For this analysis of the issues currently in the market, we have resourced the services of an independent consultant who stated the following:
THE CRYPTO COMMUNITES
Rather create two or three (or more) of the same products and services because none of them wish to work together, instead they all create a partial product or service resembling what is already available (in the Crypto offer).
Collaboration = more funds concentrated towards a better product/service.
- TECH & TOKEN DISTRIBUTION
Most blockchains claim to be decentralized, yet in reality in most of the blockchains out there with crypto tokens on them the bulk of the tokens are owned by one entity or a tight group of collaborators who ensured that this be the case from the word “Go”. All these types of tokens offer only a “shift of power”, not any form of real decentralization.
Many if not most projects are best defined as a “cash grab”, a means for only a few to get much richer.
i.e. The most influential percentage of token ownership is reserved exclusively for a small (usually tight) group.
If the projects that claim to be “decentralized” truly believed in their product/service, they would start from a fair and equal point in which all the people who wish to get on board are included.
“Equal benefit” does not mean “Equal outcome”.
If everyone in the world got let’s say one hundred tokens. Within minutes, some will have zero and some will have thousands, if not millions.
Some will capitalize on the opportunity, others will walk away feeling as if they have ‘lost something’ or ‘given up something’.
“EQUAL OPPORTUNITY” is the goal.
Way too many projects out there are overcomplicating things.
i.e. Sign up procedures.
“It isn’t only the money that matters, give people options, make it easy, user friendliness is what people want. i.e. an eighty four year old granny uses Facebook without any problems!”
This is as old as humanity. There are many professionals out there who are extracting profits daily. It takes a lot of experience, knowhow and tech to be able to enter this arena of the crypto scene.
The vulnerability of tokens in the crypto scene is high that they are not attractive to real world businesses.
STABILITY vs VOLATILITY
Again, a result of the ‘power game’.
- EVERYTHING IS A POPULARITY CONTEST
We are seeing a change in everything. Popularity affects and determines so much of all markets that facts and logic have little to almost nothing to do with it.
Certain names, media hype, even posts put out by certain names in the scene influence the market trends, to the point where the tech is almost irrelevant. It is all about “Who” and not “What”.