Any suggestions, please?  |
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Check out Siacoin.. still a lot of work in progress but it's getting there.. Almost all the points noted here are there and then some.. The coin looks impressive. You would be able to share your disk storage as you would be your own cloud storage service. Might look more into it. Thanks  |
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You might look into Monero. This type of crypto currency has a lot of potential. The price right now is cheap so now is the perfect time to buy more and then sell them when the price goes up.
I dont think so that moneros is cheap right now. its already overpriced Yeah that's true. Should have bought them when the price was cheaper. I could still buy some until I grow my stack. Just waiting for the right moment  |
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LTC is not dead, it is waiting for future
Indeed. I think that Litecoin will be one of the few alt coins that would survive in the future. When Bitcoin goes mainstream, Litecoin would probably increase in price. How come? Well, Litecoin is number 3 in market cap as of today. That's probably the case but it's unpredictable...  |
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1. Decentralized (of course) - Yes.
2. Cryptonote algorithm (ASIC resistant, cpu minable) - Being ASIC resistant is a negative as it allows for botnets. Having the Cryptonote as a default privacy mechanism is also negative as it removed the ability for accountants or people wanting transparency from simply using the blockchain to look up transactions. Bitcoins model of allowing the end user to choose between privacy (with wallets like darkwallet) and transparency is superior.
3. Proof of Work and Proof of Stake (you could either mine them or stake them) PoW a must , but adding another layer of security like PoS is fine.
4. Stable price (just like NuBits (NBT) ) - Stability is relative as to the inflation found in other currencies. If USD is inflating at 5-8% I would prefer bitcoin to be appreciating at least 10% or more per year. Pegging a currency to an inflationary currency does have some benefits but is greatly exaggerated and basically turns the currency into merely a payment rail.
5. Integrated escrow (no need for escrow services, the same is provided by the network within the coin's wallet) - Sure, that sounds like multisig and checklocktimeverify within bitcoin though.
6. Mine right from the wallet software. No, mining from ASIC's is superior as CPU mining allows for botnets to mine.
7. Supply of 5 to 10 million coins (just a suggestion) - The amount of coins doesn't matter much. The rate and curve of inflation is what matter most. A disinflationary currency at or less than the distribution rate of bitcoin is optimal.
8. Compressed Blockchain Data (no need to wait hours for wallet to sync. The Blockchain data would be compressed, thus synchronization time would take around 10 to 15 minutes) - Yes, exactly like what is found in pruned full nodes within bitcoin - 1GB blockchain.
9. No premine - Yes, or instamine, or Stealth/ninja mined
10. Instant network confirmations (at the moment of making a transaction, there's no need to wait 15 or 30 minutes for the same to be confirmed) - Yes, something bitcoin and other alts need to work on . Inter-payment channels seem like best bet like the lightning network which can be adopted by any coin. Confirmations being any slower than 1-2 seconds are pointless in most cases.
Thanks for sharing your opinion with us. |
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Hmmm you are asking us about an ideal crypto currency so that you can create one???
Or is it just a regular post???
BTW most important to me is that it should be anonymous.
Yes! I'm thinking of making an ideal crypto-currency in the near future. Takes a lot of time and effort to make such a coin but I'm planning to fork from the Bitcoin source code. Anyways, I'm experimenting with different types of cryptos with different types of technologies. I'm taking the best features from each coin to implement it in the new one. If everything becomes successful, I will surely launch the new coin in the next 4 years. 4 years!!! That's a lot of time. We hope that this altcoin would not be a pump and dump. And I wish you good luck with this project, friend. Yeah I said 4 years because I'm still not a good programmer/coder. So it will take me some time to get the hang of coding and programming. Thanks for your reply! I hope it would become a successful coin in the future. |
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Hmmm you are asking us about an ideal crypto currency so that you can create one???
Or is it just a regular post???
BTW most important to me is that it should be anonymous.
