Put on your helmets!



Litecoin 24 hour volume: $3,808,460  <  BitsharesX 24 volume: $3,905,960

In case anyone didn't notice, I have added some coins on the "to be added" list the past week or so:

- Crypti (PoS variant- Proof of Time, Proof of Purchase, Proof of Merchant ID)
- Bitmark (marking and other neat features/improvements)
- Skycoin (a lot of innovations)
- Bitcoindark (... many features that other cryptocoin 2.0s have, their main innovation being "teleporting")

By the way.. if this thread has helped you (or you enjoy it), and you have some BitsharesX stake, please consider voting me in as a delegate on BitsharesX by typing this into the console: wallet_approve_delegate delegate.coinhoarder

I removed eMunie last week because there had been no updates in something like 6 months and when I visited their forums it was dead. Fuserleer reappeared from the dead today and posted an update. I mentioned it a couple posts up, but I will be adding it back to the list.

I grouped Peershares in with Peercoin since it's built on top of it and I gave a link to their page and mentioned it in the description/opinion.

Never heard of Skycoin or Nubits, I will look into them. EDIT: I will add Skycoin, but there isn't much information on Nubits yet.. I'm going to hold off on that one.

BTW- to everyone. I made a lot of edits and updates to the OP earlier today.

I agree. It is getting better though. A year and a half ago was a flood of copy and paste coins with no innovation.

If it weren't for IPOs, some wonderful ideas would have never come into existance. You can thank them later when crypto coin 3.0s are filled with wonderful improvements and features.

This article is speculation. He connects a lot of dots and passes it off as fact. For instance, in a proper debate.. people can use facts and statistics to support the argument for each side of the debate. However, it doesn't mean that either side of the debate is more right or wrong than the other. In this case, it is one side of the debate written as if it's a fact and there isn't a debate to be had, or in other words... another side to the story.

Furthermore, the author is clearly biased and heavily invested in Bitcoin so I would take it with a grain of salt. The same author also wrote this article which is also speculation, one side of the debate, written as fact: http://nakamotoinstitute.org/mempool/the-coming-demise-of-altcoins/

It is pretty obvious to me "the satoshi nakamoto institute" was established for one thing and one thing only, spreading pro-Bitcoin propaganda and ALT coin FUD. I plan on addressing both of these articles extensively when I get a chance, proving there are two sides of the debate, and those articles are not facts- only speculation supported by facts. I can support the other side of the debate with just as many facts and connect the dots just as well as those articles did, but in support of the other side.

Thank you for the explanation. I will rewrite my descriptions and opinions of Anoncoin and Zerocash, along with adding ZeroCoin back on the list.

Just a FYI to anyone doing research on anon coins... There is more talk of Zerocash's problem and comparison of different anon coins in these threads (although some information may be a bit outdated)

https://bitcointalk.org/index.php?topic=615514.0
https://bitcointalk.org/index.php?topic=362468.0
https://bitcointalk.org/index.php?topic=751605.20
https://bitcointalk.org/index.php?topic=227287.0

On a side note, it seems like eMunie is not dead like I thought. I will be re-adding it to the list again in the near future. https://bitcointalk.org/index.php?topic=755057.0

The most interesting/exciting part of the update. Good move on that, I am excited to see what comes of it. It looks like you have improved eMunie a lot over the past months. I am very impressed, good work!

Re: to IPO or not to IPO

Might I suggest distributing IPO funds two ways simultaneously, both being worth... Say... 1 billion emus each per funding method, and the funding period lasting for 3 months (at least 1 month+)

A. Normal IPO in which people send in Bitcoins (alternatively you could do proof of burn method) (if not proof of burn and you wanted more BTC for development, you can make this distribution option be worth more than option B... Say you will distribute 2 billion to this funding method and only 1 billion to option B)

B. a Myriadcoin PoW algorithm that allows mining of multiple algorithms so that miners with all kinds of mining hardware can participate.

Just my opinion of course. Anyways... Good luck with the funding and release!

