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Topic: Full list of truly decentralized altcoins. - page 5. (Read 1769 times)

member
Activity: 100
Merit: 11
Update: Since there is no coins compliant to our criteria at the moment it worth looking for the coins that are fully decentralized but not traded on any true DEX.
full member
Activity: 645
Merit: 100
It would be a great idea to create such a list, but a lot of people would understand that their beloved coins are centralised and not decentralised. Investors do not even realise yet that XRP is a centralised asset.

Centralized or decentralized. Many here are just for profit. Most investors do not even understand what a blockchain is. I think it only cares about specialists. Which are looking for decentralization in cryptocurrency.
copper member
Activity: 190
Merit: 1
It would be a great idea to create such a list, but a lot of people would understand that their beloved coins are centralised and not decentralised. Investors do not even realise yet that XRP is a centralised asset.
hero member
Activity: 1134
Merit: 515
good advice but not really good for investment if you put in all above criteria.
and i think the closest to the criteria is bitcoin, but not at all, some people or group has a lot bitcoin now, and almost all coin is being handle by some group/people who has lot money to collect it.
I think that the above criteria reflect the original idea of BTC. Many coins claim to be the next BTC, but if they fail to understand the reasons of BTC success, indulging themselves with premine, centralized management and so on, they are only fooling themselves and their customers.
The best coin in the market right now is Bitcoin and had it been perfect and flawless, it would have not been demanded so much and would not have made so big so far. However in days to come, there might be great improvement in the coins and by the ways it is more better to make use of Bitcoin than to use the rest of currencies which have high adoption costs and transaction costs.
member
Activity: 644
Merit: 10
if Bitcoin will have such long-term transactions in the future, as well as a large price per transaction, then this will really negatively affect its development in the future.  Although I definitely believe that only the full implementation of Bitcoin in the daily life of a person, as well as using it as a means of payment, improve his position in the cryptocurrency market and Bitcoin will have real prospects in the future.
hero member
Activity: 2730
Merit: 585
Leading Crypto Sports Betting & Casino Platform
I've not really come across any project coin that meets all the criteria for being decentralized on that list, so in other words none is decentralized? Well it's your opinion, there is no "perfect coin" per say, there must be some form of short comings.
Exactly. There is always some sought of lacking in one way or the other. Like there is no perfect market, no perfect trading and no perfect anything, there is no perfect coin. Even Bitcoin has limitations and this is the reason it is not really accepted by every government around the world. But I believe we will move to the point of perfection, at least in Bitcoin.
member
Activity: 100
Merit: 11
good advice but not really good for investment if you put in all above criteria.
and i think the closest to the criteria is bitcoin, but not at all, some people or group has a lot bitcoin now, and almost all coin is being handle by some group/people who has lot money to collect it.
I think that the above criteria reflect the original idea of BTC. Many coins claim to be the next BTC, but if they fail to understand the reasons of BTC success, indulging themselves with premine, centralized management and so on, they are only fooling themselves and their customers.
full member
Activity: 1554
Merit: 101
good advice but not really good for investment if you put in all above criteria.
and i think the closest to the criteria is bitcoin, but not at all, some people or group has a lot bitcoin now, and almost all coin is being handle by some group/people who has lot money to collect it.
member
Activity: 100
Merit: 11
I've not really come across any project coin that meets all the criteria for being decentralized on that list, so in other words none is decentralized? Well it's your opinion, there is no "perfect coin" per say, there must be some form of short comings.

