21 karma · joined May 14, 2017
I worked out in the woods of the northwest as a logger and would like to disagree. There are certainly jobs that are worse in all the metrics you've listed. Personally, I couldn't wait to get a fast food job after I quit.
https://glacierprotocol.org/releases/Glacier%20Protocol%20Do...
In full disclosure, I own a little bit of both. I first stumbled upon them after being disappointed with IOTA, and they deliver on a lot of what my initial expectations of IOTA were. I just want to be able to buy coffee with my crypto and not wait an hour for confirmation times!
Precisely, I see BTC being called deflationary all the time, when really it's just not exponentially inflationary, but logarithmically.
I'm big on DAG tech as I see it being the only form of crypto currency that I can buy my coffee with, without waiting so long for confirmation that it isn't worth it. Whether it can be a suitable replacement to blockchain though I don't know, it may be an apples to oysters type of comparison and one may have strengths where the other has weaknesses.
Personally, I think many are extremely overbought (BTC, LTC, ETH, etc) but can't help but feel that those with real utility and industry value are (relatively) undervalued.
Maybe I'm biased because I place more of my portfolio on these, but I have witnessed lot of these alts becoming more and more established everyday and predict this trend continue if industry adoption continues at it's current rate (and there is economic incentive for it to do so).
ChainLink, as this project is aiming to incorporate outside data into the blockchain and smart contracts. This has plenty of real world use cases. This could be what the internet is to a computer, but for blockchain. Zen Protocol is also working on a similar idea, but they incorporate smart contracts into their project and have improved upon ETH's model a bit (not charging gas for failed contracts to name one example). I see no reason why this wouldn't be adopted if they can deliver.
Request Network, a project backed by this very website, is working to create a currency agnostic payment platform that may compete directly with PayPal and demands far less fees. There is a pretty incentive to adopt this over vendors listing individual currencies for payment methods, and everyone saves money due to lower fees.
RaiBlocks and ByteBall diverge from the blockchain and instead rely on DAG tech, and have extremely fast confirmation times because of this, and scale upward excellently. There is incentive to use these in the crypto space because transfer times and tx fees are too high, but we'll see how the outside world reacts.
Ripio Credit Network is working on making a decentralized lending platform to allow (currently) South Americans access to reasonable lending solutions, but I see this extending to a much larger global scope if successful. There is pretty clear incentive for adoption here, you can read about their potential customer base.
Just to name a few, I invite you to research a little more as a lot of these products are pretty amazing, and I'd be curious as to why you think the above are "worthless". But yes, adoption is the biggest concern. Personally, I don't see cryptocurrency ever going back to $0, the technology is better than existing models of centralized banking and middle men. Unless something comes along that disrupts the disruptor, I think it's here to stay for the forseeable future.
Further, I'd argue that BTC and ETH are both extremely overbought at the moment, and reflect more of what a bubble is than many of the lowly alt coins that have real use cases (not that BTC and ETH don't). I feel you're underestimating the potential of some of these smaller projects, the problems they aim to solve and the progress they've made towards solving them.
For those that believe in the technology that blockchain, DAG and smart contracts offer there is a lot up and coming projects that might contribute a lot to the space (and beyond into the real industry world, potentially).