The wrong forecast of analysts and the new societies growing around us
cryptocurrency·@paolobeneforti·
0.000 HBDThe wrong forecast of analysts and the new societies growing around us
<html> <p>What is going to happen in the crypto-world in the next months? No one can tell you.</p> <p>During 2017, the best analysts around the world lost their faces trying to forecast the development of crypto prices. Here is some examples:</p> <p>Jan 2017. Investopedia</p> <p><img src="https://steemitimages.com/DQmYs7xkxPdxHNoSJyiZc5fxYejmAUKt5eA3RhVXvjD9JHc/inveatopedia%20gennaio%202017.JPG" width="747" height="174"/></p> <p>March 2017, Nicola Duke of Forex Analytix </p> <p><img src="https://steemitimages.com/DQmNcpdwsCtkwrS2jYk4FnsMThZEu4dYthitjjSvEWWwN9y/bitcoin%20duke%20march%202017.JPG" width="700" height="207"/></p> <p><strong>Ok, it's far too easy</strong> to put on shame financial analysts about the prices of cryptos: they just use old tools to examine a new and fastly evolving environment. <strong>It is like trying to evaluate a novel by Mark Danielewski using the standards of Cicero's rethoric.</strong></p> <p>The technical analysis are the funniest ones. Like this, from Steemit, the half of Dec 2017:</p> <p>SBD to 28$ for Christmas 2017? ^^</p> <p><img src="https://steemitimages.com/DQmc1C5tAkomEzj3D4fdsnjKpo1LNazDtHjNfCL5zgAkMAM/sbd%2016%2012.png" width="1824" height="956"/></p> <h1>It's a war, not a luncheon!</h1> <p>Of course, there are analysis published just to influence the market, and not to foresee its fluctuaction (just as there are articles posted just to discredit/support some assets or weaken/strenghten them: where money is, there is war and no rules)</p> <h1>The real projects behind the tokens</h1> <p>But when I think about the cryptocurrencies world in 2018, I'm not thinking just about prices, new ICOs or BTC dominance. <strong>I look at the so many projects behind the tokens.</strong></p> <p>Just a few examples:</p> <p><a href="https://www.emc2.foundation/">Einstenium</a> is a project to support scientific research and education "<em>The Einsteinium Foundation’s mission is to raise funds for scientific research. Our mining tax creates a pool of funds that provide grants to deserving applicants.</em>" </p> <p><a href="https://tron.network/en.html">Tron</a> "<em>aims to construct a worldwide free content entertainment system</em>". </p> <p><a href="https://powerledger.io/">Powerledger</a> is a project about the distribution of electric power to create "<em>a power system that is resilient, low-cost, zero-carbon and owned by the people of the world</em>". </p> <p><img src="https://steemitimages.com/DQmYbsoQiSZtfysgqncybTwswzbNLbPwtQeDGbUuMW88i4M/pwl.JPG" width="874" height="354"/></p> <p><a href="https://www.ethos.io/">Ethos</a> says they are here to put the power back in the hands of the people (Nice try, in my opinion ;) ) </p> <p><a href="https://substratum.net/">Substratum</a> is about sharing computing resources, so to "<em>allows anyone to allocate spare computing resources</em>". </p> <p><a href="https://iota.org/">Iota</a> is focused on the "Internet of Things" and the way to make it grow for companies and people </p> <p><img src="https://steemitimages.com/DQmejWfQtKVTXu1Px2Ymb1dtNyjJvTWiYkUfq2DnJdZcS46/iota.JPG" width="951" height="416"/></p> <p><a href="https://www.mona.co/">Monaco</a> created a debit card to use cryptos for day-to-day expenses. </p> <p><a href="https://po.et/">Poet</a> aims to protect authors from plagiarism. It is "<em>a shared, universal ledger designed to track ownership and attribution for the world's digital creative assets</em>". </p> <p><a href="https://ink.one/">Ink</a> is about creating an "<em>Intellectual Property Assets Exchange</em>" for creative people. </p> <p><a href="https://golem.network/">Golem</a> wants to create "<em>a global, open sourced, decentralized supercomputer that anyone can access, (...) made up of the combined power of user's machines, from personal laptops to entire datacenters.</em>" </p> <p><em>And so on.</em></p> <p>As you can see, many of these projects have common goals (<em>and very utopistic ones, IMO</em>), so that probably some projects will prevail and others will disappear. <strong>BUT this growing environment of tools and possibilities is going to change our societies and the way we live.</strong></p> <p>There is a whole world of projects going on and starting right now. This is what we will see in 2018, IMHO - and also the mass acceptance of the cryptocurrencies, from people and from institution. But this is not going to happen without leaving deads and woundeds behind.</p> <p><img src="https://steemitimages.com/0x0/https://steemitimages.com/DQmWSYK3TaH4GyX5L6zno8QNFJb15fhH7kM3Gx5UMA64oWh/follow_paolobeneforti.gif" width="397" height="60"/></p> </html>
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