It has become a casino that has nothing to do with the value of technology. Regardless of the direction the project pursues, regardless of the technology, hype dominates the market cap. Projects that have raised a lot of money are putting more money into marketing, listings, and partnerships. This is why investors are asking projects to list their coins on large exchanges and make large partnerships. Then, the project should release the product promised in the white paper.īut, before the promised product is completed, the funds collected through the ICO are tremendously used for marketing and listing on exchanges. ICO is a form of crowdfunding in which money is raised to implement what the project promised in the whitepaper using cryptocurrencies. => Why did the crypto market become a casino? But in the opposite case, disaster occurs.ĭo you know what people call the way to generate profits only when new funds flow in? It makes sense when new investors keep flowing into the economy and market volume is increasing. With the current economic downturn, bank interest is very low,ĭo financial products with an annual yield of 25% really exist? Because the costs of service also increases. => No, in this case, it is difficult for dApps to be activated. (You can look Bitcoin Gold and Ethereum Classic cases for example).Īs the GAS of the coin rise, the price of coin also will increase due to the scarcity of the coin. POW blockchains with low market cap are more vulnerable to 51% attacks than POS. Rather, POS is much more secure than POW with low market cap. => No, Nothing at Stake is only a theoretical attack that has never actually occurred, and there is a theoretical attack possibility of 51% attack in POW. We need more time to explore blockchain technology. => No, companies have been exploring different technologies for a long time and have the system they are today. => No, for now most POS blockchains reward nodes with unlocking non-circulated tokens and it means total circulations will increases over time.Īre companies adopting blockchain right now? So, smart contracts should be easy to upgrade.Īren’t POS blockchains that pay a lot of rewards good? => No, contracts in real business life are updated occasionally, it doesn’t last for decades. Should smart contracts pursue “Code is LAW”? In order to unlock the full potential of the blockchain, you need to use a public blockchain. Rather, using a simple DB can have the same or greater effect as a centralized blockchain. => No, using a centralized blockchain is no different from using a simple DB. Isn’t the centralized blockchain also a blockchain? => No, increasing the TPS remains a bigger problem of blockchain bloat. Will blockchain scalability be solved by simply increasing the TPS? You take the red pill…you stay in Wonderland, and I show you how deep the rabbit hole goes.” Neo chooses the red pill and joins the rebellion.Īre you Nxters, Ardor community members or aware of Ardor? As described by Morpheus: “You take the blue pill…the story ends, you wake up in your bed and believe whatever you want to believe. On the other hand, the blue pill represents a beautiful prison - it would lead him back to ignorance, living in confined comfort without want or fear within the simulated reality of the Matrix. The red pill represents an uncertain future - it would free him from the enslaving control of the machine-generated dream world and allow him to escape into the real world, but living the “truth of reality” is harsher and more difficult. In The Matrix, the main character Neo is offered the choice between a red pill and a blue pill by rebel leader Morpheus.
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