Raiblocks and the HYPE Train in the CryptoMarket
Today i want to make a brief review on a topic that really worries me. Many people in the crypto space do not inform themselves very well before getting on a project and they do it because others tell them, we see many Crypto experts but they do not even know the technology that they promote.
The example case is Raiblocks really an excellent technology that allows the total use of even the smallest fraction of currency, instant transfers and no commissions. Excellent currency, can be compared with STEEM. Even so, this project already has time in distribution and it is not after a known character of the crypto environment makes a statement that all the "experts" come out to talk about the currency and why they think it is the next Bitcoin.
My experience with XRB is not pleasant i knew it at the end of July, but really the way its developers were distributing it seemed to me at that time a form of exploitation of the poorest, making thousands of capchats to obtain some money seemed like a slave labor for the little benefit it offered. After time passed I realized that according to your plan it was not a bad idea to distribute a mass of the currency that you would need to sell it to change them by satoshis in this way it was a silent form of adoption by the masses of the cryptocurrency, On the other hand due to its low market value, few large investors were attracted to it. Now i think it was the best option to give the opportunity to people with few resources to obtain a currency like this, now we see how the ICO are monopolized by large investors who ensure an ROI and who can move the market as they wish.
Another big competitor of Bitcoin in the future is ByteBall, its distribution was through AIRDROP which I do not totally agree since it makes the richest people get richer. Besides, these whales are only going to keep their money for longer they are used to those systems. they wanted adoption they had to distribute it in another way. But in itself it is also an excellent technology with great potential in the future, they still go for 65% of distribution, so we should expect it to happen when its distribution reaches to 100%.
My recommendation in this HYPE train is to read more about how the technologies work and the potential they have in the future.
Thanks for Read.
https://raiblocks.net/media/RaiBlocks_Whitepaper__English.pdf