Cryptocurrency shouldn't be measured in $$$ . It's value is in the Technology on which it's built
Crypto Currency Value in it's Technology not the $$s assigned
I've had this conversation with a few folk now and I'm not sure if I'm seeing this completely correctly, but this is my opinion of how Crypto currency should be invested into.
When you take a look at the 3,000 Crypto Tokens and Coins - all are a means of trade essentially and can be traded into Fiat currency through an exchange. So effectively all fall into the same system/category or whatever you want to call it.
For me though, Crypto Currency, Blockchain and Decentralised applications are more than just money.
Crypto Currency & Bitcoin Marketing Stinks
Because Crypto creators and Blockchain makers are a bunch of geeks very busily dedicated to their particular passion, they'd forgotten to pay attention to how people perceive their incredible inventions. A few have a glance at good marketing but frankly, Bitcoin's really not doing us any favors.
That being said, if the truth were to be listened to and reported by the mainstream media, then the Bitcoin dream would be realised sooner rather than later.
Crypto Appeal, Decentralised Dreams, Blockchain Brilliance
My intrigue in alternate means of trade started in 2009 when introduced to an online world. Not involved in anything nefarious, dangerous, unlawful or indeed unsavory. It was merely a 'living game' with an alternate currency traded, as crypto is today in a decentralised exchange for a small fee.
What fascinated me was the way in which the funds were generated and their value within the system. Not owning large amounts of fiat cash, did not preclude one from generating large amounts of the alternate trading system. One could then become fiat rich with these earnings.
As one would were one to travel to another country for work. Or indeed, as a nomadic global citizen, earn in the cloud.
There is so much fascination for me in it's economic value for the average person struggling to make their ends meet with the hours they're already working. There is never going to be enough time for them to add to their earning potential.
At this time I started to see how alternatives were required for us to negotiate through the quagmire of 'not enough jobs' ; 'too many people' syndrome of our economies.
I've since been researching the landscape, learning about the technology, how it all fits together and how we can best use it. Evaluating (for #Pi purposes) various Crypto Coins and Tokens:
I value Crypto Tokens and Coins in phases:
- The technology has a sound application in the real world.
- Will generate the best value for the entire human population.
- Will benefit the planet in it's application. Now and in the future.
There are very exciting ICO's in the making, as well as even more already on the system which hold a very low $$ Dollar value despite their technology, use-case and usability far outweighing the 'stronger' coins and tokens.
The financial value placed on a coin now does not automatically guarantee it's longevity in the system, nor that it's value will increase.
As I see it the more vulnerable coins will be those with a flimsy application.
My personal favorite of all time is Ethereum because of how it's Blockchain application is being adopted and utilised globally for incredible applications that will genuinely change our world for the better.
The use cases for Blockchain based applications criss cross every part of the economy some of which include:
#SupplyChain - FloraChain.io
#Savings - Peculium.io
#Investments - BullToken.io
#CrowdFund - Pi & Nihilo Coin
#OpenSource - Nihilo Coin
#Electricity - KwH Coin
#Solar - SolarCoin
#Empower - Impact PPA
Are just a few of the examples of Blockchain based technology currently in development. There are many, many others that will directly, positively impact the millions of people who will benefit regardless of their understanding of the mechanisms. It's built on #3SimpleThings Trust Authenticity Transparency
For me, that's something worth investing in, holding onto and working in collaboration with, to enhance the future of the #Ethereum project and projects built onto it's framework.
Note: Before you invest in anything you should really do a lot of reading into that particular project and what it's actually going to do now and in the future. You should love it's applications and what it stands for. You should believe in the technology and how it's going to be used.
Be passionately interested.
Investing in Crypto to get rich will only serve the few over a short time. The real winners will be those who invest in the right projects for the right reasons.
What's your favorite Crypto Coin or Token and Why?
No spam please. It's bad for the planet's chi.
#Pi
New Rules
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A New Way of Thinking