BTC

Bitcoin

Price Range Q2 2022: $45,000

Pitch: End the Federal Reserve and bring a “digital old standard” money to the globe, which is outside the reach of governments. Bitcoin is the crypto that started it all

Utility: Invented by an anonymous programmer in response to the financial collapse of 2008, Bitcoin can end the debt-based society we live under, and return to world to new “digital gold standard”, this one backed by immutable programming code instead of physical gold metal, the way the old gold standard was

Most people are unaware that the United States dollar is created not by the government, but by a private banking cartel called the Federal Reserve, owned by shadowy elites and accountable to no one. Bitcoin is completely transparent, in contrast, and can put an end to the fiat structure which caused 2008 to happen

The average American owns relatively little free and clear under their own control. The banks own their house, their car, their furniture, even the cell phone they carry in their pocket. All these things are constantly being paid off, constantly being replaced, constantly accruing more debt, keeping everyone running on the hamster wheel of debt slavery

Under Bitcoin, the people own their own property, and the cycle of debt winds down and ceases. People can get out of the rat race and pursue more fulfilling endeavors, free of mortgage payments and endless debt

Pros: with a set limit of 21 million Bitcoins ever to exist, Bitcoin is deflationary in nature, in contrast to the Federal Reserve dollars of today, which are created out of thin air all the time, which causes inflation. This is why Bitcoin’s value consistently increases relative to the US dollar, because Bitcoin’s supply stays the same, while the supply of US Dollars increases exponentially. It’s just supply and demand; and because of this, prices for goods and services go down under Bitcoin, not up!

Cons: Bitcoin can only process a few transactions at a time. In order to fully replace the dollar, Bitcoin must rely on “off chain” fixes such as the Lightning Network to process enough transactions to replace the dollar. Limitations in the Lightning Network open the possibility of creating a new class of “Bitcoin elites” who control it, which is hardly any better than the elites who control the Federal Reserve. Bitcoin mining also uses up almost 1% of the Earth’s electricity, which makes the network very secure, but which is a big issue. The EU is considering banning Bitcoin because of this issue (or at least attempting to!)

Coin or Token: Coin

BCH

Bitcoin Cash

Price Range Q2 2022: $45,000

Pitch: A version of Bitcoin which can scale up all by itself, without the Lightning Network and all of it’s problems

Utility: Bitcoin itself cannot process enough transactions to replace the dollar without using the Lightning Network. Many Bitcoin programmers disagreed with using the Lightning Network, believing (correctly), that is was too insecure, too prone to centralized control, and too prone to error. They broke away and created a separate version of Bitcoin, called Bitcoin Cash. It is capable of processing enough transactions to replace the dollar by itself, without using Lightning

Pros: Bitcoin Cash avoids the problem of “custody” and “security” which are big issues for Lightning. The Lightning Network can only really operate by using custodians, or companies, to operate. This opens the door for banks and corrupt governments to shut down Lightning, or for the custodians to become “the new banks”, like the Federal Reserve. In addition, Lightning is not as secure as Bitcoin, and funds can be lost or misdirected because the transactions are no longer recorded in Bitcoin’s global transaction log

Bitcoin Cash has neither of these issues because it does not use Lightning

Cons: In order to get away from Lightning, Bitcoin Cash had to make a very big trade-off. It requires centralized nodes, or very expensive computers, in order to operate effectively. This means it has lost decentralization, the main benefit t of Bitcoin. This means it is much easier for governments to shut down Bitcoin Cash than it is for them to shut down Bitcoin

Coin or Token: Coin

B.A.T

Basic Attention Token

Price Range Q2 2022: $0.80

Pitch: bring privacy back to the Internet

Utility: B.A.T could replace intrusive Google and Facebook/Meta ads which snoop the Internet and wipe out privacy

B.A.T is a way to bring privacy back to the Internet, and break the Google/Facebook monopoly on Internet ads in the Metaverse

Pros: Truly Revolutionary ad concept, high upside potential. Each privacy scandal regarding Google and Facebook is one more driver for change in web3 ads

Cons: Only supported by one browser. Chrome will probably never support it, but Firefox, Edge, and Safari could easily

Coin or Token: Token

GRT

The Graph

Price Range as of Q2 2022: $0.40

Pitch: Chainlink for Blockchains

Utility: The Graph allows proper querying of smart contract data

Data that can’t be properly queried, can’t be used

Pros: Currently, bulk data querying on smart contracts is not feasible, because the data isn’t just in a database where it can be easily used.  Instead it’s scattered all over the place, like a drawer full of papers without a file cabinet. Without a file cabinet, you need to go through each paper one by one to find what you need every time (Doesn’t work too well!)

