Only 4 altcoins exist that provide additional value over bitcoin...

[michielnl]

See http://www.heavy.com/tech/2013/12/datacoin-info/

Ian classifies Datacoin as a special type of cryptocurrency or Distributed Autonomous Corporation that has functions outside of monetary exchange. He says, “Currently, there are only 4 coins that stand out for giving more value than a simple currency: Mastercoin, Protoshares, Namecoin and Datacoin.” These coins have an advantage over Bitcoin because they add intrinsic value to the currency.

The page also has a link to Datacoin [GIVEAWAY]

Please note: the author has long positions in the 4 coins above ;-)

=> Let's PUMP and not dump ;-)

Please provide your comments

[digicoin]

Direct competition to Bitcoin is impossible. However, I find some chances that altcoins can gain ground in niche markets. For example: Diamond - DMD can have strong potential in gaming industry, dating social networks ... With a proper marketing strategy, DMD can be accepted by gaming community and some social networks very soon.

That's why I want to add DMD into the list.

[Hampuz]

Stablecoin?

[int3ractivodular]

Stablecoin?

Yep, Stablecoin has some awesome potential. Also lol @ a list that doesn't contain XPM. Obviously there's no intrinsic value there... 

[MaGNeT]

Things change fast in the crypto world, won't bet on it

[extortion]

This list is a joke.
$.
{
Datacoin sounds like a neat idea, but i put it right up there with solar powered cars, because its just plain impractical.
}
{
Mastercoin is a scam/serves no real purpose, and cannot survive without bitcoin.
}
{
Namecoin was a cool idea that is ultimately going nowhere.
}
{
Protoshares is a hype bubble waiting to implode, with a possibility of launching mini scamcoins within its blockchain in the mold of Mastercoin
}
... shall i continue?

[michielnl]

@extortion , yes please continue ... :-) good to read !

[rrsn2006]

Namecoin and Datacoin have some value..Mastercoin and protoshares are scamsters..

[pand70]

I don't agree with people that are looking for extra value to cryptocurrencies but if so you should add primecoin to the list.

[The Goat Master]

Devcoin?  It gives coins to open source projects.  I've had some holdings in it for a long time and it recently went up 1000% on vircurex.

[FiniteByDesign]

What about CGB and the MADEsparq project tied to CGB's blockchain???
https://cryptogenicbullion.org/#papers

You are missing the biggest one IMHO.

[paul44]

Thanks for the link to the article, quite an interesting read

+1 for Devcoin.

[maxsolnc]

Don't forget that it's only his opinion. Here can come developers of each coin and give reasons why their coins also have such value. Another opinion can be, for example : quarkcoin, novacoin, goldcoin (not mine of course )

[Kane49]

What about Doge ? its the only coin that has its own language.

[paul44]

Completely agree maxsolnc. All of the information is gathered from people who likely have an interest in how those altcoins perform. Interesting though.

[bobbahope]

Really?

Namecoin is interesting, and has potential.

Datacoin, also has potential, but is only just starting out, so I wouldn't put more than 20-40 dollars into it.

Protoshares haven't even started out yet, they're just hype for a currency which won't come out for at least half a year, if ever. I've held on to about 5 percent of those I mined at the beginning because the concept could do well, but I wouldn't invest anymore until they actually put something of use out.

Mastercoin, sadly enough, appears to be doomed. They're main selling point was that they were like colored coins, but had a huge fund to expedite development. It appears that the people running it are absolute morons, as they're first real developer isn't even going to start until February, and the creator owns something like a quarter of all coins.( They claim this was fair as he sent in a couple hundred Bitcoins for these mastercoins, into a pool he controlled- where everyone else's risk was that he was a scammer.)


If I had to choose the best four current alts,

Namecoin would be there as something with potential, but unlikely to gain too high a value(as that could actually hurt it's usefulness).

Datacoin would be worth investing into, but far too risky at this point for any significant funds. Haven't seen what will happen when someone uploads cp for instance...

Peercoin, as one of the most innovative coins. Money supply increased in such a way that no holder's holdings actually decrease as a percentage of the whole(i.e. Money supply increased via interest on everyone's holdings.), environmentally friendly, much lower risk of 51....

Anoncoin - They're implementing zerocoin. I'd put in about 2-5 percent, just to see how they fare.

I'd probably add litecoin as well, not for any benefits it provides, which it doesn't really, but because of brand recognition.

[bgman]

Really?

Namecoin is interesting, and has potential.

Datacoin, also has potential, but is only just starting out, so I wouldn't put more than 20-40 dollars into it.

Protoshares haven't even started out yet, they're just hype for a currency which won't come out for at least half a year, if ever. I've held on to about 5 percent of those I mined at the beginning because the concept could do well, but I wouldn't invest anymore until they actually put something of use out.

Mastercoin, sadly enough, appears to be doomed. They're main selling point was that they were like colored coins, but had a huge fund to expedite development. It appears that the people running it are absolute morons, as they're first real developer isn't even going to start until February, and the creator owns something like a quarter of all coins.( They claim this was fair as he sent in a couple hundred Bitcoins for these mastercoins, into a pool he controlled- where everyone else's risk was that he was a scammer.)


