts of people not willing to help well-stablished projects to thrive.
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 its all about a competition,this will be unbreakable to accomplish in control of an activities or organization which is under a single command power ,through this if all crypto investors has working together to build ,it should be a brilliant idea i think the whole crypto community would achieved a gradual increase in production,if people using bitcoin and alt coin pair it will be a perfect combination soon,but some people say that its better to subdivide and i also agree that because bitcoin is the mother of alt coin ,
legendary
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As long as they have different projects and ideas, then forever they will become competitors, no one will really want to work together because each of them has different views and missions in this market. Why does this kind of cooperation become something that you hope for a world economic benefit, because when they can work together then what will become very likely is a big adoption and that is a benefit that is obtained for crypto itself and not for the world economy.
newbie
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It is an impossible dream to happen.
But it might come if all of dream drop the projects that they are working with and start pushing bitcoin worldwide. This is the kind of unity that we all want to see so that only one cryptocurrency will be proclaimed and will ever be the king.

Honestly it can happen if there will be one crypto department which connects all cryptos in some way (I can't really come up with one).
This is not some magical unity, but a normal market regulation
sr. member
Activity: 2660
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It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!
If all projects are going to be working together that means there wouldn’t be any other cryptocurrency I guess or there wouldn’t be much. Since there is already Bitcoin, companies might create a platform and require funds in Bitcoin and just like that they wouldn’t have to be creating their own tokens and coins and make use of what is already available. But my question is, which of them will even agree to work together like that? They will mostly prefer to work differently and that’s their problem.

Hmm, no offense but the unity you are pertaining about sounds impossible for me. Every developer got their own visions for their own coin of cours and each one of them have different intentions — some aim to make a better version of btc, some made it for the sake of business and some just made it for scamming people. On that aspect, unity was already absent.
They all have a different vision, and they wouldn’t agree to work together. They would like work differently and pursue their own goals. Some of them are just into because of the money and they are mainly the ones end up failing and disappointing their Investors.
full member
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this idea is great  . im sure those crypto creators also want for crypto be used on a daily basis anywhere in the world  so instead of making a coin again and again  wasting time  effort and money why cant they just support the existing ones and only use thier money and effort on promoting it or to help it grow more   ? in that way crypto adoption can speed up and if crypto is only few and big   , or should say if there is only one crypto specifically bitcoin for example i think it will be approved by any governments instantly   . all people can enjoy the benefits if that happen  
hero member
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It is an impossible dream to happen.
But it might come if all of dream drop the projects that they are working with and start pushing bitcoin worldwide. This is the kind of unity that we all want to see so that only one cryptocurrency will be proclaimed and will ever be the king.
legendary
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I strongly disagree with this thinking... The strength of Alt coins is the fact that different developers can experiment with new concepts and scaling solutions, without being "blocked" by lead developers of single projects. Imagine what would happen if there was one or two people calling all the shots on every Alt coin that was in development.  Roll Eyes

Also, too many cooks, spoils the broth comes to mind. It becomes too difficult to make decisions when there are too many people participating in a single project. < Just look what happened when we had to decide on the last fork and how many people were trying to sabotage the other side, because they wanted their fork to be the dominant fork. Roll Eyes >
jr. member
Activity: 93
Merit: 1
Sometimes working in collabs is impossible. I mean every company tries to perform the best. So it's often about competition.
full member
Activity: 742
Merit: 160
Cryptocurrency becomes so prominent all over the world. Some countries already accepted the cryptocurrencies in there which is good, including the state of China, a country that is known for being as one of the stable and advanced countries in the world I cannot see something terrible in cryptocurrency so I confused to some countries that afraid of accepting cryptocurrency in their land, they didn't know the advantage of cryptocurrency if they have it in their area, one of which is, in online world all things are so convenient which also uses cryptocurrency to avail some stuff, like movies, software, bills, and any other payments, but the thing I doubt in online world is most of the websites are scammed, and it has a big chances that hackers and spammers can steal your money.
sr. member
Activity: 1666
Merit: 267
Earn bitcoins every hour, link below at signature.
If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!

