eight basic levels of cryptocurrencies. - page 4.

xanaxxx

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Quote from: jetcrypto on August 07, 2018, 06:44:06 AM

I defined eight basic levels of cryptocurrencies. What you think about it?

Tokens Tiers.

Tier 1: Bitcoin & Ethereum
Tier 2: Tokens representing real crypto platforms (Cardano, IoTA, Waves, ...)
Tier 3: Tokens backed by real business (Ripple)
Tier 4: Tokens with narrow specialization like payments, anonymity, etc. (Monero, Zcash... )
Tier 5: Growtech forks (Neo, Stellar,...)
Tier 6: Miners' forks (Bitcoin cash,...)
Tier 7: Hyped Tokens
Tier 8: Useless shitcoins

I would add a tier for tokens representing the crypto platform under the development. There is a lot of speculation in that category and many will fail, some good ones will come out

grinyaaa

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I agree with the author of the topic.
Bitcoin and Ethereum will always occupy a leading position in the crypto market.
There are certainly a couple of promising Altcoins. But it cann`t take the place of leaders!

voltagecrypto98

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I totally agree with on these steps. I too think that these steps must be followed gradually to good in this market without falling victim to various scams. These steps will make to an expert gradually from novice. I will recommend all to follow this.

jetcrypto

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Quote from: Kryten12 on August 09, 2018, 11:57:05 PM

Quote from: jetcrypto on August 07, 2018, 06:44:06 AM

I defined eight basic levels of cryptocurrencies. What you think about it?

Tokens Tiers.

Tier 1: Bitcoin & Ethereum
Tier 2: Tokens representing real crypto platforms (Cardano, IoTA, Waves, ...)
Tier 3: Tokens backed by real business (Ripple)
Tier 4: Tokens with narrow specialization like payments, anonymity, etc. (Monero, Zcash... )
Tier 5: Growtech forks (Neo, Stellar,...)
Tier 6: Miners' forks (Bitcoin cash,...)
Tier 7: Hyped Tokens
Tier 8: Useless shitcoins

I think you have pretty much nailed the Tiers for what we have at the moment I think in the next year or so Tier 3 would need to expand with a few more subcategories as this is where alot of the crossover development will take place. Companies will integrate crypto into their business model and people will be using blockchain technology without even realising it.

Yes, I thought about that. Formally Tier 3 includes "messengers' tokens - TON, KIN, etc." "exchanges and wallets utility tokens" "loyalty tokens" and so on. But it's all not the same.

Kryten12

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TREEBLOCK

Quote from: jetcrypto on August 07, 2018, 06:44:06 AM

I defined eight basic levels of cryptocurrencies. What you think about it?

Tokens Tiers.

Tier 1: Bitcoin & Ethereum
Tier 2: Tokens representing real crypto platforms (Cardano, IoTA, Waves, ...)
Tier 3: Tokens backed by real business (Ripple)
Tier 4: Tokens with narrow specialization like payments, anonymity, etc. (Monero, Zcash... )
Tier 5: Growtech forks (Neo, Stellar,...)
Tier 6: Miners' forks (Bitcoin cash,...)
Tier 7: Hyped Tokens
Tier 8: Useless shitcoins

I think you have pretty much nailed the Tiers for what we have at the moment I think in the next year or so Tier 3 would need to expand with a few more subcategories as this is where alot of the crossover development will take place. Companies will integrate crypto into their business model and people will be using blockchain technology without even realising it.

jetcrypto

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Quote from: Crown1 on August 09, 2018, 11:48:58 PM

I think the fifth - eighth are all the same type, all the hype.
I don't think these tokens have any value whatsoever, just hype.

I have another version of Tier classification:

Tier 1: Settlement layer: Bitcoin, ethereum

Tier 2: Application layer: Lightning, plasma...

There's no need a lot of coins in this other crypto reality. Aplication layer can serve different needs and provide all needed services to the endusers.

jetcrypto

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Quote from: ovbokhan on August 09, 2018, 03:13:24 PM

Interesting classification, although it can be argued that some of the tokens can be said to belong to more than one class, it is also interest tat you will list eth along side btc, btc deserves a class of its own and eth should move a notch downwards.,not to say eth is poor or something

I have another version of Tier classification:

Tier 1: Settlement layer: Bitcoin, ethereum

Tier 2: Application layer: Lightning, plasma...

