Best Alt-Coin to Start Investing Into?

[Amph]

it's not only important if the coin give something new, it is also important if the coin is famous, and after bitcoin there is litecoin

so go with litecoin

[be4verch33se]

I asked myself the same question and, after much research, I decided on peercoins. I'll explain why.

Ultimately I have always seen 3 things wrong with bitcoin:

1) The 22 million coin cap.
2) The network relying on transaction fees once the cap is hit.
3) The 10 minute transaction verification time.

Once the 22millionBTC cap is reached we'll have a problem. The currency will be naturally in a state of constant deflation due to lost wallets, hoarding, population growth, etc. This is very bad. Deflation is about the worst thing you can have happen to a currency. This is why all central banks work tirelessly to keep their respective national currencies at a very low level of inflation.

Furthermore, the network relying on transaction fees is going to mean the lowest fees will win. The lowest fees are always going to be produced by those with the greatest "purchasing power" which will translate to those with the largest mining infrastructure. This is also very bad since it encourages the network to become monopolized by one, or a few, big players. When a few big players monopolize any industry they form cartels. This is the single worst thing that can happen to bitcoin as it puts the entire network (and currency) in the control of a single entity.

And finally, the 10 minute transaction time is just not feasible for in-person point-of-sale transactions.

Peercoin solves 2 out of these 3 problems. Peercoin works exactly like bitcoin except it also uses a proof-of-stake system. This proof-of-stake system is designed to kick in once the block generation rewards reduce to 0. In essence it is a way to ensure a 1% return on participating in the network at very low electricity costs. This essentially acts like a T-Bill or GIC as a guaranteed savings vehicle and consequently encourages network diversification. It also helps to mitigate against potential deflation by guaranteeing a 1% inflation rate for all staked currency participating in the network.

It does not solve the 10 minute transaction time but I see this as a minor problem since its unlikely any government will completely embrace a currency it doesn't have control over. I think best case scenario, virtual currencies will be used like a commodity to back national currencies (much like gold used to). However, virtual currencies will probably always dominate online and international transactions where the 10 minute verification lag shouldn't matter.

[PenAndPaper]

Since peercoin has a limit how exactly it solves the deflation which you call a "problem". I think big of ppcoin as well but not for the reasons you said.

[cryptohunter]

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Redcoin is very underated. I think it has good potential to go up quite a bit. Buy a little for sure can get quite a bit for a tiny bit of ltc.

[CoinBreader]

Litecoin , don't listen to these fools

Litecoin said the guy this Bitcoin avatar! lol

[lcharles123]

I dont like PoW coins, which only serves to ASIC companies earn money.
I Prefer PoS or other whith inovate functions.
The second generation seems to be promising.

NEM, NXT, NXT Lite, you can invest until may 25 , æthereum, etc.

[hensi]

The best one that I think is Dogecoin, its currently pretty stable and its prices will certainly increase over the next few months.

[ranlo]

The best one that I think is Dogecoin, its currently pretty stable and its prices will certainly increase over the next few months.

Dogecoin has a massive community. I don't like its inflative nature, but you can't argue against the community that is backing it.

[hensi]

The best one that I think is Dogecoin, its currently pretty stable and its prices will certainly increase over the next few months.

Dogecoin has a massive community. I don't like its inflative nature, but you can't argue against the community that is backing it.

Yeah it has a massive community, but there are also people who take doges as a joke and there are people who dump the doges for low rate, but my personal experience with doge was pretty good, as i got 200percent profit with it

[ranlo]

The best one that I think is Dogecoin, its currently pretty stable and its prices will certainly increase over the next few months.

Dogecoin has a massive community. I don't like its inflative nature, but you can't argue against the community that is backing it.

Yeah it has a massive community, but there are also people who take doges as a joke and there are people who dump the doges for low rate, but my personal experience with doge was pretty good, as i got 200percent profit with it

Some people think Bitcoin is a joke as well and just use it for quick profit. It's just part of cryptos and the coin itself isn't going to affect that.