"Tezos $232 Mln ICO Sparks Fresh Fears For Ethereum Sell-Off"
https://cointelegraph.com/news/tezos-232-mln-ico-sparks-fresh-fears-for-ethereum-sell-off
my commentary on the above story:
Tezos, another token blockchain and yet again more inflation. I can't help but wonder when and if any one of these alts will find widespread adoption. One big problem with endless possibilities is endless inflation and dilution of the marketplace. Though blockchain tech will change the world in application, I am finding it hard to believe at this time any one blockchain will achieve widespread currency status or be a store of value long time... Bitcoin might be the closest but is a real dinosaur technology wise.
Makes it harder to take a long term position in any one coin when another shiny new toy is right around the corner and another right around the corner from that... and that and that....
I guess just hop from coin to coin and make money along the way... until the market ultimately decides on the best tech... not that it has to be one... or is that the problem?
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I had similar thoughts. I thought to adjust out of ETH to ETC and LTC and some of the other altcoins that actually offer something tangible. I'd like to see more metals represented in Bitshares along with the bitASSETS. There's also Vaultoro to park BTC for physical GOLD until we get clarity August 1(ish).