There's no need a lot of coins in this other crypto reality. Aplication layer can serve different needs and provide all needed services to the endusers.

Crown1

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I think the fifth - eighth are all the same type, all the hype.
I don't think these tokens have any value whatsoever, just hype.

jetcrypto

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Quote from: atorle on August 09, 2018, 04:16:08 PM

Quote from: BitPotus on August 08, 2018, 11:50:47 PM

There are only 2 levels....

Bitcoin and Shitcoins....

Hilarious really, bitcoin certainly deserves a class of oits own, that is why I am not pleased it sharing a class with Eth, eth can find elsewhere,some respect

You're absolutly right. Can i make "Bitcoin Tier" ?

jetcrypto

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Quote from: jvper on August 09, 2018, 04:20:31 PM

Quote from: jetcrypto on August 09, 2018, 05:55:23 AM

Quote from: jetcrypto on August 07, 2018, 06:44:06 AM

I defined eight basic levels of cryptocurrencies. What you think about it?

Tokens Tiers.

Tier 1: Bitcoin & Ethereum
Tier 2: Tokens representing real crypto platforms (Cardano, IoTA, Waves, ...)
Tier 3: Tokens backed by real business (Ripple)
Tier 4: Tokens with narrow specialization like payments, anonymity, etc. (Monero, Zcash... )
Tier 5: Growtech forks (Neo, Stellar,...)
Tier 6: Miners' forks (Bitcoin cash,...)
Tier 7: Hyped Tokens
Tier 8: Useless shitcoins

Your classification is quite arbitrary. For example, why do you consider Dash different from Monero? If it is different, why not a fork? Remember it is a fork of Bytecoin.

I fixed the classification. Here's the right one

BTC - 1
ETH - 1
XVG - 2
XRP - 3
LTC - 6
ADA - 2
BCH - 6
NEO - 5
ETC - 6
ICX - 7
IOT - 2
DASH - 4
QTUM - 2
XLM - 5
XEM - 2
LSK - 2
XMR - 4
WAVES - 2
BTG - 6
WAN - 7
SC - 7
ZEC - 7
EOS - 2
ELA - 2
HSR - 2
BTS - 2
Steem - 2
NANO - 7
BTM - 7
TRON - 7

jvper

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Quote from: jetcrypto on August 09, 2018, 05:55:23 AM

Quote from: jetcrypto on August 07, 2018, 06:44:06 AM

I defined eight basic levels of cryptocurrencies. What you think about it?

Tokens Tiers.

Tier 1: Bitcoin & Ethereum
Tier 2: Tokens representing real crypto platforms (Cardano, IoTA, Waves, ...)
Tier 3: Tokens backed by real business (Ripple)
Tier 4: Tokens with narrow specialization like payments, anonymity, etc. (Monero, Zcash... )
Tier 5: Growtech forks (Neo, Stellar,...)
Tier 6: Miners' forks (Bitcoin cash,...)
Tier 7: Hyped Tokens
Tier 8: Useless shitcoins

So, I've tried to put first 30 coins on those tiers mentioned above.

BTC - 1
ETH - 1
XVG - 3
XRP - 6
LTC - 2
ADA - 6
BCH - 5
NEO - 6
ETC - 7
ICX - 2
IOT - 4
DASH - 2
QTUM - 5
XLM - 2
XEM - 2
LSK - 4
XMR - 2
WAVES - 6
BTG - 7
WAN - 7
SC - 7
ZEC - 2
EOS - 2
ELA - 2
HSR - 2
BTS - 2
Steem - 2
NANO - 7
BTM - 7
TRON - 7

Your classification is quite arbitrary. For example, why do you consider Dash different from Monero? If it is different, why not a fork? Remember it is a fork of Bytecoin.

atorle

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Quote from: BitPotus on August 08, 2018, 11:50:47 PM

There are only 2 levels....

Bitcoin and Shitcoins....

Hilarious really, bitcoin certainly deserves a class of oits own, that is why I am not pleased it sharing a class with Eth, eth can find elsewhere,some respect

lunaelucemauram

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Quote from: butterfly8226 on August 09, 2018, 03:09:51 PM

Indeed. The tier 8 was quite funny but true. Currently; some of the coins are just operating well in this market. But sadly; in this year we all are still looking for a bull to rise. We all need a motivation right now to stick with it.

