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Question: Vircurex: Which of these coins would you like to see onVircurex  (Voting closed: May 31, 2013, 05:38:02 PM)
WDC - 202 (24.6%)
GLD - 79 (9.6%)
BTE - 14 (1.7%)
BTB - 21 (2.6%)
RYC - 5 (0.6%)
LKY - 56 (6.8%)
YKC - 8 (1%)
FC2 - 8 (1%)
DGC - 199 (24.2%)
None of them are of relevancy - 165 (20.1%)
PXC - 64 (7.8%)
Total Voters: 821

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Author Topic: Vircurex: Which of these coins would you like to see on Vircurex  (Read 12956 times)
Kumala
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May 24, 2013, 05:38:02 PM
 #1

We are receiving quite a number of inquiries to list additional coins. There are already 12 coins traded on Vircurex in addition to USD and Euro, thus we'ld like to better gauge the community's interest to list additional coins.

This vote is NOT a commitment to list the winner, it is purely a market research action. If the vote turns out a promising candidate we will most likely put it up for vote to the Vircurex shareholders.


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May 24, 2013, 05:41:57 PM
 #2

I would say GLD   Cheesy

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May 24, 2013, 05:43:24 PM
 #3

None of them. I think vircurex became a trash can for the cryptocurrencies (luckily not at bter level). You should remove the useless coin and make a better and cleaner layout for the homepage

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May 24, 2013, 05:43:29 PM
 #4

defin goldcoin
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May 24, 2013, 05:45:55 PM
 #5

There's enough random coins on vircurex already, IMO.

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May 24, 2013, 05:48:44 PM
 #6

What's the downside of adding more?  It just "looks bad?"  Might as well add them and let the market sort them out, then take down the losers.
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May 24, 2013, 05:55:30 PM
 #7

The down side of adding more coins is it lessens the legitimacy of all coins. I agree there are way to many now with very little market participation. I say vircurex should get rid of some BS coins....
I tried to use this exchange and it was very poor in my opinion. I would take a look at btc-e if I was them. It may look crappy but it is very easy to use and understand... CHANGE THE WORDING AND LAY OUT!!!! USE SELL AND BUY make it easier to use! 

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Kumala
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May 24, 2013, 05:56:30 PM
 #8

None of them. I think vircurex became a trash can for all cryptocurrencies. You remove some of them and make a better layout for the homepage

The objective of Vircurex was always to promote the alt-chains, and as such it was a natural development to list as many of them as feasible. Unfortunately the recent increase in number of alts has made it difficult to support every single one of them. Going forward we will focus more on what difference the alt makes to the community, only changing reward, speed, etc won't be sufficient. Further listings of coins will require some act of innovation, something new, something that the community is looking for.

Having said that, obviously we reserve the right to delist any currency as and when we see it in the interest of our shareholders.


What's the downside of adding more?  It just "looks bad?"  Might as well add them and let the market sort them out, then take down the losers.
Adding a currency does take quite a bit of work, technically adding a currency takes less than 30 Minutes, but then what needs to be considered:
 - risk of double spend attacks
 - hard forks
 - "tiny" temporary forks
 - lack of block chain explorers
 - extra efforts when delisting a "hardly ever traded currency",  we are still geting inquiries about SC which we delisted weeks ago
 - constant upgrades when the developers throw new versions on the market
 - cluttered screen that puts off the users
 - additional server resources  (running a 16GB PC at home costs hardly anything, but check out what running a 16GB server in a datacenter costs you)
 - risk of DDOS and other malicious activites because parts of the community are not happy with the choice of listing a coin
 - trojan horses and other backdoors that migth be build in
 - and so on and on and on.