That's a hard goal to achieve, too many factors to consider.

Once each project realizes that they can't achieve their goals by themselves then they might consider doing partnerships, we can see that already happening with many of them. Why work hard when teams can join and create synergy?
full member
Activity: 1344
Merit: 110
SOL.BIOKRIPT.COM
If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!

That's a hard goal to achieve, too many factors to consider. Most of the project developers wants their name to be known aside from earning money. They have different sets f of minds with different needs and it is hard to compress them if they have different ideas. As of now I only see collaboration of projects between exchanges and new projects, and this is because they want money, more money. The real question is are there still projects that don't raise funds for their set of goals and do their projects with what resources they have? I think if they succeed somehow, they would benefit from it later on as people will buy it in high price if is useful enough or at the phase that it can be utilize. Bitcoin's creator only needs the support of the people through their help running the network, he even gave some BTC to some, he never asked money from them.
sr. member
Activity: 1638
Merit: 300
I like the concept from above, especially the part with '' work smart than hard'. Somehow all crypto projects are in competition even if they try to sustain the same technology.

Obviously, they want to earn other than laying the goal of the project of the coin. We can' really remove that from the market since we are talking about profits here, we are talking about money here. The reason a lot of projects are popping up, wanting their ideas to take over and earn a huge amount of profit from investors and we are not even talking about scams here. Just imagine how hard it is to unite people if they just want to earn.
copper member
Activity: 546
Merit: 1
This is what am actually craving for to see happening, but alongside all cryptocurrency working together or most cryptocurrency working together, another implementation i would love to see come to live is the usage of cryptocurrency in the business world as well this including general global market as well as the economy sector in each or most countries. With this the main purpose of cryptocurrency is achieved and this would bring an avenue for more growth.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
Could you really blame them tho? Right now we are living in a world where you can work as hard as you humanely can and you could still stay poor, not maybe "I don't know where the next email will come" level of poor but "If I am unemployed for 2 months I am screwed" level of poor and that is exactly why I think we should start to focus on why those people are trying to make money quickly rather than why they are stealing peoples money.

In a fair world what those people are doing would be seen as greedy and bad but right now if you steal couple million dollars from people with the disguise of a new token or a new coin or even a fork or whatever you are basically making sure you will live a decent life by risking your life in exchange, nobody would want to do that, people would prefer a fair world where they can make their way as well but they see this as only way out of poverty sometimes.

Not saying what they are doing is right, it is wrong and illegal in many cases but at least we know that they are not doing it for fun, they are doing it to get a better life which I kind of understand.
full member
Activity: 1232
Merit: 186
Hmm, no offense but the unity you are pertaining about sounds impossible for me. Every developer got their own visions for their own coin of cours and each one of them have different intentions — some aim to make a better version of btc, some made it for the sake of business and some just made it for scamming people. On that aspect, unity was already absent.

But you know what, I love the idea of "single existing coin" because what we really want is revolution right? Where all countries across the globe can engage faster and easier way of transaction between one another Smiley.
sr. member
Activity: 1918
Merit: 370
The thing is, we have no idea what we mean when "all crypto work together". There are coins with no ownership such as bitcoin and ethereum where it is totally decentralized and could not be played with at all, while some other ones like xrp or bch is actually very very centralized and could be controlled by some people. So when you want for example bitcoin to work with ripple, how could that be done?
Yeah, although I agreed that it will be beneficial if all crypto will work together to attain economy gain I'm still clueless on how and who will initiate it. Since different coins are running in either decentralized or centralized platform. Maybe the mass adoption is enough supported by many coins in the market and probably tokenization would really help. The regulation is what we are focusing as of now since there are some beefs with different country like U.S. and China, and there are pretty sure of political interest with many government.