+1 to more information about the POS algo please

Thank you for bringing this to my attention.

I thought that the Zerocoin team abandoned the project and had transitioned to Zerocash. I guess I am having a hard time understanding why they would do this if Zerocash has the security implementations you mentioned.. printing money anonymously. I can see how that could be possible and I seem to remember reading about this at one point, so I do not believe you are making it up. Can you please explain that to me.. why they would transition from Zerocoin to Zerocash if that is the case? Or, have they since abandoned Zerocash and went back to the Zerocoin project? That is kind of confusing! Nevertheless, I will look into ZeroCash's possible security implications and re-asses my synopsis and opinion. I had taken Zerocoin off of the list and replaced it with Zerocash based off of the understanding they had shifted gears to Zerocash.

As to Anoncoin, I am trying to judge crypto currency projects based only on the features that their current release has (unless they don't have a current release and are only in development.) Was my synopsis for Anoncoin correct when taking this into account? The only reason for doing it this way is because I have no way of knowing if planned features will ever make it to a release. There have been a lot of developers that have promised <insert feature here> and failed to deliver. For what it's worth, I did mention that you guys were in the process of implementing Zerocoin and would reassess it when you have successfully done that. Anoncoin currently has Tor and i2p capability, did I miss anything else like a coin join implementation?? Or, are you guys focusing on implementing Zerocoin?

I think I partly agree with you here after thinking it over a while longer. I may of come across as very anti-marketing in that post, but I didn't mean it quite that way. Mainly my problem is not necessarily with the marketing of crypto currencies, it is with the marketing of crypto currencies that are not innovating and improving upon Bitcoin. I liken the marketing of "copy and paste" coins to scamming via the greater fool theory.

As long as your crypto currency is innovative, is in the process of innovating, and as long as you continue to do this, then I don't really see any problem with marketing yourselves. Just don't try to shove it down people's throats, as then it is met with skepticism and reluctance, as it will seem like some sort of scam at first glance until they make the effort to learn what your crypto currency is all about.

Hi,

I added a blog section to the OP and added my first blog post. Some of you may have read it earlier in another thread, but feel free to read it if not.

Also, if you have been following my posts lately you will probably notice I have been quite supportive of Bitshares DACs. I think they are doing some truly innovative stuff over there, and suggest you guys check it out.

As always I could use help adding the crypto currencies that are "yet to be added" at the bottom of the OP- please use a similar format as I have in the OP. I am actually a bit shocked that the supporters/investors/developers of these cryptos haven't popped in and already done so. I was expecting people that had interest in seeing their crypto currency added to the list to help me in doing so. I guess not... anyways, there are a lot of coins to add and it may take me a while.

Your thoughts and opinions are welcome as always!

Cheers

Bitshares
Bitshares consists of multiple DACs released at different times, some have yet to be released.
Website: http://bitshares.org/
Forum: https://bitsharestalk.org/
FAQ: http://bitshares.org/faq/
Wiki: http://wiki.bitshares.org/index.php/Main_Page
Reddit: http://www.reddit.com/r/BitShares

DACs/Tokens:
Bitshares PTS (gain stake in future Bitshares DACs): https://bitcointalk.org/index.php?topic=325261.0
Bitshares X (bitassets- market pegged assets): http://www.bitshares-x.info/

BitShares builds the technology that powers decentralized autonomous companies (DACs). The long term benefit of DACs is the creation of millions of information-based jobs that allow those who contribute what they know to the market to make money. Whether music, inventions, news articles, insurance, or currency speculation, there will be multiple opportunities for people to earn by sharing information. To gain stake in new Bitshares DACs you can buy or mine Bitshares PTS, which is like Bitshare's sister crypto currency, and is currently secured by PoW and can be mined on your CPU. There are a couple innovative features that each Bitshares DAC has including the following:

