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Author Topic: The Tiers of Crypto: Where does your favorite blockchain rank in the pantheon?  (Read 2216 times)
iCEBREAKER
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August 02, 2016, 05:22:15 AM
 #21

The media blackout of NXT is so funny. Conspiracy is strong in this one.
NXT didn't even make it to the Shit tier.
If you don't mention it, it will go away? Fat chance Wink

NXT?  At this point, what difference does it make?

NXT is less important than BBQcoin, because at least I still want to eat BBQcoin.

Ardor?  GTFO with your latest token-as-a-platform scam.

ETC makes NXT more obsolete than ETH over could.

Just give it up.  You and the DiamondCoin dead enders have no hope; your zombie coins are just minor footnotes in shitcoin history.

At least Dash managed to schlep a soda machine 1000s of miles just to take a selfie with some dude named after a shitty anti-virus.   Tongue


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Monero
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whether we have a dictatorship or a real democracy." 
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August 02, 2016, 06:26:20 AM
 #22

The media blackout of NXT is so funny. Conspiracy is strong in this one.
NXT didn't even make it to the Shit tier.
If you don't mention it, it will go away? Fat chance Wink

NXT?  At this point, what difference does it make?

NXT is less important than BBQcoin, because at least I still want to eat BBQcoin.

Ardor?  GTFO with your latest token-as-a-platform scam.

ETC makes NXT more obsolete than ETH over could.

Just give it up.  You and the DiamondCoin dead enders have no hope; your zombie coins are just minor footnotes in shitcoin history.

At least Dash managed to schlep a soda machine 1000s of miles just to take a selfie with some dude named after a shitty anti-virus.   Tongue

Last time I checked NXT is well above Monero, the God-Tier. Not so shitty after all, eh? Wink

ETC can't make NXT obsolete, same as ETH can't. But I heard Vitalik boasting of adding a sidechain to ETH and ETC will copy it to make Monero obsolete.

ARDOR - Blockchain as a Service. Three birds with one stone. /// Do not hold NXT at exchanges, NXT wallets: core+lite, mobile Android
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August 02, 2016, 08:32:12 AM
 #23

OP sucks cock for money.

FREEDOMRESERVEFree currency for the British Isles
Visit our website for more info

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FREEDOMRESERVE By the People and for the People
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August 02, 2016, 01:04:35 PM
 #24

...

Last time I checked NXT is well above Monero, the God-Tier. Not so shitty after all, eh? Wink

ETC can't make NXT obsolete, same as ETH can't. But I heard Vitalik boasting of adding a sidechain to ETH and ETC will copy it to make Monero obsolete.

Market cap doesn't mean all that much when you initially distribute all the coins to a few people.

Also, I think I heard about Vitalik boasting that he could add some sort of decentralized autonomous organization structure to ETH...how did that work out?
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August 02, 2016, 01:11:47 PM
 #25

Market cap doesn't mean all that much when you initially distribute all the coins to a few people.

When NXT was in 20th something place and Monero in 10th this fact didn't matter, now it suddenly does? It either matters or doesn't, can't be both depending when it suits your agenda.

ARDOR - Blockchain as a Service. Three birds with one stone. /// Do not hold NXT at exchanges, NXT wallets: core+lite, mobile Android
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August 02, 2016, 01:23:05 PM
 #26

Market cap doesn't mean all that much when you initially distribute all the coins to a few people.

When NXT was in 20th something place and Monero in 10th this fact didn't matter, now it suddenly does? It either matters or doesn't, can't be both depending when it suits your agenda.

Did you hear me running around blathering that "market cap" means anything for any coin ever? I doubt it, but if you want to dig through my post history feel free Cheesy
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August 02, 2016, 01:44:13 PM
 #27

Did you hear me running around blathering that "market cap" means anything for any coin ever? I doubt it, but if you want to dig through my post history feel free Cheesy

I can't agree that market cap doesn't mean anything. It conveys valuable bits of information when it's not a standalone factor.

Regardless, the reason I wrote in this thread was to bring to light the hypocrisy of OP. Like establishment controled mainstream media silences libertarian politicians sort of hypocrisy. With all the flaws that Nxt has it can't be worse than Ripple, right? But Ripple gets a mention, Nxt does not. Nxt is a top ten coin by market cap, volume, community, you name it. Coins behind it get a mention, Nxt doesn't.
What does all that tell you? It's not by accident. Now Nxt doesn't really need to be mentioned in this hypocritical shit ranking, but this speaks volumes of the subpar biased quality of americanpegasus "journalism". I am sure avid readers of his, if they are smart, will pay attention. Pantheon my ass lol.

