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RE: DENTACOIN (DCN) Could be a Ground Floor Opportunity: Target $0.0165 (46x Profit Potential!!)
Bitshares wasn't a real ground floor opportunity but pretty close and look where that has gone. I have not done any research on this so its unlikely to be a keeper (research may prove me wrong). But well worth a small allocation as the upside is huge with limited downside risk.
It's at a $1.6B Market Cap.... a coin for dentists... at $1.6B.... Color me skeptical.
A coin for dentists? To do what? It sounds like another coin with no real use case but that does t mean it can’t reach ridiculous valuations! I would definitely research it properly before investing and then may consider it more of a bet than an investment.
I felt the same @grizgal & @jasonyoakam, but after further spending time researching their website and looking into the partnerships they are making etc, I actually see an incredibly HUGE industry ahead if the blockchain revolution is truly going to turn the world upside down.
Just the other day a big Dental Clinic in Australia just joined up and they are all really excited about its potential.
I believe the big themes for Dentacoin are to create a Dental Industry you can actually TRUST through their blockchain global review system, to create an environment that encourages patient AND dentists to aim for focus on prevention rather then dentists looking for any excuse to drill and fill for profits.
(My sister is a Dentist and is always sharing her dismay and shock at some of her colleagues she has had to witness along the way. So this is a VERY real problem that Dentacoin are trying to solve)
And finally, they are instigating some kind of Dental Insurance that is meant to be much more fair and available to people around the world. Not exactly sure how, but the whitepaper should break it down.
In the end, the fact that Dental Clinics around the world are already jumping on board and raving about it is a very good sign, and its a very good challenge that this world needs... so i have bout in about an ether worth. Looks like it is just about to go on a run up sometime in the near future too. ;)
But hey.. its the world of crypto... it could fall over too. :p haha
Well said good write up thanks upvoted followed!!🙏🏻
Insurance, reviews etc. All good stuff but I fail to see how having a blockchain will enhance this, or why we should buy this coin (ie why fundamentally the price should go up- I accept that prices are detached from reality at present).
I believe that loads of organisations are keen to get involved in blockchain projects as it makes them look cutting edge! I don’t think most of this has been properly thought out and there will be some serious losses before it properly takes off (like the dotcom boom and bust before the internet really took off).
From my understanding the blockchain is essential for this.
By creating a decentralized “trustless” environment it makes all the idealistic goals actually a realistic possibility.
I personally feel 2018 is going to see most industries moving over into the blockchain. Our current internet infrastructure is far from a well oiled machine. 😜
Blockchain is the key ingredient that is removing the need for any centralized regulators in our global economy. Removing weak points of power hoarding and redistributing this power/responsibility to all who are involved in it. Thereby leading towards the truest sense of democracy we will have had the opportunity to experience so far.
I agree there will be many failures along with successes, but I also do believe that every industry WILL find a suitable use and reason for adapting to the new environment.
Of course this is all just my own speculation and by no means do I declare it truth. 😜
Ps. This is also an interesting arcticle speaking to the difference between the dot.com boom and this Blockchain Boom:
https://hackernoon.com/2018-will-be-the-year-blockchain-technology-goes-mainstream-heres-why-aa56f4fcdc42
I just don’t see it. I can see how blockchain is better than the banks, improving efficiencies and removing middle men etc but facilitating dentists reviews? If this was truely needed it woukd have been done in a different way by now. It’s not like people have been sat there thinking ‘we really need this dental review thing but there is just no way to make it work’.
I may be wrong but I feel that this is another example of something/ someone jumping on the blockchain band wagon in an attempt to look relevant.
Actually if you look into the entire Peer Review system that is the foundation of trust within our scientific communities, you will discover that they are acknowledging a very real and serious issue with centralised reviews of all kinds.
Money is buying power and can control reviews etc. I have a close contact with someone who owned her own dental clinic and spoke often to the corruption and problems she would face with dentists chasing $$ by "drilling & filling" rather then making care and prevention the focus.
I totally understand that you may not see the need for it, but I can say for sure that I do from my experience with dentistry and the medical community in general!
We need to be able to trust implicitly in our medical professionals, but with the industry so profit-driven and greed having its way, its just not possible right now.
Purely my opinion and by no means do i insist its the truth. :)
Jesus man, do the math. 8 trillion supply!
https://steemit.com/cryptocurrency/@anagramatic/is-dentacoin-the-most-ridiculous-ico-project-to-make-it-into-the-top-100-list-of-cryptocurrencies-yet
Have you fully read and understood the whitepaper @anagramatic ?
Important to read it with the intention to understand the mechanics and function of that supply, not just look for more artillary for your rampage against Dentacoin. ;)
But hey! If you HAVE fully read the whitepaper and feel like you understood it correctly, AND believe the above post your hooking out here to be true, then power to you and heres to the blessings of Time to show us the truth in the end. :)