I am afraid your post validates why I did not choose Nem. Normal everyday users (the man on the street) do not read technical white papers. This will do nothing for Nem's adoption by the public, and without public adoption it is doomed to fizzle out as the technogeeks and speculators move on to the newest "technically innovative" coin.
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I'll check it out. Any coin focused on real user adoption interests me.
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Doge still has the second largest user community next to Bitcoin...
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On many threads in this forum, I read that adoption is the key to longterm success. Adoption happens when users outside this forum and the short-term altcoin exchange speculators are actively engaged in the community, using and spending the coins. Our current best (only?) method of measuring adoption is Congecko's ranking by community size and engagement: Coingecko community rankingThe ranking may surprise you, and I believe point us in the direction of the coins worthy of longterm investment. We would all expect these three to be on top, and they are. #1 Bitcoin #2 Dogecoin #3 Litecoin What about the rest, I will list just a few, the most recently perceived giants and two coins I believe can be giant killers in terms of adoption. You can see them all on Coingecko. #5 AppleByte #11 Dash #12 NXT #21 MaidSafe #41 Hyper #49 Unobtanium #73 NEM #169 Guldencoin ** a postive exception, see below In terms of the only thing that counts longterm, I see two coins that I think are potential giant killers. I don't mean in total market cap, but in terms of real adoption, and therefore longterm price appreciation. AppleByte, the crypto supporting the arts - which currently has a social media following of 68,000+, tipping apps that have already been used to support over 700 working artists (not just for posting "to da moon"), a music site that accepts payment in AppleByte, and most importantly has provided artists with a place to spend AppleBytes from day one, which can be seen on their forum. Guldencoin - The coin used in the Netherlands, has 88 local merchants in the Netherlands accepting Gulden and the Nocks.nl website allowing any merchant that accepts bitcoin to accept pay in Guldencoin, which provides a place for real users to spend the coins. The social media will never be as large as other coins used around the world, but they are building real adoption. I discount Dash & NXT, because I believe there is too much competition, and more coming for the supposed Bitcoin "replacements". So that, gentlemen/ladies is where I am placing my longterm bets. Comments?
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This is such a clear explanation. I think comparing digital currencies (how they are created & distributed) compared to physical currencies makes it easy for newbies to relate to.
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First of all, I don't think any of the newer & "better" technology coins will ever replace bitcoin and the 2.0 coins are way to difficult for the average person to understand, while 80% of the people I talk to still have no clue about bitcoin!
But I think the "niche" coins that serve a specific community actually lead people to bitcoin.
Doge has certainly done that with it's fun, easy to get started approach. Gulden is doing that with it's building a niche market in the Netherlands AppleByte is doing it with it's focus of supporting artists around the world. And there may be more.
Most of these coins, even though they all have products & services you can spend the coins directly for, still need to be converted to BTC to be used in the broader economy.
I think all of them are good for bitcoin and serve a legitimate market in their own right.
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The advertising app looks interesting, will check it out.
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The other issue is the relatively slow confirmation time of bitcoins. Most of the new coins are much faster.
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Because some new Coins can fill a niche of a particular market in some ways or can offer improvements in which larger Coins cannot. Most every Coin is a clone of another Coin including the mainstream Coins, often many of these are much better than the mainstream Coins in certain ways and offer the chance to try new things. The majority of them are pump and dumps though so if you are interested in any particular one, you should research and see how development is going after a couple months and if it's got activity and developer working on it then by all means take a position in them.
The key is to do your own research. I agree with the quote above. There are two types of coins, those who hope to replace bitcoin with newer technology and those who fill a niche. I am not a day trader but a longterm investor, and frankly there are so many coins offering new technology in hopes of competing with Bitcoin, I am not smart enough to pick the winner of that race, if there will ever be one So I hold longterm positions and accumulate more when the price swings. My top picks are AppleByte, which supports the artist community and Gulden, which is gaining a foothold in the Netherlands. I also hold Doge from way back, as I like their niche in social media tipping.
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Sorry to break into the "Monero" thread.
I think AppleByte is the most undervalued coin. It is ranked #5 of all altcoins by Coingecko in terms of community growth & engagement (only behind Bitcoin, Litecoin, Doge & Redd), but only 128th in market cap.
None of the coins we follow will make it longterm without building a real user community outside Bitcointalk. AppleByte is doing that.
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Spring is here, and so is the AppleByte T-shirt!Get yours, just like the one worn by lead actress Tara Westwood in the feature film, Detours (coming Summer 2015)! By contributing $25 or more to AppleByte's Indiegogo campaign.
I got mine! Very cool
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I think Bitcoin and a few community "niche" coins will make it big, like Doge, AppleByte, Gulden and one of the anon coins. The rest will die from lack of a real user community outside these forums.
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Take a look at ABY on Bittrex. Here is today's one month chart. Looks like it will make a move to me.
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In terms of how fast it grew, no. Doge came at just the right time in late 2013, and was focused on reaching real everyday users, not claiming some amazing new techo-geek features. The only coin I see building a real user community is AppleByte, which focuses on real everyday users in the artistic community and is currently ranked by Coingecko as number five in user community growth. I have said it many times on these forums, it takes a community of everyday people using a coin for it to grow longterm. A community of nothing but techno-geeks chasing the hottest new technology changes every few weeks, leaving nothing longterm
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I love how AppleByte stays on mission, here is another post showing how art lovers use their Twitter tipping bot to support artists. Check out this recent snapshot listing some of the artists given applebytes by their fans on Twitter!
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I like this coin. I think their are a few coins focused on building the user community, and that is the only thing that will make a coin successful longterm. Here is the kind of marketing AppleByte is doing, and like Doge and the other coins doing this, these are the coins that will prove successful longterm. AppleByte's Announcement of the Phase II $1,000,000 fund raising campaign is posted on 244 newspapers and TV stations, reaching 225,717,800 people!Here are some of the newspapers and TV stations running the story:Here is a sample from the Miami Herald:
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Since it is music lessons, you might want to sell them for AppleByte, the digital currency supporting artists AppleByte website
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The Changetip app is good, but for tipping to really work you need a focused community. The only two coins I see that really have an active tipping community are:
Dogecoin - tips for internet content AppleByte - tips for artists
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This poll is for coins that launched in a niche market, focused on a specific user community. Like Doge for social media tips or AppleByte to support artists.
That is why BTC or LTC or NXT, etc are not listed, since they were created for general use. There are plenty of polls around for the best coins overall, that list those coins.
I am asking if you thing these niche coins have a future and if so which ones.
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There is absolutely no reason to use Cann, remove it from the list.
Why no nxt? On the list. Nxt provides tools for a community to make an economy. Community is nxt users.
NXT certainly would be in any poll for all coins with longterm potential. This poll is specifically for coins that have a real user focus, and what I mean is real people can spend the coin for real goods in everyday life. Such as: Doge certainly can be spent for a number of items AppleByte can be spent for Starbucks cards, Amazon gift cards, Amex cards, movie tickets, music, etc Gulden for food, drinks, etc in the Netherlands Cann I assume for grass But to me NXT or any POS coin by definition is not for users to spend, but to stake.
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