Nice poll.
I would also maybe add:
good marketing
smart contracts (I guess that is what you mean by scripting language)
proof of existence
easy APIs
2FA
Topic: In order for a cryptocurrency to be successful in 5 years time, it must have... - page 2. (Read 3902 times)
December 22, 2015, 01:57:55 AM
December 21, 2015, 10:18:02 AM
Crypto currency must have a lot of sites, which use it - then it can be successful 5 years or more 
And also it must have something unique - like multisignature wallets, very fast transaction time etc.
And also it must have something unique - like multisignature wallets, very fast transaction time etc. 
December 21, 2015, 01:58:40 AM
Fast,secure,fair distribution, web wallet or lite wallet, strong community and buyers in the open market, and of course a good Dev
Oh yeah ?
Seems that has been done already and it accomplished nothing soooo uuhhhhmmmm ?
Is 5 years going to magically take those existing traits and magically convert it into adoption ?
MAGIC !
Play nice, there is no right or wrong answer to this question. No one knows "the secret sauce". Everyone thinks they do, and certainly some people probably do know it. However, we won't find out who those people are, or what the "ingredients" to the "secret sauce" are until 5 years from now.
Everyone seems to have at the very least a slightly different opinion. I am attempting to learn what the most important features are.
Actually there is a right answer and i gave it to you guys on this topic already.
Don't confuse the issue with back peddling with "niche currencies" or other limp wristed gimmicks..
A currency is only defined as such if used large scale.
And the only way to judge that is if it's used by lots of people.
You know most people don't tap dance around playing dumb little games about this issue.
it's not like you need to be a Rocket Doctor.. it's real simple.
What makes a Cryptocurrency to be successful ?
So far we have learned..
that we can change the meaning of successful and currency to suit our sad ass faggy bag holder broken tardlet logic.
Gimme a fuckin' break FODOR's
December 20, 2015, 11:23:28 PM
This list in the OP is the exact reason cryptocurrencies are currently going nowhere. If we define success as some case of mass adoption (in consumer or industrial markets), then we have to think about market applicability. The car doesn't need an extra wheel unless there's a demand for one in some segments. Similarly, focusing on purely technology features in cryptocurrencies is misguiding us. Crypto is a product, first of all.
So in order to be successful in 5 years time, a cc should have market focus as well as knowledge of its segments and potential users. Otherwise, it is still but a technological sandbox or a decentralized R&D center if you wish.
These are some excellent points. There are many successful niche products in the World that are completely sustainable businesses.So in order to be successful in 5 years time, a cc should have market focus as well as knowledge of its segments and potential users. Otherwise, it is still but a technological sandbox or a decentralized R&D center if you wish.
I will add "have a target market (or fill a niche)" option. I agree this can be a good thing for a cryptocurrency to have. Kind of like GetGems (target market: messaging/mobile) or BitCrystals (target market: trade-able card game) or Dogecoin (target market: Doge community)... etc... I think having a target market is certainly a plus, but I do not think it is all that matters.
December 20, 2015, 11:17:04 PM
Fast,secure,fair distribution, web wallet or lite wallet, strong community and buyers in the open market, and of course a good Dev
Oh yeah ?
Seems that has been done already and it accomplished nothing soooo uuhhhhmmmm ?
Is 5 years going to magically take those existing traits and magically convert it into adoption ?
MAGIC !
Play nice, there is no right or wrong answer to this question. No one knows "the secret sauce". Everyone thinks they do, and certainly some people probably do know it. However, we won't find out who those people are, or what the "ingredients" to the "secret sauce" are until 5 years from now.
Everyone seems to have at the very least a slightly different opinion. I am attempting to learn what the most important features are.
December 20, 2015, 09:54:45 PM
Fast,secure,fair distribution, web wallet or lite wallet, strong community and buyers in the open market, and of course a good Dev
Oh yeah ?
Seems that has been done already and it accomplished nothing soooo uuhhhhmmmm ?
Is 5 years going to magically take those existing traits and magically convert it into adoption ?
MAGIC !
December 20, 2015, 08:00:44 PM
Fast,secure,fair distribution, web wallet or lite wallet, strong community and buyers in the open market, and of course a good Dev
December 20, 2015, 04:17:43 PM
This list in the OP is the exact reason cryptocurrencies are currently going nowhere. If we define success as some case of mass adoption (in consumer or industrial markets), then we have to think about market applicability. The car doesn't need an extra wheel unless there's a demand for one in some segments. Similarly, focusing on purely technology features in cryptocurrencies is misguiding us. Crypto is a product, first of all.
