Topic: Full list of truly decentralized altcoins. - page 2. (Read 1758 times)

Great to see you still maintaining here. I am always following this thread.

I'm glad to announce another find: Primecoin.

I've decided to extend this list to the following categories:
24h volume 1 - 0.5 BTC
24h volume 0.5-0.3 BTC
24h volume 0.3-0.1 BTC
24h volume 0.1 - 0.05 BTC
24h volume 0.05-0.01 BTC

I think that in the long term the truly decentralized currencies will win. By other hand all those private coins that are the majority out there are just another kind of thing and even if they advertise a lot sooner or later people will begin to understand the difference. As I said above maybe a community of decentralized coins should be created in order to solve the issues you mentioned together.  

I agree that volumes are often being faked but of course one can't fake a lower volume.

Maybe it may make sense working on a kind of Community of decentralized currencies. In such case going outside of this thread would make even more sense. Another thing I'd like to create is a fully decentralized site for this project.

Thank you for your suggestion of course I have to consider larger timeframe, but I don't know where to find it. There is no such data on coinmarketcap as well.

Yeah that's probably true, sadly. But for a small project it's certainly hard to get things up and running. I worked a little with Blackcoin and the team did a few things like implementing Colored Coins, Atomic Swaps where put in over night ect but none of that ever really took off because it's hard to get the attention about implementations when you are at the rank 300 and lower on CMC and have a small team.

I think the ICO hype caused alot of harm to the crypto community. Coins that collected millions with ICOs where either scammers or where able to actually pay developers and marketing teams and soon nothing went when you didn't create a huge fuzz about it, paid exchanges and coin sites to pitch the coin and appeared on cons. I guess a few developers of decentralized coins went frustrated when ICO coins passed them with huge fuzz and left community projects in the dust.


The launch was originally like Dogecoin, somewhat of a troll but they created a working coin out of it, got from PoW to PoS and they are still active and try to do stuff.

Sorry, I didn't pay attention to the 1BTC/day trading limit however I also suspect, that many volumes are actually fake because it's so easy for exchanges to artificial pump up volumes with next to no effort. https://www.forbes.com/sites/cbovaird/2019/03/22/95-of-reported-bitcoin-trading-volume-is-fake-says-bitwise/ So I don't know how informative volumes are at all. And in turn it spoils the validity of CMC rankings which in turn influences investors since it's one of the first addresses to look at coin performance data. Of course that won't help the volume of PND either.

It certainly would be great when exchanges wheren't centralized companies, that have a motivation to puff up maket data to attract traders. And it's actually somewhat daft, that we use decentralized currencies but then depend on centralized exchanges.

Yes, the Bitcointalk thread has its advantages, and SEO-wise it would not be convenient to just copy the list to the Github Pages portal in an identic manner. Instead, a Github Pages (or other similar free web page provider) webpage would enable to create sub-pages for the involucred coins. These can be described, and there could be also links to proofs that the start was fair, there was no ICO etc (on most cases a link to the Announcement thread would be sufficient).

Another advantage: If someone has new informations about one of the coins, or a new coin is to be considered, he/she can simply propose an update to the page with a pull request - or request editing rights.

What timeframe do you use for the volume? I think a larger timeframe (at least a month) should be used to prevent short-time peaks. Unfortunately, I don't know if Coinpaprika provides that number (at a first glance I've only found the 24-hour-feature).

A list with several "tiers" would imo solve that problem - one could warn that smaller coins may have issues, and most people will know that low-volume/marketcap coins are riskier than big ones.

I've finished analyzing the full list of coins I was working on (all those listed on coinpaprika).
As you can see we have only 11 coins, that has at least some volume, fitting in our criteria.

I think I'll work now on the list of 300 small coins I haven't taken into consideration because their trading volume is under 1 BTC/day. Of course it's not that easy to understand whether a small coin is alive or not or whether it has some heavy issue, so please help me if you know anything about the coins I'll be mentioning.