Ripple at least has owners that can make decisions on the coin for example but bitcoin doesn't have a big owner at the top, how could there be some sort of working together there? Maybe xrp and bch can work together since they are both owned by some people and centralized, by bringing their powers together they could definitely make a huge impact on the crypto world.
I believe the XRP would impact greatly alone coz I'm very negative with Bitcoin Cash since the network is adjusting making a complex data that affects the every next transaction.
legendary
Activity: 2254
Merit: 2253
From Zero to 2 times Self-Made Legendary
I have a different view. Cryptocurrency is just an object. While humans as economic agents are the subjects. Humans have a nature that is never satisfied (greedy). With this nature, how humans can create profits or improvements in the world economy. So what can benefit and improve the world economy is the change in the character of each individual, especially government officials. Not looking for maximum profit but how to make the benefits can be felt by everyone.

The world economy will improve if the adoption of cryptocurrency can touch the real sector, not just limited to trading on the exchange. When in fact the money is now changing the function of the payment instrument into an asset which is ultimately used as a speculation tool.
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
99% of altcoins have achieved nothing, they are just useless forks with no real development. So, even if you take all their developers and make them work on a single project, it wouldn't yield much results. As for the productive part of crypto, more developers doesn't mean significantly faster development. When it comes to cutting edge research and development, things tend to move slowly even with enough resources.

And development doesn't hold crypto back from mass adoption, it's already very much usable, but for other reasons people choose not to adopt it yet.

I doubt that the developers of most altcoins have a concrete understanding of how cryptocurrency is supposed to work. They just make a fork in order to get rich or to pursue some ideology. Most of the cryptocurrency developers are already focused around bitcoin anyway, since they already have a lot of brilliant geniuses working on it.

Putting too many developers in a project actually slows it down and its effects have been described in the Mythical Man Month (Wikipedia link). Organizations tend to describe development in people-months but the problem with describing it in this way is that adding another person does not necessarily make one month of more work, as that person could fall behind. The more developers working on a project the more people they have to communicate with in order to coordinate a project. The issue with adding more developers is the code maintainers will be burdened with testing and merging commits from more people. So you've got a bottleneck. This is why many open source projects on github have slow release cycles.
full member
Activity: 714
Merit: 104
I think that a lot can be said about the positive aspects and certain difficulties that the legalization of cryptocurrency and its real use will bring, but first of all, one way or another, the use of cryptocurrency at the state level will benefit primarily the user who will stop worrying about the loss of value  their savings, as is happening today with paper money.  Of course, you need to take into account the fact that today the prices for cryptocurrencies are falling and rising, because the market has not yet reached the stability that will come after the world recognition of cryptocurrencies.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
And I think that unification is one of the most important components of success. We will not achieve universal acceptance of Bitcoin if we are separately. I believe that we need to cooperate, create common projects and attract new people, talking about bitcoin and its capabilities. Together we can reach the heights!
Bitcoin is decentralized platform so anyone can use it and no one can manage it or rather control it, simply implementing bitcoin in your country will be good or if your government is going to legalized the usage of bitcoin then, it will be a huge milestone. Right now there's a lot of country that is supporting the usage of bitcoin and it's going pretty well. Fiat and crypto co-existing together will be great for every country's economy. Right now it going good, so imagine of all of the country will legalize the usage of bitcoin  Smiley
newbie
Activity: 10
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And I think that unification is one of the most important components of success. We will not achieve universal acceptance of Bitcoin if we are separately. I believe that we need to cooperate, create common projects and attract new people, talking about bitcoin and its capabilities. Together we can reach the heights!
full member
Activity: 868
Merit: 116
Absolutely yes, this new era has a lot of characteristics especially when we use it in the right way. In fact, I guess the only disadvantage of this domain is the existence of scammers, they are unfortunately a lot especially in this period. Furthermore, I guess the world economy would benefit if they accept the cryptocurrencies especially the best of them ( Top 20 ), the other ones are pretty worthless and scam except few.
legendary
Activity: 2996
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
The thing is, we have no idea what we mean when "all crypto work together". There are coins with no ownership such as bitcoin and ethereum where it is totally decentralized and could not be played with at all, while some other ones like xrp or bch is actually very very centralized and could be controlled by some people. So when you want for example bitcoin to work with ripple, how could that be done?

