Post
Topic
Board Tokens (Altcoins)
Re: ANN: ELIXIR (ELIX) Incentives Driven Payments
by
Tonton99
on 26/09/2017, 07:36:22 UTC
I am still holding, but honestly, this community is not helping a bit, the community is just too lazy on this project, because they cant see any progress by the dev, clearly just some clone of minereum now, but as I said, I am still holding, we cant say for sure what will happen, but as just telling my opinion here, this is turning into a shit coin.

Yes, the coin started with the basis of being similar to Minereum, the difference being Elix is manually mined. Once Elix is listed on new exchanges in a couple of weeks, the current 2 devs will start building a minimum viable product which will be the first step in using the coin to take on the trillion dollar lending industry. Elix is going after a big market where as the Minereum team is building an app similar to Pokemon Go except for crypto and Artemine added the ability for public mining which is one of the least energy efficient ways of mining a coin compared to other smart contract coins, one thing they did do right is added the ability for Genesis address holders to sale the Genesis pair but not sure if that's still really something to buy into. Elix is taking on a huge market whilst the Minereum team is creating things that a bored programmer would make without a huge use-case/grand-vision in mind

Remember, Elixir is selling dreams nothing more than that. When crypto is legalised which is already at hand, big financial institution will take over crypto lending because people have their funds with them. Have you ever asked where will Elixir be in long-term after that? Tokens based on crypto functionality sucks. That's the reason they don't surge much in price compared to the cryptocurrencies.

Wrong, the philosophy of decentralisation will never die. Financial institutions are more interested in the tech battling real financial issues then in taking over a crypto credit system. Crypto's are uncontrolled and public (or government owned) institutions will probably buy into some tech to help streamline their own businesses but it seems not realistic to expect them to embark into some kind of crypto mortgage / credit facility any time soon. What ELIX does is trying to create a BETA model that could serve for something bigger in about a decade. If it works on a very small level w/o many hick-ups and issues it could be something for them to take leverage off. See it as the cradle for advanced decentralised financial management which could (hypothetical) be the one that gets adopted by financial institutions. Read RIPPLE but with a substantial lower supply and a very good prospect for great future earnings if you are willing to take the risk

From what I have seen the guys who are leading this project believe in what they are doing. I understand the sceptics but we all need to wait how this develops right.