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Review on Mithril by Kiara Tovell
Mithril looks promising as an overall solution. I would be keen to see a demo…
Mithril looks promising as an overall solution. I would be keen to see a demo or a beta release to see how far they have gotten. Typically when I evaluate cryptocurrency projects my bar is set fairly low for first steps. With as little as 60% of projects failing to estimates as high 80%, I first ask myself is this a scam? With the advisors they have onboard and the fact they only did a private sale, my only concern comes down to strategy and execution. I wish Mithril the best of luck since I think content and social networking is a ripe area for blockchain and token economic innovation.
Pros
- Mithril (MITH) will leverage blockchain technology to ensure that transactions are secure and safe for all participants. Social Mining is less susceptible to promotion scores, similar to how Steemit content can be over promoted with users with high levels of Steem Power. Real world payment at brick-and-mortar Enabling access to newer, youthful demographic for merchants
Cons
- Stiff competition from incumbents (Facebook, Instagram, Snapchat) Detailed revenue model outside of Mithril valuation. I cover the dangers of having token value as the only business model of a utility network.
