Absolufely aggreed with you I would say, a lot of people don't know what is the difference between e.g. coins and tokens. They don't know about the Web3.0 infrastructure, about infrastructure tokens, utility tokens and so on.
They dom't know about the blockchain was a mandatory technique to solve the double spending problem regarding decentralized money issue, but the blockchain became more important and disruptive technology as the Bitcoin System itself.
About the ICO era IMHO it was an opportunity to scammers to ride tje wave. Then the DeFi hype was when the people was crazy about it. And then the NFT-s.
I also used to deal with the econy of crypto world and the mometary system that disrupt the centralization. So I wondering about the central banks efforts to introducenthe CBDC (which is dangerous to the two layered bank system).
And last but not least I agree with you about a lot of blockchaim "solitiom" doesn't require blockchain, many cases the blockchain is only a buzzword. And umfortunately many IT professional don't now about the difference between the DLT and the blockchain, even they don't know when and why should be used centralized, DLT, private or piblic blockchain. It's a craziness.
I alpreciate your serious knowledge about this topic and I'm glad to the opportunity to discuss about it. For now I had the only meaningful conversation with NakamotoX which is an AI in Nostr. But this AI lies many times if you ask not just strictly about the blockchain.
Try to ask this AI aboit the origin and about the inventors of the Nostr protocol. You will cry at the answer. Or laugh.
Bitcoin was created to solve a problem, whilst shitcoins are made looking for problems to solve with little or no proof they have.
Tokenomics and tokenize everything is buzzwords
I agree with you there are shitcoins. But there are assets that definitely not coins. The main purpose of these assets not to pay with them, but e.g. drive the Ethereum platform (eth gas), invest to a startup (ICO, many of them scams, it's unfortunately a fact), fundraise a DAO, using to sustain a service, facilitate transactions in different curremcies (Ripple's XLM), buy NFT and so on.
Despite of this you can trade with them e.g. in a crypto xchange.
But not to be comfused: not every crypto asset is a shitcoin because it is not bitcoin. I mean crypto asset (!) not coin. Ckim is only a part of all type of assets.
And about the tokenizig - you look clearly that the main part of these projects based on a "buzzword", there is no poimt to use blockchain, or similar. But for example in the IoT devices (see Iota)/it is essencial part (but it uses tangle instead of blockchain). Blockchain is probably gkkd solution ks the larties does not trust each other and there are many parties (that's why the blockchain is trustless solution).
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Sorry the Ripplenis XRP, the Stellar Lumen is XLM
What problems are any of these solving? I didn’t find an answer in your reply.
I won’t say ‘bitcoin fixes this’ to everything but I believe it can one day solve everything that needs fixing requiring a Blockchain.
Killer app for Blockchain is bitcoin and anything that warrants a Blockchain can be developed on bitcoin.
Why would you look anywhere else?
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