Bitcoin Forum

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You can change your vote if a new option is added you would prefer more.  ;D
You can choose up to 30 options. :o

It would need a developer like john-connor :)

It needs innovation..

The problem with most shitcoins today is they lack innovation.. and the ones that are innovative sadly are to complicated for most or swept under the rug.

One notable altcoin is CRE (Credits).. Any BTC user can claim them and its POW that requires coins to be deposited in order to make mining easier.
I would check it out if you are looking for a decent coin to run with in the future.

Honestly though most shitcoins are just wastes of bytes.. very few are worth the BTC people trade them for.

None of the choices in your list matters if there isn't :

- a good coin distribution. For example,  not the top 10 rich list holding 60%++ of the total coinage.

- a great community of do'ers, not just leechers.

Just after these 2 above are checked, then we can go with the elements in your list in order to help. Many coins have a lot of these stuffs in your list but the community and followings isn't proactive enough to use the tools that the devs are proposing. Also, if the top holders of that said altcoin hold a too big proportion of the total coinage, even with good releases and innovations,  the snowball effect will be too small in that oversaturated / overhyped market. we can see many alts that have a top 10 rich list controlling as much as 90% and more.

Good points guys. I will add:

Solid Developers
Innovative Features
Fair Distribution
Supportive and Productive Community

Feel free to change your vote at anytime.  :)

Definitely, and the major innovation I believe will become the next big thing in 5 years time (probably sooner) will be the use of ring signatures and the cryptonote protocol.

Until there is a crypto that can find a way to make a reliable lightning network that can make faster confirmation times, I believe this is were cryptos are going to be heading in the short term future.

Fair Distribution and demurrage.

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I can agree that you can no longer make small tweaks to cryptocurrencies and launch a successful cryptocurrency, to play with the big boys now you need to be innovative or it's not even worth looking at as an investor.

It is interesting to me how close the poll is. Thanks for voting!!

I agree with you completely.

None of the above ..adoption is the only answer.

a currency not used as a currency is NOT a currency.

Oh yeah ?
Show me 1 single successful Altcoin.
hell Bitcoin itself is a failure and that is your measuring stick.

It's crystal clear you are simply pushing a warped view here devoid of context and reality.
A mix of technical features + the infamous "community" retort amounts to fuck all !
There is no so called community for any coin.
They are collections of bag holders.. short or long term.. nothing more.

A good analogy is like buying a CPU and motherboard for a computer
then running around proclaiming it's gonna be big one day.
When anyone with half a brain realizes the tech is DOA on launch and new tech is already coming out.

When a coin comes out that has even the slightest chance of dethroning Bitcoin we will know it.
There will be no debate and no need for topics like this.

And so far we have squat..
Bitcoin has been dying off and fading into obscurity by a world that says it's over.
The only thing the public ever thought of it was that it was a Ponzi scheme token used to buy drugs
that *may make you a profit while it's popular..
And Altcoins ?
A million times less useful.
The values speak loud & clear..
Monero the most popular coin ? = 45 cents.
Bitcoin the failure King ? = $400
/end of story.

What it needs is a killer app to make it easy to use for joe public.

Forget all about the bells and whistles dude, i ll tell you what it must have: NETWORK EFFECT

In my opinion, a successful alternative cryptocurrency is one that has reached the top end of the market cap rankings and has a shot at being wildly successful in the coming years. Cryptocurrencies haven't truly caught on yet you are correct, and no cryptocurrency is truly successful yet, but it would be foolish to dismiss them all simply because of that fact.. change takes time.

It is a poll bra.  ::)

How am I pushing my views on others? Am I putting a gun to their heads and forcing them to vote for this option or that option? An opinion is called an opinion for a reason, everyone is entitled to have their own.

It is my opinion that features and a good community is certainly not enough to make a successful Cryptocurrency... I agree. I think it is a mixture of all of the things listed in the poll that will give Cryptocurrencies value in the future. The unknown part to me, hence the reason for the poll, is how important each option is in the "secret sauce". I refer to the "secret sauce" as being the unknown formula for a Cryptocurrency's success. Everyone obviously has their own opinion as to what factors are important ingredients of the "secret sauce".

