This is the issue we are facing here with every coin, including Bitcoin. there probability of being used by a broad population is very low, but as bitcoin showed and still showing, as times passe the latter probability increase.
Don't forget that we are speaking about a disruptive innovation here, that is better in all ways that what we currently use.
Don't forget that we are speaking about a disruptive innovation here, that is better in all ways that what we currently use.
Bitcoin started with a niche use case.
Synereo will go no where without one. Ditto every other altcoin.
hence all the "it's not money, it's something else"/Blockchain as a Service-coins popping up, like ETH, Lisk, Waves and so on. I'm curious to see where this is going.
Yeah but those niches need to actually work technically and exist. We've done a thorough job of destructing ETH in the Ethereum Paradox thread. I did an initial analysis of Synereo's niche and afaics is based on flawed concepts such as the value of paying social network users to share which I think is entirely undesired and uneconomic for the same reason that ads have a reputation of being mostly spam (linked upthread).
I don't know enough about Lisk and Waves to comment meaningfully on them.
we don't need to speak about Synereo strategy differenciation in details here to point its relevance in the market: getting paid to do what you do with facebook. Even if it would just try to kill facebook, we could consider facebook as a pre-paragmatic design and Synereo as a paragmatic design of social network (even thought an improved design could be created). If you would go to war, would you use the old first WW weapon design or the latest weapon design of war against ISIS ? I made my choice.