ARDOR - Blockchain as a Service. Three birds with one stone. /// Do not hold NXT at exchanges, NXT wallets: core+lite, mobile Android
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August 02, 2016, 02:49:43 PM
 #28

Only Bitcoin should be in the top tier as nothing else is even comparable. Everything is else is just an alt coin that is fun to speculate with. I must say ETC would be my #2 choice for a great coin currently!
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August 02, 2016, 05:08:44 PM
 #29

If Monero is so good, why is it less expensive than ETH, litecoin or ETC?
Are people not aware of its potentials, or the whales are just not interested in this coin?

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August 02, 2016, 05:52:56 PM
 #30

WBB - soon to be the first "chainless" game in town *BOOM* - wait and see Smiley

I think it'll be taken well, especially since it'll run 100x better than anything in the market today.

Ripple and Stellar are chainless, and they're shit-tier, so it won't be first, whatever else it is.

Nyancoin actually had a maintenence release a few months ago to fix some old vulnerabilities and bugs, so I wouldn't say it's dead, but certainly niche at this point.

Hey there, fair enough but please check into wbb and so some research Smiley
I think you will like what you see.
Cheers.
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August 02, 2016, 08:30:42 PM
 #31

If Monero is so good, why is it less expensive than ETH, litecoin or ETC?
Are people not aware of its potentials, or the whales are just not interested in this coin?

When compared to ETH/ETC, my take is because all the effort goes into development rather than marketing. Over the short term this keeps the price low, over the long term it builds rock solid fundamentals. LTC has been around a lot longer. Monero is only just over two years old. A very significant innovation, in Monero, namely building a very efficient database for Cryptonote was only completed and tagged just over 7 months ago.

There is also a lot to be said for a slower based approach based upon solid development rather than the get rich quick approach. ETH went the route to a 1 Billion USD market cap in under one year by means of very lavish marketing campaigns. Just look at the mess that ETH/ETC are in right now. I was turned off from ETH that day I saw their marketing campaign and remain the same today. A coin needs to mature first, and earn its way to a 1 Billion USD market cap, instead of using marketing to take a short cut.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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August 03, 2016, 05:44:43 PM
 #32

If Monero is so good, why is it less expensive than ETH, litecoin or ETC?
Are people not aware of its potentials, or the whales are just not interested in this coin?

Monero is a solid coin and serves its purpose well. The big issue is that most people do not care about privacy so it remains a small niche coin. If the community ever gets more paranoid I think Monero would rise up price wise. I also think the lack of GUI is part of it.
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August 03, 2016, 06:06:18 PM
 #33

God-Tier  
These blockchains are the gold standard, built upon careful cryptographic principles with lots of support from esteemed mathematicians and computer scientists.  These are the true blue chips of crypto, coupling unique algorithms with clearly defined purposes for existence.  They may yet have flaws, but they are at least advancing the art, and all of them fairly launched with no premine/ICO nonsense.  Not only do I own these, I usually consider them as default units of account.  
  
  • Bitcoin: The coin father of them all.  Original PoW algo, and a unique purpose for existence.
  • Monero: The first crypto to significantly advance the art beyond Bitcoin with a unique mining algo and actual privacy, untraceability, and fungibility built in.
 
  
High-Tier  
These blockchains may have some technical hurdles to overcome, and/or may have launched with distasteful features such as ICOs, but they represent a quality project which aims to advance the space and do something unique and valuable.  I usually own at least some of these projects when I am looking for a quality investment.  
  
  • Ethereum Classic:  The first major programmable blockchain, it may have launched with a strange ICO and perhaps the Turing complete nature makes it a nightmare of vulnerabilities, but it has a lot of potential to radically alter the way we look at decentralized computing.
  • SIA: The premier blockchain for data storage, it could eventually rival massive cloud storage operations.
  • IOC: A unique value proposal, IOC aims to be the glue that holds the other blockchains together with things like name registration and other advanced features.
  • Bitcrystals: An innovative idea - release a collectible trading card game and use profits to buy and burn proprietary Counterparty tokens off the open market.
 
  
Mid-Tier  
These blockchains don't do anything really innovative but are highly supported clones of other popular projects.  They could conceivably hold some value going forward, or even move to high tier if they continue to innovate where their parent project does not.  
  
  • Litecoin: The original clone coin, is still considered crypto-silver by many.
  • Dogecoin: Very middle.  Still going. wow.
  • Aeon: A Monero fork/clone focusing on pruning and lightweight operation.
 
  
Low-Tier  
These blockchains have significant issues with coin distribution or value proposition which aren't due to outright dishonesty or malice.  It is unlikely they will be viable in the long term, but there is a small chance I am wrong.  
  
  • Steem: A core group of insiders hold 90% of the voting power and shower boobs and Bitshares posts with scrumptious crumpets while genuine quality content earns scraps!?  Oh boy, sign me up.
  • Factom: So what would you say.... You do around here?
 
  
Shit Tier  
Scams, broken nonsense, and blockchains which bend to the whims of whales.  Stay away at all costs.  
  