Ripple at least has owners that can make decisions on the coin for example but bitcoin doesn't have a big owner at the top, how could there be some sort of working together there? Maybe xrp and bch can work together since they are both owned by some people and centralized, by bringing their powers together they could definitely make a huge impact on the crypto world.
member
Activity: 515
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If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!
I like the concept from above, especially the part with '' work smart than hard'. Somehow all crypto projects are in competition even if they try to sustain the same technology.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
"All" cyrpto looks like a bit of too much, I personally wouldn't even put the top 10 together because there are ones that are legit while there are ones that are horrible inside the top 10 so it would not make any sense to "work together" for them since some of them are there to help everyone out whereas some of them are there to help just few people out.

Bitcoin, ethereum, litecoin, eos are all things that would get together and do something but on the other hand xrp, bitcoin cash, bitcoin sv, bnb are all out there to make their owners rich and not care about the investors. When there is such a gap between these coins and they are just top 10, you realize that maybe we can't even talk about "all" coins together, if it is so impossible for top 10, how could it be possible for top 100 or even top 1000.
sr. member
Activity: 1540
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It would be possible if different projects collaborate if they have same goals or intentions. This type of move by projects can also gain more attention and helps achieve high success rate, specially during bear seasons.
hero member
Activity: 1750
Merit: 589
Well, some projects sometimes introduce their partnership from other crypto projects to convince investors that their projects are really high quality. I think this exploration will improve the world economy. it's just that, there will be side effects from this, namely, some altcoins will fall due to competition, and I think only projects that already have named will do the collaboration. small projects will not be able to develop, and I think there are many other side effects that can arise.
collaboration with large successful projects before can indeed attract investors to succeed their projects, so that many people will believe because they have established partnerships with large projects, so this can ensure that the project is truly quality, with so many relationships the projects can develop together

All crypto should work as one so that people who uses each kind of coins will help each other grow and promote bitcoin as soon as they work. Collaboration of coins will make people invest more when they know that their are someone who will support them in making investment in crypto. Most of the people are just not that knowledgeable about the coins so those professional user of coins like BTC, ETH, XRP and etc., should enlighten those people so that they know what will they do to use crypto and what can they do to the market. They will surely make a big impact to the World economy as they start using some platform in cryptocurrency.
full member
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Pepemo.vip
Well, some projects sometimes introduce their partnership from other crypto projects to convince investors that their projects are really high quality. I think this exploration will improve the world economy. it's just that, there will be side effects from this, namely, some altcoins will fall due to competition, and I think only projects that already have named will do the collaboration. small projects will not be able to develop, and I think there are many other side effects that can arise.
collaboration with large successful projects before can indeed attract investors to succeed their projects, so that many people will believe because they have established partnerships with large projects, so this can ensure that the project is truly quality, with so many relationships the projects can develop together
sr. member
Activity: 2030
Merit: 323
I have always thought of this, but I can’t really tell how that is going to benefit the economy. But, I do believe that it’s going to make things a lot better in the crypto community and there wouldn’t be lots of scam projects.

I have always wanted all these companies and organisations that are creating their own tokens to be making use of bitcoin instead of creating their own personal tokens, that would help to promote Bitcoin and make people to adopt it. But the truth is that these companies will never agree because they know that if they don’t create their own cryptocurrency or tokens, they wouldn’t make a lot of money as they would now. So I am not even going to say that’s going to happen, it’s never going to happen.
hero member
Activity: 2702
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It isn't just the crypto scene though. If literally everyone in the world cooperated to develop tech, while sharing research developments and information together, heck, the world might have been quite different from what it is today. The world would probably have not developed weapons of war (or at least, weapons used against other humans) and would have solely concentrated on developing tech for the improvement of quality of life of human beings.