That proves that centralized model is superior to the decentralized one. :-p

Thank you for your suggestion. Pandacoin has had a fair launch as far as I understand. It doesn't fit into 1 BTC/day trading volume criteria but I'll put it in the list of the small coins I'm about to create.

As it is now, no one can make Bitcoin obsolete and especially decentralized coins often have the problem, that there's no company behind it. The thing that is good for decentralisation also makes coin development slow and maket share low since an open community often has no roadmap, no investment plans and development is done by volunteers that often get nothing for their work.

I don't know if Pandacoin (PND) would fit into the list. It was first a mere Dogecoin clone made to troll a scammer and after the scammer disappeared, was almost abandoned but then they decided to go full PoS and are now there with a new team which however too consists of volunteers. But it had no premine, ICO, instamine, dev fees or rewards ect, no "owner", has it's own chain so not a token.
https://bitcointalksearch.org/topic/pandacoin-pnd-2021-network-update-1960307

I like the idea of bitcointalk thread because it's being bumped each time someone comments so the idea is being advertised. I'm not that familiar with Github, is there this kind of mechanism there? Of course the cooperation of many people would be preferable.

I don't really know how much this idea is required. I have only 15 coins to analyze left, so maybe another coin will pop up, maybe a couple of coins.
I can also reconsider the small 1-0.5BTC/day coins for a minor coins list, but there are risks to mention coins that has heavy issues that are difficult to understand without a deep study.
So if we create a site just to mention the list of coins we have it may be too much effort for not such a long list.
What do you think?

Seems like Arionum fits into our criteria as well.
Would please somebody check them and tell me whether I'm wrong?

One idea could be to create a Github pages site, where collaboration would be very easy (every interested Github user could join) and there would be no hassle with security issues.

Wow you've got the same idea of another member of this discussion.
Maybe we can work on the site together: you, me and him?

When Dogecoin was first announced I knew right away that I was not interested at all in it. And I still don't like its stile, the fact it's not being developed any more and so on.
But I have to admit that Doge has found its important niche in the cryptoworld. Without it many small coins would be dead by now. Being Doge one of the base currencies for many exchanges it's possible to trade small coins in the range of prices that are not possible for BTC.

Thank you for the list. I was recently looking for some good altcoin to pick and found this one. Sorry that I could not contribute although I said I would. Dogecoin for now is a good investment I think since it's very much lower than the regular trend.

so why would you ever call a dogecoin a dam meme coin.    it is still the hardest working of almost all cryptocoins out there?

Once people recognize that centralized cryptocurrencies are pretty meaningless (and not much better than PayPal or pennystocks), I guess that will change. I consider this list an important tool for that.

Dogecoin may be a special case because it's a coin heavily tied to a meme of a specific period which today already looks a bit "oldish", but until now it has done pretty well, and in the case it really implodes because of the meme problem, the community could simply rebrand it.

If helpix.world has no plans to publish this list on another webpage, I may have in the medium term - maybe I could even build a website/blog around the concept. I would however probably also include coins with low trading volume (with a warning sign or something similar), because I consider that a relatively irrelevant short-term indicator that may not be an obstacle to success nor threaten decentralization. Low-market-cap-coins with higher trading volume have similar dangers (a large investor could buy it up and de facto centralize it), but it's also possible that this never happens.

Wow… you did a heavy job right here, taking the time to research all these coins with this criteria. Well, if anyone is planning to invest in any of these coins, the only one I think is good for investment is Monero… I'm not sure about the others. Dogecoin is good but… it might not really be a good choice for anyone. And by the way, all these criteria doesn't really matter cause having all these doesn't even make coin to get adopted by people. They have all these criterias and not even single person talks about them, except monero and dogecoin are the only coins you will see people mention often, but only few like dogecoin.

Guys thank you very much for encouragement.
I felt your support and yesterday I was able to analyze 152 coins!
I have more or less the same quantity remaining so now I'm sure I'll be able to get to the end of this research.

The new entry for today is: Vertcoin (they have 150 coins of test premine announced since the beginning).
 

I also just realized Bittrex has all of these except Namecoin and Grin.