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We could effectively say that when ethereum became the standard, at least for a little while, just about anything could be turned into an ICO with some basic knowledge of coding and a website. A whole year later we can clearly see that most of them failed, and some are even blaming some of the negative pricing of ether specifically to those ICO's underdelivering and running out of liquidity to continue their development, but that is a subject for another conversation.
The focus on Dapps
I think the markets may have learnt an important lesson here: We can't just rely on speculation, it's way too risky and not sustainable. In other words, the over simplistic idea that we could just come up with a name, a .io domain and a neat graphic of a roadmap has stopped working as effectively on attracting new money.
This had sparked developers into working on what I believe makes more long term sense: User experience. It's a lot easier to imagine an app that is so friendly, so easy to use, that people gravitate to it simply because they are having fun. Just like that, it's not incredibly hard to imagine economic systems attached to these applications.
Who leads the cryptosphere on this field? That is a heated debate, and it really depends on personal definitions of the word "leading", but it seems obvious that EOS is charging with the RPMs all the way up at the moment, trying to solidify some footing. This of course, means that the new battle ground, the new area for competition is shifting from development alone, to early adopters of dapps, with the hopes of reaching massive adoption.
Maybe we just Tokenize it all
This goes hand in hand with dapps, and honestly, just about everything could be turned into a game of sorts. Just about any social activity online could become an excuse to collect tokens, to exchange virtual assets and thus edifice an economy around it.
So the answer to me is quite simple. The platform that is the most scalable, the easiest to develop dapps on is going to win in the long run. Yes, price is important, yes everyone loves to look at charts, but that is short term thinking and short term focusing, and I for one don't care that much at all about RSIs, moving averages and other indicators. I want to know what dapps are on the assembly lines, because I think that is how we win the battle.
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I tend to agree. I wonder what you think about Steem monsters compared to EOS knights at this point.
I'm assuming you have at least some small amount of EOS as well.
I'm biased towards Steem monsters of course, I think it has the most potential out of the two. But this is not to say someone could not develop even a better game later on EOS.
I think my friend has learned that speculation is not the only way to develop e-currency trading. Rather, it involves many ways. First, to control this frightening collapse and convince people around the world that electronic currencies may become a substitute for real currencies.
we just need people using the tokens, not just hodling for ever.
I agree with your assessment. Now which projects are really good?
Posted using Partiko iOS
well, this post here is somewhat of a steemception thing going on, as I've shared it on twitter.... on the steemian landscape you know how i feel about Partiko as a tool for mass adoption.
But, if i had to say which projects are really good, we got plenty of examples running on steem already.
Outside of Steem, I particularly like EOS Knights... it seems promising.
I think DApps will create more usecase for the plethora of tokens in the market now
Yes, you're absolutely right as far as I'm concerned. In fact I just asked the question to the devs of Chibera is end-users would have to know anything about the mechanics of the underlying blockchain, like SBD, SP, Steem and the Steemit.com wallet. This is the trick for mass-adoption I think. Just apps (dapps) being used because they're user-friendly, fun and functional, without end-users having to bother with blockchain mechanics...
games might be the most effective gateway to make this whole thing explode.
Games might be the most
Effective gateway to make
This whole thing explode.
- meno
I'm a bot. I detect haiku.
ICOs is a great revolution in crypto market because of ICO we can see lots of new & revolutionary projects.
yet 99% of them are garbage
True.
I completely agree with your point of you. I Hope that this concern will get better in future.
That's true
You got a 40.70% upvote from @ocdb courtesy of @meno!