Sad to say, the world didn't become like that. They took priority in the past to develop weapons of war, and once a country has achieved a certain level, other countries have to achieve the same, so as to achieve equilibrium. So far, the world of today is like that, even with the uneven powers in the world, all because of agreements and contracts, as well as no single country could overwhelm the cooperation of the vast majority of others.

legendary
Activity: 2898
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So anyway, I applied as a merit source :)
It basically won't happen this time. But when everything has been proposed and it's still not working, these developers of projects will soon turn their back to what they have developed and might just support one cryptocurrency and that's bitcoin.
It wont happen at any time. Not even in future will we see a certain project outrun BTC. The only people saying so are the fools who were fooled into buying some shitcoin and are now wading in deep waters to sell their coin and crying to not find a decent buy order. It sucks to be them, but it is the effect of their flawed decisions. Hope they learn a lesson.

Quote
That time will come but there's no definite time when it shall happen. But seeing that everybody to unite and mostly these developers, we will not see this in an instant. It's about competition and the potential profit that they shall get.
Bitcoin has the long term holding effect there. Altcoins mainly have been pump and dump and not something to hold for long term.
legendary
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Well, some projects sometimes introduce their partnership from other crypto projects to convince investors that their projects are really high quality. I think this exploration will improve the world economy. it's just that, there will be side effects from this, namely, some altcoins will fall due to competition, and I think only projects that already have named will do the collaboration. small projects will not be able to develop, and I think there are many other side effects that can arise.
legendary
Activity: 3542
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Cashback 15%
Sorry to burst your bubble but most of the cryptocurrencies in existence are created out of thin air without proper valuation. If they were to band and do stuff together in order to make the world better, perhaps that would be cool. But for the world economy to get better, certain financial policies must be overturned and replaced with efficient ones, things which obviously no crypto could ever handle. As was always said a million times, crypto isn't a miracle-creating tool. It's just another financial asset/tool which people can use.
hero member
Activity: 3038
Merit: 634
It basically won't happen this time. But when everything has been proposed and it's still not working, these developers of projects will soon turn their back to what they have developed and might just support one cryptocurrency and that's bitcoin.

That time will come but there's no definite time when it shall happen. But seeing that everybody to unite and mostly these developers, we will not see this in an instant. It's about competition and the potential profit that they shall get.
legendary
Activity: 2814
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Leading Crypto Sports Betting & Casino Platform
Looks very optimistic, but how to unite many thoughts about crypto it is very difficult and arguably impossible, different views not only on the desire to make crypto like in the future but also differences in perspective that many think crypto is only a tool to make it rich in a way make a lot of projects that the ultimate goal is only to get money from investors.
sr. member
Activity: 1120
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If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!
Not sure collaboration is possible in cryptos between projects because coins using different blockchain so its not possible to merge them but we don't need that much amount of cryptos just eliminate all the shit projects and just keep 10 best projects of all time so from this capital amount won't get diversified,new projects scam will be eliminated then cryptos will gain trust more than from now and people will start using cryptos for everything.

That's right that as crypto develops, there are also coins that doesn't contribute to the improvement of cryptocurrency in the world. Those shitcoins are continuously existing and we have something that already share part in the market. We should eliminate those first before working all crypto together. But we should always secure that the crypto we will use are those reliable and effective. Some of these are bitcoin, ETH, XRP, EOS and etc. Maybe if we continue to make this happen that it will completely dominate the world's economy maybe we will have a good time using cryptocurrency and make a big profit out of it.
hero member
Activity: 2884
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If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!
I think you are making one big assumption, it seems you think the majority of the projects are trying to move the market of cryptocurrencies forward and I do not see it that way, most projects in the market have only one goal and that is to advance the interest of the developers, they are not interested in collaborating with anyone or to create a coin that will actually work and bring something to the community, under those conditions then most developers are not really interested in working for a common goal.

