RE:RE:RE:RE:RE:RE:RE:RE:RE:What's Next For Aimia/Aeroplan? Maybe This!So...is your strategy with Aimia/Aeroplan to join the top 5% of cryptos...and position "AeroCoin" (BTW...good name!) as a Blue Chip cryptocurrency offering...that major investors...including OMERS...are looking for?
Or,
Is your strategy with Aimia/Aeroplan to aim (yes...pun) for the bottom?
Business is not like the NHL where if you finish last, you have a better chance of getting a top draft pick. In business...you finish last...you have joined the business junk yard.
Sony's Betamax was actually a better technology than VHS. Sony's Betamax lost out to VHS because of poor business strategy...famous business school case.
Many of the other examples you provided are examples of poor business strategy or poor business implementation...or both.
drphunk wrote: So you send me a link to crypto valuations. What does that prove? Will this hypothetical "AeroCoin" have a valuation of hundreds of billions like the top coins, or will it fit into the worthless end of the spectrum.
I've chewed on it, and here's what I'm spitting back at you:
The cumulative market cap for all 913 coins is just under $300 Billion. The top 5 coins account for 84% of that. The top 10 91%, the top 50 98.6%. This means that the vast majority of crypto currencies, just under 95% of the ones you provided, are worth less than 1.5% of the total crypto market.
Over half (561) of these have a market cap >$1MM, and 191 of them aren't even worth anything according to this.
To put it another way, this market is so top heavy that the majority of coins are worthless, or close to it. What differentiates a new entrant into this market? Why would the next ICO result in a crypto that is worth anything?
I'm not saying that crypto is a flash in the pan, or won't grow in importance, I'm saying it would be a short sighted business decision for a company like Aimia to try and jump on board. You are absolutely right that companies like Sears and Blockbuster didn't evolve with the time, but history is also littered with examples of innovations that didn't work out (the zeppelin, laser disc, betamax, Segway, the Microsoft Zune etc...). Sometimes it's worthwhile to tread carefully