  • Dash: Ninja/Instamined garbage which uses a 'Masternode' pyramid scheme to incentivize protocol-level coin-mixing.  Unfortunately is highly vulnerable to Sybil attacks along with other potential attack vectors.
  • VCash: The lead Dev has stolen code, radically fucked with the block rewards in early mining to his own benefit, and still hasn't produced an open source and verifiable proof of his miraculous claims.  Stay away.
  • Ethereum Hardfork:  Programmable blockchain which will fork when necessary to protect the financial interests of whales and large holders, including bailing them out from bad code.  Essentially a centrally controlled cloud server to practice code on, but that doesn't mean the tokens should hold monetary value.
  • Ripple: A premined and centrally controlled token by Google which has no value proposition whatsoever since its centrally controlled, and no fundamentally different than fiat held by a bank.

Let me guess, you own Monero right?
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August 03, 2016, 06:08:32 PM
 #34



Let me guess, you own Monero right?


Account is back under control of the real AmericanPegasus.
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August 03, 2016, 06:14:31 PM
 #35

If Monero is so good, why is it less expensive than ETH, litecoin or ETC?
Are people not aware of its potentials, or the whales are just not interested in this coin?

You can say the same about bitcoin versus fiat.  The market cap of fiat is orders of magnitude larger than bitcoin, so bitcoin must be a worse monetary asset than fiat following this logic.  Cryptonote has introduced an essential technology that was missing from bitcoin.  Bitcoin established 3/4 of the needed technology, cryptonote (of which Monero is probably the best representative at this point) filled in the missing 1/4 with two issues: anonymity/untraceability and the associated fungible and non-reversible coins as no-one can target an "enemy".  Monero also solved secondary issues such as block length and block reward, but that is not what makes it unique.   It is the distributed anonymity that is the key element that pure bitcoin technology is missing, and that DASH could only solve by re-centralization.

Another aspect of monero is probably that it is not as of yet, very user friendly.  The official client is still command line as far as I know.

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August 05, 2016, 11:56:50 AM
 #36

far as I know 2;

comments?

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August 05, 2016, 01:39:05 PM
 #37

bitswift may be off peoples radar for now and a 'smaller' tier coin...but not for long...just sayin.  Cool Wink

https://bitcointalk.org/index.php?topic=1487190.0
https://bitcointalk.org/index.php?topic=922982.0

soon it'll be top-tier and it'll happen very quickly, especially when they're about to release something that many users will enjoy using quickly and easily in the REAL WORLD and it'll be shared within a HUGE gamer/streamer/poker community.  Smiley

who doesn't wanna get PAID to use a crypto-currency?!   Kiss
not to mention that 4million or so coin count is probably about half of that out there to be used...so it's just becoming more rare.

$ADK ~ watch & learn...
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August 05, 2016, 04:37:31 PM
 #38

I respect your opinion but seriously, monero god tier and dash shit tier? both dash and xmr have some flaws so IMO they should be fighting at the same tier(and that tier, definitely wouldnt be god tier).

Dash and XMR both have the same goal.  But where DASH does it with a complicated network of aristocrats (because DASH is based upon bitcoin and coinjoin technology in a certain way), monero uses a totally new cryptographic concept, namely ring signatures (introduced by cryptonote), and as such, decentralizes cryptographically the half-centralized coinjoin technology in DASH.

Anonymity is absolutely needed to obtain fungible money, and to obtain cash-like properties, something bitcoin failed to provide.  Now, in the same way that bitcoin is traceable and has non-fungible coins unless they are mixed, but that until now, that seems to work, DASH has solved this problem but by re-introducing a form of centralisation and gouvernance.  Monero (in fact cryptonote) has solved this issue in a totally decentralized way for the first time, using ring signatures.    In fact, DASH did the best it could but the essential technology was lacking.  Ring signatures were the tech needed to allow for automatic anonymity.  It is still not used enough in crypto, because ring signatures have amazing potential in many domains.  I would think that the step from normal signatures to ring signatures is comparable to the step from symmetric crypto to public key crypto: a whole pan of possibilities opens up.  Where the step from symmetric to public key crypto allowed for matters like trust, ring signatures allow for matters like anonymity.

To give you an idea: if ethereum were build onto cryptonote, then the fork would not even have been possible to consider.  If ethereum were based upon the DASH system, it would have been possible if the masternodes colluded over it.


i understand your point, and kinda agree with it. my point, same as @bbc.reporter is:  i dont see xmr as a god tier... at least not yet. you may say it is way better than dash and revolucionary, but this huge different still need to be improved.
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April 14, 2017, 09:41:49 PM
Last edit: April 17, 2017, 08:08:22 AM by BitcoinNational
 #39

anyone want to redefine / update the TIERS?

LTC is formally in God Mode.
ETH has achieved diabolical God Mode.
same with XRP, the Lilith and handmaiden called Lumens.

DASH and XMR and XEC high on the stairway to heaven too.

and All Doggies go to Heaven  Wink

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