That is a horrible analogy... no one invests (or speculates) in CPUs and Motherboards. Those products are not changeable... what you buy is what you get and what it will be forever. Cryprocurrencies are software programs and can be reprogrammed, edited, and completely rewritten. Computer hardware is not traded on the free market, and Cryptocurrencies are not made by huge corporations with the large barriers of entry of computer hardware manufacturing. Cryptocurrencies are not widely adopted yet, on the other hand computer hardware can be found in every home of a 1st world country.

I disagree. I think it is possible for a currently existing Cryptocurrency to dethrone Bitcoin. You and I don't know what will happen in the future but, no matter how unlikely it is, to say it is impossible is idiotic.

This is what happens to commodities traded on open markets.. there are good times and bad times. The market can go up or down and that is completely normal, the price going down means nothing about the future of a Cryptocurrency. The price cannot go up forever for eternity, I am confident the market (both Bitcoin and alternative Cryptocurrencies) will rebound eventually.

Yes, they are still widely uninformed of the benefits of blockchain technology and how it will change the world for the better. Simply because they are currently ignorant to those benefits doesn't mean that they will always be. As I said earlier, change takes time and the industry is still in its infancy.


$400 a coin is a large increase compared to what it was a few years ago. Most older alt coins that are popular have seen big gains as well. You compare their current price to that of their all time highs and call them a failure? Do you even free market bro?

cryptocurrency as in bitcoin is already a successful and it don't need 5 more years. 5 years mean more and more people will adopted it but bitcoin at current stage is already a successful. this thread sound more like the urge to need more scam altcoins and that's all.

"the urge to need more scam altcoins" ... this is simply me trying to gain an understanding of what the alt Cryptocurrency community feels is most important. I am not pushing alt coins or any certain alt coin here. You are apparently not a part of the alt cryptocurrency community, so I guess you can move along...


I am of the belief that Bitcoin's network effect can be broken and that there is no guarantee that it will always be successful in the future. Alt coins are the ones pushing blockchain technology forward, not Bitcoin. Bitcoin is too conservative (for good reason) and the politics in Bitcoin work against its evolution into a second generation cryptocurrency. Pretty much the only thing it has going for it is its network effect, but I feel like this is no guarantee that it will be successful in the future. I wrote the following about Litecoin, but it applies to Bitcoin as well:

read my bold. alt coin is alt coin, it don't matter what the name of this scam alt coin is. you need to make up your mind.
back to the title of this thread, "cryptocurrency to be successful in 5 years time, it must have...", cryptocurrency as in bitcoin is already a successful and it don't need 5 more years.
the title of this thread should be, "for scam alt cryptocurrency to be successful in 5 years time, it must have..."
you must of woke up everyday still in fairy tale land.

You have really low standards as far as what it means for a cryptocurrency to truly be successful. Bitcoin is hardly being used by anybody for any meaningful purpose other than speculation. I guess being a good vehicle for speculation is your definition of being successful...

Furthermore, those that lump all alt cryptocurrencies into one category of "scam alt cryptocurrencies" are ignorant. Sorry, there will not be one cryptocurrency to rule the world. Since Bitcoin and Litecoin are not interested in furthering the development of decentralized technologies, it is up to the alt cryptocurrencies to do so, and they are- rapidly. You better hope that your network effect mantra that the "ride or die" Bitcoiners preach becomes true, because alt cryptocurrencies are developing and improving upon the core technology (Bitcoin) rather quickly.

Uhhm no.. that is called a Ponzi scheme popularity contest rating system with major flaws.

I can go pre-mine a coin then have an ICO and jump to the top of the rank in a heart beat.
then come here and proclaim grand plans.. then wander off with all your money.
which is what happened with every other coin to date /the end

to put it short and sweet.. you are full of shit.

Where is the "It has to BE Bitcoin" option?

