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Unfortunately, all the promising use cases are suppressed and kept from the public. It feels as though people are not allowed to invest in them. On the other ha

Unfortunately, all the promising use cases are suppressed and kept from the public. It feels as though people are not allowed to invest in them. On the other hand, obvious scams and Ponzis get a lot of attention and funding. IMO, established interest groups are working hard and investing a lot of money to discredit the space. That's why they only allow shitcoins and scams to gain traction. This might sound strange or far-fetched, but many people who have been in this industry for a few years share a similar perspective. If you think the economy is behaving increasingly insane, it's because it is. That's what you get when some entities have access to unlimited fiat. They spend most of it on anti-competitive activities.

Kbelicius 4y ago
> Unfortunately, all the promising use cases are suppressed and kept from the public. It seems that you know what those use cases are but for some reason you are unwilling to share them here. Did the establishment get to you too or are you just talking out of your ass?
- cryptica 4y ago
  My community launched a cryptocurrency backed by real estate income and we did token buybacks and burn using the income; we did this using our own DEX so our token serves as an alternative to a share (since obviously we cannot list shares of our business on a stock exchange; this had obvious business utility). It works (we managed to acquire 1 property and token price was stable for a long time) but unfortunately we've been struggling to raise significant funding since the beginning and there has been a lot of weird stuff happening with our community members like people pulling out for no reason and then soon after receiving awards from other mainstream (scam) projects whose founders don't like us. In some cases, we've had people spend months working for free building some apps (hoping to get some tokens), finishing it and then pull out mysteriously with weird excuses and refusing any tokens. You'll find that these buyback-and-burn 'token as a share' projects which are backed by real economic value are suppressed even though they provide businesses with exposure to investors which represents real value for those businesses (and potentially to their investors). None of them ever end up growing to the point that they can become fully decentralized (though most of them look promising initially). Obviously many founders take 'bribes' (in the form of price pumps) to sabotage their own projects. I've worked for such project before and watched it self-sabotage. It was very obvious but they started to hire a lot of people and adding more bureaucracy to make the business look more legitimate... But they achieved absolutely nothing in 5 years.

Kbelicius 4y ago

> Unfortunately, all the promising use cases are suppressed and kept from the public. It seems that you know what those use cases are but for some reason you are unwilling to share them here. Did the establishment get to you too or are you just talking out of your ass?

cryptica 4y ago
My community launched a cryptocurrency backed by real estate income and we did token buybacks and burn using the income; we did this using our own DEX so our token serves as an alternative to a share (since obviously we cannot list shares of our business on a stock exchange; this had obvious business utility). It works (we managed to acquire 1 property and token price was stable for a long time) but unfortunately we've been struggling to raise significant funding since the beginning and there has been a lot of weird stuff happening with our community members like people pulling out for no reason and then soon after receiving awards from other mainstream (scam) projects whose founders don't like us. In some cases, we've had people spend months working for free building some apps (hoping to get some tokens), finishing it and then pull out mysteriously with weird excuses and refusing any tokens. You'll find that these buyback-and-burn 'token as a share' projects which are backed by real economic value are suppressed even though they provide businesses with exposure to investors which represents real value for those businesses (and potentially to their investors). None of them ever end up growing to the point that they can become fully decentralized (though most of them look promising initially). Obviously many founders take 'bribes' (in the form of price pumps) to sabotage their own projects. I've worked for such project before and watched it self-sabotage. It was very obvious but they started to hire a lot of people and adding more bureaucracy to make the business look more legitimate... But they achieved absolutely nothing in 5 years.