If I had to choose the best four current alts,

Namecoin would be there as something with potential, but unlikely to gain too high a value(as that could actually hurt it's usefulness).

Datacoin would be worth investing into, but far too risky at this point for any significant funds. Haven't seen what will happen when someone uploads cp for instance...

Peercoin, as one of the most innovative coins. Money supply increased in such a way that no holder's holdings actually decrease as a percentage of the whole(i.e. Money supply increased via interest on everyone's holdings.), environmentally friendly, much lower risk of 51....

Anoncoin - They're implementing zerocoin. I'd put in about 2-5 percent, just to see how they fare.

I'd probably add litecoin as well, not for any benefits it provides, which it doesn't really, but because of brand recognition.

Zerocoin will be released as a new coin so I would wait until it comes out to invest in that rather than Anoncoin.

[maxsolnc]

Datacoin would be worth investing into, but far too risky at this point for any significant funds. Haven't seen what will happen when someone uploads cp for instance...

Just want to sum up all thoughts about this.

1. As I said earlier, there is no simple way to get files from blockchain. You cannot open it and see some sequence of bytes, copypaste it and get CP picture. All files are translated into special format even if they're unencrypted.
2. Quote from reddit's user tehfiend: "For example I could create a binary that when fed Windows system files creates an illegal file as it's output. That doesn't make the Windows system file itself illegal as it needs to be "transformed" by an algorithm. The same is true with the Datacoin blockchain if that makes sense... Regardlless, if this became an issue, a filter could be created that allows users to block sections of the blockchain in their client but this obviously is very undesirable" . I agree - it is pretty simple to create such filters to avoid people from opening\storing some files from blockchain.
3. And yes, don't forget: it's possible to upload CP into blockchain of Bitcoin\Namecoin\etc. So it's your choice: to be or not to be. Not only datacoin, you can get virus that will store CP on your hard drive, and you won't know about that. What is safe - not to use computer But even in that case, if police want to arrest you for any case, it can just fraud you with drugs or weapons - still popular practices in many countries.

[bobbahope]

Datacoin would be worth investing into, but far too risky at this point for any significant funds. Haven't seen what will happen when someone uploads cp for instance...

Just want to sum up all thoughts about this.

1. As I said earlier, there is no simple way to get files from blockchain. You cannot open it and see some sequence of bytes, copypaste it and get CP picture. All files are translated into special format even if they're unencrypted.
2. Quote from reddit's user tehfiend: "For example I could create a binary that when fed Windows system files creates an illegal file as it's output. That doesn't make the Windows system file itself illegal as it needs to be "transformed" by an algorithm. The same is true with the Datacoin blockchain if that makes sense... Regardlless, if this became an issue, a filter could be created that allows users to block sections of the blockchain in their client but this obviously is very undesirable" . I agree - it is pretty simple to create such filters to avoid people from opening\storing some files from blockchain.
3. And yes, don't forget: it's possible to upload CP into blockchain of Bitcoin\Namecoin\etc. So it's your choice: to be or not to be. Not only datacoin, you can get virus that will store CP on your hard drive, and you won't know about that. What is safe - not to use computer But even in that case, if police want to arrest you for any case, it can just fraud you with drugs or weapons - still popular practices in many countries.

I understand that, and I don't think it should matter. "Should" being the critical word here. I'm willing to put in a little money because of that, but I think the concept of datacoin as a permanent way of storing things online would mean that cp being uploaded to it would have a far greater impact than if it were put into Bitcoin or Namecoin.

[maxsolnc]

Datacoin would be worth investing into, but far too risky at this point for any significant funds. Haven't seen what will happen when someone uploads cp for instance...

Just want to sum up all thoughts about this.

1. As I said earlier, there is no simple way to get files from blockchain. You cannot open it and see some sequence of bytes, copypaste it and get CP picture. All files are translated into special format even if they're unencrypted.
2. Quote from reddit's user tehfiend: "For example I could create a binary that when fed Windows system files creates an illegal file as it's output. That doesn't make the Windows system file itself illegal as it needs to be "transformed" by an algorithm. The same is true with the Datacoin blockchain if that makes sense... Regardlless, if this became an issue, a filter could be created that allows users to block sections of the blockchain in their client but this obviously is very undesirable" . I agree - it is pretty simple to create such filters to avoid people from opening\storing some files from blockchain.
3. And yes, don't forget: it's possible to upload CP into blockchain of Bitcoin\Namecoin\etc. So it's your choice: to be or not to be. Not only datacoin, you can get virus that will store CP on your hard drive, and you won't know about that. What is safe - not to use computer But even in that case, if police want to arrest you for any case, it can just fraud you with drugs or weapons - still popular practices in many countries.

I understand that, and I don't think it should matter. "Should" being the critical word here. I'm willing to put in a little money because of that, but I think the concept of datacoin as a permanent way of storing things online would mean that cp being uploaded to it would have a far greater impact than if it were put into Bitcoin or Namecoin.

People who are afraid of that can store DTC in online wallets or VPS (just save wallet.dat on local computer, and use small VPS for wallet). Anyway, there will be many people who are not afraid and who will support the redundancy of network.