You should look beyond simply a developer you can trust. There is a difference between a developer with an IQ of 110 compared to 140. There is also a difference in between a skilled developer with decades of programming experience compared to someone with just a college degree in computer science. Furthermore, I look for developers that are heavily invested in their projects as they are more likely to be dedicated to them, and ones that do not overextend themselves across multiple projects a la jl7777.

Your points as to features are good, I would also add ease of use and improved features upon Bitcoin.. not necessarily new features although that is good too if they are innovative enough to stand out as you said.

I agree communities and marketing are very important, but perhaps less important than the above two factors (in my opinion), as if your ideas, innovation, and implementation are solid then the community and thus marketing is sure to follow. I think most marketing is formed by communities and the best form of advertising is by word of mouth, so communities and marketing are mutually inclusive and after effects of solid innovation and implementation.

Also a few more things I think are important:

Making sure that it has a fair and decently distributed release. Innovation can overcome this (ripple), but it will be a permanent black eye that people will always use against the crypto and it takes revolutionary innovation to overcome.

Possibility of achieving a network effect. If another larger crypto is already doing on what you plan to do, it will be tough to overcome their network effect. Also, finding cryptos that are doing something really different are more likely to succeed off of achieving their own network effect.

Does the crypto solve a problem in society or a problem in other cryptocurrencies that could cause it to have value in the future and overcome a larger cryptocurrency's network effect? I don't think minor changes/improvements are enough to overcome network effects.

Maybe these things were covered in your more generalized statements, but cryptocurrency analysis can never really be extensive enough. I am sure I am forgetting a few things.

+1 to these two posts

The most innovative coins will win out. Just like how the most innovative businesses crush less innovative businesses. Cryptocoins are open source and thus there is no patent they can seek, or proprietary secret formula, that would make them safe from not having to improve upon themselves and innovate and yet still expect to be successful.

It will be (and is) a very competitive market. For every 100 alt coins that are released maybe 1 will be a success. You should only invest what you can afford to lose in alt coins and diversify your portfolio amongst the most promising cryptos, while leaving the majority of your crypto investments in Bitcoin.

My 2 satoshis

I think BM has a lot of people willing to back him up, especially in the Bitshares community, because over time he has proven himself as being much smarter than the average bear. He is one of the most intelligent people I know of in crypto, and I don't ever say that about anyone so that goes to show you how highly I and the Bitshares community value his thoughts and opinions. I think his statements on Nubits have been genuine and not a "knee jerk" reaction. Sure he could of possibly toned it down a little bit but at the end of the day Bitshares is a decentralized autonomous company, and BM's statements shouldn't reflect upon Bitshares as a whole just as Bitcoin core dev statements or actions shouldn't reflect upon Bitcoin as a whole. He was quick to form an opinion because he is a very smart guy with the ability to understand Nubits quickly and think through the possible implications better than most.

/BM fan boy  

Re: Trust required for Zerocash setup





Maybe I am naive, but I think they will find a way to setup Zerocash that people will be able to trust.

This is not a pissing match, as you are wrong and it is a fact that there has always been 100 Billion XRPs since Ripple was created. They didn't print any coins recently like you state they did, the bolded statement is a lie. For the last time, it has to do with how their market cap is calculated on Coinmarketcap.

It is not my fault you don't know what you're talking about, this isn't a pissing match. Here is an article from 2013 when Ripple first came out saying there are 100 Billion. Notice how many Coinmarketcap has on their website compared to the actual number there is. Your hate for ripple is getting in the way of common sense. I don't particularly like Ripple either but these are facts.


https://www.ripplelabs.com/xrp-distribution/
http://blogs.reuters.com/felix-salmon/2013/04/11/the-promise-of-ripple/

What I stated was a fact, they did not print any new XRP as there has always been 100 Billion. Again, it has to do with how their market cap is calculated on Coinmarketcap. You are lucky that Coinmarketcap handicaps them, as their market cap is actually bigger than Litecoin's market cap and they should be above Litecoin on the list.

Your statement that "it is no different than printing off new coins" is an untrue statement, and more of a "spin off" from reality than what I said, as what I said was fact and what you said is a falsehood. Go look at the genesis block in XRP and tell me I'm wrong. What the Feds do is different, as they print new money that was never in existence. The 100 Billion XRP has always existed since the genesis block and inception of Ripple.

Solid infographic OP, good points. You are a brave man picking a fight with Monero on their own forums though.  

This is another thing that rubs me the wrong way, it was funded by private investors and there was no way for the average person to invest in the project. I'm not sure when anyone that wants to will be able to buy Nushares, I think you can only buy Nubits right now.