An improved Proof of Stake consensus algorithm named Delegated Proof of Stake, which is a new implementation of proof of stake that can validate transactions in seconds while providing greater security in a shorter period of time than all existing proof of stake systems. In the time it takes Bitcoin to produce a single block a DPOS system can have your transaction verified by 20% of the shareholders and by the time Bitcoin claims the transaction is almost irreversible (6 blocks, 1 hour) your transaction under DPOS has been verified by 100% of the shareholders through their delegates. DPOS is better explained here: http://bitshares.org/delegated-proof-of-stake/

Improved security practices over Bitcoin through TITAN, which stands for transfer invisibly to any name. In a nutshell, someone can see transactions and volume but cannot identify the receiver, and only the transmitter and the receiver can correctly interpret these transactions. Titan has the following features: There is no need to exchange ugly addresses, instead a name can be registered with the block chain which suffices to receive payments. The receiver of a transaction is anonymous to everyone except the sender. It simplifies accounting in the wallet, as you can register arbitrary names and no one can see your balance (except you, of course)!

My Opinion (on Bitshares): BUY/HOLD - Bitshares DACs are in my opinion one of the most exciting projects in the alternative crypto currency space. The have many innovative ideas and are focused on treating crypto currencies as a business. Whereas Bitcoin is ran at a huge loss every year due to the amount of electricity required to secure it, Bitshares DACs are profitable for its share holders (owners of the crypto currencies.) Coupled with an improved PoS algorithm and improved anonymity forcing people to use "Bitcoin's best practices", I think Bitshares DACs are a good investment. Bitshares is planning on going into business in multiple sectors including currency speculation, music, gaming, dns/namespace, charity, and more.

My Opinion (on the innovation): Bitshares is one of the first family of DACs in existence. Their premise is based upon looking at a crypto currency like a business and striving to make that business profitable. It is unclear whether the Bitcoin model is sustainable, considering the millions of dollars in electricity it takes to protect its block chain, Bitshares fixes that with an improved Proof of Stake algorithm. Furthermore, Bitshares adds profitable features on top of the more sustainable architecture to produce profits for share holders (owners of the crypto currencies.) Bitshares plans on going into business in multiple sectors and creating a family of profitable DACs.

Why Innovation Is Equally As Important As Marketing And Why I Became A Litecoin Bear

The Litecoin community and I largely disagreed on the importance of innovation as they mainly want to focus on marketing, rather than improving crypto currencies on a developmental level and in an innovative manner. Basically, they are content blindly following anything that Bitcoin implements with the few developers they have, and the rest of the community is dead set on marketing and merchant adoption as the path to success for Litecoin. I think there are several problems with this line of thinking, and I will try to explain why. Alternative crypto currencies are supposed to be the testing grounds for improvements upon existing crypto currencies and new features. If they are not doing either of these things, then I do not see the point of their existence and it screams of a get rich quick scheme. Any crypto currency that does neither of these things I consider to be a "pump and dump" and/or "scam coin."

Marketing and merchant adoption are important, but marketing and merchant adoption coupled with no innovation and development is akin to betting that people are sheeple. In Litecoin's case, they are betting that people will look past the lack of innovation and the fact it is pretty much a copy and paste coin. While I do not disagree that the vast majority of people in the world are sheeple in regards to problems with trusted third parties and FIAT, it is not these people that are adopting crypto currencies at this point in time. The sheeple are somewhat ignorant to the extreme need of crypto currencies and decentralized technologies. These people will come eventually when crypto currencies have already blown up, and are a vast improvement over the current financial system. It will happen naturally, not by some marketing scheme with an underlying code base that was copied off of some other crypto currency.

It is the free-thinkers (skeptics/non sheeple) that are in the process of adopting crypto currencies and decentralized technologies. These are the same people that will be doing the marketing and pushing merchant adoption. If the free-thinkers can look past your crypto currency’s marketing strategies and see that the underlying crypto currency is mainly a “pump and dump” and/or “scam coin” with no innovation or improvements over another larger already existing crypto currency, then how can they be expected to support it? How can they be expected to help with marketing and pushing merchant adoption, when they don’t believe in the underlying technology themselves?

