Bitcoin Forum

Hi Everyone,
I have been thinking of writing 2014 Altcoin Summary in Chinese.
What aspects should be covered, feel free to share your views.
Your opinion (plus link) will be much appreciated.
Besides I need some data as crucial support for the article.

Several chapters could be included:

1. General Review.
    Total number of Altcoin ANN in 2014? (600+?)
    Total market value?
   
2. Key Innovations/Features
    Annynymous/darksend? (darkcoin/blackcoin? or more)
    Asic-proof ()
    PoW/PoS (any other Proof of ?)
   
3. Altcoin Exchanges
    Theft?
    Downfall?
   
4. Altcoin Scams
    Maybe top 10?

5. Pros and Cons of Altcoin? (not sure about the title)

6. 2015 Outlook
   
 
Appendix:
Top 10 Altcoins (market value/intro)

Blackcoin isn't (or was?) anonymous. It gained popularity by putting everything on PoS and no more PoW, and the hype surrounding the multipool, which was the first PoW-2-PoS pool ^^"

The total thus far for 2014 is 1572 (including parodies, failed launches etc. and not limited merely to btctalk ANNs) according to a count of the coins listed in the DOACC metadata collection (http://https;//github.com/DOACC) and obtained via a SPARQL (https://en.wikipedia.org/wiki/SPARQL) query posed of Minkiz' SPARQL endpoint (http://www.w3.org/TR/sparql11-service-description/), accessible on: https://minkiz.co/sparql


You'll probably want to update to the latest count prior to publishing your summary. For convenience, here's the query as a clickable URL (https://minkiz.co/sparql/query?query=PREFIX+rdf%3A+%3Chttp%3A%2F%2Fwww.w3.org%2F1999%2F02%2F22-rdf-syntax-ns%23%3E%0D%0APREFIX+doacc%3A+%3Chttp%3A%2F%2Fpurl.org%2Fnet%2Fbel-epa%2Fdoacc%23%3E%0D%0A%0D%0ASELECT+%28COUNT%28%3Fnode%29+AS+%3Fcoins%29+%7B%0D%0A++%3Fnode+doacc%3Aincept+%3Fyearmo%0D%0A++FILTER%28%3Fyearmo+%3E+%272013-12%27%29%0D%0A%7D%0D%0A&output=html)


Cheers

Graham

2. Key Innovations/Features
    Annynymous/darksend? (darkcoin/blackcoin? or more)
    Asic-proof ()
    PoW/PoS (any other Proof of ?)

--------------
A.

   What defines a good way to value Crypto in the future , which will also help future exchanges list quality crypto, also will benefit the many and help adoption:

   http://www.coinspeaker.com/2014/11/06/cryptocurrency-fraud-part-1-identifying-ways-in-which-fraudsters-operate/

   it is a 2 part about an index called PoW+

   basically just states that in the long term the only real crypto that will be looked at are PoW + an continuation of issuance and advocates an index for this.

  Why this will be successful is because it will provide more predictable returns for the many .

--------------
B.

  Multi PoW - such as Myriad was a significant evolution - although so far a flawed economic implementation.


---------------
C.

Cryptonite - introduced the mini Blockchain a blockchain that is about 20b in size total.

https://bitcointalk.org/index.php?topic=713538.0

---------------------

D.

Quark should have a BTC cross on BTC38 so that CNY traders can take advantage of any potential drop in BTC.

also would be interested in any other large Chinese alt exchanges that are about?

Thanks for the info, which is very helpful.
I am the forum mod of 8btc.com and I write some articles from time to time.
Credits will be duely noted in the article.

Are you saying that multipool is a Key innovation that should go into the record.
I know nothing of it and did some search on google.
https://www.multipool.us/
Why is it so special and could someone provide me with a general review of brief intro of multipool.
That would be very helpful.

So far Summary of the following altcoins have been released (Click if you can read Chinese)
Peercoin PPC Summary of 2014点点币2014年总结 (http://8btc.com/thread-12414-1-1.html)
Bitshares 比特股（Bitshares）2014年发展总结 (http://8btc.com/thread-12607-1-1.html)
NXT Nxt未来币2014年总结报告 (http://8btc.com/thread-12473-1-1.html)
Dogecoin Summary 2014狗狗币年终报告！ (http://8btc.com/thread-12267-1-1.html)
Feathercoin FTC 羽毛币发展历程（2013-2014） (http://8btc.com/thread-12255-1-1.html)

Since cryptocurrency is an investment for a lot of people, there should be rate of return for the various currencies.  I would include both a 1 year rate and a 6 month rate (to see how the newer coins are faring).

Maybe include the trendshifts in crypto in 2014. I think we started out with ASIC "Proof", followed by Proof of Stake, then Burning Addresses, moved to ICOs and are now back to good old premined coins now.
So much for exchanging the carrot in front of the mule. I agree though, that an effort should also be made to highlight the innovations and features some Altcoins have brought is in 2014, next to the general FUD and doubt about the future of the Altcoin scene that is currently prevailing in this forum. Not everything was that bad after all.

You should probably cover that 95% of all altcoins are absolute dog shit.

1 out of 20 are solid? That's far too optimistic. I'd highlight the top 15 - 20 and summarize their movement over the last year.

