*DISCLAIMER* - This post is just for fun. It is not meant to be considered accurate information. I own some Ravencoin so this may be biased despite my best efforts to be as objective as possible. Everything contained within this post is my own opinion and should not be treated otherwise, do your own research!
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Welcome, frens.
Due to the lack of price data on RVNs chart both Bittrex and Binance and even CMC, this post will be more about the conceptual/fundamental bullish and bearish arguments for the future of RVN. For those who are not familiar with Ravencoin, in the shortest manner possible, it is a open source protocol that specializes in the creation, management and transfer of assets. For full details check out their website which you can find through the link on their coinmarketcap page.
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Looking at the chart
We are sitting in a pretty large demand zone with two below us also, I expect the lower one to be tapped. I have set orders accordingly.
There is not much else to say with regards to price as RVN is still a very young project. Will do a future update when enough data is available.
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WHY AM I BULLISH ON RVN?
Community // First and foremost, Ravencoins community was it's main selling point for me. I am going on 3 years in this space and I have never encountered a community as strong, helpful and engaged as Ravencoins. Usually after launch the community is highly active and then slowly dies about. Ravencoin community did the opposite, it went from strength to strength.. so shout out to anyone from the community if you are reading, keep doing your thing.
Decentralization // Ravencoin is a POW network (proof of work) that uses the X16R hashing algorithm, I am not going to go into detail about this but in essence, the X16R algo chooses 1 of 16 different algos for any given block and the order in which they are chosen is changed each block (for full details see their website). It had a fair, public launch. No ICO. No premine. No founders tax.
Ease of use // Has a great desktop wallet with a mobile wallet in development. The asset creation is seamless and costs only 500 RVN to create. I encourage everyone to download their wallet and create an asset themselves.
Assets have broad use case // The assets one can create on RVN network can be used for anything, really you are only limited by your imagination for this. This is covered pretty well in Ravencoins whitepaper so here is a quote from it directly;
"Uses for AssetsAssets or tokens can be used for anything the creator’s imagination can conjure. The ideas presented here are a sampling. Representing real world custodied physical or digital assets to tokens;
-Gold bars
-Silver coins
-Physical Euros
-Land Deeds
-DC Comics Presents #26
-Energy credits (Electricity, Wood, Gas, Oil, Wind)
Representing a share of a project;
-Securities tokens: stock or shares of a company where the shares are represented by a token rather than a physical stock certificate
-Securities or partnership interests with the built-in ability to pay dividends in RVN (legal in many free market countries)
-Tokens which represent a coop, limited partnership, royalty sharing or profit sharing platform
-A token which represents a crowd-funded item with the ability to transfer or resell the item Representing virtual goods
-Tickets to an event such as a Baltimore Ravens game with the ability to resell
-A license to allow an activity
-An access token to use a service
-In-game currency and items, transferable outside of the game platform
Representing a credit;
-Gift cards
-Airline miles
-Reward points"
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WHY AM I BEARISH ON RVN?
ETH // As with any asset oriented platform, ETH is the dominant leader in this regard. There is absolutely no reason why ETH cannot do everything RVN can do and more. Plain and simple. To add to this ANT (Aragon), is building an all in one DAO dApp on ETH for just this purpose that will include most if not all features of RVN.
Regulation // Both existing and new securities and are more likely to favour a platform with KYC and address freezing built in on the protocol level. That being said it is possible that RVN could be favoured by DAO's.
Scaling // An issue with most coins but in particular those with the ability to create assets on top.
Leadership // Decentralized projects still need leaders, and right now Ravencoin lacks leadership. While Bruce & Tron and the rest of the community have done a wonderful job so far, the project does indeed need a 'face'. I know some people may hate on this fact but this is true within the human species, we are pack animals, a decentralized project is no different.
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To summarize, Ravencoin is a brilliant project with a great community and it comes from where the original ethos of the space were founded upon, decentralization and censorship resistance. It is one of the few projects that I truly believe in and I think the community has enough will power and commitment within to keep it alive for years to come. It goes without saying that it has some bumps in the road ahead, but likely we won't need the road because.... Ravens FLY! KAWWW!!!
Peace.
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Welcome, frens.