Seems like you are right and I have to remove Monero from the list as well.
@hanniabu has explained here why Bisq can't be considered fully trustless thus we can't say that Monero is fully decentralized according to above criteria.
member
Activity: 100
Merit: 11
Only Bitcoin is truly decentralized in my opinion. Every other coin created after Bitcoin has known the owner and holds a majority percent of coins. Even if some of those coins hadn't any ICO, they started mining early, so they must have more than any other people.
I don't think having the coin distributed unevenly wouldn't be called decentralized, the only way for a coin to be called decentralized is no one controls it, even if the coin distributed is top heavily.
Premining usually goes to an individual or a group of individuals that "control" the coin. Thus for some period of time they happen to have the majority of coins and sometimes they choose to premine the absolute majority of all the coins.
Those funds give them the possibility to manipulate the market, to promote their coin among people not aware about the issue and its deep implications, to grant bounties to the people ready to follow their instructions and opinions and so on.
In this sense premining gives to the "founders"/"owners" a competitive advantage over any other group or individual potentially interested to contribute, making the coin to some degree centralized.
Hope it makes sense.
  

copper member
Activity: 657
Merit: 1
I've not really come across any project coin that meets all the criteria for being decentralized on that list, so in other words none is decentralized? Well it's your opinion, there is no "perfect coin" per say, there must be some form of short comings.
hero member
Activity: 1232
Merit: 503
Only Bitcoin is truly decentralized in my opinion. Every other coin created after Bitcoin has known the owner and holds a majority percent of coins. Even if some of those coins hadn't any ICO, they started mining early, so they must have more than any other people.
I don't think having the coin distributed unevenly wouldn't be called decentralized, the only way for a coin to be called decentralized is no one controls it, even if the coin distributed is top heavily.
full member
Activity: 297
Merit: 112
PRIVATE AND NOT PREMINED: MONERO, AEON, KARBO
Only Bitcoin is truly decentralized in my opinion. Every other coin created after Bitcoin has known the owner and holds a majority percent of coins. Even if some of those coins hadn't any ICO, they started mining early, so they must have more than any other people.

From here it seems like Monero was even more fairly distributed than BTC in a way.
I would agree that Monero is great, and probably best example.

And it is 5 year coin. So it's not like it has clean history just because it was launched couple of months ago.
member
Activity: 100
Merit: 11
Only Bitcoin is truly decentralized in my opinion. Every other coin created after Bitcoin has known the owner and holds a majority percent of coins. Even if some of those coins hadn't any ICO, they started mining early, so they must have more than any other people.

From here it seems like Monero was even more fairly distributed than BTC in a way. However this is a list of altcoins that's why I'm not mentioning BTC at all.
member
Activity: 100
Merit: 11
VEIL. The best coin 2019. There was no premine, no ico, the community around the coin is growing every day. As for privacy, veil wins over all its predecessors: the zerocoin and ringct protocols are implemented - the coin has absolute privacy.
IMO it has amazing potential, given its youthfulness and little, so far, capitalization.
From here it seems like Veil has semi-decentralized org. structure, it isn't also traded on any true Dex.
member
Activity: 742
Merit: 12
Only Bitcoin is truly decentralized in my opinion. Every other coin created after Bitcoin has known the owner and holds a majority percent of coins. Even if some of those coins hadn't any ICO, they started mining early, so they must have more than any other people.
copper member
Activity: 434
Merit: 4
VEIL. The best coin 2019. There was no premine, no ico, the community around the coin is growing every day. As for privacy, veil wins over all its predecessors: the zerocoin and ringct protocols are implemented - the coin has absolute privacy.
IMO it has amazing potential, given its youthfulness and little, so far, capitalization.
member
Activity: 100
Merit: 11
In my list, i have RavenCoin. As far i know, this coin is decentralized and there is no CEO or pre-mined. There is no ICO on this coin and traded in big exchangers like binance. Have good potential in the future and i think worth to hold for long term

Agreed, the only thing is that they are not traded on any true DEX
member
Activity: 700
Merit: 10
In my list, i have RavenCoin. As far i know, this coin is decentralized and there is no CEO or pre-mined. There is no ICO on this coin and traded in big exchangers like binance. Have good potential in the future and i think worth to hold for long term
member
Activity: 100
Merit: 11
DOGE is out, according to this its not actively traded on any DEX.

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