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Comment by donsupreme | Hacker News Reader

Not sure whether it's gambling or not.

But when you look at the half the crypto from the top 50, most of them I don't think they will ever have any realistic level of real world adoption.

They all sell some pipe dreams of future DeFi this or future IOT smart contract, etc. Sounds pretty much like just cherrypicking some niche area of use case just for the sake of differentiation, yet somehow it's worth billions of dollars in market cap.

How about just focusing on delivering a p2p crypto payment that is actually cheap, fast and preferably eco-friendly like what Satoshi envisioned in the first place?

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>How about just focusing on delivering a p2p crypto payment that is actually cheap, fast and preferably eco-friendly like what Satoshi envisioned in the first place?

https://www.chia.net seems to be a promising candidate to deliver that vision. I read their “green paper” and watched some interviews, and they seem to have jumped through the regulatory hoops already, in the hope to become a legitimate use case for institutions and governments. Also, it's founded by Bram Cohen, the inventor of the BitTorrent network.

> just cherrypicking some niche area of use case just for the sake of differentiation, yet somehow it's worth billions of dollars in market cap.

If only there was a company that financed such ventures.

I can't imagine that all these countless coins would have been able to get VC funding.

Retail investors are usually not the best at due diligence, and the current situation (economical and psychological) certainly isn't helping.

You should check out Nano - it’s one of the few cryptocurrency systems that works for this.

Instant payment, scales well, doesn’t use a standard block system (uses a block lattice instead), doesn’t rely on mining so is extremely green.

exactly, top 10 that arent bitcoin are attacks not only on bitcoin itself, but on your bitcoin as well :)

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