Bitcoin Forum

Title says it all.

There are right now at least 60 + coins in circulation to one degree or another. That seems somewhat excessive, and most definitely give rise to concerns about pump and dump schemes, among others.

Is it realistic that all those coins or even half of them, will be around 1 year from now? What will kill them? What will help them survive?

Which coins do you think have the legitimacy and merit to survive and become the next bitcoin rival?

Discuss.

CGB has a lot of potential, check it out  :)

Im checking out Quark and Nxt  8)

ANC, MEC, BTB, GRC are some good ones.

Dogecoin for sure

+1

https://i.imgur.com/xwgkYny.jpg

Clone of Novacoin. Why would that be legitimate/solid?

Nxt - Do you like 100% premine? Is one person owning the entirety of a currency something that appeals to you? Also did they fix PoS or is it forced to be centralized along with being 100% premine? Nxt is the USD of cryptocurrencies.
Quark - Clone of Bitcoin with 6 different hashing algorithms. Leads fools into believing it is ASIC proof, but really it is just temporarily a botnet-miners friend.


ANC - Bitcoin already can connect through Tor. Coin Control is a good idea, but it isn't a protocol modification and doesn't require a new currency.
MEC - Probably made by an art student. All that it looks like was changed was the block rewards (doubled) and a flashy website was made for it.
BTB - PPC except "super rare" (in other words the creator has no idea how economics works)
GRC - LTC except centralized. You're better off donating your processing power to BOINC and mining LTC at the same time than supporting this centralized scamcoin.

I feel like this coin is a satire of all the other worthless altcoins.




TL;DR: Buy coins that have actual features and aren't premined or centralized (BTC, NMC).

Litecoin is the boss alt. There are many coins trying to become #3, though nobody agrees with what it is yet.

Peercoin, Primecoin, Namecoin, and the yet to be developed Tacotime Netcoin are in the running.

http://www.forbes.com/sites/reuvencohen/2013/11/27/the-top-30-crypto-currency-market-capitalizations-in-one-place/

StableCoin

Gridcoin is not a Scamcoin - Lets clear this up right now.

Digitalcoin.

Fair launch, no premine, never been forked (unlike FTC, WDC etc), great dev, excellent proactive community, CryptoAve (SRC,DGC,ARG to USD) exchange currently in beta, digiclick.co and various other services completed or in development.

100% Nybble

Very fair start, no pump and dump, slow and steady grow!

Okay, are you going to clear this up? Or are you just going to make a baseless statement..

It's legitimate/solid because of the projects I'm building on top of the block chain.  No other coin can claim to have the project development that CGB currently has. First project recently announced, which is a distributed datastore mediated by the CGB block chain.  More info can be found here: http://MADEsparq.org.  Or maybe that was a rhetorical question and you're just trying to pump your own toy coins with nothing to offer other than 'volume' for exchanges and 'auctions' and 'ad platforms'...?

Haha, I love this!

Learn to read, I clearly endorsed Bitcoin at the bottom of the post. If you think pointing out flaws in these cryptocurrencies will raise the price of Bitcoin you are delusional.

As for your project: good for you, but assuming it is successful and open source, could you explain why it won't be forked to be compatible with Bitcoin right away?

There is nothing unique about the currency itself. It is simple a copy of another currency that users are trying to get in on early.

Dogecoin
It's inherent memey nature ensures a large starting audience.

Sure, if it makes you feel more secure and safe to think of it in those terms, then so be it. 

But your statement is not without profound irony:  the clone becomes cloned.  Hmm...

Yes, I do feel more safe and secure believing facts.

There is nothing ironic about me pointing out that the cryptocurrency is a copy.

This might help you http://www.merriam-webster.com/dictionary/irony

It's ironic because first you say CGB is a copy then you say what's to stop other coins from...copying...it.  Apparently you should spend more time reading the dictionary yourself.

Worldcoin. I don't know why it's not more popular.

Yeah, it's still not ironic. It's neither
"the use of words to express something other than and especially the opposite of the literal meaning" nor
"the use of words that mean the opposite of what you really think especially in order to be funny"

Back to the point:
CGB is a copy of another currency and copying that currency serves no purpose and is useless, but if your program on top is useful, then one would want to copy it so it could be used on a useful currency.

