The survivors of the 2017 crypto bubble

in cryptocurrency •  8 years ago 

Secretly we all know this bullmarket in crypto is not going to last.

Some day.. it could be next week, it could be next month, maybe even next year, but this bubble is going to pop. There are just too much currencies, tokens and ICO's out there. The real underlying value underneath is just non-existent in some cases. Zero. A lot of crypto's will go down in flames. 🔥 The good thing is that ones the dust settles down there will be survivors. Strong survivors. They will arise from the ashes. It all boils down to use cases. There is room for a just few players per use case. Let's dive in and find out which ones are likely to survive the hype and stay around long term.

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Store of value & transfer of value

  • Bitcoin: First. Proven. Publicly known. Trusted. Limited supply.

Payments & transactions

  • Litecoin: Faster transactions. Cheaper. Strong name. Affordable. Proven. Silver to Bitcoin.
  • Dash: Instant. Privacy. Low fees.
  • Monero: Untraceable. Anonymous.
  • Zcash: If Bitcoin is http for money, Zcash is https.
  • NEM: Decentralised. Fairly distrubuted. Proof of importance. Trust algorithm.

Global settlements, International payments

  • Ripple: Instant. Certain. Low-cost. Banks.

Crowdfunding & smart contracts

  • Ethereum. The TCP/IP of the new economy.
  • Waves. Fiat transfers on blockchain. Crowdfunding.
  • Stratis. Private blockchains.

Donations & Tipping

  • Dogecoin: Strong community. Strong name. Cheap. Large supply.

Value for content

  • Steem: Rewards. Money for content. Innovative. Honest. Solid community.

Computing

  • Golem: Decentralised computing. Machine learning. AI.

Advertising

  • Basic Attention Tokens: Users get a piece of the pie. Famous founders.

That's it. I think there is a fair chance that these will survive longterm. What are your thoughts? And which ones be used in day tot day payments (point of sale / in store) transactions? Which crypto will buy you ice cream in the future?

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Nice post! Thanks. Please follow me: @martinst

How do you feel about Siacoin?

Siacoin enables decentralized payments via file contracts. All payments on the network happen in Siacoin, which supports their cryptographic SLAs. Sia argues that Bitcoin does not (yet) have the right features to support this. There could be some value in there, but be aware that Siacoin has already skyrocketed in recent days.

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