Post
Topic
Board Altcoin Discussion
Re: Do you really use alts for the purpose they're supposedly created for?
by
wxa7115
on 24/10/2020, 16:26:27 UTC
So many altcoins exist, out of which some are more known and used than others. Many of these coins claim to have an utility - for example, Siacoin exists, praising themselves as a Storage Platform.

But what truly bothers me is that, if I think about all those alts I have ever purchased and held, I have never used them for what they are supposedly created for. Besides Monero, where privacy is basically the default, most coins I have ever held have only been used for exchange deposits and withdrawals.

Hence, I thought it'd be a quite interesting idea to create a poll and find an answer to the following question: Do you really use the altcoins you own for the purpose they're supposedly created for?
The only coin that I have ever used for its intended purpose is waves, I made a few trades there and you need some waves in order to pay the transactions but besides that the answer is no, and this should just show you how weak is the argument for those coins, except for privacy coins that are actually better than bitcoin at something almost any claim about a coin about begin better suited to be used for something instead of simply using bitcoin is simply a lie.

When I made this realization that is when I finally decided to drop my interest in new projects as I know that for the most part I will only be interested in them from a speculative point of view and not on whatever utility the developers could claim their coin to have.