Full list of truly decentralized altcoins.

[deodivine1]

I've not really come across any project coin that meets all the criteria for being decentralized on that list, so in other words none is decentralized? Well it's your opinion, there is no "perfect coin" per say, there must be some form of short comings.

[helpix.world]

Only Bitcoin is truly decentralized in my opinion. Every other coin created after Bitcoin has known the owner and holds a majority percent of coins. Even if some of those coins hadn't any ICO, they started mining early, so they must have more than any other people.

I don't think having the coin distributed unevenly wouldn't be called decentralized, the only way for a coin to be called decentralized is no one controls it, even if the coin distributed is top heavily.

Premining usually goes to an individual or a group of individuals that "control" the coin. Thus for some period of time they happen to have the majority of coins and sometimes they choose to premine the absolute majority of all the coins.
Those funds give them the possibility to manipulate the market, to promote their coin among people not aware about the issue and its deep implications, to grant bounties to the people ready to follow their instructions and opinions and so on.
In this sense premining gives to the "founders"/"owners" a competitive advantage over any other group or individual potentially interested to contribute, making the coin to some degree centralized.
Hope it makes sense.
  

[helpix.world]

I've not really come across any project coin that meets all the criteria for being decentralized on that list, so in other words none is decentralized? Well it's your opinion, there is no "perfect coin" per say, there must be some form of short comings.

Seems like you are right and I have to remove Monero from the list as well.
@hanniabu has explained here why Bisq can't be considered fully trustless thus we can't say that Monero is fully decentralized according to above criteria.

[slashz9]

good advice but not really good for investment if you put in all above criteria.
and i think the closest to the criteria is bitcoin, but not at all, some people or group has a lot bitcoin now, and almost all coin is being handle by some group/people who has lot money to collect it.

[helpix.world]

good advice but not really good for investment if you put in all above criteria.
and i think the closest to the criteria is bitcoin, but not at all, some people or group has a lot bitcoin now, and almost all coin is being handle by some group/people who has lot money to collect it.

I think that the above criteria reflect the original idea of BTC. Many coins claim to be the next BTC, but if they fail to understand the reasons of BTC success, indulging themselves with premine, centralized management and so on, they are only fooling themselves and their customers.

[redsun114]

I've not really come across any project coin that meets all the criteria for being decentralized on that list, so in other words none is decentralized? Well it's your opinion, there is no "perfect coin" per say, there must be some form of short comings.

Exactly. There is always some sought of lacking in one way or the other. Like there is no perfect market, no perfect trading and no perfect anything, there is no perfect coin. Even Bitcoin has limitations and this is the reason it is not really accepted by every government around the world. But I believe we will move to the point of perfection, at least in Bitcoin.

[Fedrey]

if Bitcoin will have such long-term transactions in the future, as well as a large price per transaction, then this will really negatively affect its development in the future.  Although I definitely believe that only the full implementation of Bitcoin in the daily life of a person, as well as using it as a means of payment, improve his position in the cryptocurrency market and Bitcoin will have real prospects in the future.

[neonshium]

good advice but not really good for investment if you put in all above criteria.
and i think the closest to the criteria is bitcoin, but not at all, some people or group has a lot bitcoin now, and almost all coin is being handle by some group/people who has lot money to collect it.

I think that the above criteria reflect the original idea of BTC. Many coins claim to be the next BTC, but if they fail to understand the reasons of BTC success, indulging themselves with premine, centralized management and so on, they are only fooling themselves and their customers.

The best coin in the market right now is Bitcoin and had it been perfect and flawless, it would have not been demanded so much and would not have made so big so far. However in days to come, there might be great improvement in the coins and by the ways it is more better to make use of Bitcoin than to use the rest of currencies which have high adoption costs and transaction costs.

[siorapokk]

It would be a great idea to create such a list, but a lot of people would understand that their beloved coins are centralised and not decentralised. Investors do not even realise yet that XRP is a centralised asset.

[SaRmY]

It would be a great idea to create such a list, but a lot of people would understand that their beloved coins are centralised and not decentralised. Investors do not even realise yet that XRP is a centralised asset.

Centralized or decentralized. Many here are just for profit. Most investors do not even understand what a blockchain is. I think it only cares about specialists. Which are looking for decentralization in cryptocurrency.

[helpix.world]

Update: Since there is no coins compliant to our criteria at the moment it worth looking for the coins that are fully decentralized but not traded on any true DEX.

[sieemma]

This is a good list and the issue we are all facing is that most alts are not decentralized as you wish so we just have to take them as they are. What it takes a coin these days to be outstanding is its price. If everything is decentralized and price is too low, no one will consider your project worth investing.

[helpix.world]

This is a good list and the issue we are all facing is that most alts are not decentralized as you wish so we just have to take them as they are. What it takes a coin these days to be outstanding is its price. If everything is decentralized and price is too low, no one will consider your project worth investing.

The investment strategies and parameters may vary. However I'm not suggesting any investment here, it's just a research I'm doing for myself hoping someone can give me a good hint.

[Ucy]

I don't not understand why people don't consider projects funded through ICO as decentralized enough... there are reallly nice cryptocurrencies that were funded through ICO. 
Bad ICO publicity is probably why we don't have good projects thesedays and good developers are shying away from ico due to this. Their only alternatives are the slow way of developing projects or getting funded by few wealthy investors who may or may not be crypto enthusiasts.


It's is interesting that Dan Larimer's Bitshare made it o your list. 

[helpix.world]

I don't not understand why people don't consider projects funded through ICO as decentralized enough... there are reallly nice cryptocurrencies that were funded through ICO. 

The issuer of ICO should be usually a centralized organization/team. Don't really know whether it's possible to create an ICO by a decentralized group of people.

It's is interesting that Dan Larimer's Bitshare made it o your list. 

This research is challenging my previous ideas as well. The original distribution of Bitshare was done through Protoshares as I know. Protoshares wasn't premined and as they did a coding error the mining period was much shorter than it was supposed to, so Dan Larimer specifically was not able to mine what he was going to and was forced to buy. All this is perfectly within our criteria. Additionally I'm seeing a not well coordinated communication, broken links on their ANN, no "customer support" which make me think that their structure is rather decentralized than not. The same conclusion have come to the management of coinpaprika.
Additionally I'm seeing that the Larimers are launching BEOS these days and they don't have all the support of Bitshares community that they would have if they were a kind of "dictators" or "owners".
Maybe I'm missing something if so please let me know.

[helpix.world]

Guys I'm looking into Aeon coin. Do you think preannouncement 6 hours before launch is to be considered fair?

[novusordo]

Recently Tron Sacked CTO was sacked and he claimed that Tron Blockchain is no longer decentralized and it made me wonder, what does the uninformed cryptocurrency populace care. decentralized or nondecentralized, how does it affect trading

[helpix.world]

Recently Tron Sacked CTO was sacked and he claimed that Tron Blockchain is no longer decentralized and it made me wonder, what does the uninformed cryptocurrency populace care. decentralized or nondecentralized, how does it affect trading

This is not specifically a trading thread. However while trading more or less centralized coins one accepts some additional layers of risk.  

[helpix.world]

I think Slimcoin meets our criteria.

[sorrros]

Grin? or TurtleCoin hyped by McTurtle ? 
And why you need such altcoin when Bitcoin fulfill all your requirements and it is a certainty that he will not die?