Cryptocurrency Category | Bitcointalksearch.org

ityandsyn

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Quote from: Thymoty on July 06, 2019, 07:24:58 AM

for now.. I know the Cryptocurrency / Crypto Innovation is divided into 14 categories;
(Storage, Privacy coin, Social, Market Prediction, IOT, Lightning Network, Payment, Dapp, Stable Currency, DEX, Exchange Token, Dapp Platform, IFO, Games).
according to you whether the category of Cryptocurrency / Crypto Innovation will increase because of the many new concepts that emerge.

There's changes nowadays , so meaning it's moving up and it means more people will attract of crypto currencies , I think this will cause of price increase , so totally these innovation will help crypto industry growing up and provide a bright future .

FanEagle

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I think these are the ones we have managed to open just for now, I am sure crypto currency will be able to bring more categories into life and one thing people may forget that blockchain has been used as a database for a while as well, just for an example I have read last year something about a Bahamian government using ethereum blockchain to keep the authentication of the individuals so they would be able to get it wherever they go and print out whenever they need it without needing to carry it with themselves. So, there is a lot of categories we can use it right now but its not nowhere near the end just yet, we will have a lot more in the future as well.

Dapp for example didn't existed like just couple years ago and now its a multimillion dollar deal for the economy, same thing will happen over and over again in each category crypto decides to participate in.

ivankoh

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Innovation and use of cryptocurrencies continue to be developed to date, there may be more innovations with cryptocurrencies in the future. There are many advantages that cryptocurrencies have, so that many people make their own cryptocurrencies with the latest innovations

because the results of crypto are very promising so that many people will come and innovate to become rich in crypto themselves. because the passage of time the crypto currency is increasingly expensive and increasingly popular as well

Investing in the cryptocurrency market is a huge opportunity for investors to capture new trends to get big profits. Besides, there are still many weaknesses and risks for newcomers because of lack of understanding about crypto and risk of scam very much.

Ucy

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I doubt this will cause an increase in price unless the projects actually do what they were created for. For some strange reason, Decentralized exchange is one of the few categories that is doing quite well. Guess developers don't have the will to make other categories work.

FrozenBit

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Quote from: Thymoty on July 06, 2019, 07:24:58 AM

for now.. I know the Cryptocurrency / Crypto Innovation is divided into 14 categories;
(Storage, Privacy coin, Social, Market Prediction, IOT, Lightning Network, Payment, Dapp, Stable Currency, DEX, Exchange Token, Dapp Platform, IFO, Games).
according to you whether the category of Cryptocurrency / Crypto Innovation will increase because of the many new concepts that emerge.

When the need to open a business becomes more, it is also the time when many new ideas are established. I really like the way that startups struggle to compete for their market share in the crypto market.
But I see that many projects are now heading to Dapp Platform, Payment and exchange.
It is also seen as one of the industries that bring high profit value to investors and potential for startups.

nightways

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Quote from: Thymoty on July 06, 2019, 07:24:58 AM

for now.. I know the Cryptocurrency / Crypto Innovation is divided into 14 categories;
(Storage, Privacy coin, Social, Market Prediction, IOT, Lightning Network, Payment, Dapp, Stable Currency, DEX, Exchange Token, Dapp Platform, IFO, Games).
according to you whether the category of Cryptocurrency / Crypto Innovation will increase because of the many new concepts that emerge.

All that is not even necessary, there is enough space for everyone to build their own project, and I don’t even think cryptocurrency has anything like categories… if it does, then I don’t know about that, but what I do know is that anyone can build their own project no matter what it is, as long as you know that the project is good and is going to benefit people, then you can throw it out and get lots of investors to invest and grow the business as well. There’s really no need for all these you have mentioned here.

Febo

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Quote from: Harlot on July 07, 2019, 02:24:03 PM

Quote from: Febo on July 07, 2019, 10:34:12 AM

Privacy coins dont exist. They are just a cryptocurrencies. Money have to be fungible. And for a cryptocurrency to be fungible it needs opaque ledger. It is silly to call coins private, if they are just what money should be.

Privacy coins do exists just look out news on how countries like Japan and Korea are planning to remove complete the listings of this "anonimity/privacy coins" that is currently available on their exchanges. Some popular anonimity coins like Monero, Zcash, and Dash are more anonymous compared to Bitcoin thus making a shift from criminals doing illicit activities from the coins I have mentioned, even the authorities have said that they know that these cryptocurrencies now are being used to criminal activities.

