I believe the reason that no altcoin has had any success at all is because we keep using the same failed approach.
What we see now is centralized organizations creating and controling peer-to-peer crypto currencies.
The actual cryptocurrency itself is decentralized in nature, but what we have been doing here is not decentralized at all.
Here is a part of the introduction of the book "The Starfish and the Spider" by: ORI BRAFMAN and ROD A. BECKSTROM
We look for hierarchy all around us. Whether we're looking at a Fortune 500 company, an army, or a community, our natural reaction is to ask, "Who's in charge?"
...what happens when there's no one in charge.
It's about what happens when there's no hierarchy. You'd think there would be disorder, even chaos. But in many arenas, a lack of
traditional leadership is giving rise to powerful groups that are turning industry and society upside down.
In short, there's a revolution raging all around us.
No one suspected that Shawn Fanning, sitting in his dorm room at Northeastern University in 1999, was about to change the world. The eighteen-year-old freshman typed at his computer and wondered what would happen if people could share music files with one another. Fanning came up with Napster, an idea that would deliver a crushing blow to the recording industry. But he wasn't at the head of this attack--the entire battle was waged by an army of music-sharing teens, college students, and, eventually, iPod-carrying businessmen.
Half a world away, when Osama bin Laden left Saudi Arabia and traveled to Afghanistan, hardly anyone realized that in just a few years he would become the most wanted man in the world. At the time, his power appeared limited. After all, what could a man operating out of a cave really do?
But al Qaeda became powerful because bin Laden never took a traditional leadership role.
In 1995 a shy engineer posted online listings of upcoming events in the San Francisco Bay Area. Craig Newmark never dreamed that the site he launched would forever alter the newspaper industry.
In 2001 a retired options trader set out to provide free reference materials to kids around the world. He never thought that his efforts would one day allow millions of strangers to use something called a "wiki" to create the biggest information depository of our time.
The blows to the recording industry, the attacks of 9/11, and the success of online classifieds and a collaborative encyclopedia were all driven by the same hidden force. The harder you fight this force, the stronger it gets. The more chaotic it seems, the more resilient it is. The more you try to control it, the more unpredictable it becomes.
Decentralization has been lying dormant for thousands of years. But the advent of the Internet has unleashed this force, knocking down traditional businesses, altering entire industries, affecting how we relate to each other, and influencing world politics.
The absence of structure, leadership, and formal organization, once considered a weakness, has become a major asset. Seemingly chaotic
groups have challenged and defeated established institutions.
The rules of the game have changed.
First and foremost, this will take awhile. So if you are impatient, you may get frustrated.
The idea is to first build the organization and community, then we build the coin itself further down the road. Maybe we can use an already established system and build on top of it. I don't know. It will be up to the community.
Step one is to put together a decentralized movement.
Then find the people with the skills necessary to accomplish all the tasks for the coins success, and we will work together to spread that knowledge across the group, establish norms the participants will follow, and find out how to make each new member a powerful addition to our ability to disrupt the established centralized control over commerce.
This is a very basic explanation of how this will work.
Everyone involved will work for an interest in the finished project.
Only after we have established a resilient, decentralized movement, will we move to creating a platform/coin in whatever shape it takes.
Then we sell the coins to the public/users. Or maybe we wont sell them. I don't know what will happen. It will be up to all of us.
So if you have always wanted to be a part of a coin, and/or a decentralized movement that will change the way "money" is viewed, used, created, and controlled, then reply in this thread.
Maybe you are like I was, and think being active in this forum, and being a part of the cryptocurrency movement is moving towards having a new currency without centralized control.
How is that working out? It never happened, did it?
That's why none of them have gone anywhere meaningful, including Bitcoin.
We thought we were embarking upon this noble journey in which we would finally break free of the established system, but as we have seen it was more of the same.
That is now about to change. Am I the one who will finally pull this off? No.
It will be you.
This will start our long journey to creating a team that will have the ability to make a coin a success finally.
The biggest challenge:
1. Figuring out a way to create a truly decentralized organization
Who is in charge? Everyone.
Great! Now that we have figured that out, how in the world do we create a system that accomplishes this??
This is the billion dollar question!
Surprisingly, there are many examples, and very great resources on the subject already.