Copying the program from one currency to another solves the problem of compatibility.
Copying the code of a currency to make another currency solves no problems.

What, you weren't trying to be funny???  But you had me laughing the whole time...

You have me laughing still as you argue semantics of copying.  

I'm building an application protocol on top of the CGB block chain.  This is its uniqueness whether you like it or not.

And that it doesn't solve problems you deem relevant is irrelevant to me.

I like WorldCoin but it needs improving the network. StableCoin is designed to improve WorldCoin shortcomings

Whichever has users busier talking about development than replying to this thread.

DogeCoin looks very good because they use scrypt, have a lot of coins, fair dev, nice community, no premine.




(SEE WHAT I DID THERE?)


Seriously tho if there are any alts that have a significant own functionality or improvement I would be interested. So far I have not been convinced. I like the idea of Namecoin (not as the next or altenative btc but just as what Namecoin is) - but if not really adapted it seems rather useless. Will follow some more alt. topics to see if someone can convince me.

LOL clearly any alts that weren't around when you got into cryptos are not legitimate.  We've seen your kind many times come through here, move along joker.

Really? It's centralized? The only thing "centralized" about it is  that it has to get its research projects from a third-party source. Unless you can find someone who makes a coin that generates its own scientific research algorithms, good luck at finding a distributed computing research coin that isn't "centralized". No one is controlling the coin, all BOINC does is measure the reward you receive based on your contribution to BOINC.

Lol @ MEC being created by an art student.

MEC has some cool implementations like Kimoto's Gravity Well which creates adaptative network dificulty preventing big farmers from fucking up the network.

That, and more. Plus you are right, its very pretty. And I belive that will catch casuals attention.

So my vote goes to MEC in stability, development and future growth.

Clearly all you read in the definition was "funny", not "use of words that mean the opposite".


Your program is unique, but it doesn't make CGB unique because your program can be run most coins.


CGB doesn't solve any problems AT ALL unless you count not being an early investor as a problem.


Look at the sticky for all the altcoins. There is a brief description for each. Unfortunately, 95% of them are changing the block generation speed of another coin and premining.


Why don't you show me why I'm wrong in ANY of coins I discussed? By the way, NMC wasn't around when I first got into Bitcoin, but I think it is legitimate.


Good point. What I really should have said is that it *needs to be centralized to actually work, and today it doesn't work. GRC checks your computer to see whether or not you are contributing to BOINC. This can and has been easily spoofed.

*I am not advocating centralization, simply pointing out that the only way GRC can keep miners from lying about contributing to BOINC is through centralization.

Wrong.  In fact the developer has an open bounty if you can hack it which no ones claimed yet.

https://bitcointalk.org/index.php?topic=358931.0

Franko is the future! Our website says so.

All kidding aside.

Franko has the longest period for adoption and will take 5x as long to produce half the amount of coins as Bitcoin. Not saying its the best solution but if you value fairness, scarcity and speed then you will love FRK. We are here to stay.

Non nobis solum, sed omnibus!

iXcoin...   been around for over 2.5 years... 2 peta hash rate...

can't get any more solid than this.

its merge mined. no wonder it has 2 peta hash rate. Its an addon coin that people get extra when mining bitcoin!

yes... but you can't argue that it isn't secure.

Its also pretty scarce,  how many iXcoins can a guy with a 100GHs miner get in a day?   He'll get 1 IXC a day!  That's damn scarce.

It's dirt cheap, under 20 cents.

It also has kept its price constant relative to BTC for over 2.5 years (check the graphs).

Bounty is 5 days old and for 5000 gridcoins, which isn't much. Coin generation is based on a local check of whether or not BOINC is working. All it takes is a modification of BOINC which isn't even worth 5000 GRC right now. If GRC actually gained value then miners would make a BOINC modification that always gave them the max reward.

This was true originally but not true anymore.  Lot of development on the coin has happened you apparently aren't aware of.

