Hey, what do you think about the alt's capitalization? Do some have justifiable future value present valuations in regards to their penetration of the real economy with acutal applications? global remmitances, prediction markets, smart contracts. If CCs penetrate the real economy, as in people using and holding on to them (as opposed to selling them through bitpay), which sector of commerce will it get through in first?
RE: Why I'm Negative on Bitcoin
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Why I'm Negative on Bitcoin
Most alts are directly affected by the run-up in Bitcoin and hence are likely in bubbles as well (and in some cases even more-so than Bitcoin, in others less-so). In the ideal case where we see cryptocurrencies become real competitors in the world, then likely the ones that have been tested and are successful products will have a much higher chance of survival than the many projects that are just ideas or very low adoption. Hence why it is critical not to invest much the lower you go in the list.
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What do you mean by ''successful projects''? Is having a working payment network a ''successful project'' or do you refer to more complex applications like ripplenet's xCurrent, xRapid and
xVia? or cloud computing and storage services.
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