Experiment with 5 altcoins (BCN, DRK, FLT, KMC, MINT)

whatsthestory

newbie

Activity: 54

Merit: 0

Quote from: Bitcoin Fiction on April 17, 2014, 07:05:39 AM

Quote from: BreakingBAD on April 17, 2014, 06:22:54 AM

Quote from: Bitcoin Fiction on April 17, 2014, 05:02:22 AM

Quote from: whatsthestory on April 15, 2014, 09:44:14 AM

Quote from: David Latapie on April 14, 2014, 11:42:13 AM

I would humbly propose you to read my article on this - we independantly came to mostly the same conclusions (there are some thing you mentionned that I missed and probably the other way around too

Iinnovations in altcoins/ (I am considering renaming it something like "Altcoins, Darwin at works" or "Altcoins, a Darwinian process", I don't know what would be the most engagin title)

You talk about the present (“now altcoins should be…”), I'm talking about the future. Of course, the opportunity to earn is the mainstream, but it will not develop the industry.

And in what direction should it be pushed? More anonymity? More usability? More notability?

The new generation altcoin must be completely anonymous, easy to buy\sell and have good dev team who would solve any problem asap (cause there's always hacks)

How can _new_ currency be easy to buy/sell? Nobody wants it yet, so by default it's impossible on early stages of the coin.

Agree with you on everything else tho

Oh, you can see my view in the top post - https://bitcointalksearch.org/topic/m.6129696 :-)

whatsthestory

newbie

Activity: 54

Merit: 0

Quote from: ?? on ??

Quote from: smithch on April 17, 2014, 05:08:25 AM

Thanks for trying to keep a seemingly unbiased approach to these coins.

Why are bots quoting me? I said this like 3 days ago.

Wow, It seems to me - anyone says "DRK" and bots appear in a thread.

whatsthestory

newbie

Activity: 54

Merit: 0

Sorry, I still cannot use my PC (laptop only)! So I will continue my review when the problem will be solved.

ndonnard

member

Activity: 109

Merit: 10

Quote from: JPSelzer on April 17, 2014, 10:23:48 AM

Quote from: ?? on ??

Quote from: smithch on April 17, 2014, 05:08:25 AM

Thanks for trying to keep a seemingly unbiased approach to these coins.

Why are bots quoting me? I said this like 3 days ago.

Maybe he liked it so much he couldn't resist and tried to be as cool as you?

Or he couldn't find another words to express his point of view..

Anyway I want to see next post about the experiment! Where is author?

JPSelzer

member

Activity: 689

Merit: 14

World's First Crowd Owned Cryptocurrency Exchange

Quote from: ?? on ??

Quote from: smithch on April 17, 2014, 05:08:25 AM

Thanks for trying to keep a seemingly unbiased approach to these coins.

Why are bots quoting me? I said this like 3 days ago.

Maybe he liked it so much he couldn't resist and tried to be as cool as you?

Bitcoin Fiction

member

Activity: 138

Merit: 10

Quote from: BreakingBAD on April 17, 2014, 06:22:54 AM

Quote from: Bitcoin Fiction on April 17, 2014, 05:02:22 AM

Quote from: whatsthestory on April 15, 2014, 09:44:14 AM

Quote from: David Latapie on April 14, 2014, 11:42:13 AM

I would humbly propose you to read my article on this - we independantly came to mostly the same conclusions (there are some thing you mentionned that I missed and probably the other way around too

Iinnovations in altcoins/ (I am considering renaming it something like "Altcoins, Darwin at works" or "Altcoins, a Darwinian process", I don't know what would be the most engagin title)

You talk about the present (“now altcoins should be…”), I'm talking about the future. Of course, the opportunity to earn is the mainstream, but it will not develop the industry.

And in what direction should it be pushed? More anonymity? More usability? More notability?

The new generation altcoin must be completely anonymous, easy to buy\sell and have good dev team who would solve any problem asap (cause there's always hacks)

How can _new_ currency be easy to buy/sell? Nobody wants it yet, so by default it's impossible on early stages of the coin.