MEC- Solid dev.  One of the only scrypt coins not based on litecoin.  Kimoto converted one of the newest beta versions of bitcoin himself. Also sports a very innovative difficulty algorithm and coinjoin is going to be added. (coinjoin > zerocoin) Sick looking wallet too.  Amazing community support.  Lots of thing going on behind the scenes if you care to do some research.
ANC - Solid devs, strong I2P support, working on adding coinjoin.
BTB - agree.
GRC- see my above posts.  It also has pop3 email and a p2p pool built into the client.

Dogecoin is the future! much rich many gain wow!

Solid dev isn't a feature.

One of the only scrypt coins not based on Litecoin isn't a feature, scrypt is, but that is already in another coin.

"Also sports a very innovative difficulty algorithm" - Will look into this

"coinjoin is going to be added" coinjoin can be added to any cryptocurrency. It won't be unique to this currency.

"Lots of thing going on behind the scenes if you care to do some research. " - Anything actually changing the currency? Or is it something that can be applied to any currency.

"strong I2P support" - Good feature, but creating a new currency isn't required for this. It could just as easily be a Bitcoin client, but the devs  didn't get in on Bitcoin early so they are making their own currency and hoping it is pumped.

"pop3 email and a p2p pool built into the client" - These don't require creating a new currency, you could just as easily make a new client, see my previous comment.

Most promising with a strong community behind it and active DEV is StableCoin IMO

Nxt is not "mined" so it cannot be "premined". It's a different concept of crypto currency, and the launch was pretty transparent. Time will tell if it succeeds or not, but it doesn't look like a scam. I have some "play Nxt" but am not really invested in it. What I don't like about Nxt that they haven't released the source code until now, we'll see if they do that on January 3.

It is 100% premined. That's why it isn't mined, because there aren't any more to be mined, only transaction fees to earn.

OP: What is your definition of survive?

So long as Cryptsy is prepared to increase the number of decimal digits should the need arise, I would imagine there will be people out there who will be prepared to pay 0.0000000000001 BTC/LTC/altcoin for some new cryptocurrency well into the foreseeable future.

Whether we like it or not, the ROI on some of these altcoins puts bitcoin to shame. You'd have to hold bitcoin for months to make the kind of ROI many of these altcoins have made since mid-November. It's a lot easier for a coin worth one hundredth of a cent to increase tenfold then for bitcoin to go from a 12B to a 120B market cap.

If one is going to invest in altcoins, why not spread the risk around? Sure, you won't end up with the same kind of ROI you could have ended up with had you gone all-in in the right altcoin but the chances of timing that one perfectly are pretty slim. I think a healthy bitcoin balance is a great part of a balanced cryptocurrency investing strategy. Bitcoins are much less volatile plus having them handy allows one to capitalize on favourable situations that arise (e.g. some pool miner wholesaling his altcoins which can be immediately resold for a profit).

Partially true except for one thing: Bitcoin can only be divided into 0.000000001 units (a satoshi).
Many are pump and dumps.

Look in the sticky at all of the failed altcoins. Investing carelessly in dozens of altcoins will leave you with a majority (the pump and dumps) that fail, and a few that are still being pumped, and one or two that have actual improvements over Bitcoin and survive.

Correct me if I am wrong, but is not Primecoin decentralized? Another cryptocoin to watch in this space is Curecoin, but I do not know much about it.

Agreed. It is incredible to see how far the coin has come in such a short span of time. International emphasis---beyond China---is a foundational element of its community vision. I have lost track of all the ongoing and completed translation work. Since November 27th the coin has risen roughly 100x in value (from .00035 to .0000035). Its market capitalization leaves major room for growth. At $1 USD per SBC, based on current supply, this coin would not yet even be among the top 10 market caps. I can easily see this becoming a $3 - 5 coin. Its dev certainly seems to be on track for making making that happen.

I would also not be surprised to see WorldCoin pass Namecoin before January. It almost seems certain. Having the dedicated USD to WDC exchange will be a major lift; the beta launches this month. I expect most of my USD deposit will pass through WDC before hitting alt markets; I hate waiting for slow BTC confirmations; soon, there shall no longer be need.