So in order to be successful in 5 years time, a cc should have market focus as well as knowledge of its segments and potential users. Otherwise, it is still but a technological sandbox or a decentralized R&D center if you wish.
These are some excellent points. There are many successful niche products in the World that are completely sustainable businesses.So in order to be successful in 5 years time, a cc should have market focus as well as knowledge of its segments and potential users. Otherwise, it is still but a technological sandbox or a decentralized R&D center if you wish.
There is how ever gimmick laden digital pyramid scheme tokens.. i think that is what you're referring to
December 20, 2015, 02:03:27 PM
It must have good developers, good community. It is not produced just to scam people. Too many scam coins out there.
December 20, 2015, 09:56:43 AM
This list in the OP is the exact reason cryptocurrencies are currently going nowhere. If we define success as some case of mass adoption (in consumer or industrial markets), then we have to think about market applicability. The car doesn't need an extra wheel unless there's a demand for one in some segments. Similarly, focusing on purely technology features in cryptocurrencies is misguiding us. Crypto is a product, first of all.
So in order to be successful in 5 years time, a cc should have market focus as well as knowledge of its segments and potential users. Otherwise, it is still but a technological sandbox or a decentralized R&D center if you wish.
These are some excellent points. There are many successful niche products in the World that are completely sustainable businesses.So in order to be successful in 5 years time, a cc should have market focus as well as knowledge of its segments and potential users. Otherwise, it is still but a technological sandbox or a decentralized R&D center if you wish.
December 14, 2015, 11:57:25 AM
Quote
In my opinion, a successful alternative cryptocurrency is one that has reached the top end of the market cap rankings..
and a shot..
I can go pre-mine a coin then have an ICO and jump to the top of the rank in a heart beat.and a shot..
I'd like to see you try so I can laugh at your failure.
and way to clip out the most important part of my quote... and fail to respond to the rest of my post cause reasons.
I snipped your quote to avoid the needless post quoting.
People can click on the previous page and see what you said.
Market Cap Rankings are a farce and i know i am the guy who got the asterisks added to coinmarketcap.com
So spare me the snotty commentary about it son.
I also love how successful has been turned into..
Ohh well... a coin is good now if it has a high CoinMarketCap ranking HAHAHA
..and high as high *chance* of adoption once day.. acording to noob bag holders
If THAT is your criteria then your a fool. /end of story
How else would we quantify success at this point? Certainly even you can admit some alt coins have been more successful than others. IE. Most of the hundreds of purely pump and dump coins that only tweaked a couple parameters are on their death beds or dying at this point. Compared to the more innovative alts that have garnered a large market cap, high liquidity, large and active community, good development, etc.
Although I admit Bit coin and every alt coin is yet to truly be a success, there has to be some way to quantify which ones have been more successful than others. That is what I meant by success, but I'm not going to continue debating semantics with you.
December 14, 2015, 10:13:47 AM
This list in the OP is the exact reason cryptocurrencies are currently going nowhere. If we define success as some case of mass adoption (in consumer or industrial markets), then we have to think about market applicability. The car doesn't need an extra wheel unless there's a demand for one in some segments. Similarly, focusing on purely technology features in cryptocurrencies is misguiding us. Crypto is a product, first of all.
So in order to be successful in 5 years time, a cc should have market focus as well as knowledge of its segments and potential users. Otherwise, it is still but a technological sandbox or a decentralized R&D center if you wish.
So in order to be successful in 5 years time, a cc should have market focus as well as knowledge of its segments and potential users. Otherwise, it is still but a technological sandbox or a decentralized R&D center if you wish.
December 14, 2015, 08:56:10 AM
Quote
In my opinion, a successful alternative cryptocurrency is one that has reached the top end of the market cap rankings..
and a shot..
I can go pre-mine a coin then have an ICO and jump to the top of the rank in a heart beat.and a shot..
I'd like to see you try so I can laugh at your failure.
and way to clip out the most important part of my quote... and fail to respond to the rest of my post cause reasons.
I snipped your quote to avoid the needless post quoting.
People can click on the previous page and see what you said.
Market Cap Rankings are a farce and i know i am the guy who got the asterisks added to coinmarketcap.com
So spare me the snotty commentary about it son.
