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RE: Beware Fool's Gold

in #cryptocurrency8 years ago

There is just no shortage of people willing to sell snake oil, gotta keep your head on a swivel in a free market haha.

I'm curious which tokens you'd classify as 'Crypt-Not's though, and it could be useful to others who may not realize a token they like is built on shifting sands :)

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I think crypto-nots are coins that are not intended to be used an actual decentralized currency, but more of an VC tool. I'd say that most of the low volume coins are that way, but I have my doubts about ETH, too. While the tech is awesome, I think Vitalik's focus is more on increasing the Ethereum blockchain variety of services, and the improvement of that function (smart contracts) than the currency. Currencies like Tezos and BosCoin (possibly EOS and the mysterious Prism) are leading the way with far better forms of currency.
Thoughts?