Why are no anonymous altcoins being widely utilized?

[choochimil]

Because price and volume are so unstable

[Decksperiment]

They aint bitcoin, just look at lat.. if your no fast, your last

[thelibertycap]

In the grand scheme of things anonymous altcoins are in the phase 1 "Technology Trigger".
Or altcoins are dead.

I can't imagine anything in between.

Certainly they are not in the "Plateau of Productivity" phase because: Look at the title of this thread

[Decksperiment]

Quite simply, not interested..

[nutildah]

Watch Brazil or read 1984...it used to be fiction but it will be reality should we not create the tools and means to resist.

Its true.. we should all remember to be more like Harry Tuttle.

No but really, if you haven't seen Brazil yet, go watch it... Yes its worth the time out of your life.

As far as the anon thing goes, if you compare the contributions and activity on GitHub of darkcoin and monero you will see that there is a lot more development and contributors on the darkcoin side. Monero is too hyped, requires too much - some would say relentless - spamming in order to retain relevance... plus it has a dumb name.

Oh, and the reason why nobody uses them is because nobody really uses bitcoin, either. Adoption is going more slowly than some (me) had anticipated, but the technology is still under construction altogether... there has to be more every-day use instead of pure speculation.

[tspacepilot]

I still think the main reason why no anonymous altcoins are being widely utilized comes from the fact that altcoins in general aren't being widely utilized.  I mean, it's a subset relation.  If altcoins aren't being widely utilized then it's clear that no subset of them is being widely utilized either.  So your question really becomes about why altcoins aren't being so widely utilized.  To answer that you have to realized that even bitcoin is only barely being "widely utilized" and a lot of folks, myself included, don't really want to contribute energy to side projects that take away from the potential to grow bitcoin.

For me, once bitcoin has become a staple of everyday life for even a large minority of the people of the earth, then I'll consider looking more closely at competitors.

[smooth]

As far as the anon thing goes, if you compare the contributions and activity on GitHub of darkcoin and monero you will see that there is a lot more development and contributors on the darkcoin side.

This is largely bullshit. Monero development is more decentralized. Development happens primarily on many different github repos belonging to developers and contributors, whereas darkcoin has more going right on the main repo.

(This is not intended to say that darkcoin doesn't have some numerically larger amount of development/commits/whatever, I don't know and it wouldn't surprise me given that darkcoin is a larger and older coin with more money going into development. I'm just saying that "Look at the github!" does not tell the correct story.)

Oh, and the reason why nobody uses them is because nobody really uses bitcoin, either. Adoption is going more slowly than some (me) had anticipated, but the technology is still under construction altogether... there has to be more every-day use instead of pure speculation.

This is 100% not bullshit.

[smooth]

I still think the main reason why no anonymous altcoins are being widely utilized comes from the fact that altcoins in general aren't being widely utilized.  I mean, it's a subset relation.  If altcoins aren't being widely utilized then it's clear that no subset of them is being widely utilized either.

The "subset" part is logically true but if you look at the altcoin projects that are not:

1. intended as mere interconnections between banks/exchanges/etc. (ripple/stellar)
2. In zombie state (ltc, nmc)
3. "Platforms" for DAO, etc. (BTS, maybe NXT)
4. Obvious scams (I'm not going to name names but you pretty much know who they are if you are paying attention)

i.e. actual coins intended to be used as coins, there are in fact very few left and the list is dominated by DRK and XMR and a few others (PPC, maybe DOGE, I don't really follow either).

I see three (somewhat) viable niches for altcoins at the moment:

1. interconnection tokens
2. app/DAO platforms
3. anon coins

[tspacepilot]

I still think the main reason why no anonymous altcoins are being widely utilized comes from the fact that altcoins in general aren't being widely utilized.  I mean, it's a subset relation.  If altcoins aren't being widely utilized then it's clear that no subset of them is being widely utilized either.

The "subset" part is logically true but if you look at the altcoin projects that are not:

1. intended as mere interconnections between banks/exchanges/etc. (ripple/stellar)
2. In zombie state (ltc, nmc)
3. "Platforms" for DAO, etc. (BTS, maybe NXT)
4. Obvious scams (I'm not going to name names but you pretty much know who they are if you are paying attention)

i.e. actual coins intended to be used as coins, there are in fact very few left and the list is dominated by DRK and XMR and a few others (PPC, maybe DOGE, I don't really follow either).

I see three (somewhat) viable niches for altcoins at the moment:

1. interconnection tokens
2. app/DAO platforms
3. anon coins

You have an interesting point that the altcoins which are intended to be used as coins are an even further subset of the zoo that's out there.  I have to say that one of the reasons I'm so turned off by altcoins is not only my feeling that I'd rather focus on bitcoin and bring energy there (for now) but also the circus of altcoins which as you say, many are scams, many are zombies, etc, has left me turned off.  I suppose that with time the wheat will be sorted from the chaff but I'm just staying away for the time being (and I think many others probably feel the same way).

[Decksperiment]

Guys/gall's, there is simply no incentive to use anything other than bitcoin, and even bitcoin has come to the point where the majority of user's have become so tight, that new user's to bitcoin realise it's not worth the hassle anymore.. new user's cant mine when they realise the cost of mininng from home, and most new user's will just say fuck that.. so folks say use the faucet's.. the origional was good, ya got 1 btc, but now look at it.. instant reward's paid instantly, to another external wallet that is not paying out instantly.. why would anyone wanna stick with crypto currency at all?

In the end, long term bitcoin users are grabbin what they can and giving out so little, it is pointless to new user's.

