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Topic: Full list of truly decentralized altcoins. - page 3. (Read 1758 times)

jr. member
Activity: 112
Merit: 2
So you are suggesting me to go on with this public research?
Absolutely! I think it's extremely important for people to know which altcoins are really decentralized. So many centralized coins are trying to persuade buyers into believing that they're "the next Bitcoin" or that they "will make Bitcoin obsolete", which is absolute bullshit. Maybe this kind of list could also strengthen incentives to new crypto-projects to try a decentralized model.

I would maybe also suggest to publish that list on some kind of alternative source, e.g. a cryptocurrency wiki or another webpage/blog.

After you reach a point where you are satisfied with the list, "for now". I think it may be worth having an article submitted somewhere with the results. That will get more attention Wink Are there any decentralization evangelists that you know of? They could bring more attention too.


I've tweeted about this thread and posted the link. Great work so far!
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
So you are suggesting me to go on with this public research?
Absolutely! I think it's extremely important for people to know which altcoins are really decentralized. So many centralized coins are trying to persuade buyers into believing that they're "the next Bitcoin" or that they "will make Bitcoin obsolete", which is absolute bullshit. Maybe this kind of list could also strengthen incentives to new crypto-projects to try a decentralized model.

I would maybe also suggest to publish that list on some kind of alternative source, e.g. a cryptocurrency wiki or another webpage/blog.
member
Activity: 100
Merit: 11
Seems like Blackcoin fits into our criteria.

I don't know whether to go on with the publication of results of my research since I'm not seeing that anybody contributes anything of value any more. The idea of this thread is to make a collective research, if it's only me working I can keep my results for myself.
I would like to contribute but sometimes (e.g. this week) my time is limited. However I think I agree with Blackcoin and Burst (I actually was a bit surprised that Burst had no premine, but it seems to be true according to their ANN.)

Ofc I don't just believe the OP of the ANN, I analyze what people say during the launch, so Burst seems to have had a really fair launch.
So you are suggesting me to go on with this public research?
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
Seems like Blackcoin fits into our criteria.

I don't know whether to go on with the publication of results of my research since I'm not seeing that anybody contributes anything of value any more. The idea of this thread is to make a collective research, if it's only me working I can keep my results for myself.
I would like to contribute but sometimes (e.g. this week) my time is limited. However I think I agree with Blackcoin and Burst (I actually was a bit surprised that Burst had no premine, but it seems to be true according to their ANN.)
member
Activity: 100
Merit: 11
Seems like Blackcoin fits into our criteria.

I don't know whether to go on with the publication of results of my research since I'm not seeing that anybody contributes anything of value any more. The idea of this thread is to make a collective research, if it's only me working I can keep my results for myself.
member
Activity: 100
Merit: 11
I think we have a new entry: Burst.
member
Activity: 100
Merit: 11
Great list so far. I like your parameters for deciding but believe in the future a select few things may start out centralized and become decentralized over time. The one example I can think of right now would be Decred. It's understandable why it didn't make the list although I think at this point it is actually far more decentralized than some of the coins listed.
From here it seems like Decred is semi-centralized.

- Monero (traded on Bisq) YUP
- Ravencoin (tradable on BlockDx, traded on Crypto-bridge) PUMP AND DUMP
- Dogecoin (tradable on BlockDx, traded on Crypto-bridge) MEME COIN
- Namecoin (tradable on BlockDx) HUH SAY WHAT
- Terracoin (tradable on BlockDx) SUPER LOL
- Grin (tradable on Bisq) LOL
- Aeon (potentially tradable on Bisq) DEAD
- Peercoin DEAD
- Slimcoin DEAD
- B3Coin DEAD
I understand your point, but we need to research basing ourselves on criteria.
For instance if Raven is a pump and dump coin in your opinion it doesn't make him centralized basing on the above criteria.
The same if we consider Dogecoin a Meme coin.
However I think that to avoid mentioning dead, dying, very young coins or coins that are not finding people's favor at all we can introduce 1 BTC/day trading volume criteria.
That's why I have to exclude Terracoin, Slimcoin and B3Coin for the moment.
member
Activity: 276
Merit: 13
Disclaimer: This list is for my personal use only and not intended as investment suggestion. Do your own exhaustive research. By reading this post you accept to take your full responsibility for any decision you can make.



