I love when huge MSM outlets we usually love to hate as Liberty and Awake folks print decent stuff, on the emerging world we are working with to get rid of the banksters and EVERYTHING connected to greasing their wheels and the governments always propping them up, at OUR expense, in terms of tax money and civil rights surrendered.
I am fortunate to know one of the $SWT community leads Jenn. She is very nice.
When I was literally a brand new crypto baby, trying to jump in, she was one of the very first people who tried to help me, LOL.
I always remember that and her kindness to me. It was even before the Swarm City community went through their rebranding so that will tell you a few things.
Thanks Jenn.
$SWT Charting today on CoinMarketCap.com:
(Lifetime Chart just above)
Here's my overview of the article.
Hollow ICOs: Five Ways To Tell If A Crypto Token Has Merit
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Many initial coin offerings (ICOs) were tickets to quick riches in 2017. Take a token called Status—it was issued in June, raised about $100 million and soared 1,200% within six months. It’s easy to get excited by crypto’s surging prices. But now that the market has corrected somewhat and it’s clear that tokens both rise and fall, it’s prudent to determine whether the virtual asset you’re buying has merit and utility in the real world.
-- 1. Who’s the team behind the coin?
Much like the venture capital world, the founding can make or break a crypto asset. When evaluating a coin’s developers, look beyond education to find out what projects they’ve built, says bitcoin investor and researcher Tuur Demeester. He likes to see that developers are “respected in the fields of cryptography, memory compression, peer-to-peer networks and large open-source projects.” The more knowledge and experience they have, the less likely they’ll be to repeat past mistakes that have plagued other crypto coins.
-- 2. Read the white paper and ask what problem the coin is trying to solve
Developers typically publish a white paper that explains the software and economics behind a coin, and investors should read it with a critical eye. Cryptocurrencies’ main reason for existence is decentralization—they’re controlled by many people instead of a single, central authority. In crypto theory, that’s good because central authorities are more susceptible to incompetence and corruption. The white paper should clearly explain why the digital asset benefits from decentralization, Chris Burniske and Jack Tartar write in “Cryptoassets.”
It is here next the $SWT paragraph is inserted in the article:
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Swarm City, a crypto platform that aims to power services like a decentralized Uber, isn’t owned by a company that needs to turn a profit, so it might be able to operate more cheaply. That could attract more drivers to the platform and result in lower prices for consumers. “Are these factors enough to gain traction over [...] Uber over the long term?” write Burniske and Tartar. “The innovative investor should perform similar thought experiments with any cryptoasset under consideration.”
It goes on to list a few more of the 5 Merits of a True Crypto Project:
--3. When was the token launched?
-- 4. Could the crypto platform run on ether, instead of its own token?
-- 5. Look at the Github repository
-- Jeff Kauflin , FORBES STAFF
Thanks for reading, have a nice day.
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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.
Carry On.
