The ideal cryptocurrency. What should it be?

[AndreyBelts]

I think, we need a new topic.

To gather into it all the problems that our community faces when working with crypto-currencies and understand: what should it be - " the ideal crypto currency"?
And, why do we need it?


The first problem. Uncontrolled growth of the commission for the transaction.

The second problem. A sharp slowdown in transaction speed, due to increased load on the system.



Add problems. Everybody is invited.

[nastaverba]

The third problem - centralization.
Cloud mining, mining pools where the most mining power is concentrated; exchanges that concentrate cryptocurrency and are popular sources of buying/selling cryptocurrencies.

The fourth problem - lack of anonymity.
Exchanges again - you need to provide personal info to be registered on some of them.

Does anyone agree with that?

[Vit83]

Ideal cryptocurrency is linked with real world;) U must be able to buy it everywhere and spend it everywhere with low commissions from your phone in one two clicks)

[Spoetnik]

What does the price of Bitcoin tell you ?
We need more ICO's ? 
Uhmm duh ?

[liangweicha]

The block is not congested, the transfer speed is fast, I think this is the most ideal state, the block data is synchronized fast.

[kaeluxdeuz]

Any platform that has a good working product, that is Decentralized and that works for the community and society as a whole would be the ideal cryptocurrency.

[LancelotRay]

The third problem - centralization.
Cloud mining, mining pools where the most mining power is concentrated; exchanges that concentrate cryptocurrency and are popular sources of buying/selling cryptocurrencies.

The fourth problem - lack of anonymity.
Exchanges again - you need to provide personal info to be registered on some of them.

Does anyone agree with that?

Well, yeah, but all things considered. What would you say is the ideal cryptocurrency right now then? Despites the faults.

Ideal cryptocurrency is linked with real world;) U must be able to buy it everywhere and spend it everywhere with low commissions from your phone in one two clicks)

Haha, I don't know about everywhere, since a lot of places already accept BTC but I think that's the true end goal.

[penig]

What are the requirements?  I would say ideal cryptocurrency should be fast, near 0 fees and stable in price.

But I dont care much about decentralisation, so have missed that out.  Many are more interested in making money so price volatility would not concern them.

Techincally speaking, if you want something fast, low fee and decentralised you probably need to make it genuinely peer to peer, remove the blockchain from the client.  A distributed blockchain with common access.  I could see something like a coin that exists on one of the storage crypto frameworks being ideal.

[ico_reviews]

The ideal cryptocurrency would vary depending on who you ask.
It's all a matter of what ICO you decide to invest in.
A good habit is to look at ICO reviews & ratings before investing.

https://cryptorated.com/ico-reviews/ is a great place to start!

[AndreyBelts]

What does the price of Bitcoin tell you ?
We need more ICO's ? 
Uhmm duh ?

Yes, we need more ICO's, but we don't need more SCAM-ICO's.

[AndreyBelts]

Ideal cryptocurrency is linked with real world;) U must be able to buy it everywhere and spend it everywhere with low commissions from your phone in one two clicks)

"Ideal cryptocurrency is linked with real world" - Gold words!
I thinking about it.

[AndreyBelts]

The third problem - centralization.
Cloud mining, mining pools where the most mining power is concentrated; exchanges that concentrate cryptocurrency and are popular sources of buying/selling cryptocurrencies.

The fourth problem - lack of anonymity.
Exchanges again - you need to provide personal info to be registered on some of them.

Does anyone agree with that?

Yes, i'm agree. But....
On the other hand, the anonymity of clients allows exchanges to steal money from their accounts with impunity.

[AndreyBelts]

The block is not congested, the transfer speed is fast, I think this is the most ideal state, the block data is synchronized fast.

Yes, but where can we find a technical solution?
Any ideas?

[AndreyBelts]

What are the requirements?  I would say ideal cryptocurrency should be fast, near 0 fees and stable in price.

But I dont care much about decentralisation, so have missed that out.  Many are more interested in making money so price volatility would not concern them.

Techincally speaking, if you want something fast, low fee and decentralised you probably need to make it genuinely peer to peer, remove the blockchain from the client.  A distributed blockchain with common access.  I could see something like a coin that exists on one of the storage crypto frameworks being ideal.

I believe that modifying the algorithm of the blockchain (primarily a mechanism to harmonize transactions) for speed post transactions - possible.

[danmoris]

Any platform that has a good working product, that is Decentralized and that works for the community and society as a whole would be the ideal cryptocurrency.

So true! It needs to work in the real world otherwise it's pointless. It needs to be accepted by the community.

[Vit83]

forgot one big thing, coin must be protected from asics and big miners. Better to mine on CPU or some hybrid POS+POW. Also it must have limited quantity.

[fatenmo]

I think Ethereum or Ripple should be the ideal cryptocurrency. They're both popular and used by many organisations but one is decentralized and the other is not.

[AndreyBelts]

forgot one big thing, coin must be protected from asics and big miners. Better to mine on CPU or some hybrid POS+POW. Also it must have limited quantity.

"Limited quantity" it not a goal, it's inflation protection. Right?

[Yeperdoodle]

My perfect crypto should be secure (including wallets) , fast, cheap tx fees, DECENTRALIZED, popular among masses, highly used.

[shakerpartymaker]

First of all it should be easy to use. I mean that it should be fast and have low transaction fees.
Secondly, it should be accepted as widely as bank cards.
Thirdly, it has to be easy to earn, because only a few people can afford themselves mining and trading.