I believe there are only two answers to that question in regards to alternative crypto currencies. The first being that the supporters of the alternative crypto currency are sheeple themselves, and the second being that the supporters of that crypto currency are only focused on one thing and that is making a profit by "pumping and dumping" at the expense of sheeple. Both answers to this question make me completely and utterly sick, and I do not think that Satoshi would approve either.

After much analysis and reading user’s opinions and thoughts in such crypto currency communities over the years, I have come to the conclusion that most of their community at this point in time falls under the latter answer to that question, which makes me even sicker when thinking about it. Crypto currencies are still in the early adopter phase. As I said earlier, it is mostly the free-thinkers that are adopting crypto currencies and decentralized technologies at this point in time, and I find it highly unlikely that the majority of these early adopters are sheeple. It is utterly shameful people are praying on sheeple for their own financial gain, and relying on “the greater fool theory” to fatten their wallets.

Again, this is why I left the Litecoin community. I realized that it is an either/or situation, and I was completely disgusted by it. Either I was surrounded by sheeple, or I was surrounded by cut throat free-thinkers preying on sheeple by the use of the “greater fool theory,” and either way I decided I wanted no part in it. There was an “ah ha” moment in which I decided Litecoin needed to be innovative and really focus on improving crypto currencies on a technical and developmental level, or the sad reality is that's just how it’s going to be and how it will always be as long as they continue down the same path.

I am a big believer in an altered quote from a corny 90s movie named “The Field of Dreams” in regards to crypto currency adoption, “if you build it they will come.” If you stop and think about it for a second, this is exactly what Satoshi did with Bitcoin, and look at how far Bitcoin has come today. If a crypto currency is innovative enough and a vast improvement over prior crypto currencies, the users and merchants will come eventually. Now and in the near term future, as a crypto currency community… the free-thinkers and early adopters… we should mostly focus on improving crypto currencies the best way possible through innovation and development.

Sadly, I think Bitcoin and Litecoin have mainly gotten off the path that Satoshi paved which was focused on innovation and development, and adoption happening naturally instead of forced upon people. A large part of their community has trouble seeing that both of these crypto currencies are not perfect and have flaws. Try bringing up the flaws of Bitcoin in the General Discussion sub forum and see the kind of hostility and ignorance you are met with. This kind of group think is poison, and it affects the improvement of crypto currencies on an innovative and developmental level, and will only slow down the improvement of crypto currencies. They are not in a large way focusing on implementing new features, improving existing features, and openly talking about flaws of their respective crypto currency.

Doubly sadly, I think most of this group thinking stems from greed. They do not want to talk about the flaws of Bitcoin/Litecoin, and they brush everything off as FUD or “scam coins gonna scam coin.” When in reality they are the ones that are doing the scamming, as they are so worried about fattening their pockets, that they stifle innovation and development. In general, they are so worried that if someone reads a genuine concern about a flaw or short coming about Bitcoin/Litecoin and believes it, that that someone will not invest in the crypto currency they have invested in. This affects the size to which their pockets can fatten, they do not like this one bit, and they make every attempt to shut it down and label it as FUD.

Bitcoin already has a major focus on both merchant and new user adoption. This goes along with my "if you build it they will come theory," but I believe that there is a trickle down effect in Bitcoin's adoption that other alternative crypto currencies are rewarded from. After learning about Bitcoin, I think they will mostly realize that it is not perfect and how the community largely stifles innovation on the basis that there is nothing that needs to be changed. Once they come to this realization, the innovative alternative crypto currencies will benefit largely from this realization. I just think adoption will come naturally if your crypto currency is a vast improvement over Bitcoin and/or the current financial system, and it is not something that needs to be forced down people's throats as it will be met with skepticism and reluctance if done this way. I believe this kind of promotion is stifling the adoption of Bitcoin itself. The way people talk about it and try to force adoption onto people, it does kind of sound like a scam of some sort until people actually learn what Bitcoin is and how it works.