For top 10 scams you should list the Scam by severity with references. StackCoin, AuroraCoin and BitSwift are a few that immediately come to mind.

CryptoRush got hacked and lost everything

Bter was hacked for 50 million NXT

MintPal was hacked for 30% of Vericoin and they rolled back the Blockchain

MaintPal was acquired by Moolah and Ryan Gentle ran off with everyones funds


X11 was introduced
BlackCoin helped standardize POS only
Anonyminity was introduced

The most protocol advancements were through Proof of Stake Coins which also introduced POS 2.0, sending using minimal CoinAge, Stake for Charity, use of int64_t and levelDB for efficiency improvements, Quick-sync among many other smaller changes.

Nubits, the first USD peg was also introduced

Is the bolditalicised part ^^^^ a description of the components that differentiate "POS 2.0" from "POS 1.0" or an unrelated list of added features/changes?

I've seen the term "POS 2.0" used but I've yet to encounter a definition.

Cheers

Graham

The definition mainly refers to BlackCoin in that the Proof of Stake has advanced enough that it is a far cry from Proof of Stake a year ago. There is no real definition as there are varying layers that could fit in so it is a general term.

You can find a list of some big scam IPOs here.

https://bitcointalk.org/index.php?topic=734680.0

Good Thread,

You could add which coins surged dramatically in value and reasons why; ie mooncoin, auroracoin, blackcoin, darkcoin, cannabiscoin etc etc


Also mention the rise of crypto assets..


Biggest scamcoin of the year might be:
Zipcoin (ZIPC)          Markets          BtcTalk
Launched: Aug 3rd 2014
T.Supply:
Health: Red
Notes: Scamcoin, appears to be a hacker virus wallet which steals coins from users computers.
https://bitcointalk.org/index.php?topic=721306.0


I did an Altcoin Investing report which might be of use to you:
http://altcoinspeculation.com/altcoin-investing-report-august-2014-a-free-75-page-guide/

Updated at 21st December 2014 (happy solstice!), the new total is shown in red below ...

Thanks for the pointer. I will give serious thought on this.

- Handful of people are using crypto/bitcoin to make purchases. Majority just convert it to fiat.  :'(. We're still stuck at where we were in the begining of year when it comes to adoption.

ATM, shops accepting ..that's all great but we need buyers not investors.

We will likely see the majority of people / businesses convert to fiat until a currency can prove itself stable.  Long term investing can help with the stability because you won't see as many massive price swings as when someone (especially a business) randomly dumps large amounts on the market.  That being said, you have to select your long term holdings very carefully, keeping in mind that only a handful of these coins will be here in 5 or 10 years.  Watch for stability, it will be a key feature in which one succeeds.

When the prices stabilize, the investors will start spending their crypto, the businesses may start holding or paying their employees in crypto, etc.

This is a very solid idea. How many coins do you honestly think would be in profit from IPO levels?

There is probably only a few coins that have a profitable 6 month and / or 1 year chart.  I would guess that quite a few (??) of the older coins may still be in a profit position from their date of launch, despite having a very depressing year.  Profits from older coins only count if you were lucky enough to be there when they launched!  For people that bought this year and new people coming to invest, they will be looking at what kind of profit they can make now, so the pre-2014 chart may be irrelevant to them.

Since 80% of coins disappear in the first 30 days, 6 months of performance should be the minimum when calculating return.  Any currency that has had a huge price spike and subsequent fall will have a tough time getting back on track.  I'm not saying it won't happen, but it will take a long time and a lot of hard work to build stability and trust.

Here's hoping 2015 brings life and integrity back to crypto!  :)

According to our records, the final total of altcoin launches for 2014 is  1667 (including parodies, failures,  etc). The graph now contains some coins launched in 2015, requiring the query for a 2014 total to be date-limited fore and aft:

^^^^^ results as clickable URL (https://minkiz.co/sparql/query?query=PREFIX+doacc%3A+%3Chttp%3A%2F%2Fpurl.org%2Fnet%2Fbel-epa%2Fdoacc%23%3E%0D%0ASELECT+%28COUNT%28%3Fnode%29+AS+%3Fcoins%29+%7B%0D%0A++%3Fnode+doacc%3Aincept+%3Fyearmo%0D%0A++FILTER%28%3Fyearmo+%3E+%272013-12%27+%26%26+%3Fyearmo+%3C+%272015-01%27%29%0D%0A%7D&output=html)


Cheers

Graham

I bet that fact will make 'Ripley's Believe it or Not' in a few years. ;D

NEM and proof of importance, PoI

Also, this thread is a pretty good summary of the action up until a couple of months ago.

https://bitcointalk.org/index.php?topic=850746.0

You should definitely have a special section for those altcoins that bring something unique to the table. They don't have to be hugely successful coins, they just have to have something that all the other copy-pasted coins don't have. Take a look at Checkcoin for example, they're the first to introduce the idea of geocaching in crypto.

I think this is a really neat idea. Hope this is not just coming in chinese but also in other languages.

Since no altcoin will be successful unless they can reach mass adoption, maybe you could include the best marketing, PR campaigns, or other projects that were directed to people OUTSIDE of Bitcointalk.  The best ideas will be the ones that are geared towards people with little or no knowledge of cryptocurrency. 

Thanks for the help.
The summary has been released.
http://www.8btc.com/jingzhengbi-2014