Cryptocurrency with the best distribution?

[digitalindustry]

so summary:

- Monero weak.

- Myriad, Quark are robust.

The weak will under-perform against the robust in the medium to long term.

OK. So now please try to add some reasoning to your opinion. What makes them weak or robust?

(Actually everyone has just told me to ignore you )

"everybody" said Bitcoin was going higher from $600~ ; D

"everybody" is a little hurt right now an needs a hug?


I explained it quite clearly I expect "everybody" doesn't want to listen, again {yawn}

the algorithm matters the "tech insider" gimmick is old now< lets explain that to be very crystal clear:

any "new" algo has this effect basically, I explained this, and the effect (which is temporary) of course means the "tech insiders" get the "privilege" on distribution -

this is really no different to Bitcoins many "controversies" but as you can see its a temporary effect.

so it's weak, your price is not a real price becasue the market has not had sufficient access to the entity to price it, its quite simple and i expect "everybody" would like to ignore it of course.

but "everybody" needs to understand who wins in the long term, because "everybody" knows how much of your market is fake.

[1714902577]

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[1714902577]

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[1714902577]

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[digitalindustry]

Any PoW crypto is weak due to fiat leak. There you go, almost makes a rhyme. Electricity/datacenter renting fees are the sword of Damocles overhanging PoW economy. With the looming exception (still to be confirmed) of those PoW cryptos that mine most of their supply quickly enough and then go PoW/PoS, PoS, or use a different mechanism to protect their network but at the same type do not stay very inflationary (auXPoW in Doge, 5-algo in Myriad although the prospects of Myriadcoin are bleak due to no meaningful community). But you probably will refute this argument for some reason, and it's ok

yes you are correct well done, I will refute that.

now explain to me how i say :

"you are stupid"

without offending you?

how about like this:

"yes very good, you have realized that Myriad and others are down in price right now, so this tells me you have eyes and can count to 10, this however doesn't make a good basis for an argument to invest, because you see {I've now slowed down my talking} generally when you are an "investor", you like to buy things when they are cheap and sell them higher."

the opposite of that is called "losing wealth"

so yes very good you have noted that crypto that are distributed both fairly quickly and or with common algos drop to the market price, this is an amazing observation i think for yourself.

now you just have to figure out the rest, which is that scamming a price high doesn't mean you sucker new people.

wow

[testz]

Best distribution has BitSharesX 50% AGS/50% PTS owners, more details here: http://wiki.bitshares.org
Genesis block: https://raw.githubusercontent.com/dacsunlimited/bitsharesx/master/libraries/blockchain/genesis.json

PS: All comming BitShares family (BitShares DNS/Vote/Music/Me/Play, etc) has same distribution model.
PS2: 10 of October snapshot for BitShares Music, more details here: https://bitsharestalk.org/index.php?topic=9387.0
PS3: Ethereum probably also has good distribution, but not released yet.

[V500]

one of the best distributions has Unobtanium since it is with many different miners and investors. Many miners were holding the coins. 1 year distribution to 11000 wallets.
Top 10 wallets only hold 15% of supply. Pretty much everyone bought their coins at the market or was mining hard for them. It is in fact one of the better distributed coins.

Since it wasn't hyped up a lot and is longterm play it slipped under the radar of many. Worth a look. Good future outlooks.

[cosmoo]

I agree with what most people in here said, that distribution is hard to pin down because wealth naturally accumulates to a small amount of people (80/20 rule), imo the closest fact you can get here are the total number of addresses created and the distribution of coins in those addresses.

I wrote about it in depth in this thread: https://bitcointalk.org/index.php?topic=800481.0
it's on Digitalcoin (a coin i'm bagholding) but you can ignore that.

I really like this block explorer, to make this simple just check out this pie chart
https://chainz.cryptoid.info/dgc/#!rich
The larger the green portion, the healthier the coin, in a nutshell. Just take into account how many addresses are in existence and you've got a pretty good picture of distribution.

[BitcoinCharlie]

one of the best distributions has Unobtanium since it is with many different miners and investors. Many miners were holding the coins. 1 year distribution to 11000 wallets.
Top 10 wallets only hold 15% of supply. Pretty much everyone bought their coins at the market or was mining hard for them. It is in fact one of the better distributed coins.

Since it wasn't hyped up a lot and is longterm play it slipped under the radar of many. Worth a look. Good future outlooks.

UNO is great for the future outlook. A lot of miners have shifted their hashing to UNO now that BTC has tanked.  Much more profitable...

Also, it has a great and active community that is in it for the long haul. There's no pump and dumpers.  The world is beginning to catch on to the fact that it's a no inflation coin. Plus the fact that there's the ability to convert back and forth for precious metals is an attractive piece as well.

[fuguebtc]

captcoin has very good distribution.
The dev needs to release merchants which can use the coin to attract interest.

[cosmoo]

So as to avoid that distribution, one could merely execute the "20" - evolving (by artificial selection) humanity.

i mean if genocide is your thing.. that's why i'm so into bitcoin, it levels the financial playing fields like a nuclear bomb

[NewLiberty]

This ties into why World Dollar (http://www.world-dollar.com) is so brilliant, no-one has to "buy" into it, and everyone is integrated into it as it is distributed to everyone, equally. Expect big things from WLD.

