I believe the ico adrenalinrush is over, people became more aware that most of them are bs. Its like when you remember back 2013. There was btc, ltc, 5other crapcoins like namecoin, peer, infinite. Everybody got excited when a new coin came out. Now there are 800on cmc and maybe 10k total.
Exactly. The craze with ICOs is going insane. Good for anyone wanting to ride the hype train with the vision of insane wealth created in a blink of an eye.
I'm not saying all ICOs are bad, but huge majority of them don't really need ICOs at all. It takes portion of the risk out of entrepreneurship (by securing the devs way more money than they need) and therefore IMHO undermines the natural push for the product to be the best, so it can thrive on the market. This way you already have the money, so why should someone care?
I'm staying away & investing there, where progress has already been made. There are many projects/coins, that are alive 2+ years, living off themselves and small donations from the community. And guess what – they are still alive; they don't need $100m. Just saying.
I could not agree more with you evaluation of Steem's abilities. We are already processing more transactions per day than Bitcoin at a fraction the of the time, with no fee. We have a community of 200K and growing daily. I believe that we are on to something huge and every time I get a knot in my stomach thinking about what could go wrong, I remind myself of what could go write. Such an exciting time to be alive. Truly blessed we are!
Yeah but why not throw a little (time, effort, $) at it any way. Some people took a long shot on Microsoft and Wal-Mart in their infancy too at one itme.
Succinct! Its interesting to imagine the.massive potential Steem has. Funnily, I get those knots too as the.crypto.sphere.is so uncertain. Soon, steem will dine with the big market.cap boys too
Thanks for the information! If Steem can really thrive in other environments/projects in addition to Steemit, think of how strong the whole ecosystem would be; Steemit would get stronger too!
The rise of these ICOs gives the crypto community a bad reputation. The public sees these record setting ICOs and assume that all cryptos aside bitcoin ate scam.
There even an ICO in which the coin creator explicitly said to the public that his coin the Ponzi coin's proceeds is to be used to buy his Tesla.
The greed in ICOs will quickly.lead to broken promises and stolen money. This will make a perfect excuse for governments to regulate cryptocurrencies.
I do agree with you. But the scenario you described is typical to all booms. During the 2000s, anyone could slap a .com suffix to their.startup and sell it for millions.
SOmething amazing is surely coming out of this craze.
The summary is spot on. There will be a bubble and it will get over hyped (getting there now). There will be bust in which people will lose money. But when the dusts settles, those left standing will be the future!!
Steem is the most undervalued coin right now. Steemit even provides it's own economy plus a bridge with the FIAT and Crypto world. As soon as the hype dies out from all the under-delivering ICO's, investestors are going to turn to the things that work.
A small shake up in the crypto ecosystem will make Steemit anti-fragile.
And yea I also think this is just the beginning of the adoption of the blockchain technology, people who are in now and exploring the possibilities of this new tech are the lucky ones in my opinion :)
Amazon and Google....I hope we are aiming a little higher than that. They are no exactly virtuous. Perhaps he is judging the crypto space by old standards?
I believe we will see a sharp decline in ICO activity or at least people will start to scrutinize them. I for one try to stick with more established crypto. But hey this is just starting to really pick up but I can see a lot of people getting burned by ICO's that don't know what they're doing.
Good post. We should all be aware that scammers are using the popularity of crypto and these blockchain technologies to create scam ICO´s so better do a good due dilligence before investing. Steem will do very great however need to grow its ecosystem gradually, a win win for all. Great post indeed, upvoted. Mentioned you in @infovore my latest post...success
This train is moving and it's moving fast. I like how you broke this up to "drive it in" that even though it's basically the WILD WILD WEST right now, the power is definitely being put back into the hands of the ppl. We gotta keep reminding ourselves of this. That's why alot of us are even here. Personally, the cha-ching is just another awesome benefit. Look at all these ppl coming together --like from everywhere. Wrapping this phenomenon up with a new type of social eco-system on top of everything else...well -- kinda makes me wanna say, "to the moon ppl!" Thanks for the post! 👆
Thanks for this great post. I do believe that Steemit is in an undervalued stage, just because it's still young (almost 1year). But lately more and more new users are join in, and so much people are spreading the word. So I'm pretty sure that within 2 or 3 years, with some new features, Steemit will beat those traditional social media! 😏
Really well researched and presented, soooo much information I kinda had to give it a flick through... I'll come back for the in depth read later tonight.
