“Everyone wants to earn a lot of money with the smallest possible input; this could involve high risks.”

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More than a year ago, I wrote a vast number of articles about how I imagine the future of the cryptocurrency market. In of my writings, I explained why I think that Bitcoin (BTC) is determined to be a success in the long run. Those who read my articles remember that I based my reasoning on two things:

  1. Maximum Supply: this is a kind of guarantee that the increase of the demand will cause a rise in prices.
  2. The importance of the…

“The future is in VR games. Anyone who disagrees with this does not understand the value of VR games.”

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The utilization possibilities of blockchain technology are rapidly extending in spite of the technological challenges which are causing serious trouble for the developers. All giant tech companies work on blockchain-based solutions. No one can ignore this fact! Simply put, in the long run, the economic, financial and other systems shall integrate blockchain-based solutions. The only bottleneck is time.

This is exactly the vision that we are building on since the market of VR games is obviously getting stronger in magnitude; similar…


How much is the decentralized approach to crypto really worth if exchanges can exercise central power over trading?”

The ILCOIN Development Team has been emphasizing the importance of the correct and realistic way of interpreting the decentralized approach. The general perception that codes — fully open-source codes — are accessible to anyone is obviously right. Therefore, the role of central control is not feasible. However, it is not that simple because the practical utilization of cryptocurrencies is made up of a lot more components than simply the possibility to connect freely to open source.

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I have already explained in my…


Decentralization sounds great as long as the participants do not exercise dominance over each other.”

There have been more and more projects getting launched recently that have a goal to create a decentralized financial system. This concept that we call “decentralized finance” is not equal in itself to the one that most of the projects preach. Decentralization and the associated financial approach have fundamentally been achieved by the creation of Bitcoin and Ethereum. The real question is what will these new projects add to the fundamental, technical developments that many of the worthiest projects have been already possessing for years…


“The form has changed, but the content has remained the same. The goal is still short-term gain…”

Over the past months, we have started to hear more and more about newly launched DeFi projects with an objective to reform our current financial system. Obviously, Bitcoin’s decentralization and Ethereum’s smart contract system, alone, provide the basis for a new type of approach; the advantages and disadvantages of which we have been experiencing for years.

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The new projects, however, are promising way more than that. They promise that without any sort of intermediaries, lawyers, banks and public institutions, a relationship of interest…


The more people that use ILCoin, the stronger its underlying technology will become!”

Over the past years, countless projects have decided to opt for a direction where they aim to develop as many DApps as possible on their own decentralized blockchain system. The importance of these DApps is indispensable, as many users’ needs will only be met this way. Therefore, trading on exchanges only becomes credible if the utilization possibilities of the coin go beyond a simple speculative approach.

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The Decentralized Cloud Blockchain (DCB) is indeed the most crucial objective of the ILCoin Blockchain Project, as the value of ILCoin…


Trading on the exchanges cannot be the ultimate goal of any project…”

The past two years have fundamentally changed the market. Nowadays, newer and newer approaches are emerging regarding decentralization. While some say that block generation is of the utmost importance, others believe that the number of nodes is the absolute justification of decentralization. Still, transparency is unquestionably one of the most significant features of decentralization. Obviously, there are many things people may start arguing about, but it would be extremely difficult to question that data transparency is indeed one of the most critical aspects of the blockchain.

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Of course…


The strength of the community is the most important aspect as trust is the basis of everything…”

The crypto-market has undergone a tremendous change over the past years. We are not in the era of ICO promises, and people no longer make their decisions about projects based on blind faith. Consumers are influenced by much more conscious decisions than they used to be. It is evident that people’s trust in Bitcoin is the strongest, and all the other altcoins — including even Ethereum and Ripple — experienced significant losses last year. I will try to gather the factors that fundamentally…


Creativity is not a solution in every situation; especially if it lacks intelligence…”

Do you remember the archival footage of different attempts at flying where most of them failed? It is evident that aeronautical engineers of that time period failed to take into account or did not completely understand the laws of physics; laws that define the parameters for the construction of an airplane. Unfortunately — or rather, fortunately — in the case of faulty construction of an aircraft, the results showed themselves relatively quickly (Obviously, this statement excludes modern-day plane accidents). Either it could take off, or it couldn’t!

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Cryptocurrency is made up of 90% marketing and only 10% technology. Is this really how it should be?”

Over the past few years, I have had the privilege to experience both sides of the crypto-market. It would be very easy to talk about its advantages, and also, without a doubt, “Satoshi’s legacy” is probably one of the greatest things to have ever happened to the world. The only problem is that real-life practices over the past years suggest that the decentralized approach to cryptocurrency does not necessarily imply that we are headed towards a more righteous world. Unfortunately, the majority…

Norbert Goffa

I have a master degree in Management. I am the Co-founder and Executive Manager of ILCoin Blockchain Project.

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