Agree with you on everything else tho

jekecoin

sr. member

Activity: 427

Merit: 250

Interesting post, more reviews?

BreakingBAD

member

Activity: 93

Merit: 10

Quote from: Bitcoin Fiction on April 17, 2014, 05:02:22 AM

Quote from: whatsthestory on April 15, 2014, 09:44:14 AM

Quote from: David Latapie on April 14, 2014, 11:42:13 AM

I would humbly propose you to read my article on this - we independantly came to mostly the same conclusions (there are some thing you mentionned that I missed and probably the other way around too

Iinnovations in altcoins/ (I am considering renaming it something like "Altcoins, Darwin at works" or "Altcoins, a Darwinian process", I don't know what would be the most engagin title)

You talk about the present (“now altcoins should be…”), I'm talking about the future. Of course, the opportunity to earn is the mainstream, but it will not develop the industry.

And in what direction should it be pushed? More anonymity? More usability? More notability?

The new generation altcoin must be completely anonymous, easy to buy\sell and have good dev team who would solve any problem asap (cause there's always hacks)

smithch

newbie

Activity: 7

Merit: 0

Thanks for trying to keep a seemingly unbiased approach to these coins.

Bitcoin Fiction

member

Activity: 138

Merit: 10

Quote from: whatsthestory on April 15, 2014, 09:44:14 AM

Quote from: David Latapie on April 14, 2014, 11:42:13 AM

I would humbly propose you to read my article on this - we independantly came to mostly the same conclusions (there are some thing you mentionned that I missed and probably the other way around too

Iinnovations in altcoins/ (I am considering renaming it something like "Altcoins, Darwin at works" or "Altcoins, a Darwinian process", I don't know what would be the most engagin title)

You talk about the present (“now altcoins should be…”), I'm talking about the future. Of course, the opportunity to earn is the mainstream, but it will not develop the industry.

And in what direction should it be pushed? More anonymity? More usability? More notability?

whatsthestory

newbie

Activity: 54

Merit: 0

Quote from: David Latapie on April 14, 2014, 11:49:51 AM

Quote from: whatsthestory on April 10, 2014, 05:04:32 PM

How will the devs use premined MINT? They say nothing about this, this is very strange and alarming.

Part of it is meant for the creation of the Mintcoin Fund the world's first legally registered NGO for crypto (despite its name, the Bitcoin Foundation is not an NGO). I can't say much even me I don't know how all the premined had been spent (or is planned to be).

Quote from: whatsthestory on April 10, 2014, 05:04:32 PM

What connects the exchange MintPal www.mintpal.com with MINT? Exchange and coin were launched at the same time. I hope MINT isn’t purely speculative.

Officially, nothing, just a nice coincidence. Since I am neither in Mintpal admin's nor Mintcoin dev's shoes, I have to believe it

I like your signature and glad to hear this ;-)

whatsthestory

newbie

Activity: 54

Merit: 0

Quote from: David Latapie on April 14, 2014, 11:42:13 AM

I would humbly propose you to read my article on this - we independantly came to mostly the same conclusions (there are some thing you mentionned that I missed and probably the other way around too

Iinnovations in altcoins/ (I am considering renaming it something like "Altcoins, Darwin at works" or "Altcoins, a Darwinian process", I don't know what would be the most engagin title)

You talk about the present (“now altcoins should be…”), I'm talking about the future. Of course, the opportunity to earn is the mainstream, but it will not develop the industry.

Nxtblg

legendary

Activity: 924

Merit: 1000

Quote from: Denni on April 15, 2014, 08:53:24 AM

Quote from: Nxtblg on April 15, 2014, 08:18:43 AM

Quote from: Denni on April 14, 2014, 07:11:06 AM

Quote

KMC was launched on April and has the KimoShop where you can buy real products already.

That's actually a great idea. More developers should introduce something like this.

It's so great an idea, it'll be copied all over the place if it flies. Grin

But seriously, using cybers as virtual coupons is a perfect niche for alts.

It is! It's a great reason for start mining something. Imagine if each coin has it's own partner and offers different goods - select a coin according to the goods it's offering!

