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Author Topic: Current real cryptocurrencies  (Read 918 times)
leipebarry (OP)
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September 12, 2015, 08:38:48 PM
 #1

There are a load of altcoins today but only 1% has real life use.
The majority of the altcoins are simply made as a scamcoin or being used as pump and dump coins.
What I want to know is what altcoins can actually be used to buy goods offline or online.

Currently I am only familiar with Guldencoin and Digibyte that can be used in shops and webshops besides Bitcoin.
Tell me what other coins are available that can actually be used as a cryptocurrency.
r0ach
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September 12, 2015, 08:59:25 PM
 #2

What can currently be used in a store is kind of irrelevant.  Business owner understanding of cryptocurrency is next to nothing.  Business owners typically don't accept BTC, they just use a service that instantly converts to fiat...

For business owners not to instantly convert to fiat, the cryptocurrency has to function as a store of value.  Market pegged assets pegged to USD dollars might be the first step in this process occurring, then they'll later on natively accept the currency.  The two biggest USD pegged crypto assets are probably BitUSD and Nubits.  There are criticisms of Nubits being run as some kind of ponzi scheme though.  BitUSD uses price feeds and Nubits uses some kind of market maker system.

Read this for my current analysis of crypto and what has fundamentals and what doesn't.  Whether you agree or disagree, there are plenty of valid points there to keep you busy researching yourself for probably the next 10 years:

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leipebarry (OP)
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September 12, 2015, 09:42:29 PM
 #3

What can currently be used in a store is kind of irrelevant.  Business owner understanding of cryptocurrency is next to nothing.  Business owners typically don't accept BTC, they just use a service that instantly converts to fiat...

For business owners not to instantly convert to fiat, the cryptocurrency has to function as a store of value.  Market pegged assets pegged to USD dollars might be the first step in this process occurring, then they'll later on natively accept the currency.  The two biggest USD pegged crypto assets are probably BitUSD and Nubits.  There are criticisms of Nubits being run as some kind of ponzi scheme though.  BitUSD uses price feeds and Nubits uses some kind of market maker system.

Read this for my current analysis of crypto and what has fundamentals and what doesn't.  Whether you agree or disagree, there are plenty of valid points there to keep you busy researching yourself for probably the next 10 years:

https://bitcointalk.org/index.php?topic=1171109.0


What can be used is relevant otherwise it is not a currency, summarized you don't know any other altcoins that can be used to buy goods?
tyz
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September 13, 2015, 09:16:13 AM
 #4

NXT could be used to buy assets with let you be a shareholder of a project or company. There are a lot of assets which already pay dividends.

Further, it can be used to buy music and tickets on http://melodius.me and http://sinanboom.com/ for instance.
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September 13, 2015, 09:25:15 AM
 #5

NXT could be used to buy assets with let you be a shareholder of a project or company. There are a lot of assets which already pay dividends.

like which ones? and what are the dividends like?

Take your Bitcoin and Altcoin trading strategy to another level with Trade Santa! - https://tradesanta.com/en/site/set-referral-cookie?referral_id=111843
leipebarry (OP)
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September 13, 2015, 09:58:23 AM
 #6

CANN is real world coin with a real world use. YES WE CANN!

What stores can you use CANN with?
LTEX
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September 13, 2015, 10:09:35 AM
 #7

Well, next to Guldencoin and Digibyte there is also Auroracoin. It might not be widely in use atm, but it's a coin that has a very specific target market that is extremely overseable, Iceland has only 330K inhabitants of which 70% live in Reykjavik.

Currently the development team is testing the new exchange that is dedicated to the unique AUR-ISK pair. This is a very important step for it helps AUR to disconnect from the BTC dependency all other currencies currently have. This makes it a coin that can actually get a chance to blend in a real economy!

A fool will just look at the finger, even if it points to paradise!
leipebarry (OP)
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September 13, 2015, 10:29:48 AM
 #8

Well, next to Guldencoin and Digibyte there is also Auroracoin. It might not be widely in use atm, but it's a coin that has a very specific target market that is extremely overseable, Iceland has only 330K inhabitants of which 70% live in Reykjavik.

Currently the development team is testing the new exchange that is dedicated to the unique AUR-ISK pair. This is a very important step for it helps AUR to disconnect from the BTC dependency all other currencies currently have. This makes it a coin that can actually get a chance to blend in a real economy!


I am keeping an eye on AUR because it has potential and I have already done a background check on the devteam.
Not aware of the AUR-ISK pair exchange, that probably explains why you guys are not on Bittrex, it is a shame because I would have bought a lot if they were listed there.
Your main focus should be to at least have 3 shops in Reykjavik that accept AUR so it can take off and gain more trust.

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September 13, 2015, 12:15:19 PM
 #9

guldencoin
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September 13, 2015, 12:46:41 PM
 #10

Dogecoin you can use in some sites, and also there is some sites, which use a lot of several crypto coins - it is hard to say, which exactly  Wink
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September 13, 2015, 01:23:25 PM
 #11

love them or hate them the 2013 and prior coins that still have active communities should be on the list of current real cryptocurrencies.
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September 13, 2015, 01:32:15 PM
 #12

Besides bitcoin I've used dogecoin to buy many goods, real and virtual.
leipebarry (OP)
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September 13, 2015, 04:29:10 PM
 #13

I used to love Dogecoin mostly because of the community.
It had some big potential however it seems the community is not as dedicated as is used to be.
In my point of view there is a big stagnation on the development side and that is because the Dev has left the coin.
Also the community has stopped growing and moving the coin forward to mainstream adaption.
Cashed my Dogecoin out a long time ago.   Embarrassed Felt bad man but it was a financial wise one.
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