Favorite Crypto/Blockchain Projects

3,842 Views | 31 Replies | Last: 2 yr ago by Bradley.Kohr.II
badharambe
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AG
Curious to engage the minds of other crypto/blockchain ethusiasts and haters on here.

I'll have a few posts below to generate a general "poll" voting to get an idea of what people think about blockchain/crypto.

I know cryptocurrency is not the only application of blockchain, just the main one as of now.

Does anyone have any projects they would like to discuss/ share that they see are promising?

I am very intrigued by a few projects. The ones I have done the most research in are BAT and MANA and think both of these have large growth potential. But I have others and will update as I research and develop a thesis.

All thoughts are welcomed!

** posts are info/entertainment only not a recommendation to buy or sell. **
badharambe
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Welp, no one wants to vote. So here's my promising project #1

BAT/Brave
https://brave.com
https://basicattentiontoken.org

Main idea:
-privacy first browser that blocks tracking and ads. Seeks to address the fraudulent online ads industry and create an ecosystem where the user is paid a small amount for watching ads. The user then utilizes this amount to donate/pay for internet content that is available. Block chain is utilized to distribute coins and keep personal data secure.

Promising reasons:
- Browser is already the best out there (fastest, cleanest, user friendly but still has a few hiccups)
- the team is extremely receptive, organized, knowledgeable and active on twitter to fix bugs
- Very Experienced and impressive team including developers from Netscape and former founder of Mozilla.
- Imo, one of the most "accessible" and easy to implement projects for wide scale adoption.

Reasonable thoughts:
Value increases as network grows.
2-4$ / coin.

Ultimate hope:
- growth turns into mass adoption, I can use BAT in daily life to pay for everyday items like an uber ride, etc.
- value of one BAT goes to 18-20$

...more to come....
badharambe
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AG
Project number 2:

Decentraland (MANA)
For me, this is a bet on virtual reality / 3D gaming. This is a creators world. People have been spending crazy money on land auctions In decentraland (upwards of 10k). Blockchain is utilized to store data and ownership.

Info below, more thoughts to come.

https://decentraland.org


https://coincentral.com/decentraland-mana-beginners-guide/amp/
badharambe
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AG
Other projects I find promising:
Btc
Eth
Tzero

Will add info as I see fit. Sorry if this isn't benefiting anyone beside me.
boboguitar
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Farming blue stars.
MaroonStain
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Failure like this thread.
permabull
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eric76
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There is something that I don't quite understand about many of these blockchain schemes.

In cryptocurrency, those who maintain the blockchains are paid to do so by the creation of new "coins" that are given to the one who is able to extend the chain.

For many of these other blockchain schemes, I don't see how the maintainers of the blockchains are paid for their work. If some company just does the blockchain themselves for their project, then what is the advantage of even having a blockchain?

So how do these blockchains work in the real world (i.e. apart from cryptocurrency)? Can you give some examples of some real world proposals that would use blockchains and explain the details?

Without this, it seems like just another bunch of schemes based on buzzwords.
OldArmyBrent
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If you have multiple different blockchains with transactions to verify, I'd think it's a trade. I do a calculation for one and you do a calculation for the other. We are both better off.
bigtruckguy3500
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I agree, I don't quite follow why everyone thinks block chain is the next greatest thing.

It reminds me of those sharing services in the late 90's early 2000's like Napster or Kazaa, etc. When everyone is on there sharing files, things run smoothly, but if people start dropping off, then it loses its draw and it takes longer and longer to download files. Sometimes it's impossible to finish a download as everyone is offline with that file. So more people drop off.

Perhaps I don't fully understand it, but what happens when people who maintain the block chain records, or whatever it's called, start dropping off for one reason or another. Does everyone maintain identical block chain records for redundancy or security? If so, it wouldn't be a huge deal if the system is designed to allow people to enter/exit easily. But otherwise, I can see the potential for collapse and loss of records.