Yeah! If I had the bank to buy a small store, I would jump on the idea. Effectively, I'd be distributing store credit to miners via PoW. It'd be an interesting experiment to see if I could drum up some business for the store that way...

Denni

full member

Activity: 125

Merit: 100

Quote from: Nxtblg on April 15, 2014, 08:18:43 AM

Quote from: Denni on April 14, 2014, 07:11:06 AM

Quote

KMC was launched on April and has the KimoShop where you can buy real products already.

That's actually a great idea. More developers should introduce something like this.

It's so great an idea, it'll be copied all over the place if it flies. Grin

But seriously, using cybers as virtual coupons is a perfect niche for alts.

It is! It's a great reason for start mining something. Imagine if each coin has it's own partner and offers different goods - select a coin according to the goods it's offering!

omahapoker

hero member

Activity: 868

Merit: 1000

out of the 5 i perfer MINT

hope it goes higher

Nxtblg

legendary

Activity: 924

Merit: 1000

Quote from: Denni on April 14, 2014, 07:11:06 AM

Quote

KMC was launched on April and has the KimoShop where you can buy real products already.

That's actually a great idea. More developers should introduce something like this.

It's so great an idea, it'll be copied all over the place if it flies. Grin

But seriously, using cybers as virtual coupons is a perfect niche for alts.

JPSelzer

member

Activity: 689

Merit: 14

World's First Crowd Owned Cryptocurrency Exchange

Quote from: David Latapie on April 14, 2014, 11:42:13 AM

Quote from: whatsthestory on April 08, 2014, 01:45:18 PM

I discussed about a future of cryptocurrencies in this thread (My view on the future of Crypto Currencies), and mgburks77 give the link to interesting thread also (Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat).

Clear that cryptocurrencies 2.0 must have a several options:
1.   Resistance of GPU- and ASIC-mining. Not a “clean” fork.
2.   Resistance of the threat 51%.
3.   Privacy and data protection – it’s named “truly anonymity” in community. Sender’s and receiver’s data should be encrypted maximum.
4.   Decentralization. Low concentration of funds in large exchange. Not speculative.
5.   Apps to better part platforms (Windows, Linux, MAC and mobile of course). Native wallet.
6.   Strong devs (with background). Tech. support.
7.   And philosophy! It should not be speculative cryptocurrency, devs must want to change an economic and this world.

Most of this options are declared in some cryptocurrencies.
I decided to conduct an experiment. I chose the 5 cryptocoins and I will follow them during the month. I will install wallets, mine and trade them and see on changes (devs, community, courses, rumors etc).
I will be glad to get advises and comments!

So my choices is (alphabetical):
1.   Bytecoin (BCN) – https://bitcointalksearch.org/topic/bcn-bytecoin-secure-private-untraceable-since-2012-512747
2.   Darkcoin (DRK) – https://bitcointalksearch.org/topic/anndash-dash-dashorg-first-self-funding-self-governing-crypto-currency-421615
3.   Fluttercoin (FLT) – https://bitcointalksearch.org/topic/ann-fluttercoin-flt-proof-of-transaction-cash-back-for-sending-recieving-509499
4.   Kimocoin (KMC) – https://bitcointalksearch.org/topic/annscryptadaptive-kmc-kimocoin-kimotocoin-5-exchanges-524216
5.   Mintcoin (MINT) – https://bitcointalksearch.org/topic/ann-mint-mintcoin-pos-5-no-ico-fair-distro-community-maintained-450381

I will start tomorrow. Stay tuned!

I would humbly propose you to read my article on this - we independantly came to mostly the same conclusions (there are some thing you mentionned that I missed and probably the other way around too

Iinnovations in altcoins/ (I am considering renaming it something like "Altcoins, Darwin at works" or "Altcoins, a Darwinian process", I don't know what would be the most engagin title)

Your link is not working.

havanabob

member

Activity: 88

Merit: 10

Quote from: David Latapie on April 14, 2014, 11:49:51 AM

Quote from: whatsthestory on April 10, 2014, 05:04:32 PM

How will the devs use premined MINT? They say nothing about this, this is very strange and alarming.