Due to the lack of price data on RVNs chart both Bittrex and Binance and even CMC, this post will be more about the conceptual/fundamental bullish and bearish arguments for the future of RVN. For those who are not familiar with Ravencoin, in the shortest manner possible, it is a open source protocol that specializes in the creation, management and transfer of assets. For full details check out their website which you can find through the link on their coinmarketcap page.
--------------------------------------------------------------------------------------------------------------------------------------------------------------
Looking at the chart
We are sitting in a pretty large demand zone with two below us also, I expect the lower one to be tapped. I have set orders accordingly.
There is not much else to say with regards to price as RVN is still a very young project. Will do a future update when enough data is available.
--------------------------------------------------------------------------------------------------------------------------------------------------------------
WHY AM I BULLISH ON RVN?
Community // First and foremost, Ravencoins community was it's main selling point for me. I am going on 3 years in this space and I have never encountered a community as strong, helpful and engaged as Ravencoins. Usually after launch the community is highly active and then slowly dies about. Ravencoin community did the opposite, it went from strength to strength.. so shout out to anyone from the community if you are reading, keep doing your thing.
Decentralization // Ravencoin is a POW network (proof of work) that uses the X16R hashing algorithm, I am not going to go into detail about this but in essence, the X16R algo chooses 1 of 16 different algos for any given block and the order in which they are chosen is changed each block (for full details see their website). It had a fair, public launch. No ICO. No premine. No founders tax.
Ease of use // Has a great desktop wallet with a mobile wallet in development. The asset creation is seamless and costs only 500 RVN to create. I encourage everyone to download their wallet and create an asset themselves.
Assets have broad use case // The assets one can create on RVN network can be used for anything, really you are only limited by your imagination for this. This is covered pretty well in Ravencoins whitepaper so here is a quote from it directly;
"Uses for AssetsAssets or tokens can be used for anything the creator’s imagination can conjure. The ideas presented here are a sampling. Representing real world custodied physical or digital assets to tokens;
-Gold bars
-Silver coins
-Physical Euros
-Land Deeds
-DC Comics Presents #26
-Energy credits (Electricity, Wood, Gas, Oil, Wind)
Representing a share of a project;
-Securities tokens: stock or shares of a company where the shares are represented by a token rather than a physical stock certificate
-Securities or partnership interests with the built-in ability to pay dividends in RVN (legal in many free market countries)
-Tokens which represent a coop, limited partnership, royalty sharing or profit sharing platform
-A token which represents a crowd-funded item with the ability to transfer or resell the item Representing virtual goods
-Tickets to an event such as a Baltimore Ravens game with the ability to resell
-A license to allow an activity
-An access token to use a service
-In-game currency and items, transferable outside of the game platform
Representing a credit;
-Gift cards
-Airline miles
-Reward points"
--------------------------------------------------------------------------------------------------------------------------------------------------------------
WHY AM I BEARISH ON RVN?
ETH // As with any asset oriented platform, ETH is the dominant leader in this regard. There is absolutely no reason why ETH cannot do everything RVN can do and more. Plain and simple. To add to this ANT (Aragon), is building an all in one DAO dApp on ETH for just this purpose that will include most if not all features of RVN.
Regulation // Both existing and new securities and are more likely to favour a platform with KYC and address freezing built in on the protocol level. That being said it is possible that RVN could be favoured by DAO's.
Scaling // An issue with most coins but in particular those with the ability to create assets on top.
Leadership // Decentralized projects still need leaders, and right now Ravencoin lacks leadership. While Bruce & Tron and the rest of the community have done a wonderful job so far, the project does indeed need a 'face'. I know some people may hate on this fact but this is true within the human species, we are pack animals, a decentralized project is no different.
--------------------------------------------------------------------------------------------------------------------------------------------------------------
To summarize, Ravencoin is a brilliant project with a great community and it comes from where the original ethos of the space were founded upon, decentralization and censorship resistance. It is one of the few projects that I truly believe in and I think the community has enough will power and commitment within to keep it alive for years to come. It goes without saying that it has some bumps in the road ahead, but likely we won't need the road because.... Ravens FLY! KAWWW!!!
Peace.