Yes! I'm thinking of making an ideal crypto-currency in the near future. Takes a lot of time and effort to make such a coin but I'm planning to fork from the Bitcoin source code. Anyways, I'm experimenting with different types of cryptos with different types of technologies. I'm taking the best features from each coin to implement it in the new one. If everything becomes successful, I will surely launch the new coin in the next 4 years. |
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Is there a beginners guide to trading BTC? I want to know a good strategy I could use to successfully trade BTC and alt coins without losing profit (if it's possible).
Below is a list of coins that I currently hold:
<censored>
I want to become a successful trader. I'll appreciate if you could give me any hints or tips. Thank You.
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4. Stable price (just like NuBits (NBT) )
I'm not sure about this one, pegging coins to fiat. I like how Bitcoin has been performing over the past 6 months or so. Kinda Stable around 250.00. I think its stable enough to be used as a currency. And once more people jump on the bandwagon and we get more daily volume it will be even more stable.
Thanks for your reply! Yes I was thinking the same way. Price volatility might be a advantage as well as a disadvantage. You could either lose money or earn some profit. In the end, I think it would be a wise idea not to have coins pegged to fiat. P.S. Holding BTC until price reaches the $1000 mark |
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Thinking about to buy 60M bts. What so you guys think, is it possible to become a hundredaire in 2 months?
Probably, if Monero's price increase in 2 months which I hopefully believe.  |
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LTC is not dead, it is waiting for future
Indeed. I think that Litecoin will be one of the few alt coins that would survive in the future. When Bitcoin goes mainstream, Litecoin would probably increase in price. |
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Well, I know of two crypto that you could earn by playing games. Those are GoldPieces and Hyper. However, Hyper is increasing in price as well as it's getting more into games. There are several game servers that let you earn Hyper such as Minecraft, Counter Strike, Team Fortress and more. |
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Try Monero or Diamond coin. Diamond is a proof of stake crypto with 50% interest per year. Plus, it has a supply of 4.38 million (less than Bitcoin) making it a rare crypto currency. So, eventually the price would increase as it gets closer to 4.38 million.  Also, I recommend Monero as right now it is a coin with great potential. It has Cryptonote algorithm and as of now the price is cheap so it's recommended to invest in this coin.  |
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Since the creation of Bitcoin, the way we deal with money has been revolutionized making a decentralized system without the need to interfere with banks or middlemen. However until today, Bitcoin nor other alt coins have proven to be a perfect crypto-currency.
If we'd think of a perfect crypto-currency we would have one that had all of the best features in one single coin. Below, is a suggested list of features that a perfect crypto-currency would have:
1. Decentralized (of course)
2. Cryptonote algorithm (ASIC resistant, cpu minable)
3. Proof of Work and Proof of Stake (you could either mine them or stake them)
4. Stable price (just like NuBits (NBT) )
5. Integrated escrow (no need for escrow services, the same is provided by the network within the coin's wallet)
6. Mine right from the wallet software.
7. Supply of 5 to 10 million coins (just a suggestion)
8. Compressed Blockchain Data (no need to wait hours for wallet to sync. The Blockchain data would be compressed, thus synchronization time would take around 10 to 15 minutes)
9. No premine
10. Instant network confirmations (at the moment of making a transaction, there's no need to wait 15 or 30 minutes for the same to be confirmed)
If there's any other feature that I forgot to list here, please feel free post it here. Also, correct me if I stated something wrong. I would like to know what would you think about such currency.
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You might look into Monero. This type of crypto currency has a lot of potential. The price right now is cheap so now is the perfect time to buy more and then sell them when the price goes up.
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I think Bitcoin will stay as the top crypto, but I'm hoping that Monero goes up to become second in market cap. |
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Sure why not? Thanks! I start joining right away! You should try Crypto-Games signature campaign, they have one free spot just for you and best rates for Jr. Members! Just made a post for joining them in the signature campaign. Also, added the signature. Thanks! |
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Username: Abiky
Current Post Count: 109
Current Rank: Jr. Member
Bitcoin Address: 1DPjRvXHWN2wHPxJFXpaYyTArpsDiNRreJ
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Sure why not? Thanks! I start joining right away! |
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Total time logged in: 1 days, 7 hours and 0 minutes. |
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