/biz/ - Business & Finance

Defined as coins that inspire the imagination and make minds go wild:

>The castle-in-the-air theory delves deep into another aspect of investing behaviour - it tries to unravel and understand the psychic values and behaviour of the group of investors. This theory was made popular in 1936 by John Maynard Keynes, a famous economist (as also an investor) and the theory postulates that the investors try to build a sort of castles in the air and think of the probable price rise in the future than estimating the intrinsic values of stocks.

I would imagine the criteria for cryptocurrencies would be as such:

>Origin: US or Asian (preferably Chinese and Korean)
>Concept: Broad (Platform, Blockchain 3.0, Hashgraph, IoT, etc.)
>Strong presentation (marketing, whitepapers, partnerships, team, website, logo, name, etc. Anything vapid, really)
>Launches on a chain with strong liquidity (only example today would be erc-20)

A bad example would be WYS. A token born out of Europe focused exclusively on "shopping" -- garbage. Of course, it was shilled on /biz/, like most garbage.

So let's cut through the noise: what are some true CITAs? I'll give my first take:

Chia
>based in the US
>created by Bram Cohen, the founder of BitTorrent and suspected creator of Bitcoin
>concept: in a nutshell, Bitcoin without the detrimental environmental effects
>launching on its own chain

My headcannon is that Bram feels immense guilt for contributing to global warming with BTC and is now attempting to rectify this. In any event, once this coin launches, I expect a massive wave of interest as it solves the only true negative caused by PoW.