They dont exist. They are just simply crypto currency coins. They are made as digital cash should be. They are made how Aristotel in 300 BC wrote money should be fungible : http://www.marketoracle.co.uk/Article10370.html

3.) It must be divisible. Money should be relatively easy to separate and re-combine without affecting its fundamental characteristics. An extension of this idea is that the item should be 'fungible'. Dictionary.com describes fungible as:
"(esp. of goods) being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind."

All coins that are not fungible like Bitcoin are simply not a cryptocurrencies, but a transparent ledger cryptocurrencies.

BrewMaster

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it is best if you clarify that these are the categories that you have come up with not something that is going on. many of these categories don't make any sense, for example what does "social" mean? is it the usage of blockchain technology in social media platforms which has never happened yet? or for example "Market Prediction" is not even a valid category! it is just what a group of people in this industry are focusing on.

as for what is going to grow more in the future, i have to say as the name suggest (crypto-"currency") those that focus on the currency aspect, starting from bitcoin, are going to be the successful ones. other areas are still not explored at all or just looked at as a possibility.

TheGreatPython

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Quote from: Thymoty on July 06, 2019, 07:24:58 AM

for now.. I know the Cryptocurrency / Crypto Innovation is divided into 14 categories;
(Storage, Privacy coin, Social, Market Prediction, IOT, Lightning Network, Payment, Dapp, Stable Currency, DEX, Exchange Token, Dapp Platform, IFO, Games).
according to you whether the category of Cryptocurrency / Crypto Innovation will increase because of the many new concepts that emerge.

We still have many more years into cryptocurrency development and lots of innovations will still arise, prior to when all these categories became visible, I am sure we may not have more than 1 or 2 categories, but as time goes by, and the crypto spaces expanded, and we started having different people with different innovations with the promises of using the blockchain technology to solve some challenges we may never have thought of.

We have deep thinkers in the world, and some of them are yet to know about cryptocurrency or blockchain, as they get exposed to them, they will gradually come up with their own innovations too, and one of the greatest innovations I really admire is the lightning network. I also love that of privacy coin, and mostly payment.

Harlot

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Quote from: Febo on July 07, 2019, 10:34:12 AM

Privacy coins dont exist. They are just a cryptocurrencies. Money have to be fungible. And for a cryptocurrency to be fungible it needs opaque ledger. It is silly to call coins private, if they are just what money should be.

Privacy coins do exists just look out news on how countries like Japan and Korea are planning to remove complete the listings of this "anonimity/privacy coins" that is currently available on their exchanges. Some popular anonimity coins like Monero, Zcash, and Dash are more anonymous compared to Bitcoin thus making a shift from criminals doing illicit activities from the coins I have mentioned, even the authorities have said that they know that these cryptocurrencies now are being used to criminal activities.

Findingnemo

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Quote from: Thymoty on July 06, 2019, 07:24:58 AM

for now.. I know the Cryptocurrency / Crypto Innovation is divided into 14 categories;
(Storage, Privacy coin, Social, Market Prediction, IOT, Lightning Network, Payment, Dapp, Stable Currency, DEX, Exchange Token, Dapp Platform, IFO, Games).
according to you whether the category of Cryptocurrency / Crypto Innovation will increase because of the many new concepts that emerge.

Cryptocurrencies just fall under a category called money, because it can be applied to anywhere we need money to be used.

But this made lot of opportunities for the people to create what they are interested and also make more money from it.

Febo

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Quote from: Thymoty on July 06, 2019, 07:24:58 AM

for now.. I know the Cryptocurrency / Crypto Innovation is divided into 14 categories;
(Storage, Privacy coin, Social, Market Prediction, IOT, Lightning Network, Payment, Dapp, Stable Currency, DEX, Exchange Token, Dapp Platform, IFO, Games).
according to you whether the category of Cryptocurrency / Crypto Innovation will increase because of the many new concepts that emerge.

Privacy coins dont exist. They are just a cryptocurrencies. Money have to be fungible. And for a cryptocurrency to be fungible it needs opaque ledger. It is silly to call coins private, if they are just what money should be.

bitsurfer2014

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I think we will further see a whole new niche/categories in the near future as I think cryptocurrency is just only at its infancy even after a decade after Bitcoin was invented and new use-cases naturally will emerge as part of its evolution and as blockchain innovations progresses overtime.

