some crypto projects will fail, beware. - YouTube

Hey friends, how is it going? Most crypto projects after bitcoin looks like this. It’s

scalable, its fast, it’s efficient, configurable, secure, developer focused etc. I’m no crypto

expert, but I been around long enough in the financial markets to guess what’s going to happen.

Every kind of market segment looks the same. Think android phones, competition is having

better megapixels, better looks, better speed, more customisation. Everybody trying to out

optimise each other. It becomes a game of optimisation. Other hand, Apple doesn’t give a crap.

Sells you a shit phone and takes 87% share of smart phone profits. See the gas car industry.

Every year 1-2% fuel efficiency improvement. Everyone trying to out optimise one another.

Until Tesla came along and woahlaaa. asteroid impact

Think about the retail industry. When I was a kid, to start a retail business, you open

a store buy goods and sell. Who opens a bigger store, wins at driving cost down. It became

a game of optimisation until amazon came along and sweep the entire market. Rockets used

to be designed for one time use. Then Elon Musk came along and said, what if we tried

to re-use them.

Optimisation game is not the kind of game I wanna do with

my money my investments.

Back to the crypto markets, it’s happening all over again. Somethings just never change.

Everybody the same. I’ll create this great crypto project with the best business plan,

best engineers etc etc. I’m better than eth because etc etc. I heard it all. It started

from bitcoin, slow as hell and over the years, optimisation and optimisation. What do we

end up with? Many optimised great projects.

Crypto world have different market segments 1) Store of Value / Medium of exchange 2) smartcontracts,

3) cross-chain 4) oracles network and 5) shitcoins. Today I’m focused on the first. SoV / MoE

Let’s ask the most fundamental basic questions. Is decentralisation important? YES because

trust no one. I don’t need to explain that. Is speed important? Yess but to a certain

extend. Is 0.1 sec or 10 seconds going to make a lot of difference? In my opinion. No.

Sometimes, that awkward silence while my credit card payment being processed at the counter.

3rd most important basis question

Is there a need for fees? A lot argue yes, for economic reasons like cost to process

payments and running nodes. Or who going to absord the cost?

This is my main thesis why most cryptos will fail. Most crypto network are being built

on economics. Miners need to be paid. Paid for stalking. Paid for securing the network.

This is how most cryptos work. What if somebody comes along and says, hey! fees?

Pay Miners?

Everyone gonna flip.

Think about it, if email had fees, even tho it’s 0.000000001 cent per email, adoption

would have been much slower. Or tell someone in the 3rd world who makes $2 a day to pay

for each transaction. I don’t care how cheap it sounds but it sounds stupid. It must be

free. There is no other way.

Look, I’m not shitting on ether or bitcoin and other cryptos while pumping nano. Pumping

shit coins would have been more profitable. Eth great, by far the most developers, it’s

amazing. bitcoin have pass the test of time and it’s like the “index fund risk levels”

of the crypto world. I still believe defi on bitcoin having lots of potential. I still

have 20K DFI tokens. The other projects suggested in the comments, I do read them and go check them out.

Great projects, I’m not shitting on them. But again I ask the first principle questions.

I

see things from a different angle. I don’t see money as money. You guys should know how

I see stuff by now. Money is just an attribute to value creation. Nano Currency is fast and

free while using very little energy. Can I imagine a world adopting Nano? Yes. Simply because

they are doing something different, solving the right questions and values are right.

I have a suggestion for Nano community, I tried to post on reddit but auto moderation.

Is it possible to design a plug and play node like this: I’m sure lots of people in the

nano community want to help contribute to securing the network, including me. But most

people are not tech people. So a plug and play solution will reduce the barrier to help.

Do you think it’s possible? Do Let me know in the comments. Or help me post on Reddit, I can't do it

Wrapping up, while cryptos are here to stay and lots of money to be made. The crypto markets

can be very overwhelming. I get it. Tons of projects. Think like the next Steve jobs or Elon Musk and

ask yourself the most basic questions. Asking the right questions in life brings you far

in life. Hope I gave you something to ponder about. As always, invest safe.