I also love how successful has been turned into..
Ohh well... a coin is good now if it has a high CoinMarketCap ranking HAHAHA
..and high as high *chance* of adoption once day.. acording to noob bag holders
If THAT is your criteria then your a fool. /end of story
December 14, 2015, 05:53:34 AM
i think it is various in the list but probably the fair distribution is for me the key element
December 13, 2015, 09:33:26 PM
That's a pretty big list, lol.
But it's true tho, you need to have all this to survive that kind of time.
But it's true tho, you need to have all this to survive that kind of time.
December 13, 2015, 08:24:56 PM
Where is the "It has to BE Bitcoin" option?
This poll is supposed to be coin agnostic. Unfortunately, the debate/conversation is no longer coin agnostic but I would like to at least keep the poll that way. I would prefer it stay on topic, by only talking about the options of the poll and which ones are the most important. However, just like every thread on this subforum it has turned into another this coin versus this coin or bitcoin versus alt coins debate. Such a pity.
I did add network effect and Bitcoin-themed options to the poll (wide merchant adoption, high liquidity, many exchanges, etc..) for those people that feel those are the most important things... I don't get why everyone's flipping out on me as if I'm pushing some alt coin or something- I'm not. I am simply trying to figure out what properties are most important, and what truly gives a cryptocurrency value.
December 13, 2015, 08:19:31 PM
Quote
In my opinion, a successful alternative cryptocurrency is one that has reached the top end of the market cap rankings..
and a shot..
I can go pre-mine a coin then have an ICO and jump to the top of the rank in a heart beat.and a shot..
I'd like to see you try so I can laugh at your failure.
and way to clip out the most important part of my quote... and fail to respond to the rest of my post cause reasons.
December 13, 2015, 08:15:34 PM
Where is the "It has to BE Bitcoin" option?
I think just about any tech discovery any alt makes can be implimented in BTC if its good enough so BTC will still win..
The only alts I see really being successfull would be maybe DASH or some other anon altcoin that BTC cannot be if it wants to be mainstream due to gov't shiit..
Many coins may still be around in years but I don't see any of them threatening BTC..
I think just about any tech discovery any alt makes can be implimented in BTC if its good enough so BTC will still win..
The only alts I see really being successfull would be maybe DASH or some other anon altcoin that BTC cannot be if it wants to be mainstream due to gov't shiit..
Many coins may still be around in years but I don't see any of them threatening BTC..
December 13, 2015, 08:14:05 PM
Quote
In my opinion, a successful alternative cryptocurrency is one that has reached the top end of the market cap rankings..
and a shot..
and a shot..
Uhhm no.. that is called a Ponzi scheme popularity contest rating system with major flaws.
I can go pre-mine a coin then have an ICO and jump to the top of the rank in a heart beat.
then come here and proclaim grand plans.. then wander off with all your money.
which is what happened with every other coin to date /the end
to put it short and sweet.. you are full of shit.
December 13, 2015, 08:04:20 PM
read my bold. alt coin is alt coin, it don't matter what the name of this scam alt coin is. you need to make up your mind.
back to the title of this thread, "cryptocurrency to be successful in 5 years time, it must have...", cryptocurrency as in bitcoin is already a successful and it don't need 5 more years.
the title of this thread should be, "for scam alt cryptocurrency to be successful in 5 years time, it must have..."
you must of woke up everyday still in fairy tale land.
You have really low standards as far as what it means for a cryptocurrency to truly be successful. Bitcoin is hardly being used by anybody for any meaningful purpose other than speculation. I guess being a good vehicle for speculation is your definition of being successful...back to the title of this thread, "cryptocurrency to be successful in 5 years time, it must have...", cryptocurrency as in bitcoin is already a successful and it don't need 5 more years.
the title of this thread should be, "for scam alt cryptocurrency to be successful in 5 years time, it must have..."
you must of woke up everyday still in fairy tale land.
Furthermore, those that lump all alt cryptocurrencies into one category of "scam alt cryptocurrencies" are ignorant. Sorry, there will not be one cryptocurrency to rule the world. Since Bitcoin and Litecoin are not interested in furthering the development of decentralized technologies, it is up to the alt cryptocurrencies to do so, and they are- rapidly. You better hope that your network effect mantra that the "ride or die" Bitcoiners preach becomes true, because alt cryptocurrencies are developing and improving upon the core technology (Bitcoin) rather quickly.
Jump to: