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Author Topic: Are the anonymity coins a 'fad' (pump of the month) like the country and animal  (Read 1645 times)
TaunSew (OP)
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July 01, 2014, 06:56:02 PM
 #1

Are the anonymity coins a 'fad' (pump of the month) like the country and animal coins?  Darkcoin was pumped to a huge capitalization but it hasn't recovered yet. 

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
tk808
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July 01, 2014, 08:05:27 PM
 #2

Summary of Alternative Coin trends January 2014 - July 2014

Nxt - Rose to top 5 of all market capitalization - IPO/2nd generation epidemic occurred (scam mania)
DogeCoin - Rose to top 3 of all market capitalization - meme, jokecoins epidemic occurred
AuroraCoin - Rose to top 2 of all market capitalization - country-air-drop epidemic occurred
DarkCoin - Rose to top 3 of all market capitalization - anonymous epidemic occurred

To a lesser degree

VertCoin - Rose to top 10 of all market capitalization - scrypt hate occurred
BlackCoin - rose to top 7 (or 8 ) of all market capitalization - proof of stake epidemic occurred



What's Next You Ask?

Smiley


Willisius
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July 01, 2014, 08:15:54 PM
 #3

Yes, and no. Anonymous coins serve a purpose, and 1-2 anonymous coins will likely make it in the long term. But also, anonymous coins are fad-like in that they're very popular now and won't be forever, much like the fads you mentioned.
kalus
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let's make a deal.


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July 01, 2014, 08:55:27 PM
 #4

Summary of Alternative Coin trends January 2014 - July 2014

Nxt - Rose to top 5 of all bags held
DogeCoin - Rose to top 3 of all bags held
AuroraCoin - Rose to top 2 of all bags held
DarkCoin - Rose to top 3 of all bags held

To a lesser degree

VertCoin - Rose to top 10 of all bags held
BlackCoin - rose to top 7 (or 8 ) of all bags held

What's Next You Ask?


fixed that for you.

DC2ngEGbd1ZUKyj8aSzrP1W5TXs5WmPuiR wow need noms
El Dude
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July 01, 2014, 09:00:59 PM
 #5

Summary of Alternative Coin trends January 2014 - July 2014

Nxt - Rose to top 5 of all market capitalization - IPO/2nd generation epidemic occurred (scam mania)
DogeCoin - Rose to top 3 of all market capitalization - meme, jokecoins epidemic occurred
AuroraCoin - Rose to top 2 of all market capitalization - country-air-drop epidemic occurred
DarkCoin - Rose to top 3 of all market capitalization - anonymous epidemic occurred

To a lesser degree

VertCoin - Rose to top 10 of all market capitalization - scrypt hate occurred
BlackCoin - rose to top 7 (or 8 ) of all market capitalization - proof of stake epidemic occurred



What's Next You Ask?

Smiley




+1

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rabbiter
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July 01, 2014, 09:09:51 PM
 #6

Anominity is an important function, the only problem is once all coins include this function will anyone care about a coin whose whole point rests on one function that everyone else has.

Darkcoin has first to market power or at least first to push the anominity function. How much that keeps it popular will be up to the future. My bets are it will die a slow death.
Baitty
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July 01, 2014, 09:40:00 PM
 #7

Some coins have potential but the majority are the same and have the same code and same features with a different looking name and client.

Currently held as collateral by monbux
El Dude
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July 01, 2014, 09:41:38 PM
 #8

Anominity is an important function, the only problem is once all coins include this function will anyone care about a coin whose whole point rests on one function that everyone else has.

Darkcoin has first to market power or at least first to push the anominity function. How much that keeps it popular will be up to the future. My bets are it will die a slow death.

Anonymous coins won't be accepted by big retailers.

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Apraksin
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July 01, 2014, 09:46:12 PM
 #9

Anonymity is a niche, and I believe at least one anonymous coin will survive and be a black horse alternative to bitcoin, but what we're seeing right now is a fad yes.

I've hedged my bets on anoncoin comming out on top for over a year now, if ANC succeeds in getting zerocoin implemented I believe the rest will be left dead in it's wake.
Brilliantrocket
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July 01, 2014, 09:52:34 PM
 #10

Anonymity is one of the most important features that a cryptocurrency can have. It's not a fad anymore than fast transactions are a fad. Many currencies claim anonymity, which in a way makes it seem like a fad, but the few that get it right will have real value.
Brilliantrocket
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July 01, 2014, 09:59:06 PM
 #11

Anominity is an important function, the only problem is once all coins include this function will anyone care about a coin whose whole point rests on one function that everyone else has.

Darkcoin has first to market power or at least first to push the anominity function. How much that keeps it popular will be up to the future. My bets are it will die a slow death.

Anonymous coins won't be accepted by big retailers.
Non-anonymous coins may be useful in some aspects, but people concerned with privacy will not use them in day to day transactions. Bitcoin is a privacy nightmare. I wouldn't use it for anything except as a store of value. If there are a significant number of people who want to use an anonymous currency, retailers will accept it.
vir6
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July 01, 2014, 10:03:02 PM
 #12

Summary of Alternative Coin trends January 2014 - July 2014

Nxt - Rose to top 5 of all market capitalization - IPO/2nd generation epidemic occurred (scam mania)
DogeCoin - Rose to top 3 of all market capitalization - meme, jokecoins epidemic occurred
AuroraCoin - Rose to top 2 of all market capitalization - country-air-drop epidemic occurred
DarkCoin - Rose to top 3 of all market capitalization - anonymous epidemic occurred

To a lesser degree

VertCoin - Rose to top 10 of all market capitalization - scrypt hate occurred
BlackCoin - rose to top 7 (or 8 ) of all market capitalization - proof of stake epidemic occurred



What's Next You Ask?