I think just about any tech discovery any alt makes can be implimented in BTC if its good enough so BTC will still win..

The only alts I see really being successfull would be maybe DASH or some other anon altcoin that BTC cannot be if it wants to be mainstream due to gov't shiit..

Many coins may still be around in years but I don't see any of them threatening BTC..

I'd like to see you try so I can laugh at your failure. :)

and way to clip out the most important part of my quote... and fail to respond to the rest of my post cause reasons.

This poll is supposed to be coin agnostic. Unfortunately, the debate/conversation is no longer coin agnostic but I would like to at least keep the poll that way. I would prefer it stay on topic, by only talking about the options of the poll and which ones are the most important. However, just like every thread on this subforum it has turned into another this coin versus this coin or bitcoin versus alt coins debate. Such a pity.

I did add network effect and Bitcoin-themed options to the poll (wide merchant adoption, high liquidity, many exchanges, etc..) for those people that feel those are the most important things... I don't get why everyone's flipping out on me as if I'm pushing some alt coin or something- I'm not. I am simply trying to figure out what properties are most important, and what truly gives a cryptocurrency value.

That's a pretty big list, lol.
But it's true tho, you need to have all this to survive that kind of time.

i think it is various in the list but probably the fair distribution is for me the key element

I snipped your quote to avoid the needless post quoting.
People can click on the previous page and see what you said.

Market Cap Rankings are a farce and i know i am the guy who got the asterisks added to coinmarketcap.com
So spare me the snotty commentary about it son.

I also love how successful has been turned into..
Ohh well... a coin is good now if it has a high CoinMarketCap ranking HAHAHA
..and high as high *chance* of adoption once day.. acording to noob bag holders  ::)
If THAT is your criteria then your a fool. /end of story

This list in the OP is the exact reason cryptocurrencies are currently going nowhere. If we define success as some case of mass adoption (in consumer or industrial markets), then we have to think about market applicability. The car doesn't need an extra wheel unless there's a demand for one in some segments. Similarly, focusing on purely technology features in cryptocurrencies is misguiding us. Crypto is a product, first of all.

So in order to be successful in 5 years time, a cc should have market focus as well as knowledge of its segments and potential users. Otherwise, it is still but a technological sandbox or a decentralized R&D center if you wish.

How else would we quantify success at this point? Certainly even you can admit some alt coins have been more successful than others. IE. Most of the hundreds of purely pump and dump coins that only tweaked a couple parameters are on their death beds or dying at this point. Compared to the more innovative alts that have garnered  a large market cap, high liquidity, large and active community, good development, etc.

Although I admit Bit coin and every alt coin is yet to truly be a success, there has to be some way to quantify which ones have been more successful than others. That is what I meant by success, but I'm not going to continue debating semantics with you.

These are some excellent points. There are many successful niche products in the World that are completely sustainable businesses.

It must have good developers, good community. It is not produced just to scam people. Too many scam coins out there.

there is no such thing as a "niche currency"

There is how ever gimmick laden digital pyramid scheme tokens.. i think that is what you're referring to ;)

Fast,secure,fair distribution, web wallet or lite wallet, strong community and buyers in the open market, and of course a good Dev

Oh yeah ?
Seems that has been done already and it accomplished nothing soooo uuhhhhmmmm ?
Is 5 years going to magically take those existing traits and magically convert it into adoption ?

MAGIC !

Play nice, there is no right or wrong answer to this question. No one knows "the secret sauce". Everyone thinks they do, and certainly some people probably do know it. However, we won't find out who those people are, or what the "ingredients" to the "secret sauce" are until 5 years from now. :)

Everyone seems to have at the very least a slightly different opinion. I am attempting to learn what the most important features are.

I will add "have a target market (or fill a niche)" option. I agree this can be a good thing for a cryptocurrency to have. Kind of like GetGems (target market: messaging/mobile) or BitCrystals (target market: trade-able card game) or Dogecoin (target market: Doge community)... etc... I think having a target market is certainly a plus, but I do not think it is all that matters.