"IMO" as in your paid-for sock puppet opinion?
We already know you get paid to pump coins, we had enough evidence with your BSS story.

Primecoin is decentralized because you can do a proof of work without another entity vouching for you. There may be scientific applications for large primes, but I've never heard of any.

LOL, sure some of these things could be implemented in BTC or LTC, but the haven't because their devs have not created it, whether by being complacent or unable to.  That's why a solid dev is a KEY feature.  They come up with the ideas and implement them into their coins.  BTC or LTC could then steal the idea but do you think they will be able to implement and maintain a feature as well as these guys that create it, I think not.

+1

Hilarious. Did you just call the bitcoin development team incompetent?

Your head is so far up kimoto's ass, how have you not died of suffocation yet?

Freicoin (FRC) is a viable option to BTC. I mined it for 2 months with 6.6GH from 20 usb miners. I ended up with .6 BTC in 2 months from trading it on cryptsy. IF I would have mined BTC I never would have come close to half that. FRC is a very good alternative coin to BTC.

If you are looking for a "different" coin take a look at Datacoin. It's a primecoin fork with just one modification, it adds a 128k data field to every transaction so you can store (small amounts of ) data into the blockchain, so far it's an interesting experiment since the coin itself have's a purpose, you pay fee's to store data into the blockchain. The possibilities/usages of this coin are endless and the killer app could be around the corner. Moreover it's one of the few coins that can peacefully coexist with BTC.
The coin is very new, but as I said, a very interesting experiment.

So after 8 million transactions it takes up a terrabyte? There must be something I'm missing because a DDoS attack or just a harddrive filling attack seems very feasible.

LOL, don't put words in my mouth Stableboy.  Go back to you premined/centralized mixer scam.

https://upload.wikimedia.org/wikipedia/commons/thumb/7/7c/Graham%27s_Hierarchy_of_Disagreement.svg/707px-Graham%27s_Hierarchy_of_Disagreement.svg.png

See ad hominem.

Yeah, I know you're a big Stablecoin fan and I think its a scam.  No one can prove what the "mixer" does or does not do, can they?

I agree, that's exactly what Hazard did..

The maximum capacity of the network is approximately 520 Gb per (coin) year, that's deterministic, you can't do a "hard drive filling" attack as you called it. The maximum capacity of a block is 1 Mb, if this attack worked then transaction spamming (which worked at some point for Bitcoin) would also work, but measures where taken to avoid this kind of attacks a while ago for Bitcoin.
DDoS attack against a P2P currency ? Good luck. And that also applies to any crypto, not to mention it doesn't make much sense for the attacker.
And BTW, I am not saying this cryptocurrency is invulnerable, just saying that it's a very interesting experiment, and that's what the OP was asking for AFAIK.

>DDoS attack against a P2P currency? Good luck.

Seems pretty feasible. If I have ten nodes make 1mb of transactions per second I doubt the network could handle it.

That's called "transaction spamming" and it won't work. If it worked for Datacoin it would also work for BTC, also a fee is enforced to accept the transaction so the attack would also be really expensive.
And BTW I don't want to hijack the OP thread, we can discuss DTC attack vectors on another thread if you wish ;)

I think protoshare (PTS) is great, they have full time developers and great concept, not just a fork

This forum is for the most about sharing information,
reading through this thread with all said from those who have a background info. it would be great to see this thread evolved into a rating thread with (mods) for all existing/new alt/crypto currencies with cons and pros plus future based on clear comparison factors.
if this would be considered this thread might continue as the discussion with one for brief analysis ratings and future.
for the benefit of the community.

This forum is for the most about sharing information,
reading through this thread with all said from those who have a background info. it would be great to see this thread evolved into a rating thread with (mods) for all existing/new alt/crypto currencies with cons and pros plus future based on clear comparison factors.
if this would be considered this thread might continue as the discussion with one for brief analysis ratings and future.
for the benefit of the community.

