Continuously developing features that the industry needs. Some projects are barely done with their roadmaps, some have halted it entirely, certainly such projects will have issues with meeting up to industry standards, the Blockchain space is continuously evolving, you want to be involved with projects who have shown the ability to be continuously grow, develop, expand....
Utility....is the why, for example, Hive, what is Hive used for, voting, gaming, curation, streaming, you can send it in 3secs feelessly, it is censorship resistant so your blogs are immutably on the blockchain,......and more....even though Hive is one of the most Useful chains, the price of the token doesn’t reflect it. Another example is Bnb, you want to own BnB cause it is useful in many ways, so are a lot of coins. But there are some that don’t accomplish anything other than hold and wait for others to buy so that you can make profit and sell off, these are the ones that get pumped the most, and also dump the most, they’re the noisiest, and a lot of people like to follow them to flip a dola
Thank you. I get that Doge and Shiba Inu have no utility perse. I can connect a few dots to understand Ethereum's utility, bnb is kinked to Binance, I get that. What then is Bitcoin's utility? Is this where POW comes in? Or??
I love your questions....you’re on the way to unlocking a lot of knowledge in this sphere, please keep them coming...
Bitcoin is the most decentralized asset, and due to its deflationary nature, it acts as a store of value and as an asset with potential to keep increasing in value as it has a capped supply. So people, large/small corporations, use Bitcoin to hedge against inflation and dwindling economies.
For example you save 100k for 4years, but in naira. After 4years, your 100k naira cannot longer buy what it could 4years ago, because of dwindling economy, whereas, if you put that 100k in Bitcoin, after 4 years, it would have increased in value. Simplest and maddest utility. Get it?
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Yeah, so Bitcoin's utility is Bitcoin itself as a store of value?
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On a very basic level, yes
I like basic. Thank you, Sensei
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Lol we are learning together
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