RE: Just because we live in the wild west, it does not mean we should accept criminal activity as being normal.
After checking how good the security is,I would only invest in those that have a practical use or fulfill a genuine need.
Always good advice. I see so much crap with inflated market caps in the top 100 even.
One that caught my eye the other day was Denticoin, supposedly a token for the dental industry. Why? Why couldn't any other coin or token be used for the dental industry? The same can be said about potcoin and any of the other specific use coins.
Some might say the same about Steem but it is different. The Steem blockchain already has multiple platforms built on top of it. Dtube, Dsound, Steemit, Utopian, Dmania and there will undoubtedly be more. Even if Steemit was neglected at this point it wouldn't be the end of Steem.
As for the criminals and scammers they have been in the crypto space for a long time. I have had my fair share of run ins with them too. I just don't see them hurting the industry long term although they will probably slow down it's implementation.
In 2 or 3 years I bet the top ten coins will be a lot different then they are today just because there is so much garbage out there. 3 or 4 of the top ten will probably be the same, the rest might not even be stuff that exists yet.
I think Steem has a solid future, it is pretty unique and its infrastructure is outstanding. I recently read that Steemit was the fastest growing website in the US and the more that join the more valuable it becomes.
Dentcoin - that would be somewhat hysterical if it was not so pathetic. I totally agree, many of these altcoins will vanish after all the mad rush to get rich quick settles down.
I hoe you are right about criminals and scammers not hurting the industry, I really do for they are my biggest concern as they are John McAfee and other online security experts. However, I have a feeling that security it about to get better as I think the crypto space understand the problem all too well. White hat coders surely know that crypto is a good thing over all and they need to do something now to fight back if they want it continue.
2 or 3 years in the crypto-space is pretty much count amount to 30 years in the real world - I cant imagine how it will be at that time. - I guess we are all part of a big experiment here and there are bound to be ups and downs. We either hold o tight or get off the ride.
Always good to hear from you my good fellow -as always
Thanks, I am always looking forward to your well thought out posts. I think you are right that the market will come up with solutions to the security problem it will just take some time.