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Sorry to tell you, but these coins don't have product market fit

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by COINS NEWS 144 Views

I'll start with 2 coins that I dont think have product market fit but people are in denial about it. Let's see if the criticism can be taken.

1) VeChain

If Vechain keeps targeting big established corporations (e.g. Walmart, Louis Vuitton) to offer some supply chain solutions then this would never work. Fundamentally, no company that has thousands of developers maintaining a large interconnected software system with something new and experimental 'blockchain solution'. Even if it was a better solution just the switching costs are killing. Not to mention the politics and the people that would lose their jobs and will do everything in their power to make sure it doesnt happen.

2) Nano

I'm sorry I have to say this but Nano will most certainly fail at this stage. Nano is targeting a market that doesn't exist. It does not matter how fast and free Nano is. The volatility makes it useless. If you want to have it being used as a currency you can't have it being so volatile. And if you want it to be a store of value then it doesnt matter that its fast and feeless. For a currency you need to be able to scale x 1000 (in money size) from here but it cant even get to x 5 because it will never go through the volatility issue. Nano supports will say 'it does one thing and it does it well' and it doesnt care about smart contracts or w/e, but they dont understand that it matters to for it to have the possibility to change. If you cant execute on your main value proposition you have nothing left. You're always going to be stuck in this limbo.

There are more coins that are overhyped/overrated here. Let me know if you want me to criticise those haha..

Edit: If this gets to the frontpage I want to say one thing that has been on my mind for a few years now. This subreddit has became real garbage. I just have to be honest. Most people that comment here seriously have no clue about the projects they invest in. If you compare the Twitter discussions with this subreddit its a complete different world. I don't think any serious VC, degen, trader etc. actually comes to this subreddit for advice. Just even today I'm reading comments again about 'Algorand' lol. From all the projects the pros here at /r/cryptocurrency are talking about Algorand and how genius it is. Literally almost 0 people talk about Algorand on Crypto Twitter. Not saying that its a bad project but from all the projects you could talk about you mention Algorand? No Convex, no Frax, No Layer Zero, no Tokemak. No no... Algorand!

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