Ninjastic
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Board Altcoin Discussion
Re: The altcoin scene is dead - 2016 is all about Blockchain 2.0 services!
by
MaGNeT
on 10/02/2016, 22:29:20 UTC
Quote from: TPTB_need_war on February 10, 2016, 09:49:50 PM
Quote from: MaGNeT on February 10, 2016, 05:46:28 PM
Let's start this by making myself a little less popular, saying: the altcoin scene will die in 2016

It is quite possible that the altcoin market will be devasted by a potential decline of Bitcoin to < $150 and perhaps well below $100, because we have an unexpected global contagion coming that will be worse than 2008 when everything crashed. As we all know, when Bitcoin's price gets a flu, altcoins' prices go into comas.

Quote from: MaGNeT on February 10, 2016, 05:46:28 PM

Are there any exceptions?

Yes, there are!

Coins that offer unique decentralized services, "Blockchain 2.0" or other disrupting technology will be the buy-and-holds for 2016.

Some examples?

- Ethereum | Decentralized software & smart contracts on the blockchain
- Factom | Honesty to record-keeping
- Voxelus | Virtual Reality without coding
- Radium | Decentralized Services on the smartchain
- MaidSafe | Crowd-sourced internet
- Synereo (AMP) | Decentralized social network
- Sia | Decentralized storage

All those coins are doomed to fail due to insoluble fundamental technological issues which they didn't solve which render those coins entirely useless:

https://bitcointalk.org/index.php?topic=1219023.msg13842262#msg13842262
https://bitcointalk.org/index.php?topic=1354274.msg13833591#msg13833591
https://bitcointalk.org/index.php?topic=1219023.msg13043602#msg13043602 (I will be responding to AlanX's post soon)

That's sweet.

I did not start this topic to rate or analyze any of the examples I gave. If there are flaws (and there may or may not be) I can't judge if they can be solved or not. I can't judge if what you say is true or not. Everyone can claim things, spread FUD or be the real deal.

I'm only noticing the "unlimited altcoin cloning" days are over and people are moving away to (future) projects that try to change or disrupt existing markets.