Smiley




MastCoin - Rose to top 10 of all market capitalization - buy/sell without exchange and from wallet epidemic Huh
tk808
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July 01, 2014, 10:08:09 PM
 #13

Summary of Alternative Coin trends January 2014 - July 2014

Nxt - Rose to top 5 of all market capitalization - IPO/2nd generation epidemic occurred (scam mania)
DogeCoin - Rose to top 3 of all market capitalization - meme, jokecoins epidemic occurred
AuroraCoin - Rose to top 2 of all market capitalization - country-air-drop epidemic occurred
DarkCoin - Rose to top 3 of all market capitalization - anonymous epidemic occurred

To a lesser degree

VertCoin - Rose to top 10 of all market capitalization - scrypt hate occurred
BlackCoin - rose to top 7 (or 8 ) of all market capitalization - proof of stake epidemic occurred



What's Next You Ask?

Smiley




MastCoin - Rose to top 10 of all market capitalization - buy/sell without exchange and from wallet epidemic Huh

MasterCoin could be considered part of the 2nd gen epidemic - Ripples, Nxt, eMunie, XCP and etc.. which occurred more slowly then the following of Doge's epidemic.

2nd gen coins are typically coins that have been built from scratch, Recently we sought to Incorporate ByteCoin BCN in this category, but not Monero.

On Coins Source, we don't consider clones of 2nd gen currencies.. 2nd gen.
illodin
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July 01, 2014, 11:16:46 PM
 #14

Anonymous coins won't be accepted by big retailers.

So you're saying if Bitcoin implemented anonymity tomorrow all the retailers who are accepting it now would stop accepting it?

lol
reRaise
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July 01, 2014, 11:23:06 PM
 #15

Anonymous coins won't be accepted by big retailers.

So you're saying if Bitcoin implemented anonymity tomorrow all the retailers who are accepting it now would stop accepting it?

lol

Bitcoin won't implement anonymity because:

Apart from the possibility of regulatory issues, if the blockchain/transaction record is hidden, then groups of pool owners of large pools could potentially collude to double spend, and if there is no transaction record, then this will not be detectable. Other such scenarios exist as well - remember that the blockchain is a public ledger designed to prevent or record fraud. Hiding this exposes the coin to serious risks.

People are too paranoid and those who implement it probably want to ride the hype. I'm actually glad some coins such as Bitcoin, Litecoin. Doge and Quark stayed out of this.
El Dude
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July 01, 2014, 11:26:59 PM
 #16

Anonymous coins won't be accepted by big retailers.

So you're saying if Bitcoin implemented anonymity tomorrow all the retailers who are accepting it now would stop accepting it?

lol

Most probably yes.

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kelsey
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July 01, 2014, 11:30:01 PM
 #17

funny the more scammy it is the more it gets mentioned which helps with the pumps.
okthen
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July 01, 2014, 11:38:00 PM
 #18

It's a temporary FAD.
Maybe some will survive and be used in some kind of black market.
No way a totally anonymous coin will become accepted and legalized.
Bizmark13
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July 02, 2014, 02:29:32 AM
 #19

Are the anonymity coins a 'fad' (pump of the month) like the country and animal coins?  Darkcoin was pumped to a huge capitalization but it hasn't recovered yet. 

Yes and no.

It is a bit fad-like but unlike country and animal coins, anonymous coins introduce a new feature to the market that is in demand. Animal coins faded away when the hype surrounding them died and every single country coin launched has turned out to be a major disappointment. But I think that there would always be the case for an anonymous cryptocurrency, although they will probably only appeal to a small niche once the current hype/craze/fad subsides.
vir6
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July 02, 2014, 08:11:00 AM
 #20

Summary of Alternative Coin trends January 2014 - July 2014

Nxt - Rose to top 5 of all market capitalization - IPO/2nd generation epidemic occurred (scam mania)
DogeCoin - Rose to top 3 of all market capitalization - meme, jokecoins epidemic occurred
AuroraCoin - Rose to top 2 of all market capitalization - country-air-drop epidemic occurred
DarkCoin - Rose to top 3 of all market capitalization - anonymous epidemic occurred

To a lesser degree

VertCoin - Rose to top 10 of all market capitalization - scrypt hate occurred
BlackCoin - rose to top 7 (or 8 ) of all market capitalization - proof of stake epidemic occurred



What's Next You Ask?

Smiley




MastCoin - Rose to top 10 of all market capitalization - buy/sell without exchange and from wallet epidemic Huh

MasterCoin could be considered part of the 2nd gen epidemic - Ripples, Nxt, eMunie, XCP and etc.. which occurred more slowly then the following of Doge's epidemic.

2nd gen coins are typically coins that have been built from scratch, Recently we sought to Incorporate ByteCoin BCN in this category, but not Monero.

On Coins Source, we don't consider clones of 2nd gen currencies.. 2nd gen.

Sorry but MastCoin has nothing to do with MasterCoin
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