Part of it is meant for the creation of the Mintcoin Fund the world's first legally registered NGO for crypto (despite its name, the Bitcoin Foundation is not an NGO). I can't say much even me I don't know how all the premined had been spent (or is planned to be).

Quote from: whatsthestory on April 10, 2014, 05:04:32 PM

What connects the exchange MintPal www.mintpal.com with MINT? Exchange and coin were launched at the same time. I hope MINT isn’t purely speculative.

Officially, nothing, just a nice coincidence. Since I am neither in Mintpal admin's nor Mintcoin dev's shoes, I have to believe it

It's too good to be a coincidence. I won't assume the worst possible outcome but it does look suspicious.

David Latapie

hero member

Activity: 658

Merit: 503

Monero Core Team

Quote from: whatsthestory on April 10, 2014, 05:04:32 PM

How will the devs use premined MINT? They say nothing about this, this is very strange and alarming.

Part of it is meant for the creation of the Mintcoin Fund the world's first legally registered NGO for crypto (despite its name, the Bitcoin Foundation is not an NGO). I can't say much even me I don't know how all the premined had been spent (or is planned to be).

Quote from: whatsthestory on April 10, 2014, 05:04:32 PM

What connects the exchange MintPal www.mintpal.com with MINT? Exchange and coin were launched at the same time. I hope MINT isn’t purely speculative.

Officially, nothing, just a nice coincidence. Since I am neither in Mintpal admin's nor Mintcoin dev's shoes, I have to believe it

David Latapie

hero member

Activity: 658

Merit: 503

Monero Core Team

Quote from: whatsthestory on April 08, 2014, 01:45:18 PM

I discussed about a future of cryptocurrencies in this thread (My view on the future of Crypto Currencies), and mgburks77 give the link to interesting thread also (Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat).

Clear that cryptocurrencies 2.0 must have a several options:
1.   Resistance of GPU- and ASIC-mining. Not a “clean” fork.
2.   Resistance of the threat 51%.
3.   Privacy and data protection – it’s named “truly anonymity” in community. Sender’s and receiver’s data should be encrypted maximum.
4.   Decentralization. Low concentration of funds in large exchange. Not speculative.
5.   Apps to better part platforms (Windows, Linux, MAC and mobile of course). Native wallet.
6.   Strong devs (with background). Tech. support.
7.   And philosophy! It should not be speculative cryptocurrency, devs must want to change an economic and this world.

Most of this options are declared in some cryptocurrencies.
I decided to conduct an experiment. I chose the 5 cryptocoins and I will follow them during the month. I will install wallets, mine and trade them and see on changes (devs, community, courses, rumors etc).
I will be glad to get advises and comments!

So my choices is (alphabetical):
1.   Bytecoin (BCN) – https://bitcointalksearch.org/topic/bcn-bytecoin-secure-private-untraceable-since-2012-512747
2.   Darkcoin (DRK) – https://bitcointalksearch.org/topic/anndash-dash-dashorg-first-self-funding-self-governing-crypto-currency-421615
3.   Fluttercoin (FLT) – https://bitcointalksearch.org/topic/ann-fluttercoin-flt-proof-of-transaction-cash-back-for-sending-recieving-509499
4.   Kimocoin (KMC) – https://bitcointalksearch.org/topic/annscryptadaptive-kmc-kimocoin-kimotocoin-5-exchanges-524216
5.   Mintcoin (MINT) – https://bitcointalksearch.org/topic/ann-mint-mintcoin-pos-5-no-ico-fair-distro-community-maintained-450381

I will start tomorrow. Stay tuned!

I would humbly propose you to read my article on this - we independantly came to mostly the same conclusions (there are some thing you mentionned that I missed and probably the other way around too

Iinnovations in altcoins/ (I am considering renaming it something like "Altcoins, Darwin at works" or "Altcoins, a Darwinian process", I don't know what would be the most engagin title)

Topic: Experiment with 5 altcoins (BCN, DRK, FLT, KMC, MINT) (Read 3411 times)