In summary, marketing and pushing for merchant adoption is important, but it is equally important to not succumb to greed and ignorance and to push the crypto currency and/or decentralized technology movement forward through innovation and development. I think all "copy cat" or "copy and paste" coins are destined to fail eventually. Even the innovative ones, if they don't stay vigilant in innovating and improving their original innovation will fall by the wayside. It is a very competitive market and those that aren't focused on innovating and improving their crypto currency will die a slow death. I applaud innovative crypto currencies for paving the path to the future of crypto currencies, a path that Satoshi started and a path that the larger crypto currency community seems to be wandering off of. Once that path is filled with great new useful features and vast improvements over old crypto currency features, the general public will flock to that path once they realize it is so much better than the government built overgrown bumpy pebble path they have been travelling down their entire lives.

After Thoughts:

I may of come across as very anti-marketing in this post, but I didn't necessarily mean it that way. Mainly my problem is not with the marketing of crypto currencies, my problem is with the marketing of crypto currencies that are not innovating and improving upon Bitcoin. I liken the marketing of "copy and paste" coins to scamming via the greater fool theory. As long as a crypto currency is innovative and is in the process of innovating and as long as you continue to do this, then I don't really see any problem with marketing yourselves. Just don't try to shove it down people's throats, as then it is met with skepticism and reluctance, as it will seem like some sort of scam at first glance until they make the effort to learn what your crypto currency is all about.

The way ChuckOne explained Nxt's collateral system to me, it sounded clearly inferior to bitassets.

Just use an already existing crypto currency IMO. It will save you a lot of hassle and headache.

Sorry TaunSew, but this has to be said.

It is not only the "great satan" thread that makes Nxt supporters look like "wacks", you are doing a good job of that yourself with your anti-bitshares posts. This is a good example:


Anyways... carry on, as it is clear your are hear to spread FUD to prop up your Nxt investment. It is obvious that you are not here to be rational and have civil & honest discussions.

Maybe most people disagree with me on this, I don't know. I admit often there are times I am prone to thinking outside of the box. I just think adoption will come naturally if your crypto currency is a vast improvement over Bitcoin and/or the current financial system, and it is not something that needs to be forced down people's throats as it will be met with skepticism and reluctance if done this way. I believe this kind of promotion is stifling the adoption of Bitcoin itself. The way people talk about it and try to force adoption onto people, it does kind of sound like a scam of some sort until people actually learn what Bitcoin is and how it works.

Awesome, I look forward to that.

If Satoshi thought like this, would Bitcoin and crypto currencies be as ground breaking as they are today? He was focused on creating and improving upon his idea, and realized that adoption would come naturally if Bitcoin was a vast improvement over the current financial system and worked as described.

I apologize, that post was quite long, but I think everything said was necessary to get my point across.

Exactly- Bitcoin already has a major focus on both merchant and new user adoption. This goes along with my "if you build it they will come theory," but I believe that there is a trickle down effect in Bitcoin's adoption that other alternative crypto currencies are rewarded from. After learning about Bitcoin, I think they will mostly realize that it is not perfect and how the community largely stifles innovation on the basis that there is nothing that needs to be changed. Once they come to this realization, the innovative alternative crypto currencies will benefit largely from this realization.

For the record, no I do not think a coin like Dogecoin can survive if they are primarily focused on adoption. However, I'm not sure this is the case for them, as they seem like open minded free thinkers themselves. They have been largely supportive of Dogeparty, which is focused on innovating on top of the larger crypto currency model, so I do not think they are going away anytime soon. Although it started off as a meme, they are expanding beyond that, which is something that a coin like Litecoin has failed to do.

I think all "copy cat" or "copy and paste" coins are destined to fail eventually. Even the innovative ones, if they don't stay vigilant in innovating and improving their original innovation will fall by the wayside. It is a very competitive market and those that aren't focused on innovating and improving their crypto currency will die a slow death.