DmitFomin

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With the increase in the number of new coins, new applications of cryptocurrencies, the categories of cryptocurrencies will change, new ones will be added and old ones will disappear, this is quite a normal process and the sphere will evolve. By the way, I do not exclude that the categories of cryptocurrencies can be called more, because some coins are hybrid and fall into several categories at once.

maldini

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Quote from: fiulpro on July 06, 2019, 01:21:06 PM

I think at the bottom all of these categories are interconnected and thus I think the base is same for all.
Cryptocurrencies innovation and all , we do see new cryptocurrencies being generated every single day but when it comes to innovation; nothing.
We actually have nothing in the cryptocurrency sector.
Innovation means bringing out a new idea not copying just a new one.
We see new cryptocurrencies being added every day but why do people stay in Bitcoins ? That's just because it's nothing new .
I think we do need innovation , right now that sector is very weak

Recently this new thing emerged, Libra, then does this mean replacing bitcoin? So Crypto will always be like bitcoin and there will be nothing new in it except new functional, now this new functional makes new innovation and not crypto itself because crypto will be forever like crypto it's just a different functional one.

amrulshare

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I think the Cryptocurrency Category blockchain-based storage project will be extraordinary in the future, with a little touch of significant development, especially in terms of scaling which in the end the data storage model can be superior for use on industrial scale and government institutions.

fiulpro

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I think at the bottom all of these categories are interconnected and thus I think the base is same for all.
Cryptocurrencies innovation and all , we do see new cryptocurrencies being generated every single day but when it comes to innovation; nothing.
We actually have nothing in the cryptocurrency sector.
Innovation means bringing out a new idea not copying just a new one.
We see new cryptocurrencies being added every day but why do people stay in Bitcoins ? That's just because it's nothing new .
I think we do need innovation , right now that sector is very weak

hatshepsut93

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Quote from: Thymoty on July 06, 2019, 07:24:58 AM

for now.. I know the Cryptocurrency / Crypto Innovation is divided into 14 categories;
(Storage, Privacy coin, Social, Market Prediction, IOT, Lightning Network, Payment, Dapp, Stable Currency, DEX, Exchange Token, Dapp Platform, IFO, Games).

Who said that there are exactly 14 categories and they consist of the technologies/trends that you've mentioned? There are much more fields in cryptocurrency sphere as people are experimenting with different applications, or in some cases just write technobabble for their whitepapers.

Lightning Network and privacy coins are the most promising fields in crypto, because they have solid foundation, they already work quite well and just need some improvements. On the opposite, fields like IOT are mostly just vaporware that no one really needs. Dapps don't have any real users, aside from some decentralized gambling games. IFO and IEO are just new ways to scam altcoin suckers.

1Referee

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Quote from: davis196 on July 06, 2019, 07:56:24 AM

Those are not cryptocurrency categories(or at least,I shouldn't call them "cryptocurrency categories",crypto innovations is better) .Those are terms related to crypto/blockchain and offchain/sidechain solutions.
Do you think that Dapps,Lighting Network and IFOs are cryptocurrencies?
Each one of these crypto innovations has a lot of free room for growth and development.

Not all, but most of them are categories. OP didn't claim they were crypto currencies.

Just like there are different categories/industries you can choose to invest in when it comes to stocks (e.g. banking, automobile, telecom, pharmaceuticals, etc), you have that within the crypto market too (e.g. privacy coins, stable coins, Dapp platforms, Exchange tokens, etc).

Of course, there are coins that can rock multiple of these characteristics, but from an investor's perspective coins/projects are different categories/industries.

Coming back to OP's main question, I'm highly interested in seeing what will be built on top of Lightning. Tether plans to issue USDT on Lightning so it will be interesting to see how that will work out.

Thymoty

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Quote from: davis196 on July 06, 2019, 07:56:24 AM

Quote from: Thymoty on July 06, 2019, 07:24:58 AM

for now.. I know the Cryptocurrency is divided into 14 categories;
(Storage, Privacy coin, Social, Market Prediction, IOT, Lightning Network, Payment, Dapp, Stable Currency, DEX, Exchange Token, Dapp Platform, IFO, Games).
according to you whether the category of Cryptocurrency will increase because of the many new concepts that emerge.

Those are not cryptocurrency categories(or at least,I shouldn't call them "cryptocurrency categories",crypto innovations is better) .Those are terms related to crypto/blockchain and offchain/sidechain solutions.
Do you think that Dapps,Lighting Network and IFOs are cryptocurrencies?
Each one of these crypto innovations has a lot of free room for growth and development.

thank you for your criticism, bro Grin

Topic: Cryptocurrency Category (Read 393 times)