What features should a new leading currency have to become bigger then btc/eth?

[TheLuckyBastard]

I think that current leaders will fall once the new one appears.
Not tomorrow, but within the next years.

Here is my top3 features a new leader should have.
1. High transaction volume scale from millions to billions.
2. Low transaction fees.
3. Real assets behind it, so everybody know it can't fall under certain level or it will buy itself back and stop the fall.

What would be your top picks?

[dissident]

Transactions per second in the hundreds to thousands.

Blockchain Trim, which is already available via PascalCoin and their account numbers system.. a max blockchain size of 6GB is just about perfect.

Some sort of price stability would be nice, but not necessary as I view these more as investments at this point... any price stability will come from me simply holding USD on GDAX or Gemini until a better solution is provided besides Tether, which I don't trust.

Instant verification of transactions without the need to wait a half hour or more to prevent double spending.. according to Pascalcoin's whitepaper, they may also have addressed this issue... this will come with time.. in 2 years we shouldn't have to wait 30 minutes for funds to show up on poloniex, but we will because we'll still likely be using BTC as the gold standard, and as great as it is, it's outdated code.

Low fees, of course. Many coins have solved this.

[Fatoshi]

Easy Xytabytes. It solves 51% attack, Its infinitely scalable and will like ETH have the ability for any modules to be built upon it using ANY programming language.

This is probably the only way to make a big ROI in this ICO crazy world.

[Herbert2020]

there are a lot of these things around, and everyone thinks their coin is the one replacing bitcoin.
and you know what, i agree with what you said "it will happen in the future". but the problem currently is that as you can see from the previous 2 comments people don't want a "currency" they want "an investment" or in other words they want to make profit.
that is why nobody makes any of these with a currency in mind and that is why none of them has became the leading "currency" so far.

[Fatoshi]

there are a lot of these things around, and everyone thinks their coin is the one replacing bitcoin.
and you know what, i agree with what you said "it will happen in the future". but the problem currently is that as you can see from the previous 2 comments people don't want a "currency" they want "an investment" or in other words they want to make profit.
that is why nobody makes any of these with a currency in mind and that is why none of them has became the leading "currency" so far.

Thats insulting. I invest in projects I genuinely believe will be successful based on intrinsic innovation not on some ETH fleeting fashion that will pump and then disappear. Of course I can be wrong but usually I'm not wrong on the tech but on the intelligence of the masses to understand a technology is so innovative.

AND if I believe in a technology I also invest because I don't see them as exclusive. I have NEVER bought a single ETH even though I knew they would be a great investment as I see them as flawed and bank backed. I am far more principled than I'm sure the shit ETH dice ICOs you invest in.

So fuck you and your little incorrect and arrogant judgments.

[TheLuckyBastard]

Actually it's a very good point that a new leader that I thinks would surely come or evolve from one of the current projects should have good investment opportunity at it start.

But I think of this question more long-term like 10+ years.
And the real value in my mind is becoming a widely accepted currency.

The concept of virtual uncontrolled money is here to stay, but I am sure it won't be bitcoin in the future and not ethereum if they don't evolve fast enough.

Security of the network itself is a big issue.
Everybody talks about the ability to get 51% to make a fork, but there is one more thing.

It's very important that an attack that aims to stop all transactions in the network entirely for month cost at least 20% of the currency market cap.
We will see attacks from governments pretty soon and they will be perfectly fine to spend a couple of billions $$ for this.

[williamuk]

I think that current leaders will fall once the new one appears.
Not tomorrow, but within the next years.

Here is my top3 features a new leader should have.
1. High transaction volume scale from millions to billions.
2. Low transaction fees.
3. Real assets behind it, so everybody know it can't fall under certain level or it will buy itself back and stop the fall.

What would be your top picks?