Quark coin seems good:
http://www.cryptocoincharts.info/v2/pair/qrk/btc/coins-e (http://www.cryptocoincharts.info/v2/pair/qrk/btc/coins-e)

This forum is for the most about sharing information,
reading through this thread with all said from those who have a background info. it would be great to see this thread evolved into a rating thread with (mods) for all existing/new alt/crypto currencies with cons and pros plus future based on clear comparison factors.
if this would be considered this thread might continue as the discussion with one for brief analysis ratings and future.
for the benefit of the community.

Sexcoin looks interesting :).

DevCoin is a good alternative for speculatiion.
The long-term target rate for coin is 0,001 BTC.
Now it costs almost zero - it is very early coin but definetely the potential is there to make early adopters rich.
We all love doing charity - DevCoin is for this purpose. However, now as the price is so ridiculous low, there is no chance to do anything with the coin - this is why it must go up 10 000 times from these levels in order to serve its purpose.

If one is going to invest in altcoins, why not spread the risk around? Sure, you won't end up with the same kind of ROI you could have ended up with had you gone all-in in the right altcoin but the chances of timing that one perfectly are pretty slim. I think a healthy bitcoin balance is a great part of a balanced cryptocurrency investing strategy. Bitcoins are much less volatile plus having them handy allows one to capitalize on favourable situations that arise (e.g. some pool miner wholesaling his altcoins which can be immediately resold for a profit).
[/quote]



I agree, keep some in Bitcoin, some in Litecoin, and then take a punt on the rest,
The longevity of most Alt Coins will depend on the amount of holders and the amount of uses for the coin,
the more dedicated the developers, and miners, and the strategy the coin community will determine if the coin will be around in a year or two from now, and at what price...


I wrote a report with some more thoughts download it here for free:
http://altcoinspeculation.com/

I'll vouch for that; we're not a scamcoin; I'll stand up to your challenge; Post some more information if you want anything clarified;
No pre-mine; Honest Devs; Benefits to humanity; Active development; Loyalty;
What more can you ask for :)


Grid

and then............




Everyone shuts up.

XRP

Not just a deflationary currency, it is a vital component of the Ripple system itself.

A massive benefit of the Ripple system is that it is designed to support all currencies. It allows users to perform payment and exchange between all currencies. A user holding solely BTC, LTC, WDC, QRK, NXT, or even DOGE will be able to make purchases from vendors accepting only USD. It adds value to all currencies.

Ripple effectively eliminates need for centralized payment networks and exchanges, upon which Bitcoin and many other currency systems are threatened by. In addition: no 51% attack vulnerability, nor confirmation delays.

Brief video explaining a few core components of the system: http://vimeo.com/63784865 (http://vimeo.com/63784865)

A smear campaign, led by reputed scammer TradeFortress, has spread a great of misunderstanding. Few people understand that it is designed specifically to combat the centralization threats that are looming over crypto currencies right now.

Great intro for people who already have an understanding of Bitcoin/alts: https://ripple.com/wiki/Introduction_to_Ripple_for_Bitcoiners (https://ripple.com/wiki/Introduction_to_Ripple_for_Bitcoiners)

Ripple now supports direct cash deposits via ZipZap, and has a well funded company helping to drive the system forward. Ability to directly deposit cash to a decentralized exchange system is a massive step forward for finance.

Ripple Contracts is one of the most promising concepts out there for crypto currencies: https://ripple.com/wiki/Contracts#Example_Contracts (https://ripple.com/wiki/Contracts#Example_Contracts)

A unique edge is that Ripple is designed specifically to embrace all currencies, from crypto through fiat, rather than focusing on competing against them.

Considering all of the above, XRP has an incredibly promising future.

dogecoin is one of the largest and most well known

You wouldn't even bother asking if somebody already told you about Betacoin :).

Don't need to say more, it is everywhere.
I've seen people who didn't even know Bitcoin to Buy Betacoins. What else to you need?
This crypto will have a bright future.
As i hear several eshops are developed for Betacoin and the Block explorer will be something you even haven't seen before.

I 've switched all my mining horsepower from BTC to Betacoins.


You can thank me later for announcing it to you this early.

Stablecoin - coin mixing service
Earthcoin - great community and devs
Ripple - amazing support of currency and ease of use

These are my top 3 coins