Topic: In order for a cryptocurrency to be successful in 5 years time, it must have... (Read 3902 times)

solid developer as referring use of offers with the delivery of service to public audience,
that investors to gains with the notice of returns with the works of evaluation on following release of index with the unit of quantification,
on following performance with the approach as targeting different variable with the indication.

too many options .. i've got confused 
cryptocurrency should become more mainstream, that will guarantte the success..
more developers, more science .. more everything will come with that
and i think that crypto is unstopable already

It's a number of things that will keep the coin from falling down to nothing worth spending on. It can have all those features but it is worth zero if you don't want it.

Bump.

It is interesting how a lot of the currently top market capitalized cryptocurrencies match up with the poll's top results, most voting of which was done in late 2015 or during 2016.

Here are the results that have garnered greater than 3%:

Proof of Work Consensus Algorithm (all variants)   - 21 (3.6%)
Large Network Effect (BTC, LTC ... arguable for a few other cryptos as well)   - 21 (3.6%)
High Scalability   - 37 (6.3%)
High Transaction Speeds   - 29 (4.9%)
High liquidity   - 26 (4.4%)
Privacy / Anonymity   - 35 (6%)
Decentralized Exchange   - 21 (3.6%)
Decentralized Markets   - 22 (3.8%)
Confidential Transactions   - 18 (3.1%)
Ring Signatures   - 18 (3.1%)
Mobile Wallets   - 24 (4.1%)
Solid Developers   - 38 (6.5%)
Innovative Features   - 23 (3.9%)
Fair Distribution   - 36 (6.1%)
Supportive and Productive Community   - 32 (5.5%)

By scanning over the list, it is actually pretty cool to me how accurately this poll represents (and quasi-predicted) the currently top market capitalized cryptocurrencies.

Are there any not in the poll's options that you think should be considered? I was able to come up with many on my own, but I am interested in seeing what is suggested without swaying any opinions.

In addition/combination to the poll's results, I have compiled about 80 data points to analyze alternative cryptocurrencies. So, I know there's a lot more that can be considered...

That is what I intended... for the qualities that most people look in cryptocurrencies to rise to the top of the survey, which would assist me while speculating in alternative cryptocurrencies.

I do not think there are any coins that could fit 25 of the 30+ features, but there are definitely some that have a lot more than others.

I voted 25 out of 30 this is a good resources for me if I want to look what qualities i would want in a coin that I will be involved with,but the question is is there a coin who has at least 25 out 30 of this features and hat coins could these be..

Good points. I am surprised that I forgot to include fungibility as an option. Reminder: You can reset your vote if you would prefer some of the options that have been added since this poll was originally posted.

I agree some choices are redundant, such a privacy / anonymity, and then all of the different technologies that are used to implement it.

Fungability.

Many choices are redundant If you choose privacy then you should not have to choose the method of such. technologies to attain the same goal are a moving target.

And using Nxt is like using Linux.

But when you think about it, all the innovations in the Nxt core shows ya something about human nature - something that's not embittering. Here were a bunch of original stakeholders that didn't just get rich quick, they got rich suddenly - and that goaded them into buckling down and working for "free" while living off their windfall gains. It's nice to know that there are still folks who feel an obligation to build up a cryptocurrency that made them affluent. It's one of the (few?) cases where "giving back to the community" isn't motivated by a guilt complex or smarm.

That makes my point son. Using Bitcoin is like using Windows 95 compared to something like this: https://bitshares.openledger.info

You would rather use craptsy though and then cry on the forums about them scamming you...

They already do son

Wow... A lot of options. I chose only 1 and that's mobile wallets. That's the most important IMO.

So you expect people to work to improve Bitcoin for free? Good luck with that... in that case the technology would develop at a snails pace like Linux. People need to be compensated for spending long hours developing, and the easiest way to do that is by issuing their own cryptocurrencies. Otherwise, there is no point in them developing anything at all, and they might as well just go get a job. The people smart enough to decently program a decentralized technology can easily obtain a 100k/year salary, yet you expect them to work for free because Bitcoin is the "master race" cryptocurrency?

Ideally, it has got all of your listed feature, but I think sidechains, a fair distribution, smart contacts and colored coins are to key to success.

people can build another wallet around bitcoin, it's decentralized. this wallet don't have to be another scam idea.

I disagree. Currency is not the only thing that benefits from decentralization. If only the currency was decentralized, then everyone would be susceptible to being scammed while using centralized third party services. At the very least, most of the core services should also be decentralized (but I prefer everything be decentralized within reason if it provides a benefit.)


I doubly disagree. Bitcoin can't even change its blocks size without everyone throwing everyone else under the bus and fights errupting. There is no way they implement many features the newer crypto currencies have and/or have implemented in the next 5 years simply due to politics.

+1 to this comment.

@benthach
Solid Point !

And the OP said 5 years.. so many of these features could put into BTC in that time frame.
Mean while Altcoins will come and go pumped and dumped by large groups (as ALWAYS)

People are quick to forget around here that the outcome never changes.

A coin comes out it may have some unique or redeemable qualities..
It may have a good dev(s) it may have and i hate saying this it sickens me but "community" (AKA: Greed-Crowd)
BUT
You guys are forgetting one thing !
ALL
..of these so called coins are ruled by the richer guys as soon as they are put on Exchanges (if not sooner)
They -NEED- to target a coin that has a user base of gullible morons who think Monero etc is teh future'z 111
They will then manipulate the markets decimating the value causing a lot of loser noobs with massive losses.
This can be done easily when you have lots of money = Lots of money equals you make the rules.
In other words an uneven playing field..
What will work best too is to co-op a stupid naive dev into coding.
Throw him some peanuts on the side and pushing along to keep working on it..
So the manipulators can continually prop up and collapse the coin ..over & over ..for large profits.
Best of all we have devs who are naive and gullible and seem to play dumb that their coin is manipulated on Exchanges.
And they seem to think their coin will not suffer the same fate as 100% of every other previous coin ever made.
And the Cheerleader brigade too is exploited.. they can prance around the web doing free advertising etc
hyping up shit coins so rich guys can kill it dead.. like gullible naive patsies.

Nothing ever changes.
All we here is "one day" ..and WHY ?
There is never an answer.. just because. LOL

You guys here are 90% gullible naive little suckers exploited and used as patsies by the rich.
BLIND and oblivious to guys like Risto + Monero turning you out like a pimp.
And your Exchanges like Poloniex's etc couldn't care less as long as they get a slice..

The more time goes on the more what i said is proven (scammer webs exposed)
Which leads to less people involved.. while mod's on Poloniex lie to me and ban me for saying Crypto is shrinking.
Never upset their gullible victims they farm and groom.

Insanity is defined as what smart guys ?

what about all these crap smart ledger, simple remote control, smart scam etc ect? no more than just useless scam ideas

bitcoin is already perfect as currency/money/cash

if people want all these useless craps they would build around bitcoin and use bitcoin as currency. it dont need to have endles scam coins to achieved any real honest project to better bitcoin cryptocurrency

Bitcoin is 4,000 times more successful than any shit coin.
SO..
It did not have any of those things YOU ALL keep posting.
so....