Nice article. Decentralization of the economy (at least parts of it) is imminent. I wonder what other products or services will get bootstrapped. Dollar/Euro to BTC/LTC, Facebook/Reddit to Steem.
Great article, I find the Ted Livingston quote really interesting. I'd like more insight into what he sees as the relationship between crypto and making a service more salable.
kik thru the coin kin will be awesome for Steemit. Steemit is so positioned to benefit from this. The potential is phenomenol. So excited for me and the Steemit platform. Go Steemit.
You are spot on! It is such an amazing time to be alive and participate in especially at my age and not my less than fore-thinking grunge loving college kid in the 90's.
“What’s exciting about cryptocurrency is for us it’s been very hard to monetize in the western world,”
“The broader motivation is that it is really hard for independent developers to compete with huge companies,”
“On one side, you see digital services, on the other, they are being owned and controlled by fewer companies because they are the only ones to monetize at scale using advertising. You try to sell things but you are trying to sell to consumers who think everything should be free.
Slowly, established creatives are realizing the power of cryptocurrencies.
. ice info @infovore
Learnt a lot. However lucrative we have to also understand the risks involved in such entire venture & do a thorough due diligence. All that glitters is not gold
This platform has the potential to take a big piece of the pie from Facebook and Reddit. Nothing makes a community evolve quicker like being their own banks. TO THE MOON, BABY!
Really excellent breakdown. Thanks for putting in the time.
Thanks for the compliment. Makes me glad someone thought it was a good read.
I believe the ico adrenalinrush is over, people became more aware that most of them are bs. Its like when you remember back 2013. There was btc, ltc, 5other crapcoins like namecoin, peer, infinite. Everybody got excited when a new coin came out. Now there are 800on cmc and maybe 10k total.
Exactly. The craze with ICOs is going insane. Good for anyone wanting to ride the hype train with the vision of insane wealth created in a blink of an eye.
I'm not saying all ICOs are bad, but huge majority of them don't really need ICOs at all. It takes portion of the risk out of entrepreneurship (by securing the devs way more money than they need) and therefore IMHO undermines the natural push for the product to be the best, so it can thrive on the market. This way you already have the money, so why should someone care?
I'm staying away & investing there, where progress has already been made. There are many projects/coins, that are alive 2+ years, living off themselves and small donations from the community. And guess what – they are still alive; they don't need $100m. Just saying.
I completely agree with you. Its saddening that some are overhyped but it comes with attendant FOMO by newbies armed with lotta money.
Its always nice to for what works for you. Nice POV. Thanks for.dropping by.
I could not agree more with you evaluation of Steem's abilities. We are already processing more transactions per day than Bitcoin at a fraction the of the time, with no fee. We have a community of 200K and growing daily. I believe that we are on to something huge and every time I get a knot in my stomach thinking about what could go wrong, I remind myself of what could go write. Such an exciting time to be alive. Truly blessed we are!
I'm wondering if everyone is jumping on the latest craze these days due to the fear of losing out.
I wonder the same thing.
Yeah but why not throw a little (time, effort, $) at it any way. Some people took a long shot on Microsoft and Wal-Mart in their infancy too at one itme.
The FOMO is too real these days.
I just joined steem today and absolutely love it. I'm really looking forward to see how it all unfolds and improves over the next couple of years.
