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RE: Ontology is QUITE a project - Fundamental and technical analysis

in #bitcoin7 years ago

I really like what onotology is trying to achieve as for how they going to do it i have my doubts, creating trust based on alogrithmic validations is an admirable undertaking and something we need in blockchain technology but it also sends a message that blockchain is an untrusted source for finance and anyone who doesnt run a regulatory script on its blockchain is potentially at risk of losing out to NEO in combination with onotology

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Personally, I disagree that it sends that message. Quite the contrary, in my opinion, as they are trying to bring finance to the blockchain as much as possible, essentially. Sure, every crypto is at risk of losing out to other cryptos that provide more value to the ecosystem. If it doesn't serve much of a purpose beyond being traded for gains, it will likely eventually die. But coins like this, PIVX, aELF, PINK, VIBE, and ION will likely thrive in they long run as they all have a real purpose. Thanks for your comment though. -@MyEmpireOfShit