Are we naive in thinking that 'so and so coin' will gain adoption?

[tokeweed]

Because a country's government can just fork an altcoin and use it as their own, or better..  They could create their own.

The Isle of Man's Department of Economic Development (DED) today announced plans to trial the first government-run blockchain project.

Using proof-of-stake protocol Credits, developed by local startup Pythia, the department will create a registry of digital currency companies operating on the island.

However, the "proof of concept" is not intended to rival any future directory introduced by the island's Financial Supervision Commission (FSC), the DED said in a statement.

I know they're not trying to create a new currency.  But one thing could lead to another...

Could this be a start of a trend?

Full article here http://www.coindesk.com/isle-of-man-trials-first-government-run-blockchain-project/

[Cheesus]

Because a country's government can just fork an altcoin and use it as their own, or better..  They could create their own.

The Isle of Man's Department of Economic Development (DED) today announced plans to trial the first government-run blockchain project.

Using proof-of-stake protocol Credits, developed by local startup Pythia, the department will create a registry of digital currency companies operating on the island.

However, the "proof of concept" is not intended to rival any future directory introduced by the island's Financial Supervision Commission (FSC), the DED said in a statement.

I know they're not trying to create a new currency.  But one thing could lead to another...

Could this be a start of a trend?

Full article here http://www.coindesk.com/isle-of-man-trials-first-government-run-blockchain-project/

This as well might be a start. But I remember reading something like this some time ago. I can't recall where though.

As far as I know IBM is researching some blockchain related project, I know it's not a country but still.

[Spoetnik]

Creating your own currency is about as stupid as you can get so why would they ?

What would be the point ?
All countries already have their own currencies and if that Is not the idea here then so what.. block-chain for what ?

This forum is the den of delusion.
If I start my own currency should I proclaim it's going to rule the world soon ?
That is what ALL of you sound like to me.. same level of ridiculousness 

The only thing in short supply here is intelligence, honesty and a healthy dose of reality.

[MicroGuy]

I think we're just scratching on the surface of something big here.

Bitcoin is looking to me like it might fail, but that doesn't mean all cryptocurrencies are destined to follow the same path of doom. Most likely someone here, some developer reading this post, is going to have an idea that just happens to come at the right time.

It's impossible to predict when critical mass will carry a coin into the mainstream, but engineering the seed is the first step.

Ingenuity left bitcoin when Satoshi vanished with his 1 million plus BTC. That's what makes altcoins great. There are a dozen new Satoshi's among our midst working behind the scenes as we compose these forum threads. I know one, and I'm proud to call him my friend.

[YarkoL]

I think we're just scratching on the surface of something big here.

Agreed. The Credits protocol (that the Isle of Man project is based on) as well as
IBM's Internet Of Things on blockchain project are just a beginning of this technology
starting to move into mainstream. We will see  a lot of partially centralized cryptotokens,
when businesses and communities begin to explore the possibilities of blockchain as
data reservoir and transport mechanism.

Bitcoin is looking to me like it might fail

I don't think so, and I don't think that exploring variations of
the underlying technology is a zero-sum game.  

[generalizethis]

Yes, all the benefits of a clear blockchain can be made available by large corporations or governments. A G20 coins could trump them all in days. Now the question becomes, "Will these countries or companies be willing to give up enough control for a digital cash?" For an anonymous coin (a better cash than cash) to remain fungible, it must be untraceable and unlinkable. No one has yet created a way to do this in a centralized way*.

*caveat being that though quantum money could be centralized, the technology to create it doesn't exist yet.

[Scripted]

Creating your own currency is about as stupid as you can get so why would they ?

What would be the point ?
All countries already have their own currencies and if that Is not the idea here then so what.. block-chain for what ?

This forum is the den of delusion.
If I start my own currency should I proclaim it's going to rule the world soon ?
That is what ALL of you sound like to me.. same level of ridiculousness 

The only thing in short supply here is intelligence, honesty and a healthy dose of reality.

Do you actually believe that the creation of fiat currency by governments/countries is any less ridiculous?

[kelsey]

i think the idea of a p2p currency is great, and needed, currency is too important to be left in gov hands (do nothing but devalue peoples hard earned money).

however i've not seen a good implementation of the idea

hopefully though,

but yeah if we are honest to ourselves there is 10001 coins here that are of less real world value then a zimbabwe dollar.

[unusualfacts30]

Yes, I think people who think whole world would adopt their altcoin are naive. Banks are going to start making their own altcoins soon and that's that. Blockchain tech is reusable and anyone can create their own altcoin...it requires big players to make everyone adopt it...in this case banks are bigger player than some dev who created an altcoin hoping everyone will use it. Big fish always eat the small one. always.

[spartacusrex]

..Bitcoin is looking to me like it might fail, but that doesn't mean all cryptocurrencies are destined to follow the same path of doom.

If Bitcoin goes.. I think it would be naive NOT to think that MOST if not ALL of the cryptocoin scene will implode and not resurface for a decade or so..

You'll still have the DARK side, of course, but the mainstream will see it as a passing fad.
 
None of the technical differences make any difference to average joe, at all. It's all Maths-FU to them anyway.

..

As far as the real world is concerned :  'All Coins lead to Bitcoin.'

On the other hand, if Bitcoin succeeds, as we know it can , then I think there is a good chance that other coins will flourish.

Nature of Decentralisation. Having only one coin seems pretty, well, centralised.. 

[kelsey]

..Bitcoin is looking to me like it might fail, but that doesn't mean all cryptocurrencies are destined to follow the same path of doom.

If Bitcoin goes.. I think it would be naive NOT to think that MOST if not ALL of the cryptocoin scene will implode and not resurface for a decade or so..

