It just all doesn't serve any purpose that any sane mainstream person would care about, outside of a SHTF scenario.
Disagree. It is just that the use case is a fairly small % of the population. No one has yet focused on the masses use case. As you know, I am focused on that with my non-existent vaporware.
We don't disagree. I'm just rounding 0.01% of the population down to "nobody" for simplicity. Okay, as originally stated by me above, we disagree by about 0.01%. Fine.
0.01% for Bitcoin makes going "beyond Bitcoin" (the title of this thread) rather silly, unless you are the Larimers and looking for more hype to sell to investors and keep getting paid for another year or two.
And put the altcoins are nearly 1/1000th of that 0.01%:
I thus suggest an idea for a new metric for ranking altcoins.
Sqrt(M x H)
M = Mean transactions fees paid per unit time to decentralized proof-of-work miners
H = hash rate (normalized in electricity cost per hash to SHA256).
Using
M = Sent avg. per hour, H = Hashrate (normalized):
| Coin | | Relative Adoption | | Ratio | | Adoption-adjusted Market Cap |
| 1.Bitcoin | 6.5×10¹² | 1 | $6.4 billion |
| 2.Namecoin | 8.6x10¹⁰ | 1/76 | $85 million |
| 3.Ethereum | 6.6x10¹⁰ | 1/99 | $65 million |
| 4.Litecoin | 1.3x10¹⁰ | 1/500 | $13 million |
| 5.Dash | 9.8x10⁹ | 1/663 | $10 million |
| 6.Blackcoin | 7.4x10⁸ | 1/8784 | $0.7 million |
| 7.Dogecoin | 6.1x10⁸ | 1/10656 | $0.6 million |
| 8.Auroracoin | 5.8x10⁶ | 1/1120690 | $5,931 |
| | | |
I edited the table above so readers can see the "Adoption-adjusted Market Caps".
You can see how pitiful the altcoins are.
Edit: your investment money is being siphoned off into the pockets of the insiders of these coins. None of it is achieving any significant adoption.
