How many Alts do you expect to survive long term?

[kelsey]

chinese pools are just that pools which people located all over the world mine from.

and POS you just control the coin by having more coins, and you can 51% having just a small % of totally coins. and those who hold the most earn the most so over time increase their % v the rest, and if you go those coins stupid enough to be mining blocks rather then % the math will show you over time that the outcome IS always one person owning the network.

Really ,

Ok use your math to show me the one person that owns the entire ZEITcoin Proof of Stake network, because you seem full of it.
Here is the block explorer dazzles us with your math skillz.
https://chainz.cryptoid.info/zeit/
(It is a ~3 year old coin , so by your Logic 1 person should own all of it by now.)
(You Wrong , but it should be fun to see your math.)

But the fact you also ignore the 51% PoW coin issue shows your logic skillz are flawed.


 

FYI:
You might want to read up on 51% attack , back when the BTC community was being honest.
http://www.coindesk.com/bitcoin-miners-ditch-ghash-io-pool-51-attack/

Chinese mining Pools combined total ~70%. They control it , and the PoW users pretend blindness to that fact is childlike.

firstly if you read i said POS stupid enough to use block rather then %, one person eventually owns the market, i assume zeitcoin is % (not that i'd even bother researching what shitcoin number 3562920 is)?

% ones well the rich get richer and to 51% requires less the 51% of the coins, ie build up weight overtime to attack the network which has been done and tested.

also i'm no fan of bitcoin or pow (in bitcoins form) and yes it is completely flawed and can be 51% which i'd argued long before pools did such a thing and was often shot down in flames for even suggesting such.

and theres an easy solution to all of the above; simply stop having people mining (to gain free coins well using electricity but i used the term free here on purpose for a different reason which pertains to the solution) as your mechanism for moving blocks (which again people have shot me down in flames for even suggesting but tis easy enough and is currently being experimented with).

[kiklo]

firstly if you read i said POS stupid enough to use block rather then %, one person eventually owns the market, i assume zeitcoin is % (not that i'd even bother researching what scamcoin number 3562920 is)?

% ones well the rich get richer and to 51% requires less the 51% of the coins, ie build up weight overtime to attack the network which has been done and tested.

also i'm no fan of bitcoin or pow (in bitcoins form) and yes it is completely flawed and can be 51% which i'd argued long before pools did such a thing and was often shot down in flames for even suggesting such.

and theres an easy solution to all of the above; simply stop having people mining (to gain free coins well using electricity but i used the term free here on purpose for a different reason which pertains to the solution) as your mechanism for moving blocks (which again people have shot me down in flames for even suggesting but tis easy enough and is currently being experimented with).

Yep, ZEIT is % based, 5% next year.  
Highest combined wallet is only 5.47 % of the Total Amount (Most likely an old exchange that died),
way less than the hash rate controlled by the largest PoW miner like Antpool with 17.3% .

I have seen the attacks, you mentioned carried out on weak PoS coins , like APEX, which only had less than 6 stakers at the time of the attack and difficulty # was tiny , and they had an unlimited coin age, combined those issues made the attack possible.
We have Billions of coins staking , with limited coinage, so even if you could buy 51%, its coinage would not be high enough to dominate the network like the ASICS can dominate a PoW coin.
After 3 years our highest combined wallet is less than 6%, so our specs seem to be handling your concerns quite well.  

The easy solution, stop having people mining, while technically solving the issue , provides zero incentive to waste personal resources to keep a network running.
The only way this can be done is to completely Centralize a Coin , where no one else can mine it , and someone pays you for the privilege of using said network.
Because at the end of the day , financial incentive has to come from somewhere if you want it to continue being supported.

 

[Red-Apple]

Hello,

this is probably going to be another controversial topic, but I think, I'd start it for the heck of it. You can all scream at each other about how wrong the other person is, but please refrain from excessive verbal abuse.

To preface this, I'd define "survive" as being at least a few years old, holding steady or rising in value and having no indication of imminent end of the project/blockchain.

Anyway, I was just asking myself this:
At the moment, there are hundreds of Altcoins out there. Let's assume, that in ten to twenty years, blockchain is a word everybody knows like everybody knows the word internet.

How many altcoins/blockchain project/whatever you wanna call it, apart from Bitcoin will be out there? I'm not asking for specific names, I'm asking for an estimation.

I think you can roughly group all altcoin projects into two camps: the "pure" currencies, that are basically value transfer systems and the "blockchain as a service" groups. In both camps, there is a lot of redundancy, so that just a few will survive. I think it is going to be more than just bitcoin, though. BTC and ETH are a realistic scenario, although I's say it would be more like 3-5 value transfer coins plus two BaaS projects, who may have a bunch of different tokens associated with them.