You'll still have the DARK side, of course, but the mainstream will see it as a passing fad.
 
None of the technical differences make any difference to average joe, at all. It's all Maths-FU to them anyway.

..

As far as the real world is concerned :  'All Coins lead to Bitcoin.'

On the other hand, if Bitcoin succeeds, as we know it can , then I think there is a good chance that other coins will flourish.

Nature of Decentralisation. Having only one coin seems pretty, well, centralised..  

the idea of alt currency to gov controlled and the p2p niche are bigger then Bitcoin.

seriously the real world doesn't even know bitcoin.

[favdesu]

I never followed this "coin x" will gain adoption mentality. there are great ideas floating around, but every coin incl bitcoin is far from gaining mainstream adoption. there's a lot of work to do.

[kelsey]

I never followed this "coin x" will gain adoption mentality. there are great ideas floating around, but every coin incl bitcoin is far from gaining mainstream adoption. there's a lot of work to do.

they all lack KISS

most the so called innovations just add complications.

[Zer0Sum]

i think the idea of a p2p currency is great, and needed, currency is too important to be left in gov hands (do nothing but devalue peoples hard earned money).

however i've not seen a good implementation of the idea

hopefully though,

but yeah if we are honest to ourselves there is 10001 coins here that are of less real world value then a zimbabwe dollar.

Ya man, hospitals are too important to be left in govt hands, oh wait...

There are about 10 countries capable of launching a satellite into outer space...
An engineering feat that is orders of magnitude more complex than designing a crypto-currency in your basement...
Bitcoin is actually roughly 1990s primitive in a real world terms... and does nothing it claims to do.

Crypto projects designed by doctoral level talent tied to universities will make their mark...
Or crypto that is highly optimized from the ground up to do a specific task (anon, contracts)...
Or crypto specifically targeted to small niches like gaming or dark nets.

The parallel is not govt/banking... the parallel is internet companies Google/Facebook/Twitter.
 

[kelsey]

i think the idea of a p2p currency is great, and needed, currency is too important to be left in gov hands (do nothing but devalue peoples hard earned money).

however i've not seen a good implementation of the idea

hopefully though,

but yeah if we are honest to ourselves there is 10001 coins here that are of less real world value then a zimbabwe dollar.

Ya man, hospitals are too important to be left in govt hands, oh wait...

There are about 10 countries capable of launching a satellite into outer space...
An engineering feat that is orders of magnitude more complex than designing a crypto-currency in your basement...
Bitcoin is actually roughly 1990s primitive in a real world terms... and does nothing it claims to do.

Crypto projects designed by doctoral level talent tied to universities will make their mark...
Or crypto that is highly optimized from the ground up to do a specific task (anon, contracts)...
Or crypto specifically targeted to small niches like gaming or dark nets.

The parallel is not govt/banking... the parallel is internet companies Google/Facebook/Twitter.
 

i don't disagree with ur individual comments but it'd take a long bow to relate them to my statement.

[benthach]

Creating your own currency is about as stupid as you can get so why would they ?

What would be the point ?
All countries already have their own currencies and if that Is not the idea here then so what.. block-chain for what ?

This forum is the den of delusion.
If I start my own currency should I proclaim it's going to rule the world soon ?
That is what ALL of you sound like to me.. same level of ridiculousness  

The only thing in short supply here is intelligence, honesty and a healthy dose of reality.

i agree with you, what these morons need is reality check. this is the reason why they fall for every shitcoins popping out, i guessed in their head this shitcoin could rule the world someday.
all the scammers need to do is just sparking these shitcoins with fake volume and fake buy walls on bittrex and every dumb morons throwing their btc at it.

[nextgencoin]

Creating your own currency is about as stupid as you can get so why would they ?

What would be the point ?
All countries already have their own currencies and if that Is not the idea here then so what.. block-chain for what ?

This forum is the den of delusion.
If I start my own currency should I proclaim it's going to rule the world soon ?
That is what ALL of you sound like to me.. same level of ridiculousness 

The only thing in short supply here is intelligence, honesty and a healthy dose of reality.

To safely negate Bitcoin.....I imagine. Make a digital currency's tell everyone it's legal while a Bitcoin is illegal. Create the supply open ended and say they will add coons to maintain the price of a digital dollar....hey presto the masses swallow it as a safe Bitcoin and the FED and powers that be can all sleep soundly knowing their crimes against humanity can continue.

You are throwing stupid, delusions around quite freely but do you think the powers that be that control the trillion dollar golden egg will just shrug and let Bitcoin take over? Now that is delusional. Will Bitcoin be a threat? Well it already is....

[nutildah]

Short answer: Yes.

Long Answer: It depends on who is answering. Every dev will of course say not only is their coin going to be adopted worldwide but that its value is going STRAIGHT TO THE MOOOOOON!

Coins being pumped by well-established Pumpadores (spanish for "one who pumps") aren't going anywhere, because good coins don't require constant cheerleading. Good coins pump them damn selves based on their own technical merit.

So any time you see some fleabag talking with a ridiculous level of certainty about a coin, be assured they are full of crap and their coin is likely doomed to fail, as is the statistical probability.

[solid12345]

Good coins pump them damn selves based on their own technical merit.

[/quote]

I disagree, I think there are alot of strong technical coins out there not getting attention or interest just because the market is saturated.

[nutildah]

I disagree, I think there are alot of strong technical coins out there not getting attention or interest just because the market is saturated.

The market is oversaturated but the real winners still shine through it all. Starting a pump campaign - regardless of how honest or dishonest - is the #1 way to get me to not buy your coin.