I have no idea what I'm doing on here yet. :D
Welcome! Its gonna be such an exciting ride. Trust me ;)
Succinct! Its interesting to imagine the.massive potential Steem has. Funnily, I get those knots too as the.crypto.sphere.is so uncertain. Soon, steem will dine with the big market.cap boys too
i want to know about bitcoin more and more so upvote me and give information thats i am happy ..tnx
upvote u friend..
Thanks for the information! If Steem can really thrive in other environments/projects in addition to Steemit, think of how strong the whole ecosystem would be; Steemit would get stronger too!
Yeah. The possiblities are.endless. The way I see it, Steemit is just a small slice of the cake.
Lol. Its alreading happening. See mycelium.
The rise of these ICOs gives the crypto community a bad reputation. The public sees these record setting ICOs and assume that all cryptos aside bitcoin ate scam.
There even an ICO in which the coin creator explicitly said to the public that his coin the Ponzi coin's proceeds is to be used to buy his Tesla.
The greed in ICOs will quickly.lead to broken promises and stolen money. This will make a perfect excuse for governments to regulate cryptocurrencies.
Hire a Tech Geek, make millions. A new bubble in the technology sector. ICO
I do agree with you. But the scenario you described is typical to all booms. During the 2000s, anyone could slap a .com suffix to their.startup and sell it for millions.
SOmething amazing is surely coming out of this craze.
The summary is spot on. There will be a bubble and it will get over hyped (getting there now). There will be bust in which people will lose money. But when the dusts settles, those left standing will be the future!!
Exactly!
Steem is the most undervalued coin right now. Steemit even provides it's own economy plus a bridge with the FIAT and Crypto world. As soon as the hype dies out from all the under-delivering ICO's, investestors are going to turn to the things that work.
A small shake up in the crypto ecosystem will make Steemit anti-fragile.
Totally agree, just bought more couple hours ago :)
Exactly. Only a few.coins have been able to.create.a self sustaining economy. It would be.interesting to see Steem go back to dining with the big boys
it will. I am sure of it
good post man :D.
And yea I also think this is just the beginning of the adoption of the blockchain technology, people who are in now and exploring the possibilities of this new tech are the lucky ones in my opinion :)
Thanks.
Yup. I do agree with you we all are early adopters. It would be cool to see how the next few years pan out.for.cryptos.
Amazon and Google....I hope we are aiming a little higher than that. They are no exactly virtuous. Perhaps he is judging the crypto space by old standards?
Haha. I think he was trying to give a similitude of how big things are going to be.. and yes, they are not virtuous at all
I believe we will see a sharp decline in ICO activity or at least people will start to scrutinize them. I for one try to stick with more established crypto. But hey this is just starting to really pick up but I can see a lot of people getting burned by ICO's that don't know what they're doing.
Yes and thank you for this message
Yes and thank you for this positive message
Good post. We should all be aware that scammers are using the popularity of crypto and these blockchain technologies to create scam ICO´s so better do a good due dilligence before investing. Steem will do very great however need to grow its ecosystem gradually, a win win for all. Great post indeed, upvoted. Mentioned you in @infovore my latest post...success
Thanks for dropping. And you are right, literally every idea is being slapped with an ICO. As usual, one shouldnt invest what he cant lose.
I agree, good point. However, before investing, a comprehsnsive DD should be done
This train is moving and it's moving fast. I like how you broke this up to "drive it in" that even though it's basically the WILD WILD WEST right now, the power is definitely being put back into the hands of the ppl. We gotta keep reminding ourselves of this. That's why alot of us are even here. Personally, the cha-ching is just another awesome benefit. Look at all these ppl coming together --like from everywhere. Wrapping this phenomenon up with a new type of social eco-system on top of everything else...well -- kinda makes me wanna say, "to the moon ppl!" Thanks for the post! 👆
Interesting perspective. Its an amazing experience..interacting with people all over the world from all spares of life.
That last quote is exactly how I view ICO's today - good for a quick profit but if you go long then you'll end up a bag holder!