Long term bitcoiners cant see for the btc sign in their eye's..

[no141]

Simply put in any e-coin, the rich or the originators get rich or richer. There's not really many faucets that aren't ad supported anymore, and faucets pay out so little. New users learn to cheat the system, put in the long hours for pennies, or give up. It's the same way for all the coins, but you can lose out of your work or cheating with alt-coins. All the alt-coins are diluting the cash that is going into these currencies, and most of them have no future. It takes hard work and a unique idea to get a coin that gets traction, otherwise it needs to ride on top of bitcoin to be valuable.

As for why you can buy so much more with bitcoin than anything else, is liquidity. RonPaulcoin is still trading good, but is it only on one exchange? That's not very liquid. There's many more examples, coins need to have direct coin to fiat, and have many avenues for that to be useful for more things like everyday purchases.

[Cheesus]

Simply put in any e-coin, the rich or the originators get rich or richer. There's not really many faucets that aren't ad supported anymore, and faucets pay out so little. New users learn to cheat the system, put in the long hours for pennies, or give up. It's the same way for all the coins, but you can lose out of your work or cheating with alt-coins. All the alt-coins are diluting the cash that is going into these currencies, and most of them have no future. It takes hard work and a unique idea to get a coin that gets traction, otherwise it needs to ride on top of bitcoin to be valuable.

As for why you can buy so much more with bitcoin than anything else, is liquidity. RonPaulcoin is still trading good, but is it only on one exchange? That's not very liquid. There's many more examples, coins need to have direct coin to fiat, and have many avenues for that to be useful for more things like everyday purchases.

Darkcoin nearly as liquid as Bitcoin, but they are not as widely traded. Why? 

[rustynailer]

A nice and easy marketplace for the novice and a truly anan coin to spend there would be a big step forward.

[erpbridge]

I would say the main reason is that they are not required in every situation. for example, if I intend to remain anonymous for a transaction, then I would do so by using that currency , but I won't be really using it all the time. And the number of times they are required is less, as bitcoin already covers that gap for normal usage.

[no141]

Simply put in any e-coin, the rich or the originators get rich or richer. There's not really many faucets that aren't ad supported anymore, and faucets pay out so little. New users learn to cheat the system, put in the long hours for pennies, or give up. It's the same way for all the coins, but you can lose out of your work or cheating with alt-coins. All the alt-coins are diluting the cash that is going into these currencies, and most of them have no future. It takes hard work and a unique idea to get a coin that gets traction, otherwise it needs to ride on top of bitcoin to be valuable.

As for why you can buy so much more with bitcoin than anything else, is liquidity. RonPaulcoin is still trading good, but is it only on one exchange? That's not very liquid. There's many more examples, coins need to have direct coin to fiat, and have many avenues for that to be useful for more things like everyday purchases.

Darkcoin nearly as liquid as Bitcoin, but they are not as widely traded. Why?  

Stigma. The word dark, is bad for some people. It's never got to the place it should be because of this. The good news is dark is become Dash. This can change everything and finally get it to the number 2 position with the possibly of usurping bitcoin. Time will tell, but a push in price can still be expected now from the name change news. This isn't like bitcoin, there's not as many coins out there, with huge demand and so few selling. It's a great time to be in dark, the deciding factor is how it changes over to Dash, but they changed names before, they can do it again.

So be patient, and I think the first alt-coin to go majorly mainstream will be Dash.

[TinEye]

Not enough liquidity for them to be able to move big amounts. Using exchanges, mixers etc it is easy to wash BTC so there is no reason to try an altcoin which is difficult to liquidate.

[Joshuar]

Not enough liquidity for them to be able to move big amounts. Using exchanges, mixers etc it is easy to wash BTC so there is no reason to try an altcoin which is difficult to liquidate.

As anaylsis programs get better, this will become a much less viable option(Google chainanaylsis and what happened a few days ago with Bitcoin). Besides that, when you use mixers, there's a high chance of getting someone else's tainted coins, whether it be a scammer or whatnot, there's a chance you'd be getting dirty coins back. And, of course, there's the chance of the mixer scamming you yourself and just running away with your Bitcoins.

[smooth]

Not enough liquidity for them to be able to move big amounts. Using exchanges, mixers etc it is easy to wash BTC so there is no reason to try an altcoin which is difficult to liquidate.

As anaylsis programs get better, this will become a much less viable option(Google chainanaylsis and what happened a few days ago with Bitcoin). Besides that, when you use mixers, there's a high chance of getting someone else's tainted coins, whether it be a scammer or whatnot, there's a chance you'd be getting dirty coins back. And, of course, there's the chance of the mixer scamming you yourself and just running away with your Bitcoins.

Mixers on bitcoin are great in theory but in practice have never really worked well for all the reasons you state. Also:

1. Mixers may be honeypots that are themselves collecting data or being spied upon. There is no way for you to ever know.
2. You can't really mix very much on most mixers, because the volume going through them is low. Try to mix a lot and you either get a lot of your own coins back, or you wait forever.

[MickGhee]

My opinion is none of these coins will truly make u invisible. They didn't bust dpr because of Bitcoin. It was all other actions he did around it  As long as u have to
A use the web
B cash out

You will never be unseen it's just how bad they want u .  Remember anarchist are smart government is too government pays better where u think the smartest people go?

[saddampbuh]

because its still fairly easy to hide btc profit from taxman if you aren't stupid and impatient, when governments get their act together coins with anon features will increase in popularity, that could take a while i mean look at how useless authorities are at catching cybercriminals, they are 5 years behind