12-30-2021, 07:05 PM
If the only purpose of a coin is to gain value and make 'early adopters' rich, then
<!-- SC_OFF --><div class="md"><p>I have seen countless of new projects overpromise that their coin will go to the moon.</p> <p>I have seen teams dedicated to saying "we will be so rich"</p> <p>Things always crumble when you start to ask: What is your use case ? What problem do you solve?</p> <p>If you are discovering a coin which is promoted for the sole 'future value' of the coin, it is a predatory project which will most likely fail and/or burn a lot of people. This should be one of the reddest flag for anyone.</p> <p>In our market, hype is a real factor it is true BUT utility is king.</p> <p>Your coin utility is to reward debt forgiveness? Great!</p> <p>Your coin utility is to apply the blockchain to the housing industry through a metaverse to do VR visits of real houses and flats? Great.</p> <p>Your coin utility is to make early adopters rich ? Not great !</p> <p>Tldr: Coins made to go "2 the moon" will never go there, the best coins have utility. </p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Nostalg33k"> /u/Nostalg33k </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rs1m5j/if_the_only_purpose_of_a_coin_is_to_gain_value/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rs1m5j/if_the_only_purpose_of_a_coin_is_to_gain_value/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I have seen countless of new projects overpromise that their coin will go to the moon.</p> <p>I have seen teams dedicated to saying "we will be so rich"</p> <p>Things always crumble when you start to ask: What is your use case ? What problem do you solve?</p> <p>If you are discovering a coin which is promoted for the sole 'future value' of the coin, it is a predatory project which will most likely fail and/or burn a lot of people. This should be one of the reddest flag for anyone.</p> <p>In our market, hype is a real factor it is true BUT utility is king.</p> <p>Your coin utility is to reward debt forgiveness? Great!</p> <p>Your coin utility is to apply the blockchain to the housing industry through a metaverse to do VR visits of real houses and flats? Great.</p> <p>Your coin utility is to make early adopters rich ? Not great !</p> <p>Tldr: Coins made to go "2 the moon" will never go there, the best coins have utility. </p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Nostalg33k"> /u/Nostalg33k </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rs1m5j/if_the_only_purpose_of_a_coin_is_to_gain_value/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rs1m5j/if_the_only_purpose_of_a_coin_is_to_gain_value/">[comments]</a></span>Kind Regards R