Thoughts?

i say 5 coins tops are going to survive in long term and at least 3 of these coins are the old coins that we already know like Litecoin and Monero. but many other newer coins no matter how big and full of sound they are, will be dead before the year ends.

[dinofelis]

I expect many.  Hundreds, thousands.  Maybe none of those that exist today.  Maybe not even bitcoin.  In the same way that Roman money doesn't exist today, but that there are hundreds of fiat currencies.

[fortunecrypto]

It all goes down to how the community fully support the coin and how dedicated the development team and of course uniqueness plays a major roles if Crypto currency become the norm in the internet payment I see at least 30 to 50 coins surviving.

[kelsey]

The easy solution, stop having people mining, while technically solving the issue , provides zero incentive to waste personal resources to keep a network running.
The only way this can be done is to completely Centralize a Coin , where no one else can mine it , and someone pays you for the privilege of using said network.
Because at the end of the day , financial incentive has to come from somewhere if you want it to continue being supported.

 

only because your looking at it from the old btc perspective.

one would waste personal resource to obtain their own coins? simply have the receiver move the chain and requires little energy as no competition for the block.

completely decentralised and not simply greed keeping the system going.

[Ayers]

I expect many.  Hundreds, thousands.  Maybe none of those that exist today.  Maybe not even bitcoin.  In the same way that Roman money doesn't exist today, but that there are hundreds of fiat currencies.

eh that's stupid, only a minority will remain alive the majority will fail miserably, just look at the top 5 or top 10, those are the coin that matter, and some times you get one from the shallows market, that is pumped for no reason and cn reach the top 20

[andyste]

much coin can survive and still much use altcoin

1 ethereum
2 litecoin
3 dogecoin
4 monero
5 NXT
6 XCP countery party

this big community use coin and the big volume transaction can longterm survive

[BlockEye]

Im expecting to have only top 50 altcoins or below cause altcoins depends on how useful it is like monero coin that is use of many people on transactions on Darknet because of its full untrackable anonimity in other words altcoins is the alternate coins that have a new features that dont have.

[Spoetnik]

I expect many.  Hundreds, thousands.  Maybe none of those that exist today.  Maybe not even bitcoin.  In the same way that Roman money doesn't exist today, but that there are hundreds of fiat currencies.

Ya but when i go to the store i can ONLY use my Canadian dollar.

And the days of being able to walk into a bank and convert currencies are long gone.
I went and and tried a year ago and they said no we don't do that ... bye.

You are bullshitting and not being real.

the only reason the paper fiat dollar works is because he nation decided on ONE fucking currency.

Quit being stupid spewing unrealistic crypto rabble bullshit people.

[serjent05]

Altcoins with hefty funds will continue to exist, I can see 20-30 of them will survive.

I agree aside from bitcoin, those that gathers millions of dollars will survive because they have the  fund to spend for marketing, pump and lots of shills to spam the thread of their beloved coins

And of coursee those with a serious and dedicated developer

VCASH
Dash
CBX
XMG
and alot more not mentioned here.

[socks435]

Altcoins with hefty funds will continue to exist, I can see 20-30 of them will survive.

I agree aside from bitcoin, those that gathers millions of dollars will survive because they have the  fund to spend for marketing, pump and lots of shills to spam the thread of their beloved coins

And of coursee those with a serious and dedicated developer

VCASH
Dash
CBX
XMG
and alot more not mentioned here.

Vcash is not the best option and i think its more better to say in
dash coin
cbx
litecoin
dogecoin
ethereum
etc
monero
clams
Those altcoin i think that can live more in the market place.

[Turbo2]

Very few, 99% fail within their first year. Only the Alts with a specific purpose that BTC doesn't already fulfill will survive. Namely ETH and XMR 

[asriloni]

Just the coin is having a big market cap will be a long-term coin, and why? according from the market cap is already teaching the how many the adoption of coin in the digital community, Like ETH considering from their market cap is already let me an evidence for it. because in my mind the market cap does not just tell us the volume but if we can excavating the data we will get the another specific reason for that.

[AndyGreen]

I see many of you, guys, like doge and think it will survive long term. Somebody can explain it? Why is it so special?))

[Leonard2016]

the only altcoins that are going to survive for a long time are those which have already survived this long and nothing else because they have already been battle hardened and those who survived with a high price like LITECOIN are actually good not a pump and dump.

[Spoetnik]

All these new altcoins that keep popping up will only hurt crypto currencies in the long run. How many people you think going to keep investing in new alts that rip them off. There is about 200 pages in the alternate ann section. This is going to hurt Bitcoins too. But what do I know, I am a newbie.  

You are right for more than one reason too.
All coins combined are like the total supply and another coin just launched just NOW
..there is millions more to the currency supply.

All of them require Bitcoin / FIAT to buy.

This rapes the very concept of supply and demand and spits on the very concept of currency.

