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RE: [dtube] There are Now 1000+ Cryptocurrencies - Is This a Good Thing?

in #cryptocurrency7 years ago

Please remember there is about 99% ICO’s and ICO is basically a pre sale of the tokens on the assumption that people will eventually use them or until the actual blockchain is created. Just like you said “the weakest will not survive” At the end things like proof of stake, proof of work, proof of delegation, transaction speed... will decide which project will survive and which will fail. In my opinion as of now the safest investment in crypto is bitcoin and ETH. I can name few more such as EOS, IOTA, LTC..., but there are always doubts in the baaaack of my head. I agree with you on top 100. It would be much more difficult for new projects with a great potential to get through or even impossible since there would be only a chosen once. Let it play out itself. Of course, at the end vast majority will fail. Perfect example is dot com bubble. Anything named dot com was breaking to a new highs, but eventually only few survived. As long as people are speculating and investing in any new projects, there will be so many of them, maybe even more than there is now. Money will eventually move to the strongest projects and that’s when most of the weak projects will fail. However, today I can certainly compare bitcoin/ETH to google... But thats just my opinion.