Ask HN: What use are the non-major cryptocurrencies?
3•otohp•3h ago
I am curious - what use are the cryptocurrencies/tokens that are not one of the major ones (like USDT, Bitcoin, Ethereum, Litecoin) etc? Why would someone buy one of these, or work on those projects? How is it beneficial to do so?
Comments
adrianwaj•1h ago
There are many. A "What are you Working On (crypto only)" would be a good way to see what's happening in this space. Coins are cheap now, capital rotation could easily change this rapidly, but there has to be a reason. But it's not all about building the price, it's also about building the utility and the two are linked. I actually think the upcoming Linux handhelds will open up new use-cases. Get people transacting in the real world. Pay someone, or providing a faucet by scanning their face or taking a palm photo? Ears are unique too. I don't know. Maybe with AI, biometrics could be enhanced somehow and offer more equitable distribution, and wallet security. Private ledgers and networks also important to stop a currency from being debased, perhaps.
adrianwaj•1h ago