Cryptocurrency Designs: 10 ways most are likely to fail!

10 Ways Most Cryptocurrency Designs Will Fail

Cryptocurrency designs are not easy to create. I caught up with David Atkinson from Holochain for a 2 part discussion why many cryptocurrency designs are flawed and will likely fail. What we uncovered in our discussion was a huge range of topics which David documented in this image here:

cryptocurrency designs
Cryptocurrency design and why they fail

What we learned from our discussion was how many factors play into determining utility vs security of a cryptocurrency design. We also delve into why so many companies misunderstand their own token designs and why their own behaviours are often getting in the way of their primary focus…to run their business.

Too often we have seen that either the cryptocurrency designs are being used for the purpose of just having a coin or are being used in ways that are not legal. Projects make coins that issue dividends or have promises of guaranteed returns. Other projects are so over focused on the coin value that they lose sight of why they have created their project in the first place! So we look at these factors and have a nice intellectual debate on these points. We flush our a lot of details and try to help project understand where they might fail. Our aim is to help people consider their own cryptocurrency designs with the hope that they can make them great and sustainable and compliant as well!

 

To learn more about The Coin Chat, check us out over on our YouTube: www.youtube.com/c/thecoinchat

Want to make money trading but don’t know how? We have our own private trading group where we let people follow our trades, and provide chart, technical and fundamental inputs so you know what you need to know to grow your coins! You can email us at thecoinchatpodcast@gmail.com to get all the details, or check our our trade analysis quick videos on our Youtube show where you can find out how to get started right away!

 

You can check out some of our other great content in our blogs here: https://thecoinchat.net/blogs

Check out our Youtube Interview with David Atkinson here: https://youtu.be/TMIR5sy4n1c

 

 

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