I'd like to create a list of truly decentralized altcoins.

My criteria are:
- open source code
- no ICO
- no presale
- no premine since the beginning
- no instamine
- not a token
- decentralized organizational structure
- no "owner" or individual/group/company holding the majority of the stock
- a non moderated announcement on the platform not controlled by the coin owners/community/devs
- no unknown platforms announcement
- no roll-backs or patches to recover coins,
- no connection issues soon after launch
- no last minute ANN
- traded on a trustless crosschain exchange

Please mention a currency that in your opinion fits into above criteria.
If you don't agree with criteria we can discuss them here as well and your opinion is welcome.
 
The result of this research:
- seems like at the moment there is no currency fitting into above criteria. Once BarterDex will release their v2 DEX we'll have new candidates to evaluate.

Here is the list of the coins that are compliant to all the above criteria except the last one:
- Monero (traded on Bisq) YUP
- Ravencoin (tradable on BlockDx, traded on Crypto-bridge) PUMP AND DUMP
- Dogecoin (tradable on BlockDx, traded on Crypto-bridge) MEME COIN
- Namecoin (tradable on BlockDx) HUH SAY WHAT
- Terracoin (tradable on BlockDx) SUPER LOL
- Grin (tradable on Bisq) LOL
- Aeon (potentially tradable on Bisq) DEAD
- Peercoin DEAD
- Slimcoin DEAD
- B3Coin DEAD



newbie
Activity: 1
Merit: 0
Great list so far. I like your parameters for deciding but believe in the future a select few things may start out centralized and become decentralized over time. The one example I can think of right now would be Decred. It's understandable why it didn't make the list although I think at this point it is actually far more decentralized than some of the coins listed.
member
Activity: 100
Merit: 11
I think we have a new entry: B3Coin
member
Activity: 100
Merit: 11
It is possible that veil might come up the list of the OP, perhaps very soon as it will be fully unveiled and tested by the public. The only difference between Veil and Doge which fits in perfectly well to the list, is that Veil has an owner, while Doge does not have, except it is totally relinquished.

To include Veil in my list I should change my parameters. But how serious would be this research if I'd state that the currency that has an owner is to be considered fully decentralized?
jr. member
Activity: 552
Merit: 1
It is possible that veil might come up the list of the OP, perhaps very soon as it will be fully unveiled and tested by the public. The only difference between Veil and Doge which fits in perfectly well to the list, is that Veil has an owner, while Doge does not have, except it is totally relinquished.
member
Activity: 100
Merit: 11
Namecoin is in!
member
Activity: 100
Merit: 11
I think Peercoin is in, the purpose of their initial centralized checkpointing wasn't to manipulate the market later or to give to a group of people an initial advantage. They are also not using centralized checkpointing any more.
member
Activity: 100
Merit: 11
I would like to start to understand why you select coins on such strict criteria? It seems to me that most of these criteria are not necessary and interfere with the full development of the coin and this limitation will never allow such coins to get into the top-10 in capitalization.

When you have much choice you need to apply some criteria to orient yourself in the multitude. For example, if you get into a shop that sells let say two hundred models of mobile phones you need to make yourself a question what is it that you need in order to choose one that suites you most. While in the cryptoworld we have tens of hundreds coins to chose from so the criteria need to be quite strict.
By other hand your criteria are not necessarily the same as mine, however the fairness of the coin's launch seems to be an important aspect for many people involved in the crypto.
full member
Activity: 780
Merit: 101
I would like to start to understand why you select coins on such strict criteria? It seems to me that most of these criteria are not necessary and interfere with the full development of the coin and this limitation will never allow such coins to get into the top-10 in capitalization.
copper member
Activity: 224
Merit: 1
I'd like to create a list of truly decentralized currencies for myself and for any one who'd be interested in.

My criteria are:
- open source code
- no ICO
- no premine
- not a token
- decentralized development structure
- no "owner" or individual/group/company holding the majority of the stock
- traded at least on one true DEX (with some volume there)

Please mention a currency that in your opinion fits into the above criteria.
The criteria can be discussed here, so your opinion is welcome.