Yeah. Always take a.profit. in the long run you can amass massive profit.or gain nothing
Thanks for this great post. I do believe that Steemit is in an undervalued stage, just because it's still young (almost 1year). But lately more and more new users are join in, and so much people are spreading the word. So I'm pretty sure that within 2 or 3 years, with some new features, Steemit will beat those traditional social media! 😏
This is a great article.. What for EOS to launch on June 26th. Can they be the first ONE BILLION ICO, I think they can. Thoughts :)
Thanks. I agree its got that potential but I see no reason why its eth only
ICO's remind me of the 1990's internet boom, big bubble will follow. Im scared to invest in ico for same reason.. but again it is very profatable
Yup. Many people invest in ICOs for.a.quick flip. Only a few.are worth investing for their.solid tech
Yea thatss true! @infovore
The ICO situation is maddening. I have had my criticisms of Steem in the past but today I powered up if that tells you anything.
Interesting to see an early Steemian renew his.belief.in Steem
Really well researched and presented, soooo much information I kinda had to give it a flick through... I'll come back for the in depth read later tonight.
Good to see you source your work too.
Thanks for the compliment. Appreciate.
Nice article. Decentralization of the economy (at least parts of it) is imminent. I wonder what other products or services will get bootstrapped. Dollar/Euro to BTC/LTC, Facebook/Reddit to Steem.
Great article, I find the Ted Livingston quote really interesting. I'd like more insight into what he sees as the relationship between crypto and making a service more salable.
New dawn for sure! I wish I know which ICOs do best! What are the best forums to do research?
100% up here
OMFG lol
Sad how more people don't accept cryptocurrency with open arms...
Kinda like how Hitler f**ked up the toothbrush mustache....
https://steemit.com/funny/@splatterhaus/why-the-hell-did-hitler-have-to-go-and-ruin-the-toothbrush-mustache
Thanks for the knowledge, man..
great information...my friend...
Congratulations @infovore!
Your post was mentioned in my hit parade in the following categories:
kik thru the coin kin will be awesome for Steemit. Steemit is so positioned to benefit from this. The potential is phenomenol. So excited for me and the Steemit platform. Go Steemit.
You are spot on! It is such an amazing time to be alive and participate in especially at my age and not my less than fore-thinking grunge loving college kid in the 90's.
Great Information... Thanks ...aspiring social ecosystems is a win-win situation for all
“What’s exciting about cryptocurrency is for us it’s been very hard to monetize in the western world,”
“The broader motivation is that it is really hard for independent developers to compete with huge companies,”
“On one side, you see digital services, on the other, they are being owned and controlled by fewer companies because they are the only ones to monetize at scale using advertising. You try to sell things but you are trying to sell to consumers who think everything should be free.
Slowly, established creatives are realizing the power of cryptocurrencies.
Thanx for this post Cheers buddy
Steem will be the popularst blockchain in future but please dont let steem fall on a level like Facebook (mainstream)!!!!
. ice info @infovore
Learnt a lot. However lucrative we have to also understand the risks involved in such entire venture & do a thorough due diligence. All that glitters is not gold
Great explanation and really made me to consider to invest in ICO. Good job :)
i am keen to learn more and appreciate the value of steem -- i will grow here and that will do me
Thank you for the great post...upvoted
Thanks for the infor. I don't know much about this. But your work has made me to have an idea. Thanks
Thanks for the important information buddy
Thanks for the information it seemed so nice and great ..thank you once again ..it helped me alot @infovore
nice video, nice posting
thank you for sharing
great information
Great piece of work my friend. Definitely agree about the ICOs right now.
Steem has a lot of potential!!!
quality content are rare to find, I follow.
follow me pls and upvote ...i am new member and a student...promote me pls ...
Absolutely crazy in the crypto world
This platform has the potential to take a big piece of the pie from Facebook and Reddit. Nothing makes a community evolve quicker like being their own banks. TO THE MOON, BABY!
Good work man keep it up!