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October 28, 2017, 06:02:06 PM |
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Being in crypto for number of years, I see the trend of growing branches, cloning, forking, creating endless number of coins as contraproductive to the whole concept of virtual currency. Is there any project or community actually looking into merging the best algos and strongest coins into a main code stream ?
I understand the need to support multiple algos, hardware etc, but look into ann thread it's overloaded by crap and the "mainstream" is far from what we know as open-source code development. There are some exceptions, fine but they stick with particular coin and are not very flexible.
Here's what I would like to see:
1. coin that merges multiple existing algos, protocols and hardware support and gives user friendly access to users and merchants. As the main purpose of currency should be paying for goods and services this would be the main goal.
2. code that would be worked by multiple development groups, tested properly and released using industry standard approach Remember we're talking alts here, not BTC.
3. growing services using (1) implemented in a way that even dramatic change of code and features wouldn't bring service down or in danger Common services like mobile apps, credit cards, loan services, eshop apis, merchant tools, payment gateways, exchanges..
So far I can see just more and more greedy people who approach the market in a "get-quick-rich" way and add to already full portfolio, usually something very poor. Even ICOs that are able to accumulate resources are heading this way?
Is this a good way of popularizing crypto? No. Average Joe doesn't need to know how it all works. He needs something easy enough to be used, secure, ideally protecting privacy and stable as hell. Each project/coin has parts of this, but nobody is looking into joining efforts together. It's not a rocket science to establish working communication channels and bring skilled people to togetgher.
Question - would anyone be interested? Would this work in the end? I would like to know opinions of this amazing community and eventually put together bunch of people who would be willing to organize this. Fragmented resources all around the world are there and once we join them together, result must be much better than what we have today.
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