Why did the US Federal Reserve utilize "Quantitative Easing" ?
AKA: Burning crypto coins.

And that is the tip of the iceberg it gets worse the more you look at what is going on..

I commented on this earlier and was ignored.. knowing what replies would be posted in advance.

Survive ? Long Term ?

Uhhh they are NOT "surviving" long term as it is right now.. never mind later.
Look around, 99% of ICO's drop below their initial price and mining is passe / unpopular.
Coins are dropping like flies all the time ..price wise on exchanges.
Which is what i asked earlier..

Survive ? What longer term trading on centralized exchanges for profit ?
Is that the real goal here profiteers ?

Rude Awakening time..
No Altcoin has accomplished anything or had 1 single bit of innovation.
If some Altcoin was innovative it would be more popular + worth more than Bitcoin..
or at least be competitive in it's market value against the USD dollar.
What do we see ?
BTC = $600 and Ethereum = $12 ?
What does that tell you ?
If ETH had any potential to dethrone BTC we would have known when it launched in 2014
it's almost 2017 and Bitcoin is fast approaching it's decade old birthday.

The reality is the world does not give a fuck about handing picture ID over to Poloniex in order to buy ANON coins to buy crack & AK's on Silk Road while trading for chump change profits.

Bitcoin itself has been on the decline since the rise in 2013.
THAT is your high water mark / bench mark for Altcoins.
You should be worried Shitcoin aficionado's.  

The perception is Bitcoin is some weird ponzi / pyramid scheme coin internet thing used on Silk Road by criminals for child porn machine guns terrorism and crack & meth.
Not only that but most think it was a thing.. they think it ended in late 2013 and are surprised people are still "doing it" ..it being profit trading on centralized exchanges. (as we know "it")
Sure..
They may know it's still going these days because of all the never ending stories about Ransomware + Bitcoin but how many of those people out there are jumping in buying $600 BTC coins to use with online merchants ?

NONE.

Hell there is probably a lot $900 BTC bag holders still waiting to get out breaking even from 2013 RIGHT NOW.

Get this.. some people have taken a loss with Crypto.. i know SHOCKING right ? LOL

You all don't care you sit here and spew bullshit over your little chump change bags.
Completely oblivious to reality and the outside world that matters.

Your fucking little ETH or Doge ROI does not matter investards.. the worlds population adopting crypto coins does.. so how is that coming along ?
Pro Tip: You will have to stop checking market prices for scam coins to figure that out

Future ?
A new coin will come along and more brats hoping to make a buck and more exchanges will be "hacked" and more will show up replacing them.. and you will all rally on endlessly about which coin will be "adopted" ..while no coin ever does get adopted.

In a couple months i can say i have watched this retarded bullshit sink for 5 years..
2013 = Peak in adoption / popularity + market prices.
2014 = scene gets shittier and crap coins slump in price.
2015 = Idiots go on ICO / IPO rampage
2016 = Idiots cling desperately to thinking if they bag hold shitty scammy ICO coins they will get rich.
2017 = Same old same old.. trying to clone coin your way out of trouble.

I said long ago i have little faith in you all to get your shit together.
It's just not going to happen.. you are all doomed.
And if you don't see it it's because you are the low hanging crypto fruit being preyed on by the big kids.

[freshman777]

I expect many.  Hundreds, thousands.  Maybe none of those that exist today.  Maybe not even bitcoin.  In the same way that Roman money doesn't exist today, but that there are hundreds of fiat currencies.

Ya but when i go to the store i can ONLY use my Canadian dollar.

And the days of being able to walk into a bank and convert currencies are long gone.
I went and and tried a year ago and they said no we don't do that ... bye.

You are bullshitting and not being real.

the only reason the paper fiat dollar works is because he nation decided on ONE fucking currency.

Quit being stupid spewing unrealistic crypto rabble bullshit people.

It's because stores are required by law to accept government money, name is legal tender.
This fact doesn't preclude many digital currencies from establishing themselves as means of p2p transactions between individuals and c2b between customers and businesses.
Although the store has to accept government money by law, it's legal for them to accept other forms of money until it's explicitly made illegal - at that point we can talk about enormous erosion of freedoms and dictatorship as a form of government. History is your guide for how dictatorships end.

See how easy it is to put two and two together. Next time try yourself and ask for help only when you spend a good part of your day on it and still fail.

[andyste]

Very few, 99% fail within their first year. Only the Alts with a specific purpose that BTC doesn't already fulfill will survive. Namely ETH and XMR 

you very underestamate
you say only monero and ethereum can suvive
this mean you say dogecoin litecoin DASH and more can fail and lost
you statemen only say without analys

[CoinsRoyal]

I honestly think that not a lot of them will survive, I have the feeling there will be some that will survive but the most will die for sure.
I think that Monero/Ethereum/dash will survive for sure.