What are the blockchain assets with real applications?

A few days ago at an industry event, I listened to a speech by the head of a trading platform. He said that the XX coin on their platform is a blockchain asset with real applications. Its application is that it can be directly used for consumption in certain bars in Houhai.

I burst out laughing when I heard this. The person in charge of a trading platform was almost taking off his pants in public to stand up for the trading products related to the platform's interests. He also made a low-level joke that "you can consume in Houhai Bar" is the application of blockchain assets. As a colleague sitting in the audience, my heart was filled with excitement. You naturally know what horses are like!

The old cat suddenly thought of a way to make money. He just needed to issue a Fat Cat Coin, and then make an agreement with Uncle Wang from the store in the next village and Zhao Xiaoya, the owner of the foot washing shop at the entrance of the village, that all people who gave Fat Cat Coins would be accepted, each worth one yuan, and they would be returned to me. When I received them, I would give you one yuan and two cents for each one. Uncle Wang agreed immediately, and Xiaoya excitedly pulled my paw and praised me as a good person.

How could they know that with this particularly fashionable blockchain application, Fat Cat Coin can be packaged and put online on a certain platform for trading. Although I have to subsidize Uncle Wang and Xiaoya Zhao by hundreds of yuan every year, I have issued 50 million Fat Cat Coins at a price of 0.5 yuan, and I promised that I could use them at Uncle Wang’s store and Xiaoya Zhao’s foot massage shop. Who dares to say that my thing is not valuable? Each one can be used as one yuan. It’s really conscientious. I have real applications!

Once you get on the trading platform, there will be leeks coming to buy and speculate for fun. If you are lucky, you can catch a wave of stupid dealers to make a move. If you can find a "market maker" to buy high and sell low in the market, it will be difficult for the old cat not to get rich, hahahaha...

"Wake up! What are you so happy about?" a voice came from the side.
"I'm thinking about the application of blockchain assets," I rubbed my sleepy eyes.
"Then tell me, what is application?" It was a beautiful woman who asked me.
"Do you really want to listen? It's very boring."
"I want to listen, but I have to keep it simple."
"Then I'll try, but I'm more used to answering questions. How about you ask me and I answer?"
"I just have a few questions, can you answer them for me?"
"Since you woke me up, I will answer you as much as I can!"

“Is Bitcoin a blockchain asset with applications?”

"Yes, Bitcoin itself is a kind of blockchain asset, and its current application is very extensive. Since Bitcoin itself is positioned as a peer-to-peer cash system, its monetary characteristics such as payment, transaction, and transfer are its very valuable applications. Why is this application valuable? Because Bitcoin can solve problems that legal currency cannot solve, such as efficient cross-border remittances and payments without going through the banking system."

“If we issue another coin, can we also use payment as an application?”

“It makes no sense. Bitcoin has perfectly solved the problems that legal tender cannot solve. Moreover, with the development in the past few years, it already has a large number of users. Re-issuing a new coin for use in payment, trading, and transfer is not only reinventing the wheel, but also inventing a broken wheel that no one wants to use. I don’t believe that copying Bitcoin can surpass the actual value of Bitcoin. Therefore, other coins that are mainly used for payment are actually meaningless and cannot form real large-scale applications.”

“What characteristics should a blockchain asset with real applications have?”

“Except for Bitcoin, which is a currency system directly connected to the real world, all other blockchain applications must first be able to truly solve a problem in the real world. Moreover, this solution must be more economical and efficient than traditional non-blockchain methods. Only when such applications consume blockchain assets during actual use can they be called applied blockchain assets. Another possibility is that they can serve as proof of rights and interests that truly correspond to real assets and have real rights and interests, which can also become a characteristic of applied blockchain assets.”

“Can you give some examples of blockchain assets that actually have applications?”

“Of course you can. For example, FACTOM uses blockchain to solve the proof of existence problem. The FCT consumed in this process is a blockchain asset that has real applications.”
“In addition, I have noticed some decentralized cloud storage tools. In the current context where various cloud storage services are shut down by the government, they also have great commercial potential. The assets consumed by such applications are obviously valuable.”
"Also, the dividend coin of Babbitt Forum is 8CS. The amount of dividends is directly related to the income of Babbitt Forum. This is a blockchain asset with equity-like characteristics. It is an application that truly connects with real-world income. This is undoubtedly a real blockchain asset. Its application is the transferability of dividend rights."

“Are blockchain assets with applications definitely worth investing in?”

"Of course not. Having an application is one problem, and whether the application can succeed is another. BitShares (BTS) is a very good application from its original concept. Decentralized exchanges, anchored currencies, asset issuance and management are all very valuable. However, due to problems with the development team and managers themselves, most people who invest in this product fail. Therefore, no matter how good the concept is, it needs to be polished in reality. Whether it is worth investing is something that only the market can answer!"

“Can you recommend some blockchain assets I can invest in?”

“Investment has always been a personal matter. If I know exactly what to invest in to make money, then I am either a god or a banker. Unfortunately, I am neither. The only thing I can do is to fully investigate the team background of all the products I intend to invest in, and even the background of everyone in the development team. Then, I will make some assessments based on the market conditions and then make a combined investment. This may be the only way I can do it. You may be able to learn from my approach.”

The event ended, and the conversation ended. The question is, who was that beautiful lady just now? Why didn’t I scan WeChat or something?