I think it was a joke as there is not a Ripple coin, but Ripple is a network and XRP is the native coin of that network. I use the words interchangeably, but technically he was correct.. even though it was a bit nit picky.

If he was not being nit picky, then carry on.

Ripple is second, Litecoin is just wannabe second.

I guess those explanations that they are not providing equity due to legalities make sense, but I would prefer that he write that into the prospectus as I think he can back out of those statements.

Also... This will be competing with IBM... http://www.coindesk.com/ibm-sees-role-block-chain-internet-things/

Lol I love the blind hate for anything that's not PoW (@Nekomata), but all three of you have it wrong.

BTSX passed Ripple and the Ripple leap frogged BTSX shortly thereafter on coinmarketcap yes, but Ripple didn't print any new XRP. It has to do with how Coinmarketcap calculates the market cap for Ripple. It only includes in the calculation the amount of XRP that is not owned by Ripple Labs. There has always been 100 Billion XRP and that number hasn't ever changed, but currently Coinmarketcap only uses about 30 billion for its market cap calculation.. in other words the amount NOT currently held by Ripple Labs. In actuality with all XRP added into the market cap calculation, Ripple has a market cap of $479,800,000 making it the 2nd most valuable cryptocurrency in regards to total market cap, and Litecoin the 3rd.

Find out more here: https://www.ripplelabs.com/xrp-distribution/

You will notice under the amount not held by Ripple Labs it states: Total includes business development agreements that are still pending.

This is what I believe happened... it was convenient timing to make a business deal seeing as though it happened maybe 24 hours or so after BTSX passed them up on Coinmarketcap. Conspiracy? Maybe, maybe not, but due to the recent news about Ripple and its partnerships with banks I guess those Ripples are for probably for that.

Actually.. although it is a good idea, this sounds lame as there is little upside for investors. They are only selling 10%, so although the funds raised will fund all development and salaries, investors will only see 10% of profits. Also there is no equity, so if the company is sold profits go bye bye?

"Aritifical Intelligence driven vacuum cleaners and lawn mowers is increasingly becoming commonplace."

But.. But.. What will happen when BCX time warps the block chain and your lawn mower kills your cat.  

Think of the kittens!!!!

(Joke: looks cool.. do not delete)

It's not that complicated, the software is just really new and there have been a lot of bugs to fix. Nxt has been around much longer and has had time to work out the kinks. It is finally getting to a somewhat usable state right now. In the early days the bugs were plentiful, but it is more stable now. Really the only back up method you need to do is to dump your main private key using wallet_dump_private_key and copy it to a secure place (password protected, off line, or encrypted.)

Use the hash or transaction ID.. whatever it's called.

Due to stealth addresses via TITAN using BTER's account name wouldn't bring it up.

Although, the client had a mandatory upgrade today (hard fork), and the block explorer posted earlier seems to be on a fork. Use this block explorer instead, then go to the transaction tab and use the search field using the hash. If you see it then your transaction went through properly and you should contact BTER. If you don't see it you should come to the Bitshares forums and ask for help. I wouldn't know what to do in that case, but I'm sure there are people that do.

This is the other block explorer: http://blockchain.bitsuperlab.com/

Yep I get the idea of it and think it is innovative, but I'm still letting it soak in before forming an opinion. It's similarity to the Feds kind of irks me in the wrong way right off the bat, but if it works as planned I think I could get over that... I mean.. I still use US dollars.

The real experiment with Nubits/Nushares is if the value of FIAT (or in Nubits case, quasi FIAT) can be maintained without the use of laws, regulation, and force. It will be interesting to see how it plays out.

I haven't had much time to update the website, but hopefully I can soon. I will be adding Nubits/Nushares.

Peershares is Peercoin's version of Counterparty or Mastercoin.. a decentralized asset issuance coin built on top of Peercoin.

Correct me if I am wrong, but NuBits works much the same as the Federal Reserve and the U.S. Dollar, except in a decentralized manner, with Nushares holders taking the place of the Feds. Just like FIAT, Nubits are not backed by collateral.

It sets interest rates to control the demand of Nubits, so when the demand is low it increases interest rates to prevent the price going under a dollar. When demand is high it prints Nubits to prevent the price going over a dollar. Market makers are used to hold the value of Nubits at one dollar  in the short term and provide liquidity, with the interest rate adjustments and printing Nubits holding the peg in the long term.

I think the best PoD measurement is to judge a coin by its Github commits.

I also think sadly 80 to 98 percent of these coins will die, proving that having a "PoD" rating doesn't amount to much.