The Current Ecosystem
There’s been a spate of Initial Coin Offerings recently and with Bitcoin and most alt coins either moving sideways or just barely recovering from the recent dip, it seems ICO’s are once again where it’s at. However, all this attention on the easy profitability of ICO’s has attracted a lot of scummy characters to the cryptospace. Just in the last month, several ICO scams have been uncovered by diligent investors, but too often not in time to save the few already taken in by promises of riches.
Let’s be frank. This money is, for the most part, so-called dumb money, but it’s still sad for everyone caught up in these scams. I won’t claim to be any sort of investigative journalist or even a particularly diligent investor, but it seems to me ICO’s have become a bit of a three-horned beast these days: It’s either a) a tech startup looking for the funds they didn’t get from a VC, b) a complete scam, or c) an actual legitimate business idea with at least a partially working product on the blockchain.
Keeping the three-horned nature of ICO’s in mind, the first thing you should ask yourself before investing in a new blockchain project is this: Does this project make sense on the blockchain? If it’s a no, you’ve already weeded out the startups who’ve pivoted to blockchain to get a piece of the crypto pie. If it’s a yes, well, that still leaves the legitimate blockchain startup and the scammers… So how to tell them apart?
Usually, it’s very simple: Read the white paper and check out the product. Most scammers are by nature lazy, otherwise they’d have jobs like the rest of us or, better yet, think of it like this: If the scam requires a fully functional product and a decent white paper, why not just launch the project the correct way and earn your millions legally, right?
Exactly. By examining the work already put in, the intentions of the team involved become clearer. If you make this your rule of thumb, you’ll be impervious to most bad ICO’s. Of course, nobody can time the market, but I’m guessing we all think it’s better to lose money while playing rather than being pick-pocketed at the table.
Example: The Current Ecosystem
I’d now like to introduce an example blockchain project hiding behind the slightly odd name of Current, which I think has the potential to disrupt the more traditional disrupters.
Let’s get this out of the way first: The Current name seems coined from the secondary meaning of the word. Rather than being a synonym for customary, in vogue or, God forbid, belonging to the time actually passing, Current here is the passing from one to another, like the circulating of two pennies spent at the local shop or the running and flowing of a river, be it water or electricity.
So, with the above described ICO environment in mind, the Current ICO seems a good bet: Apps already developed and deployed, white papers written, business decks laid out and even better, the idea is simple and it’s a perfect fit for the decentralised nature of blockchains, because Current is above all an ecosystem for popular media content delivery.
Current, like a good Negroni, is made up of exactly three parts: Platform, protocol and token. The Current platform consolidates the best content from a variety of sources and records user contributions on the blockchain, then Current protocol takes over and utilises the Current token to reward users for their contributions. Simple.
This three-pronged approach is no match for the dangers of the three-horned beast. Current combines online streaming services and reduce single-user subscription costs by decentralising the whole affair and opens this market up for not just transparent on-platform advertising, but also adds the possibility of rewarding users for premium streaming platforms they already consume.
Current is taking an established digital industry, streaming, and applying a fin-tech approach to the financial side, where the digital streaming industry is still locked in the past. By doing so, they’re giving more power to the users with better choices and better recommendations and at the same time funnelling a larger percentage of revenue to the content creators.
Visit Current’s website at https://current.us/
Announcement here https://bitcointalk.org/index.php?topic=2829644.0
Read the whitepaper at https://cdn.current.us/whitepaper.pdf
Get the Current onepager at https://cdn.current.us/onepager.pdf
Bounty hunters unite at https://bitcointalk.org/index.php?topic=2831598.0
Join the conversation at https://t.me/CurrentCRNC
And my bitcointalk profile https://bitcointalk.org/index.php?action=profile;u=1297831http://catsfaucet.su/reviews/the-current-ecosystem.htmlhttp://catsfaucet.su/wp-content/uploads/2018/02/1_Xxrhf1DacWAZ91wqRyFl1Q-1024x517.jpeghttp://catsfaucet.su/wp-content/uploads/2018/02/1_Xxrhf1DacWAZ91wqRyFl1Q-150x150.jpegReviewsForeword There’s been a spate of Initial Coin Offerings recently and with Bitcoin and most alt coins either moving sideways or just barely recovering from the recent dip, it seems ICO’s are once again where it’s at. However, all this attention on the easy profitability of ICO’s has attracted a...catsfaucet email@example.comAdministratorCats Faucet • Free Coin News