I myself did my homework so I have a list of the currencies that may fit into this criteria but I'd like the list to be created from scratch by the forum members.

Since you are the one that want to create a decentralized platform list, I don't see any reason why you will begin to ask us to tell you name of coins we think it's decentralized, how will you know when a coin is fully decentralized when you haven't studied it's code on github to see how it was developed, you can only create a list of truly decentralized blockchain only if you can be able to read the github code of all the blockchain project we have in existence.

I was surprised at his question too. The question shouldn't be asked when he is the one educating us. Anyways, I think I got enlightened from his post. Now is to go into research and find out more.
member
Activity: 100
Merit: 11
An interesting article that explains why decentralization matters: http://linuxfinances.info/info/lsf.html
member
Activity: 100
Merit: 11
Grin? or TurtleCoin hyped by McTurtle ?  Cheesy
And why you need such altcoin when Bitcoin fulfill all your requirements and it is a certainty that he will not die?
The announcement for TurtleCoin was made on bitcointalk two months after the launch.
Their original announcement was published before launch on yuki.la/biz
Do you know yuki.la?
member
Activity: 100
Merit: 11
I think if the coin is actively traded on a Dex that means that its community is enough mature to understand the importance.
That's true, but I think decentralized trading via atomic swaps is still a very small niche. So I doubt that many members of a crypto's community are really aware of that. Maybe you could divide your list into two tiers of decentralized currencies:

Tier 1: Mature decentralization (with DEX trading)
Tier 2: Basic decentralization (without DEX, but fulfilling all other requirements).

I'd say the two lists I have (the first one is still empty) is similar to your idea.

Quote
I thought I did a very deep research on Bitshares, but the information about them is very difficult to retrieve. I'll research on this possible "late premine" if you can give me some link to read about I'd be happy.

I have searched a little bit and I think what I was remembering was this:

A few delegates are "paid delegates", who are people such as developers working for bitshares.  They are also elected by shareholders.  For example, Toast (Nikolai) was the first person to be elected as a paid delegate.

Paid delegates get 50 BTS instead of 1.5 when they create a block.  However, they are performing valuable services for bitshares such as working as a developer.  (If they werent, shareholders would not vote them into a paid position)
While this is technically not a "premine", it is an additional supply dilution added to the Protoshares-based supply. The proposal wasn't imposed by the developers in a strict sense, as the DPoS delegates had to vote to implement it, but the Bitshares devs had a big DPoS voting power, so they essentially could impose most of their proposals. It's the same problem in nearly all DPoS currencies: they tend to have a strong power concentration even if they're "formally" decentralized, thus I have problems to regard them really as "decentralized".

Nevertheless, I regard Bitshares as a very interesting project and it's much more decentralized than coins like Ripple or ICO-based coins like Iota. But I would consider it more centralized than, for example, LTC or even Dash.

I have to apologize I'm afraid Bitshares is not fitting into our criteria. Thanks to you I've made a more deep research and I've found this article, where we can read as following:
Quote
There were a few issues with the PTS launch which, while not born of malice, did point to inexperience and mismanagement. First, mining was announced on bitcointalk only an hour prior to the official launch time, which is not best practice. Additionally, it came to light that, apparently due to an insider starting to mine ahead of time, Mr. Larimer himself began mining early. Taken together, this led to a feeling – not without some merit – that ProtoShares was attempting a sneaky “soft” premine, in which insiders, in this case community members and the inner circle, were given a head start to grab coins with minimal competition.

and also Bitshares wasn't only redeemed from Protoshares, but also from Angelshares:
Quote
As a result of the shaky PTS launch, Mr. Larimer announced “Angelshares” (AGS), which was the same concept as PTS, but instead of mining, anyone could simply buy shares. AGS holders would be eligible for 10% of future BitShares and subsequent DACs launched, and offered the network additional liquidity as well as a larger community base.
So we can say it was a kind of ICO or pre-sale, which puts Bitshares out of our list.

Thank you very much again for your hints!
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