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May 24, 2013, 05:59:33 PM
 #9

My vote would be defaced's somewhat overlooked Franko.

https://bitcointalk.org/index.php?topic=202417.0
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May 24, 2013, 06:00:49 PM
 #10

i think it wont take long before the exchanges will stop adding new coins. Only if they are really innovative.
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May 24, 2013, 06:03:31 PM
 #11

PXC doesn't need an exchange, it has it's own in a few days/weeks.
But if there was a second exchange, VirCurEx would be the right one  Smiley

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May 24, 2013, 06:05:59 PM
 #12

DGC is ready. We have a solid block chain and community, as well as many projects in development.
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May 24, 2013, 06:07:25 PM
 #13

DGC is ready. We have a solid block chain and community, as well as many projects in development.

I wish digital community a lot of succes.
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May 24, 2013, 06:23:10 PM
 #14



GLD Smiley

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May 24, 2013, 06:24:09 PM
 #15

voted for WorldCoin. Honestly surprised V hasnt added it already.
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May 24, 2013, 06:25:17 PM
 #16

Worldcoin is ready and would work well with it. The network adjusts well to hashrate changes, and has already handled a severe miner rush before. Now it's ready for the next level.

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May 24, 2013, 06:28:44 PM
 #17

DGC because the developer is the most active of all the altcoins.  Plus he has the support from the community and network has been growing steadily since launched.

-tb-

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May 24, 2013, 06:33:09 PM
 #18

None of them. I think vircurex became a trash can for all cryptocurrencies. You remove some of them and make a better layout for the homepage

The objective of Vircurex was always to promote the alt-chains, and as such it was a natural development to list as many of them as feasible. Unfortunately the recent increase in number of alts has made it difficult to support every single one of them. Going forward we will focus more on what difference the alt makes to the community, only changing reward, speed, etc won't be sufficient. Further listings of coins will require some act of innovation, something new, something that the community is looking for.

Having said that, obviously we reserve the right to delist any currency as and when we see it in the interest of our shareholders.


What's the downside of adding more?  It just "looks bad?"  Might as well add them and let the market sort them out, then take down the losers.
Adding a currency does take quite a bit of work, technically adding a currency takes less than 30 Minutes, but then what needs to be considered:
 - risk of double spend attacks
 - hard forks
 - "tiny" temporary forks
 - lack of block chain explorers
 - extra efforts when delisting a "hardly ever traded currency",  we are still geting inquiries about SC which we delisted weeks ago
 - constant upgrades when the developers throw new versions on the market
 - cluttered screen that puts off the users
 - additional server resources  (running a 16GB PC at home costs hardly anything, but check out what running a 16GB server in a datacenter costs you)
- risk of DDOS and other malicious activites because parts of the community are not happy with the choice of listing a coin
 - trojan horses and other backdoors that migth be build in
 - and so on and on and on.


Wow I am surprised that you admit that when looking at a candidate coin that you apparently think has merit, it might not be listed because of Ddos fears from people not happy that you added it. That is quite a statement. I'm sure that there are many stakeholders in LTC that would not be happy to see ANY alt added. I bet BTC millionaires probably dont want any other coin ever added either.

I'm just surprised this line of thought is taken when considering adding a new coin, and even more surprised that you are willing to state this publicly. Seems like a self-fufilling prophecy. If you add a coin, you get Ddos to make you think twice before ever adding a new coin, since the attackers know this plays a role in your acceptance policy.
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May 24, 2013, 06:35:20 PM
 #19

Voted for PhenixCoin.

Lately I've been sticking to BTC/LTC. The developers of PXC are actually creating a demand for their coin, by offering services(full casino, their own exchange, etc) where their coin can be used.

It is still relatively new and more profitable at current rates its selling at vs. difficulty.

Smiley
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May 24, 2013, 06:35:36 PM
 #20

Makes no sense to add DGC instead of WDC, since WDC came first and is slightly faster.

On a separate note, expected trade volumes should be a factor for Kumala... in terms of how many BTC worth of the coin would get traded a day (that's where he gets his money from alongside withdrawal fees). That could make BTB a good pick since it had 20 BTC of volume yesterday on bter, putting it at the same level of trading volume as TRC for that exchange.

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