Utility is the crypto Holy Grail says Mark Cuban
Utility is the crypto Holy Grail says Mark Cuban
- The billion-dollar investor Mark Cuban has claimed usefulness as the most important part of every crypto project.
- He also defended Dogecoin and said that it was "good to spend".
Mark Cuban, the legendary billionaire of Shark Tank, has once again spoken out for crypto. He dealt with projects with usefulness and one of his preferred digital currencies - Dogecoin (Doge).
In a tweet on Tuesday, the owner of the Dallas Mavericks said that applications for crypto projects were the most important thing in investments. Here he gave examples of smart contracts, Validators and Daos (Decentralized Autonomous Organizations). "The token trade is the least important part of crypto," he added.
The possibility of founding companies on decentralized platforms, the smart contracts, validators, daos and more use, creates a unique opportunity to bid more efficient business processes and revolutionize industries.
crypto utility creates value-Cuban
His tweet was created in response to a tweet in which crypto was criticized as worthless currencies and companies were praised to create "stuff" and to give the economy an added value.
"Crypto is simply the exchange of currencies and the hope that someone else will pay more for this currency later.
in conversation with CNBCS Make it, cuban echoed: Always look for the benefit, there is value, "said beforehand," Intelligent contracts can change the world. This is not the first time that the crypto and blockchain investor emphasizes applications as the most important aspect of crypto projects. When Ethereum marked a new record high of $ 4,634 in November 2021, Kuban expressed his support in it and said it was characterized by its benefits. He even described himself as a "Ethereum Maxi" and said that the network has a smart contact functionality and was the most frequently used blockchain. In February, he praised ETH as a better value reservation as Bitcoin. related : Ethereum: billionaire Mark Cuban invested in NFT marketplace MINTable in a previous tweet also on Tuesday the Cuban like Tesla-CEO Elon Musk pointed out the supremacy of Doge in comparison to other cryptocurrencies. This happened after a short Twitter crypto battle with the entrepreneur based in Pennsylvania and Podcaster Preston Pysh. The podcaster pointed out that Dow's, despite the positive assessment of Kuban, has dropped by 80.24 percent compared to his all -time high in May. Dogecoin co-founder Billy Markus confirmed the attitude of the Cuban and said wrong representations of opinions were annoying. already in October Pysh questioned the Docolo engagement of Cuba compared to Bitcoin that of Bitcoin. Cuban confirmed his preference in relation to the crypto asset and said that he would continue to talk about the setback of Bitcoin Maximalists. now convicted Kubaner in his latest tweet Bitcoin and said that it would be "never" an inflation protection. And although he has part of the assets, he believes that the words "inflation hedge" are nothing more than a marketing slogan developed by Bitcoin and gold supporters. Dogecoin is best to output
Source: Crypto-news-flash.com
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