Not to mention the hype altcoin that would only want to get money from the investors and most of this are done but pump and dump or other price manipulation and after that the coin will be totally useless. This also happens in scam ICOs which is why double or triple evaluating the altcoin or ICO before putting in your money is the best thing to do.

ololajulo

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SOL.BIOKRIPT.COM

Quote from: ovbokhan on August 09, 2018, 03:16:27 PM

Quote from: jetcrypto on August 08, 2018, 11:51:30 PM

Yes, most shitcoins which are come from ICOs are useless

Most of the shitcoins will eventually be de-listed as soon as the hype dies down, we see a lot of ICOs falling into this category, losing over 90 percent of their value in less than 4 months after hiting exchange

Identifying shitcoin now can be difficult with the general state of market. the demands from most centralized exchanges is high ridiculous which could cause a necessary ICO over valued. However, most project are reluctant to pay the price and looking for alternative. Aside the genuineness of the hyped project's team, most technology inclined team are struggling to get on the market and get a sustainable market trade volume that is high.

ovbokhan

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Quote from: jetcrypto on August 08, 2018, 11:51:30 PM

Yes, most shitcoins which are come from ICOs are useless

Most of the shitcoins will eventually be de-listed as soon as the hype dies down, we see a lot of ICOs falling into this category, losing over 90 percent of their value in less than 4 months after hiting exchange

ovbokhan

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Interesting classification, although it can be argued that some of the tokens can be said to belong to more than one class, it is also interest tat you will list eth along side btc, btc deserves a class of its own and eth should move a notch downwards.,not to say eth is poor or something

butterfly8226

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Indeed. The tier 8 was quite funny but true. Currently; some of the coins are just operating well in this market. But sadly; in this year we all are still looking for a bull to rise. We all need a motivation right now to stick with it.

jetcrypto

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Quote from: jetcrypto on August 07, 2018, 06:44:06 AM

I defined eight basic levels of cryptocurrencies. What you think about it?

Tokens Tiers.

Tier 1: Bitcoin & Ethereum
Tier 2: Tokens representing real crypto platforms (Cardano, IoTA, Waves, ...)
Tier 3: Tokens backed by real business (Ripple)
Tier 4: Tokens with narrow specialization like payments, anonymity, etc. (Monero, Zcash... )
Tier 5: Growtech forks (Neo, Stellar,...)
Tier 6: Miners' forks (Bitcoin cash,...)
Tier 7: Hyped Tokens
Tier 8: Useless shitcoins

So, I've tried to put first 30 coins on those tiers mentioned above.

BTC - 1
ETH - 1
XVG - 2
XRP - 3
LTC - 6
ADA - 2
BCH - 6
NEO - 5
ETC - 6
ICX - 7
IOT - 2
DASH - 4
QTUM - 2
XLM - 5
XEM - 2
LSK - 2
XMR - 4
WAVES - 2
BTG - 6
WAN - 7
SC - 7
ZEC - 7
EOS - 2
ELA - 2
HSR - 2
BTS - 2
Steem - 2
NANO - 7
BTM - 7
TRON - 7

jetcrypto

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Quote from: Solucrypto on August 09, 2018, 03:21:47 AM

Most hyped coins have a way of surprising people and giving early investors cool cash.

I thought to do the rating the way like:

Tier 1: Bitcoin
Tier 2: Hyped shitcoins
Tier 3: Shity shitcoins

But, I guess it'll be boring...

nl247

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Quote from: Solucrypto on August 09, 2018, 03:21:47 AM

Your ranking is good, but I think in terms of getting fast money, the reverse arrangement should be the case. Most hyped coins have a way of surprising people and giving early investors cool cash.

Well, you may have a point, but you also have to understand that most hyped coins do have a way of surprising people in the negative aspect as well, to make them lose a whole lot and make them keep bag holding for a very long time. which unless they get lucky along the way to sell off at a good price eventually, they may as well just keep bag holding for life. The thing that would peradventure happen to shitcoins as the market gets matured, is the same thing that would happen to hyped coins.

Quote from: jetcrypto on August 08, 2018, 11:55:44 PM

Quote from: BitPotus on August 08, 2018, 11:50:47 PM

There are only 2 levels....

Bitcoin and Shitcoins....

But, can we have some subspecies for shitcoins?

Blather coins
Poop coins
Rogue coins
Monster coins

I can go on and on depending on how shitty you want them to sound. I really love the way you ranked them in the OP though!

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