Actually there is a right answer and i gave it to you guys on this topic already.
Don't confuse the issue with back peddling with "niche currencies" or other limp wristed gimmicks..
A currency is only defined as such if used large scale.
And the only way to judge that is if it's used by lots of people.

You know most people don't tap dance around playing dumb little games about this issue.
it's not like you need to be a Rocket Doctor.. it's real simple.

What makes a Cryptocurrency to be successful ?
So far we have learned..
that we can change the meaning of successful and currency to suit our sad ass faggy bag holder broken tardlet logic.

Gimme a fuckin' break FODOR's  ::)

Crypto currency must have a lot of sites, which use it - then it can be successful 5 years or more  ;) And also it must have something unique - like multisignature wallets, very fast transaction time etc. 

Nice poll. 

I would also maybe add:
good marketing
smart contracts (I guess that is what you mean by scripting language)
proof of existence
easy APIs
2FA

Bitcoin is 4,000 times more successful than any shit coin.
SO..
It did not have any of those things YOU ALL keep posting.
so....

what about all these crap smart ledger, simple remote control, smart scam etc ect? no more than just useless scam ideas

bitcoin is already perfect as currency/money/cash

if people want all these useless craps they would build around bitcoin and use bitcoin as currency. it dont need to have endles scam coins to achieved any real honest project to better bitcoin cryptocurrency

@benthach
Solid Point !

And the OP said 5 years.. so many of these features could put into BTC in that time frame.
Mean while Altcoins will come and go pumped and dumped by large groups (as ALWAYS)

People are quick to forget around here that the outcome never changes.

A coin comes out it may have some unique or redeemable qualities..
It may have a good dev(s) it may have and i hate saying this it sickens me but "community" (AKA: Greed-Crowd)
BUT
You guys are forgetting one thing !
ALL
..of these so called coins are ruled by the richer guys as soon as they are put on Exchanges (if not sooner)
They -NEED- to target a coin that has a user base of gullible morons who think Monero etc is teh future'z 111
They will then manipulate the markets decimating the value causing a lot of loser noobs with massive losses.
This can be done easily when you have lots of money = Lots of money equals you make the rules.
In other words an uneven playing field..
What will work best too is to co-op a stupid naive dev into coding.
Throw him some peanuts on the side and pushing along to keep working on it..
So the manipulators can continually prop up and collapse the coin ..over & over ..for large profits.
Best of all we have devs who are naive and gullible and seem to play dumb that their coin is manipulated on Exchanges.
And they seem to think their coin will not suffer the same fate as 100% of every other previous coin ever made.
And the Cheerleader brigade too is exploited.. they can prance around the web doing free advertising etc
hyping up shit coins so rich guys can kill it dead.. like gullible naive patsies.

Nothing ever changes.
All we here is "one day" ..and WHY ?
There is never an answer.. just because. LOL

You guys here are 90% gullible naive little suckers exploited and used as patsies by the rich.
BLIND and oblivious to guys like Risto + Monero turning you out like a pimp.
And your Exchanges like Poloniex's etc couldn't care less as long as they get a slice..

The more time goes on the more what i said is proven (scammer webs exposed)
Which leads to less people involved.. while mod's on Poloniex lie to me and ban me for saying Crypto is shrinking.
Never upset their gullible victims they farm and groom.

Insanity is defined as what smart guys ?

+1 to this comment.

I disagree. Currency is not the only thing that benefits from decentralization. If only the currency was decentralized, then everyone would be susceptible to being scammed while using centralized third party services. At the very least, most of the core services should also be decentralized (but I prefer everything be decentralized within reason if it provides a benefit.)


I doubly disagree. Bitcoin can't even change its blocks size without everyone throwing everyone else under the bus and fights errupting. There is no way they implement many features the newer crypto currencies have and/or have implemented in the next 5 years simply due to politics.

people can build another wallet around bitcoin, it's decentralized. this wallet don't have to be another scam idea.

Ideally, it has got all of your listed feature, but I think sidechains, a fair distribution, smart contacts and colored coins are to key to success.