The Graph is the “file cabinet” for web3. Without it, many smart contracts will be unable to function

Cons: Centralized data data structures could easily compete with The Graph if the price goes too high, which would cause the governance structure to inflate the supply to keep prices low. The Graph will likely never “moon” for this reason

Coin or Token: Token

MKR

MakerDAO

Price Range as of Q2 2022: $2,000

Pitch:  MakerDao is the best stablecoin around, collateralized by everything from crypto to real estate

Utility:  MakerDAO is a smart contract on Etherium which creates Dai, which is a “stablecoin”, a cryptocurrency with a set value of $1.  Traders use these stablecoins to avoid fees on exchanges

Pros:  Dai is backed by all the collateral held in MakerDAO.   MKR allows users to own part of that collateral, which is 100% transparent (unlike Tether, the competition in stablecoins!)  MakerDAO also has a “shutoff valve” if it gets hacked, returning collateral to MKR holders

Cons:  DAOs get hacked all the time.  MakerDAO is vulnerable to someone buying too much MKR to manipulate the price

Coin or Token: Token

YFI

Yearn Finance

Current Price as of Q2 2022: $22,000

Pitch: a stablecoin loan service with very high yields

Utility:  with extreme ease of use, Yearn allows anyone to place any major stablecoin in “ytokens”, which are then loaned out to others to trade with.  Yearn Finance owners then keep the fees while others trade

Pros: extreme ease of use, extremely high yields for users.  No pre-mine is an exceptional anti-fraud feature

Cons:  high risks and volatility for traders.  Highly experimental in finance.  Relies on multiple aggregator services to function effectively

MANA

Decentraland

Price as of Q2 2022: $2.50

Pitch: Second Life reached Half a Billion Dollars
World of Warcraft made 9 Billion Dollars

Decentraland could be much, much bigger than both

Utility: web3 and virtual reality is coming fast. The big question is, who will be in control of them? Zuckerberg is making big moves to become King of the Metaverse.  What a dystopia!
What if you want to avoid the Facebook version of Metaverase, where your privacy is erased?  What if you want a virtual reality where the people make the rules, not Big Tech overlords?
Decentraland is the way to save web3 from the likes of King Zuck

Pros: the metaverse is under sustained attack from Big Tech, and it has not even been born. Any hope of freedom will totally rely on cryptos like Decentraland

Cons: Ethereum could eventually eject Decentraland if it causes too much throughput and clogs up more than one ETH shard, forcing it to move to another chain, which would be complex and could cause a price drop. Other metaverse projects like SAND are also in stiff competition with Decentraland

COMP

Compound

Price as of Q2 2022: $150

Pitch: In a world of fast paced trading, traders need access to many crypto assets instantly to complete swing trades. COMP allows instant swap-loans

Utility: When most people think of loans, they think of a “debt-based loan”. You buy somethin with a credit card, you get it for free, then accumulate debt. Buy now, pay later

Crypto is about getting rid of debt culture, so there is no uncollateralized debt here, as there is no way to collect from borrowers (anyone could just vanish into Internet with the funds, no “credit score” here!). So, when you make a crypto loan, you are doing a “collateralized loan” something more like a “pawn shop” style loan.  There is never any debt accrued

For example, you offer one type of crypto as collateral, 1 Bitcoin. In exchange for this “crypto collateral”, you are then granted a different type of crypto you want to trade with, for example 50,0000 stablecoins such as DAI, for a certain amount of time (minus interest!)

Then you take your DAI and make your trade

If you give back the DAI, and “pay back your loan” you get your 1 Bitcoin in crypto collateral back.  If you do not give the DAI you borrowed back, the borrower keeps your initial collateral (plus interest!)

COMP facilitates all this loaning and trading of cryptos

Lenders offer their crypto out, and earn interest on the loans

Borrowers have access to all the different cryptos they want to trade with at a whim, with much lower wait times and fees than on an exchange, allowing for automated swing trading which can be very lucrative

Pros: DeFi gives access to a whole new world of trading, and has made millionares overnight. This is a staple of the new financial universe cryptos have brought into existence. A trading bot can make millions in passive income swing trading on cryptos

Cons: critics point out that DeFi trading is just “a casino, where the house always wins” (meaning COMP always wins, by charging interest on loans no matter who wins or loses on the trades). Owning COMP is like owning shares in the casino, without actually playing in the casino. If DeFi is just a stock stock market without any companies, what real value does it provide?

LPT

LivePeer

Price Range as of Q2 2022: $25

Pitch: A better YouTube

Utility:  YouTube has become a virtual monopoly, and has begun enforcing onerous content policies and bizarre rules, simply because it has become “too big to fail”

Decentralized video platforms like LivePeer can present a better model

Pros:  makes it easy to find replacements for YouTube streaming, and gets away from YouTube’s rules.  Can be a drop-in replacement for big names who want o get away from YouTube

Cons: Other video streaming blockchains with corporate backing and similar models are coming up fast

Coin or Token:  Token

UNI

UniSwap

Price as of Q2 2022: $10

Pitch: an easier, cheaper, permissionless way to swap one crypto for another

Utility: conventional exchanges are too slow for automated trading bots to use, and have many regulations attached

Using a DEX such as UniSwap, bots or traders in a country without an exchange (or in a country where crypto faces severe restrictions, such as Iran, Russia, Canada, or China) can freely swap cryptos to each other for a very small fee

Those fees end up in the hands of those who provide liquidity (cryptos) to the market in order to swap

Pros:  Anyone can trade cryptos without using a centralized exchange. This allows anyone, anywhere, to trade crypto even if corrupt governments have banned exchanges and access to crypto. UniSwap is also as DAO, which means it is very difficult to run a scam or “rug pull”, as there is no company or dev group pulling the strings. Because liquidity volume is always constant, there is also less risk of substantive asset loss during hacking, as so much liquidity is moving rather than being stored

Cons: UniSwap has taken cultural stances which some users object to. This means other DEXs (decentralized exchanges) can get more market share if some users are turned away by these stances. Many other big DEXes have taken similar stances, so competition could heat up in the DEX space to favor a culturally neutral DEX