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by junk_f00d 3110 days ago
>Which ones?

ChainLink, as this project is aiming to incorporate outside data into the blockchain and smart contracts. This has plenty of real world use cases. This could be what the internet is to a computer, but for blockchain. Zen Protocol is also working on a similar idea, but they incorporate smart contracts into their project and have improved upon ETH's model a bit (not charging gas for failed contracts to name one example). I see no reason why this wouldn't be adopted if they can deliver.

Request Network, a project backed by this very website, is working to create a currency agnostic payment platform that may compete directly with PayPal and demands far less fees. There is a pretty incentive to adopt this over vendors listing individual currencies for payment methods, and everyone saves money due to lower fees.

RaiBlocks and ByteBall diverge from the blockchain and instead rely on DAG tech, and have extremely fast confirmation times because of this, and scale upward excellently. There is incentive to use these in the crypto space because transfer times and tx fees are too high, but we'll see how the outside world reacts.

Ripio Credit Network is working on making a decentralized lending platform to allow (currently) South Americans access to reasonable lending solutions, but I see this extending to a much larger global scope if successful. There is pretty clear incentive for adoption here, you can read about their potential customer base.

Just to name a few, I invite you to research a little more as a lot of these products are pretty amazing, and I'd be curious as to why you think the above are "worthless". But yes, adoption is the biggest concern. Personally, I don't see cryptocurrency ever going back to $0, the technology is better than existing models of centralized banking and middle men. Unless something comes along that disrupts the disruptor, I think it's here to stay for the forseeable future.

1 comments

I appreciate you sharing all this (genuinely), but you missed my point, which is that most of these will fade away. Having cool tech isn't enough.

Personally, I don't see cryptocurrency ever going back to $0, the technology is better than existing models of centralized banking and middle men. Unless something comes along that disrupts the disruptor, I think it's here to stay for the forseeable future.

I agree, but not enough to put more than a small slice of my net worth in at this point. Fortunately, if it doesn't go to zero, it'll probably 100x or 1000x again, so I'll be fine with just a small slice of my net worth :)

I understand your point of the likelihood of it fading away, but the tech's always being taken more and more serious on an industry level and becomes more robust after every crash. Many of these solve unique problems, even if the majority of the market leaves and cashes out, blockchain still needs oracles (ChainLink), and there is still demand for the others I listed (currency agnostic low fee payment platforms, decentralized lending for 3rd worlders, faster transaction times, etc etc).

Maybe I'm biased because I place more of my portfolio on these, but I have witnessed lot of these alts becoming more and more established everyday and predict this trend continue if industry adoption continues at it's current rate (and there is economic incentive for it to do so).