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So I've narrowed down the infinite list of coins to just these: BTC, DOGE, LTC, DRK, PPC, XRP, NXT, NMC, XMR as "probably not a scamcoin and possibly not a waste of your time". Now, I'd like to figure out the value proposition of each coin. I don't know much about altcoins -- please comment below with the pros and cons of each of these coins. (Date: 2015-01-28.)
BTC. No explanation needed. The first. With the bulk of the market cap. (85%? That's actually lower than I thought it was!)
DOGE.
- Great community. Is that worth anything? Any software they produce can be changed to use BTC.
- Technologically, it's just a clone, meaning it's worthless.
- Has the second highest volume after BTC, making it easy to trade. Maybe people who want to stay in crypto but want to get out of BTC get into DOGE? As pegged crypto (like bitUSD) spreads, this advantage of DOGE will diminish.
LTC.
- Worthless clone.
- Used to have second highest volume. (See DOGE, above.) Now, even that tiny advantage is gone.
- Dead?
DRK.
- OK, now we're getting to something different. Completely anonymous, untracable transactions. This is worth a lot. This is what people think bitcoin has but it doesn't. If bitcoin had this, it would be worth a lot more.
- How well does the anonymous transaction thing actually work? I'd love to hear people's experiences with using Darkcoin.
- Broken architecture?
PPC.
- The first Proof of Stake coin. First mover advantage. Most liquid PoS coin.
- What are your experiences with PPC? Does the wallet have to be open to mine?
- There are now other PoS coins. And there's an improvement on PoS - DPoS. I feel like if PoS will succeed, it will move in the direction of DPoS, meaning bitshares.
XRP.
- Ripple is a completely different approach to crypto than bitcoin.
- Frankly, I don't understand enough about it. Please educate me. Premining, centralization (how much centralization is there?) seem like big turnoffs. Yet, it's somehow got the second highest market cap and it's done pretty well versus BTC.
NXT.
- First(?) "bitcoin 2.0". Most liquid 2.0 coin. First mover advantage.
- PoS, wallet must be unlocked to mine?
- I'd love to hear people's experiences with this.
- How does it stack up against other 2.0 coins?
- People say good things about it.
NMC.
- Namecoin - oldie but goodie. Very innovative for its time.
- I can't believe it is still around. Does anyone actually use ".bit" domains? Is there other data stored in namecoin?
- How many domain registrations are needed to increase the price by some amount?
XMR.
- Anonymity. Does it work? What are your experiences with it?
- We already have Darkcoin, with 10x the volume.
- If Darkcoin is actually broken, then this is the anonymous coin winner.
Honorable mention (BTS).
- A few times while writing this, I was thinking that Bitshares does the same thing only better. BTS is not on my list because its volume is tiny. What do you think about BTS? Pros and cons? Is liquidity an issue? How do you trade a coin with $5k volume?
- Apparently, BTS/CNY has the volume. I was only looking at BTS/BTC before.
- Great 2.0 coin.
- Love the DPoS idea.
- If the pegged assets work, that will add value to BTS (and remove value from something like DOGE).
- Don't know much more about it. Please educate me.
Based on this quick and preliminary review, here are my conclusions. Again, please comment with pros and cons of each coin. I'm sure I missed something.
Value.
- Bitcoin
- Darkcoin or Monero?
- Bitshares?
Possible value.
- Peercoin
- Ripple
- Nxt
- Namecoin
No value.
- Dogecoin
- Litecoin
BTC. No explanation needed. The first. With the bulk of the market cap. (85%? That's actually lower than I thought it was!)
DOGE.
- Great community. Is that worth anything? Any software they produce can be changed to use BTC.
- Technologically, it's just a clone, meaning it's worthless.
- Has the second highest volume after BTC, making it easy to trade. Maybe people who want to stay in crypto but want to get out of BTC get into DOGE? As pegged crypto (like bitUSD) spreads, this advantage of DOGE will diminish.
LTC.
- Worthless clone.
- Used to have second highest volume. (See DOGE, above.) Now, even that tiny advantage is gone.
- Dead?
DRK.
- OK, now we're getting to something different. Completely anonymous, untracable transactions. This is worth a lot. This is what people think bitcoin has but it doesn't. If bitcoin had this, it would be worth a lot more.
- How well does the anonymous transaction thing actually work? I'd love to hear people's experiences with using Darkcoin.
- Broken architecture?
PPC.
- The first Proof of Stake coin. First mover advantage. Most liquid PoS coin.
- What are your experiences with PPC? Does the wallet have to be open to mine?
- There are now other PoS coins. And there's an improvement on PoS - DPoS. I feel like if PoS will succeed, it will move in the direction of DPoS, meaning bitshares.
XRP.
- Ripple is a completely different approach to crypto than bitcoin.
- Frankly, I don't understand enough about it. Please educate me. Premining, centralization (how much centralization is there?) seem like big turnoffs. Yet, it's somehow got the second highest market cap and it's done pretty well versus BTC.
NXT.
- First(?) "bitcoin 2.0". Most liquid 2.0 coin. First mover advantage.
- PoS, wallet must be unlocked to mine?
- I'd love to hear people's experiences with this.
- How does it stack up against other 2.0 coins?
- People say good things about it.
NMC.
- Namecoin - oldie but goodie. Very innovative for its time.
- I can't believe it is still around. Does anyone actually use ".bit" domains? Is there other data stored in namecoin?
- How many domain registrations are needed to increase the price by some amount?
XMR.
- Anonymity. Does it work? What are your experiences with it?
- We already have Darkcoin, with 10x the volume.
- If Darkcoin is actually broken, then this is the anonymous coin winner.
Honorable mention (BTS).
- A few times while writing this, I was thinking that Bitshares does the same thing only better. BTS is not on my list because its volume is tiny. What do you think about BTS? Pros and cons? Is liquidity an issue? How do you trade a coin with $5k volume?
- Apparently, BTS/CNY has the volume. I was only looking at BTS/BTC before.
- Great 2.0 coin.
- Love the DPoS idea.
- If the pegged assets work, that will add value to BTS (and remove value from something like DOGE).
- Don't know much more about it. Please educate me.
Based on this quick and preliminary review, here are my conclusions. Again, please comment with pros and cons of each coin. I'm sure I missed something.
Value.
- Bitcoin
- Darkcoin or Monero?
- Bitshares?
Possible value.
- Peercoin
- Ripple
- Nxt
- Namecoin
No value.
- Dogecoin
- Litecoin
fundamental analysis don't apply in crypto-currencies. not until warren buffet invests in them.. then maybe.
