Topic: Best Altcoin to invest in for 2016 and WHY - page 44. (Read 110264 times)

Why aren't we promoting shit coins of 2015? Still enough time left in the year to lose some money!

You do know guldencoin is the first alt to update to codebase 0.11 and now there developers are working on innovative projects. Not many coins can update because it's too hard for the devs, so they abandon the projects and recreate new coins and hype them.

I think that was disguised humor. Lol. I agree.


I emphatically disagree with the implied necessity of retail and tangible items purchasing (tangible items ordered online are relevant). Do you have any concept of how many more virtual microtransactions are done daily, many of which are monetized with an advertising model that is dying? Others are not monetized or monetized with a reputation and gift economy model.

You are incredibly stuck in the old world economy. You do not understand what is really happening. Sorry smooth is correct. I can not teach you with words. You will have to watch all your assumptions fail. I am not asserting smooth agrees with my assumptions (he doesn't even entirely know what I am up to).

Edit: the tangible economy is being destroyed as we speak by the coming Economic Totalitarianism. It is going to absolutely implode. People are going to need to do virtual commerce and be able to pay each other anonymously over the internet in order to prosper in the face of the State taxing and expropriating everything to death. The bankrupt socialist States of the West are driving the global economy into the abyss. You are focused on the dying portion of the economy. It is the virtual Knowledge Age that is growing much faster and will continue to grow.

What I see people essentially saying in this thread is that Bitcoin is autonomous. They can get access to it, spend as anonymously as they take the care to obscure their IP address, and use it without any permission or without obtaining any account with some authority. In short, permission-less commerce (do what you like, no big brother with his dick up your ass!). Most of the terms above fall under the "autonomy" umbrella taxonomy.

In my case, I don't have a utility bill matching my current address because I rent. And so I can't comply with the asinine Patriot Act KYC identification requirements that exchanges and financial institutions impose. So no worries, I just go place a buy order on localbitcoins, then go deposit some cash in a local bank and I get the BTC released an hour or so later.

Later as the bankrupted Western governments start to limit more how much money you can get out per day from your ATM account (e.g. Greece is an example of what is coming to every Western nation because they are all broke), then if you are holding crypto-currency you can sidestep these restrictions.

However, do note that Bitcoin is not reliably anonymous (unless you are for example connecting via a unregistered, public WiFi connection) as your IP address can be traced back to your identity (and Tor and I2P don't really stop the national security agencies from tracking your identity on the block chain) and so the authorities will one day in the future be clawing back against you prosecuting you for violating their regulations by using Bitcoin.

This is why I (formerly username AnonyMint since 2013) support the development of altcoins with more robust built in anonymity. Many users will not appreciate the need for this until later when so many Bitcoin users are being busted for past activity all stored on the block chain.

Autonomy again. Thanks.

I love you because I am formerly AnonyMint and since 2013 my goal has been to add more anonymity to cryptoland. Thanks for validating my thesis about a coming glorious, anonymous Knowledge Age.

Really like to see if you can prove me wrong.

What you must bear in mind is that the average Joe is not  interested in all that high tech fancy new stuff.
He just want to pay and get goods.
That is why most of these coins fail.
They only thing these coins bring to the table is hype for  pump and dump and scams.

There is a reason most of the people in the world do not know how money is being created, they are simply not interested in knowing it.
They just want to pay and get goods.
So ecosystem is a very important thing for a coin.

Take a look at Litecoin, it is in the top 10 but there is no development en the ecosystem is not growing.
It is only a matter of time before it leavs the top 10 and currently it is only used as a pump and dump coin.

I think that was disguised humor. Lol. I agree.


I emphatically disagree. Do you have any concept of how many more virtual microtransactions are done daily, many of which are monetized with an advertising model that is dying? Others are not monetized or monetized with a reputation and gift economy model.

You are incredibly stuck in the old world economy. You do not understand what is really happening. Sorry smooth is correct. I can not teach you with words. You will have to watch all your assumptions fail. I am not asserting smooth agrees with my assumptions (he doesn't even entirely know what I am up to).