1. I agree

2. No transaction fee is justified IMO. I don't pay someone to hand over a few dollar bills to a friend, if crypto requires fees then it's worse than fiat. Millions of computers form networks around these crypto tokens, that should be more than needed for any transaction processing on a P2P basis

3. No need for real assets IMO. Adoption and real world use, such as acceptance from a large number of real world merchants/vendors, would be enough as bitcoin proved

4. I'd add: no "I'll print myself a billion $' worth of the stuff just cuz" ICO type setup or the whole thing is exploitation by definition

5. A fixed quantity of tokens: one of the main attractions is the ability to escape from endless fiat devaluations

Let me know if you find this, I can't wait 

[qiwoman2]

Easy Xytabytes. It solves 51% attack, Its infinitely scalable and will like ETH have the ability for any modules to be built upon it using ANY programming language.

This is probably the only way to make a big ROI in this ICO crazy world.

Is it still early enough to invest in XYTABITES or is it too late for me to pick some up? I like to diversify and I am also looking at STRATIS as well as a new platform. What other good platform coins would you suggest?
What do you guys think about ARDOR? That seems streamlined enough as well.

[TheLuckyBastard]

2. No transaction fee is justified IMO. I don't pay someone to hand over a few dollar bills to a friend, if crypto requires fees then it's worse than fiat. Millions of computers form networks around these crypto tokens, that should be more than needed for any transaction processing on a P2P basis

The transaction fee must be there. Even if the network can handle billions of daily transactions it would be spammed and die without the transaction fees.
The other thing is that transaction fees can appear when the network reaches the 20% of it's max capacity.
The people providing infrastructure for the network must earn money. It can be through emission or transaction fees.
For wide adoption emission and no fees is better.

Let me know if you find this, I can't wait 

I don't find one right now, but I am planning to build one from scratch )

[williamuk]

The transaction fee must be there. Even if the network can handle billions of daily transactions it would be spammed and die without the transaction fees.
The other thing is that transaction fees can appear when the network reaches the 20% of it's max capacity.
The people providing infrastructure for the network must earn money. It can be through emission or transaction fees.
For wide adoption emission and no fees is better.

The thing is I don't think transactions fees applied to transfers from one wallet to another would be acceptable to anyone, not with a token used as currency and not in an environment unlike the mania we are witnessing now. I read a statement from Vitalik Buterin stating, I paraphrase, "it's going to be a wonderful world, you'll have to pay for everything you do" . I hope for his sake he was being cynical and mocking instead of hopelessly self-delusional.

I read your point about transaction spamming and don't have a reliable answer to that but I would expect that in a P2P context (reducing the need for infrastructure, billions of transactions daily would mean how many computers?) spammers would mostly hurt themselves (and for what purpose?). For token to fiat transactions and other peripheral services, providers would apply fees that should make spamming uneconomical (?)

When the mania subsides, the question many will ask is "why would I pay Buterin for something in his 'wonderful world'  that I already get for free with fiat in the real world". I don't think a currency that milks its users by charging for basic transactions could succeed. Sorry for being so negative.

I don't find one right now, but I am planning to build one from scratch )

I genuinely hope you succeed

[Ayers]

I think that current leaders will fall once the new one appears.
Not tomorrow, but within the next years.

Here is my top3 features a new leader should have.
1. High transaction volume scale from millions to billions.
2. Low transaction fees.
3. Real assets behind it, so everybody know it can't fall under certain level or it will buy itself back and stop the fall.

What would be your top picks?

good dev team that is not mia after day 1, no instamining of any kind, bullshit % to dev is crap i don't want that, low transaction fee coem to a cost miners need their revenue, and there must be a pow otherwise it's crap from the start, but out of these the most important is real usage and not just pump and dump on rigged poloniex lol

[TheLuckyBastard]

good dev team that is not mia after day 1, no instamining of any kind, bullshit % to dev is crap i don't want that

Ayers, what dev-team motivation would you find to be fair?

That's the hard question.
To really push the currency you need a A-class team and it costs.
It not only the code, it's pushing the currency to be widely accepted, evangelism, PR, conferences, regulating price drops and managing finances to grow that back the currency.

My thoughts that the devs motivation should be tied to the growth of the currency market cap to keep them motivated in the interest of all holders.
The currency grows - devs get some % from market cap, the currency falls - no bonuses for devs untill new groth is acheived.

