What do you want from your Altcoin ?

[estmoon]

I want to become "one" with my altcoin. ---me too 

[Blockhunter]

I want to buy it at $1 and sell at $1000, becoming filthy rich in evil fiat.  The fiat must be punished so I'm happy to relieve other people of it.

I f...king lol 'd so hard

Thanks

        ~BLOCKHUNTER

[CoinsCoinsEverywhere]

What do you mean by success?  The potential to make a lot of money off of it?  Everyone knows about it?  It makes a significant contribution to the area of cryptocurrencies?  It lasts for months?  Years?  Any of the above?  All of the above?  The answer may be different depending on how you define success.

Which coins would you consider to be successes so far?

I guess mass adoption is success,
Not so much huge profits even tho at the end of the day everyone wants lots of money.
But better distribution than your few major mining outfits hoarding most of the coins, rather then a little speculation about some huge profits
Those coins almost always get dumped leaving you with huge losses.
Thoughts?


 ~BLOCKHUNTER

I think that there are a number of things that are necessary for a coin to even have a chance at being successful.  You have to have a dedicated dev/dev team and community.  The coin needs to work well from a technical perspective (e.g., not forking every thousand blocks).  And there has to be real demand, not just speculator trading.

The real demand part is the tough one.  If you can come up with a technical innovation or a novel use, your coin will likely at least have a moment in the sun.  But it's unlikely that that would be enough for mass adoption (e.g., see AuroraCoin).  You need more than that.  To really last, a coin needs to be useful in the real world in ways that no other coin is.  Bitcoin has achieved its status by being first.  LiteCoin was one of the first alt currencies and has been adopted as "the silver to bitcoin's gold."  DogeCoin has been adopted as a prime choice for things like tipping.  DarkCoin might have a shot at being a better LiteCoin.

So the question is, what do you want to be able to do with cryptocurrencies that can't already be done with BTC, LTC, DOGE, or DRK?  If you can come up with a good answer to that question, then you have a shot at creating a truly successful coin.  Otherwise, it will probably won't be around a few years from now.

[Blockhunter]

Well thought out. I agree with you there.
But I will say I see a lot of devs/dev teams sell out and move on.
Speculation gimmicks of whatever.
I do like to see a ton of coins try there algo's and how they hold up.
"Not forking" or whatever. Maybe we are paving the way for the futures of money or science.
Who knows
 
At the end of the day if we all look at these coins as what they are "open source" projects instead of my coin or his coin
I think that would create a better environment for the new commers.
I get tired of reading spam trolls spreading FUD everywhere pounding there chest about being a senior member. That doesn't help anyone, it just clutters the forum.
  So yea if we spent a little more time scratching our heads together maybe they can all work one way or another.

  I think marketing well is a good factor of Sucess.
A better environment on the forums.
Developers that are humble and not arrogant.
Community support. More even distribution.
Services is pretty much a must. I mean you have to be able
To have some fun with your coins. I like betting sports
Is there a service like that yet? "For altcoins" The Mob made most of there profits off gambling
They offered tax free bets and better odds than the state lottery or whatever.

Anyways thanks for posting.
 
   Regards ~BLOCKHUNTER

[111magic]

Seem like "the community" and "the services" received the most votes!

 

[CoinsCoinsEverywhere]

Well thought out. I agree with you there.
But I will say I see a lot of devs/dev teams sell out and move on.
Speculation gimmicks of whatever.
I do like to see a ton of coins try there algo's and how they hold up.
"Not forking" or whatever. Maybe we are paving the way for the futures of money or science.
Who knows
 
At the end of the day if we all look at these coins as what they are "open source" projects instead of my coin or his coin
I think that would create a better environment for the new commers.
I get tired of reading spam trolls spreading FUD everywhere pounding there chest about being a senior member. That doesn't help anyone, it just clutters the forum.
  So yea if we spent a little more time scratching our heads together maybe they can all work one way or another.

Thanks.  I think you make a good point here that I'm a little surprised more people don't agree with.  Yes, a ridiculous number of coins have been created, and most of them are clones that die out after a few weeks or months.  But there is a lot of innovation taking place.  And while most of the coins that include some novel idea won't themselves survive, the ideas do.  As long as the whole area of cryptocurrencies doesn't die out, I think we will eventually start to see some more "professional" coins emerge that bundle together a lot of these innovations to make some really good currencies that are better than Bitcoin.  Either that or some of the major coins like Bitcoin will be modified to incorporate some of the better ideas.