What makes a good coin?

[shursight]

Im not sure if there is a topic out there like this but I haven't seen it if there is.

With so many coins out there now and many of them being scam coins, I am interested in what everyone thinks makes a good coin.

What I want is the attributes you look for, not specific coins.

[1715358138]

1715358138

[1715358138]

1715358138

[1715358138]

1715358138

[1715358138]

1715358138

[OneandOnly22]

great dev thats consistent and active in thread, support from community, roadmap, good dev team to complete their tasks on time.

[MicroGuy]

Im not sure if there is a topic out there like this but I haven't seen it if there is.

With so many coins out there now and many of them being scam coins, I am interested in what everyone thinks makes a good coin.

What I want is the attributes you look for, not specific coins.

Coin name (consumer branding), community size & involvement, plus creative, innovative, and competent development.

[shursight]

I like a coin with age. Also coins with limited supply.

[HCLivess]

Innovation
Age
Sustained support and improvement
Community

[Snail2]

Three things:

Real word services, real world services and real world services .

Maybe I'm boring with this "real world services" stuff but even the worst shitcoin could go to "da moon" if you can buy something useful for it... and the technologically best coin can worth shit if you can't use it for anything sensible.

[scryptolife]

Age shows the dev didn't just want to make a quick buck. Value comes from community.

[defaced]

Everyone has their own definition of what a good coin is.

I made my definition into FRK, MicroGuy made his into GLD (which is still the superior coin imho ). Every dev you ask has different goals. Some want short term profits, some just want to learn about btc, some are using their coins as just a smaller piece to a larger puzzle.

I like longevity, stability, age (although frk wasnt always 2 years old obv), transparent developers, innovation, activity, and over all friendliness. This space at times can be incredibly hostile. So its refreshing when the dev team arn't elitist dicks.

[bobster]

You might be interested to look at CoinGecko. CoinGecko evaluates coins based on developer activity on Github, community strength on Reddit & Facebook & Twitter, trading volume on major exchanges, public interest on Bing & Alexa, and market capitalization.

[shursight]

All good points It seems that the going consensus is age, innovation and active development team. I would tend to agree. I saw community in there too. I'm not sure I agree with community contributing to quality of  coin tho, simply because I see that many times people in the crypto world get bored with coins very fast and move on. This doesn't make a coin a bad coin. I feel that when it comes to currency( any kind of currency), value should be based on its attributes and not on trendy fads.

[Netnox]

Get into projects who's dev are visible and active in the public eye, they attend meetings, give interviews, visit conventions and have decent connections in the industry. This shows they are confident about their product with the goal to succeed.

If they have funds it should be stored in multi sig with a reputable company who does this like Koinify because they choose to cooperate only with projects who they seem to be promising and will actually sit around the table and investigate what you have to offer before accepting to work with you, through them the devs get paid on milestone vesting, paid per development. This keep the incentive much higher. These are positive indicators to invest and if succeeds the return is much higher than the average project. Gems is a good example

[shursight]

Get into projects who's dev are visible and active in the public eye, they attend meetings, give interviews, visit conventions and have decent connections in the industry. This shows they are confident about their product with the goal to succeed.

If they have funds it should be stored in multi sig with a reputable company who does this like Koinify because they choose to cooperate only with projects who they seem to be promising and will actually sit around the table and investigate what you have to offer before accepting to work with you, through them the devs get paid on milestone vesting, paid per development. This keep the incentive much higher. These are positive indicators to invest and if succeeds the return is much higher than the average project. Gems is a good example

good points that people might not look for. thanks for you input   

[dragnar]

u might wanne try and look into cann ( nice idee ) still risky ( but price is low )

[shursight]

u might wanne try and look into cann ( nice idee ) still risky ( but price is low )

Thanks for the tip but the purpose of this topic was just to have a conversation about what people think are good coin charactoristics, not coin suggestions. thanks for your input tho

[KeyserSozeMC]

Nothing else than a healthy community.
Good or bad dev, it doesn't really matter. What matters is the idea.

Just my opinion although

[dragnar]

u might wanne try and look into cann ( nice idee ) still risky ( but price is low )

Thanks for the tip but the purpose of this topic was just to have a conversation about what people think are good coin charactoristics, not coin suggestions. thanks for your input tho

dev is active
coin is for buying real world medical cannabis ( 1 coin is 1 gram ) 1 place only atm

things like this make a great coin

real world assets ( real idee ) active dev  ( non scam one )

[shursight]

Thanks for all your input people Some very good points of view. Keep them coming!

[cryptocult live]

-fair start - good initial distribution (no ico, presale, flashmine, instamine, premine, ito, ipo or other greedy crap)
-needs to be OS
-community
-scarcity (low inflation)
-hashrate
-honesty (clean, not a scam)
-good brand
-devteam
-innovation

in that order

[xmasdobo]

-fair start
-secure
-innovative
-people actually use it
-people get paid with it

other than that and its a waste of time

[sakinaka]

a innovative idea, good team and big community behind this
security is must