[Fatoshi]

Easy Xytabytes. It solves 51% attack, Its infinitely scalable and will like ETH have the ability for any modules to be built upon it using ANY programming language.

This is probably the only way to make a big ROI in this ICO crazy world.

Is it still early enough to invest in XYTABITES or is it too late for me to pick some up? I like to diversify and I am also looking at STRATIS as well as a new platform. What other good platform coins would you suggest?
What do you guys think about ARDOR? That seems streamlined enough as well.

Its Xtrabytes. No its perfect time to invest because in 1-2months we don't know exactly the core code will go open source and it will definitely make a moon shoot then.

[TheLuckyBastard]

I read your point about transaction spamming and don't have a reliable answer to that but I would expect that in a P2P context (reducing the need for infrastructure, billions of transactions daily would mean how many computers?) spammers would mostly hurt themselves (and for what purpose?). For token to fiat transactions and other peripheral services, providers would apply fees that should make spamming uneconomical (?)

I actually got an idea how to make 99.9% transactions free and keep transaction spam away that could ruin any network.
Very high fees when the network reaches it limits, so that anybody planning a transaction-spam attack know, that each minute network downtime would cost them a fortune.

Transaction spam attack is when you create lots of transactions and put on hold the transactions of all the other people.

[Fragbait]

What would be your top picks?

* No pre-mine
* Super secure hashing
9 rounds of hashing from 6 hashing functions
(blake, bmw, groestl, jh, keccak, skein)
3 rounds apply a random hashing function
* CPU / GPU mining
* Quick block generation: 30 seconds
* 2048 QRK per block (halving every 60480 blocks ~ 3 weeks)
* Block reward will never drop below 1 QRK
* Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)
* Difficulty re-targets every 20 blocks (maximum 10% up or 50% down)
* Bill Still endorsement

[furylmz]

What would be your top picks?

* No pre-mine
* Super secure hashing
9 rounds of hashing from 6 hashing functions
(blake, bmw, groestl, jh, keccak, skein)
3 rounds apply a random hashing function
* CPU / GPU mining
* Quick block generation: 30 seconds
* 2048 QRK per block (halving every 60480 blocks ~ 3 weeks)
* Block reward will never drop below 1 QRK
* Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)
* Difficulty re-targets every 20 blocks (maximum 10% up or 50% down)
* Bill Still endorsement

If they do, none of them will stay.Btc and eth pass.If Btc comes to these features,so big

[Alex-Z]

It must make the payments secure and fast. Also, it should become more widespread, than BTC.
Besides, I think that its legality in most countries will be a plus

[cenqiaougubz085]

I think that current leaders will fall once the new one appears.
Not tomorrow, but within the next years.

Here is my top3 features a new leader should have.
1. High transaction volume scale from millions to billions.
2. Low transaction fees.
3. Real assets behind it, so everybody know it can't fall under certain level or it will buy itself back and stop the fall.

What would be your top picks?

i think one surpass eth/btc must solve the problems eth/btc can't solve, and it will also need time to test, the new currency need a strong team and maybe some luck

[susila_bai]

If the Segwit2x is success in BTC then hardfork wont be needed and then the price & transaction problem will be solved and BTC price will soar rise in high , then no one will be asking for another BTC type coin in the market.

[williamuk]

I read your point about transaction spamming and don't have a reliable answer to that but I would expect that in a P2P context (reducing the need for infrastructure, billions of transactions daily would mean how many computers?) spammers would mostly hurt themselves (and for what purpose?). For token to fiat transactions and other peripheral services, providers would apply fees that should make spamming uneconomical (?)

I actually got an idea how to make 99.9% transactions free and keep transaction spam away that could ruin any network.
Very high fees when the network reaches it limits, so that anybody planning a transaction-spam attack know, that each minute network downtime would cost them a fortune.

Transaction spam attack is when you create lots of transactions and put on hold the transactions of all the other people.

If you can achieve that you've hit home run I think