Slightly more accurately, one "buys in" to world dollars by creating a video of oneself advocating world dollars.
Essentially, it outsources the advertising content creation in exchange for the world currency.  This is a form of legitimate trade, more than a gift.
The first big thing I would expect is a compilation video, of anyone world dollar thinks is interesting to have in its video.
I see nothing much wrong with this, though you may want to get releases from the video submitter permitting your reuse.
I wish you good fortune with this enterprise.

[stellarman]

Following.

[rpietila]

This ties into why World Dollar (http://www.world-dollar.com) is so brilliant, no-one has to "buy" into it, and everyone is integrated into it as it is distributed to everyone, equally. Expect big things from WLD.

Slightly more accurately, one "buys in" to world dollars by creating a video of oneself advocating world dollars.
Essentially, it outsources the advertising content creation in exchange for the world currency.  This is a form of legitimate trade, more than a gift.
The first big thing I would expect is a compilation video, of anyone world dollar thinks is interesting to have in its video.
I see nothing much wrong with this, though you may want to get releases from the video submitter permitting your reuse.
I wish you good fortune with this enterprise.

This is actually an interesting experiment.

- What's currently the value of "1 share"?
- How does the developer recoup the costs?
- How are the middle, business and 1st class formed?
- How many people currently in?

[world-dollar]

This ties into why World Dollar (http://www.world-dollar.com) is so brilliant, no-one has to "buy" into it, and everyone is integrated into it as it is distributed to everyone, equally. Expect big things from WLD.

Slightly more accurately, one "buys in" to world dollars by creating a video of oneself advocating world dollars.
Essentially, it outsources the advertising content creation in exchange for the world currency.  This is a form of legitimate trade, more than a gift.
The first big thing I would expect is a compilation video, of anyone world dollar thinks is interesting to have in its video.
I see nothing much wrong with this, though you may want to get releases from the video submitter permitting your reuse.
I wish you good fortune with this enterprise.

This is actually an interesting experiment.

- What's currently the value of "1 share"?
- How does the developer recoup the costs?
- How are the middle, business and 1st class formed?
- How many people currently in?

- "1 share" is 10,000 WLD, which has been mainly trading for .01 BTC so far
- There's no 1 developer in the sense that there is a network of issuers and a network of platforms where World dollars can be used for payments & trading. Issuers could charge small fees for the services provided (although, the first issuer, http://www.coinautonomy.com is issuing free of charge atm), and trading/ payments platforms can take commissions. Plus, there could be big money to be made, albeit at high risk. for buying up large volumes of WLD at the current prices its trading at.
- There is no middle, business, 1st class, everyone gets same amount, 10,000 WLD
- Approx. 100 atm. Would expect the number to spike significantly with big news coverage. But many thousands of subscribers, it's definitely a concept that's got people interested & talking about it.

[rpietila]

The topic is as interesting as ever. I am bookmarking this for possibly renewed research/debate.

[Bralex]

The most fair distribution i can think of is where everyone has the same chance of accumulating roughly the same amount of currency for roughly the same amount of work to get said currency, i think magi coin and burst have fair distribution using computer to mine coins but obviously if they need money they sell for less than market rate and someone with money gains them cheaper. All the game is rigged so if it starts fair does not mean it will end fair

[stopsigningbitch]

http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins

[rpietila]

That's a good one.

For the future, the issue remains that if you start something new, the first people that are likely to hear about it, are already in a good position in life. If they are rewarded for their early adoptership with a price rise, the resulting distribution of money will be quite unequal. Is it possible to leverage this situation somehow that the world becomes a better place through wealth inequality (as it has been reached in a voluntary way)?

Every attempt so far to make world a better place through forced equality has been anything between sad and a disaster.

[smooth]

That's a good one.

For the future, the issue remains that if you start something new, the first people that are likely to hear about it, are already in a good position in life. If they are rewarded for their early adoptership with a price rise, the resulting distribution of money will be quite unequal. Is it possible to leverage this situation somehow that the world becomes a better place through wealth inequality (as it has been reached in a voluntary way)?

I don't know if it is possible to do something helpful. But it is possible to at least "do no harm" by not distributing an absurd fraction of the coins on the first days, weeks, etc.

[alani123]

the top 100 users hold at least 20 percent of the wealth

source: http://www.newrepublic.com/article/121089/how-small-bitcoin-miners-lose-crypto-currency-boom-bust-cycle

Bitcoin is the most accepted and well known cryptocurrency, yet we see this problem affecting it as well.

The problem with cryptocurrency economies is that they're small. Small to a point that comparing them to the dollar or any other major fiat currency is an unfair comprasion.

We see some of the world's richest men and we admire them and their families because they earned their wealth by running successful businesses well. It's different with cryptocurrencies however. Let's say that someone wanted to hold 0.1% of dogecoin for example. All he'd have to do is buy it directly or invest in a mining operation. Earning it would work as well but surely needs more effort. That means that anyone with pre-existing wealth can hold a big chunk of each cryptocurrency's total coin cap effortlessly.

I don't think that there's any way or reason to prevent this though.

[funtotry]

A good idea for a new coin (if your a communist) is automatic wealth distributions every day. Slowly the richer lose while the poor get more 

[rpietila]

the top 100 users hold at least 20 percent of the wealth

source: http://www.newrepublic.com/article/121089/how-small-bitcoin-miners-lose-crypto-currency-boom-bust-cycle

Sad but true, one more article is equating blockchain addresses with individual wealth. They have 0% nothing to do with each other.

The argument is true, but the proof is totally false.