Post
Topic
Board Mining (Altcoins)
Re: Masternodes/POS the future of mining?
by
grendel25
on 16/09/2018, 23:04:55 UTC
If we're going to talk speculative future I like to look back on history.

Maybe 2013 was the year of bitcoin when it finally got everyone's attention by beating the price of gold per ounce after being introduced in 2009.  The hype was short-lived and spoiled by Mt Gox and probably other scandals.  4 years later bitcoin again took the stage about a year after halving, similar to what we say for 2012/2013 with bitcoin.

2017 was also the year of the ICO and now 2018 is the year of the masternode.  What will 2019 be the year of?  Okay, let's not get ahead of ourselves and stick with the history theme here...

So here we are in 2018... I think what we are witnessing are hype cycles around assets that have proven to be durable over the course of time and highly reliant upon the community of developers and users supporting them.  So let's consider bitcoin again.  

2009 was the genesis and it took roughly 4 years for it to be appreciated as a monetary success.  Ethereum's genesis was 2015 and about 2 years later it gained a boon from ICOs.  So Bitcoin took around 4 years for wide-spread-MF'ing panic while Ethereum was about 2 years for the ICO explosion.  Okay, obviously these are apple/oranges comparisons.  Still, there are notable similarities and parallels into Masternode coins.

My point is this:  Masternode coins are viable and do have a good chance to be successful.  How anyone quantifies that success is a matter of various metrics.  Essentially, cryptocurrencies serve the same basic function but come with various features that make them unique.  But at the end of it all... what really matters for the investor, user, developer, etc is that there be some measure of value transferrable from various products/services to the digital blockchain.  This will continue to drive interest in blockchain as it always has and this is why we are all sitting here entertaining such ventures.