The rest of the developers that care about their coins and the community do not really need to work together, as soon as one team of developers have a good idea the rest could always take inspiration on it and then implement that idea in their coin.
legendary
Activity: 2702
Merit: 4002
Many altcoin projects are schemes to make them developers rich. Therefore, stopping investing in it is the beginning of cooperation to establish a currency or several currencies with a strong base of development and a lot of trading volumes.
If you notice them, many people do not really believe in the currencies they are promoting.
Regarding BTC, the basic development is done on it and the rest of the currencies are duplicates.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I think it is difficult to unite all crypto developer in one big project to succeeding the crypto to all countries because every project has its own goals. They want to achieve what they want, and each project has different ways. We can take an example from each project because we already see that many people in one project have different vision on the inside the project itself so that can not work until the project can reach their goals.
legendary
Activity: 3024
Merit: 2148
99% of altcoins have achieved nothing, they are just useless forks with no real development. So, even if you take all their developers and make them work on a single project, it wouldn't yield much results. As for the productive part of crypto, more developers doesn't mean significantly faster development. When it comes to cutting edge research and development, things tend to move slowly even with enough resources.

And development doesn't hold crypto back from mass adoption, it's already very much usable, but for other reasons people choose not to adopt it yet.
Ucy
sr. member
Activity: 2674
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Agreed.
Better to build separately but still co-operating though to avoid centralization. Developers should probably focus more on creating cryptocurrencies that are interoperable or "compatible" with one another. People should welcome other projects as long as they're built on Blockchain principles, are safe, interoperable etc.
I don't think it's a good idea to mix both worlds(centralized & decentralized) though. There should be serious & transparent checks and balances carried out by everyone in both. This will be hard to accomplish in centralized settings.
People should not be discouraged from building good and useful things especially through transparent and safe crowdfunding method. Everyone should be allowed to contribute to the funding of decentralized projects.
legendary
Activity: 2898
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So anyway, I applied as a merit source :)
If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Seems optimistic but problem is that most altcoin projects are designed to be hidden pump and dump schemes. The fools who invest in those are going to lose big time while the owners become rich. Do you expect the owners to be in it for the tech or the bigger picture? You are wrong if you think that. Of course not all of them are bad.

Quote
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.
But are they working on any? In a true sense bitcoin is the only cryptocurrency the public needs. Rest of them are like sideliners with no function and adds in redudancy which people try to justify using flawed logic.

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It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!
What is needed is adoption and use of bitcoin. No need for any altcoin to be there. Lets hope for the better but altcoins will not be anything big in the long run. Bitcoin is and the first and the leader.
hero member
Activity: 1890
Merit: 831
Unfortunately people use Bitcoin- Altcoins pair , the percentage of people using particular coin at that moment creates competition therefore companies are always striving to be the best in their feild. It's inevitable b, it's like how the stock market works , it's always about competition , value of their coin and updates.
Also this competition serves the customers very good , at the end you are getting a product which have gone through many stages , it's good for the market.
Am afraid your idea is right but I don't think that would happen.
member
Activity: 1204
Merit: 38
If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!
Not sure collaboration is possible in cryptos between projects because coins using different blockchain so its not possible to merge them but we don't need that much amount of cryptos just eliminate all the shit projects and just keep 10 best projects of all time so from this capital amount won't get diversified,new projects scam will be eliminated then cryptos will gain trust more than from now and people will start using cryptos for everything.
sr. member
Activity: 1666
Merit: 267
Earn bitcoins every hour, link below at signature.
If the crypto projects were working in collaboration more often, then the whole crypto community would achieve bigger accomplishments all at once!
Synergy would be on the side of cryptos if that were the case, we see these days many projects working on their own each of them having as result longer periods of releasing updates and new features.

It is time to find ideas and bring teams together and work smart rather than hard. With collaboration among team projects like Lightning network, bitcoin smart contracts, ETH scalability, and many features could be ready for the masses sooner and the global economy would have a big positive impact!
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