So you expect people to work to improve Bitcoin for free? Good luck with that... in that case the technology would develop at a snails pace like Linux. People need to be compensated for spending long hours developing, and the easiest way to do that is by issuing their own cryptocurrencies. Otherwise, there is no point in them developing anything at all, and they might as well just go get a job. The people smart enough to decently program a decentralized technology can easily obtain a 100k/year salary, yet you expect them to work for free because Bitcoin is the "master race" cryptocurrency?

Wow... A lot of options. I chose only 1 and that's mobile wallets. That's the most important IMO.

They already do son ;)

That makes my point son. Using Bitcoin is like using Windows 95 compared to something like this: https://bitshares.openledger.info

You would rather use craptsy though and then cry on the forums about them scamming you...

And using Nxt is like using Linux. ;)

But when you think about it, all the innovations in the Nxt core shows ya something about human nature - something that's not embittering. Here were a bunch of original stakeholders that didn't just get rich quick, they got rich suddenly - and that goaded them into buckling down and working for "free" while living off their windfall gains. It's nice to know that there are still folks who feel an obligation to build up a cryptocurrency that made them affluent. It's one of the (few?) cases where "giving back to the community" isn't motivated by a guilt complex or smarm.

Fungability.

Many choices are redundant If you choose privacy then you should not have to choose the method of such. technologies to attain the same goal are a moving target.

Good points. I am surprised that I forgot to include fungibility as an option. Reminder: You can reset your vote if you would prefer some of the options that have been added since this poll was originally posted.

I agree some choices are redundant, such a privacy / anonymity, and then all of the different technologies that are used to implement it.

I voted 25 out of 30 this is a good resources for me if I want to look what qualities i would want in a coin that I will be involved with,but the question is is there a coin who has at least 25 out 30 of this features and hat coins could these be..

That is what I intended... for the qualities that most people look in cryptocurrencies to rise to the top of the survey, which would assist me while speculating in alternative cryptocurrencies.

I do not think there are any coins that could fit 25 of the 30+ features, but there are definitely some that have a lot more than others.

Bump.

It is interesting how a lot of the currently top market capitalized cryptocurrencies match up with the poll's top results, most voting of which was done in late 2015 or during 2016.

Here are the results that have garnered greater than 3%:

Proof of Work Consensus Algorithm (all variants)   - 21 (3.6%)
Large Network Effect (BTC, LTC ... arguable for a few other cryptos as well)   - 21 (3.6%)
High Scalability   - 37 (6.3%)
High Transaction Speeds   - 29 (4.9%)
High liquidity   - 26 (4.4%)
Privacy / Anonymity   - 35 (6%)
Decentralized Exchange   - 21 (3.6%)
Decentralized Markets   - 22 (3.8%)
Confidential Transactions   - 18 (3.1%)
Ring Signatures   - 18 (3.1%)
Mobile Wallets   - 24 (4.1%)
Solid Developers   - 38 (6.5%)
Innovative Features   - 23 (3.9%)
Fair Distribution   - 36 (6.1%)
Supportive and Productive Community   - 32 (5.5%)

By scanning over the list, it is actually pretty cool to me how accurately this poll represents (and quasi-predicted) the currently top market capitalized cryptocurrencies.

Are there any not in the poll's options that you think should be considered? I was able to come up with many on my own, but I am interested in seeing what is suggested without swaying any opinions.

In addition/combination to the poll's results, I have compiled about 80 data points to analyze alternative cryptocurrencies. So, I know there's a lot more that can be considered...

It's a number of things that will keep the coin from falling down to nothing worth spending on. It can have all those features but it is worth zero if you don't want it.

too many options .. i've got confused  :o
cryptocurrency should become more mainstream, that will guarantte the success..
more developers, more science .. more everything will come with that
and i think that crypto is unstopable already

solid developer as referring use of offers with the delivery of service to public audience,
that investors to gains with the notice of returns with the works of evaluation on following release of index with the unit of quantification,
on following performance with the approach as targeting different variable with the indication.