Either people are just jumping on the bandwagon or I don't really understand this enough.
OldArmyBrent
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AG
My understanding is that that is exactly the idea behind a distributed ledger. Multiple copies exist and therefore fraudulent transactions are much harder to get into the ledger.
boboguitar
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AG
It's a solution searching for a problem.
eric76
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OldArmyBrent said:

My understanding is that that is exactly the idea behind a distributed ledger. Multiple copies exist and therefore fraudulent transactions are much harder to get into the ledger.
Yeah, but there has to be an incentive for people to make those multiple copies and compete in creating the block chain.
OldArmyBrent
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That was my earlier point. The payment for me doing the calculation is that you will keep a copy of the ledger. I will keep a copy of your ledger if you do the calculations for mine. Not saying this is the same as paying someone in bitcoin, but it's the only way I can think of to make it work. You need many different blockchain ledgers in that ecosystem to be successful, though.
badharambe
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A few real world examples besides the obvious currency use includes:

Docusign using eth.
https://coincentral.com/docusign-integrates-ethereum/

The government using eth
https://www.apnews.com/8eb100aa9ce9418b9ad34473e732c1e3

$bat - fighting online digital ad fraud (estimated 8 billion dollars in 2016). (Imo, Goog, FB have been complicit in raking in fortunes based on way overestimated ad #'s)
Reform in this industry is good for consumer, publisher and content creator.

Microsoft utilizing time stamp proof software Chainpoint to anchor data to the block chain.
>>currently creating app to be released 1Q2019. Potential use cases could include loans,mortagages, auditing files, education credentials
https://chainpoint.org
https://tierion.com/chainpoint/

There are other examples I could reference - specifically all that overstock is doing in the space with some game changing crypto projects. (Especially https://www.tzero.com/ )

In regards to one company running their own servers, bitmain tried this experiment and has essentially failed on the global stage.
They basically took over mining for bitcoin cash, which was once valued at over 3k and is now at 120$ and vitamin is struggling to survive.
While it is possible to do so, the most valuable part of the blockchain is the network it runs on. Anonymous computers/rigs mining throughout the world, which cannot be shut down is the current standard of digital security. Security and cutting out the third party is the main value behind the system.
NavyAg22
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Big fan of Tronix (TRX). Aim is to decentralize the internet. They recently purchased BitTorrent Client for over 100 million. TRX works in the same way as the Eth network, but it is much much faster.
badharambe
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AG
Why does the internet need to be decentralized? How is it not already decentralized?

How is it like eth? Just because it's a network to build games on?
YouBet
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boboguitar said:

It's a solution searching for a problem.
I'm beginning to wonder if this is the case. Frankly, I don't understand sh^t about it no mattter how many times I've read an explanation. I'll ask one basic question that hopefully has a clear answer:

Is blockchain a viable method for anything without the crypto farming element or is the farming a fundamental feature of it? From what I've read, we don't even have the computing power on earth to grow this much beyond current use cases but that sounds like urban legend to me. Maybe it's not.

I attended an innovation conference year before last and IBM was there. On a panel, the IBM guy shared that they had moved 1/3 of their total R&D into blockchain, but he didn't share much beyond that. So, that at least think it's something worth looking into.
boboguitar
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Distributed ledgers are being used in the industry right now. So in that sense, yes, blockchain does have some applicable uses. I have no idea what the future of cryptocurrency is though.
Bradley.Kohr.II
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The smartest uses, I think, which I've heard of is to keep title records and do very large transaction.

