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RE: The sad truth about ICOs

in #blockchain7 years ago

Thanks for the upvote!

I see your point of ICOs and regulation. this will happen as you said. The thing is that I didn't post shitcoins here. Everything but Bitcoin is just fuel for a toy that you can play with.

Peercoin wanted to make Bitcoin better. It addressed a problem, wasn't able to push the king from the throne and got copied. Now it has nothing special anymore. BitShares is one of the followers of Peercoin as it copied its main concept PoS but advanced it further and introduced DEX.

Now the most important decentralized exchange is not BitShares anymore but EtherDelta. And others are in the making. They will advance over BitShares and make it obsolete before it is able to reach significance despite all its good attributes, e.g. lightning speed and almost free transactions.

IOTA is revolutionary and it's loved by german car manufacturers. Ripple is the bankers coin: wide adoption to transfer balances between exchanges and an exchange itself to transparently convert currency on the fly. Ripple probably served as the blueprint for BitShares which decentralized the concept.

But storing wealth is the only true application that reached mass adoption in the crypto sphere to date and Bitcoin is the gold standard.