Paystand is doing something with using ethereum to process payments at a much lower cost than credit cards - if that works/could be scaled down for smaller transactions, it could make sense.
bigtruckguy3500
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Cryptocurrency Exchange Says It Can't Access Millions After CEO Unexpectedly Died
OldArmyBrent
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bigtruckguy3500 said:

Cryptocurrency Exchange Says It Can't Access Millions After CEO Unexpectedly Died


So did he convince everyone to let him hold their currency in these "cold" wallets before he faked his death? Seems like that defeats the purpose of blockchain.
Ronyaria
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badharambe said:

Other projects I find promising:
Btc
Eth
Tzero

Will add info as I see fit. Sorry if this isn't benefiting anyone beside me.
I like them too, especially Tzero. By the way, I would recommend having a look at some Pre ICO campaigns too. I think you can find some interesting promising ones there which you might want to invest in. What do you think about such things?
JunkieXL
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My favourite cryptocurrency project is BTCINDEX
TMoney2007
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OldArmyBrent said:

bigtruckguy3500 said:

Cryptocurrency Exchange Says It Can't Access Millions After CEO Unexpectedly Died


So did he convince everyone to let him hold their currency in these "cold" wallets before he faked his death? Seems like that defeats the purpose of blockchain.
I think that you could see in the ledger if the bitcoins left the wallet, but you'd never know where they went. With many of the bitcoin thefts over the years, you can track the coins from one wallet to another, but they're all anonymous.
badharambe
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JunkieXL said:

My favourite cryptocurrency project is BTCINDEX


Lol. Some random Russian bot just make a texag account?
Pro Ag
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Thought this was interesting. It's like Rauketen's Ebates, but they provide bitcoin instead of USD.

Yes, this is a referral link: https://lolli.com/ref/9bDN7kAB2N
Vade281
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AG
I just found out coinbase will pay you to watch a 1-2 minute video and answer a question. I was about to get 10 dollars worth of XLM. 10 dollars of BAT. 3 dollars of ZRT. and 3 dollars of ZEC.

What I like about it is that it actually teaches you their fundamentals and a small token amount to get started. You have to get on the wait list but it only took me a day to get invited to take the quizzes. Rumor is you have to be at least level 2 to get the invite.

Here is my referral link:
https://coinbase.com/earn/xlm/invite/5n1pq79t
badharambe
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boboguitar said:

Farming blue stars.

on jan 13 2019 when you posted this, MANA was UNDER .04 on binance.

Today, it hit 4.99 on coinbase.

I wasn't trying to farm blue stars, I was trying to farm (and have successfully farmed) a decent return.
black_ice
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badharambe said:

boboguitar said:

Farming blue stars.

on jan 13 2019 when you posted this, MANA was UNDER .04 on binance.

Today, it hit 4.99 on coinbase.

I wasn't trying to farm blue stars, I was trying to farm (and have successfully farmed) a decent return.



BOOM!

Pwned
administrative errors
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eric76 said:

There is something that I don't quite understand about many of these blockchain schemes.



Let me try to write this for bitcoin specifically, for fun/exercise.

Firstly,
Quote:

In cryptocurrency, those who maintain the blockchains are paid to do so by the creation of new "coins" that are given to the one who is able to extend the chain.


Bitcoin specifically, the protocol incentivizes trading electricity and computing power via tokens that are themselves secured by the energy and compute. Other protocols are completely different. Bitcoins protocol was released publicly before anyone was able to start mining and has unique incentivization/game theory structure to keep miners mining and keep decentralizing mining efforts for maximum security.

Quote:

For many of these other blockchain schemes, I don't see how the maintainers of the blockchains are paid for their work. If some company just does the blockchain themselves for their project, then what is the advantage of even having a blockchain?

So how do these blockchains work in the real world (i.e. apart from cryptocurrency)? Can you give some examples of some real world proposals that would use blockchains and explain the details?

Without this, it seems like just another bunch of schemes based on buzzwords.

Majority of them don't work in the real world and are VC schemes or rug pulls or haven't been properly tested/attacked.

Doesn't mean you can't play the casino though.
Pman17
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AG
Anyone into expensive .jpg files?
Bradley.Kohr.II
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I invested some play money in a company called LaneAxis - mainly as I got pissed off by a freight broker playing games, but also because distributed ledger seems like a great idea for BoLs/it is a really company already making money, supposedly. (Didn't do much due diligence, as it was just "f that jackass" money…
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