Topic: In order for a cryptocurrency to be successful in 5 years time, it must have... - page 3. (Read 3902 times)

"the urge to need more scam altcoins" ... this is simply me trying to gain an understanding of what the alt Cryptocurrency community feels is most important. I am not pushing alt coins or any certain alt coin here. You are apparently not a part of the alt cryptocurrency community, so I guess you can move along...


I am of the belief that Bitcoin's network effect can be broken and that there is no guarantee that it will always be successful in the future. Alt coins are the ones pushing blockchain technology forward, not Bitcoin. Bitcoin is too conservative (for good reason) and the politics in Bitcoin work against its evolution into a second generation cryptocurrency. Pretty much the only thing it has going for it is its network effect, but I feel like this is no guarantee that it will be successful in the future. I wrote the following about Litecoin, but it applies to Bitcoin as well:

cryptocurrency as in bitcoin is already a successful and it don't need 5 more years. 5 years mean more and more people will adopted it but bitcoin at current stage is already a successful. this thread sound more like the urge to need more scam altcoins and that's all.

In my opinion, a successful alternative cryptocurrency is one that has reached the top end of the market cap rankings and has a shot at being wildly successful in the coming years. Cryptocurrencies haven't truly caught on yet you are correct, and no cryptocurrency is truly successful yet, but it would be foolish to dismiss them all simply because of that fact.. change takes time.

It is a poll bra.  

How am I pushing my views on others? Am I putting a gun to their heads and forcing them to vote for this option or that option? An opinion is called an opinion for a reason, everyone is entitled to have their own.

It is my opinion that features and a good community is certainly not enough to make a successful Cryptocurrency... I agree. I think it is a mixture of all of the things listed in the poll that will give Cryptocurrencies value in the future. The unknown part to me, hence the reason for the poll, is how important each option is in the "secret sauce". I refer to the "secret sauce" as being the unknown formula for a Cryptocurrency's success. Everyone obviously has their own opinion as to what factors are important ingredients of the "secret sauce".

That is a horrible analogy... no one invests (or speculates) in CPUs and Motherboards. Those products are not changeable... what you buy is what you get and what it will be forever. Cryprocurrencies are software programs and can be reprogrammed, edited, and completely rewritten. Computer hardware is not traded on the free market, and Cryptocurrencies are not made by huge corporations with the large barriers of entry of computer hardware manufacturing. Cryptocurrencies are not widely adopted yet, on the other hand computer hardware can be found in every home of a 1st world country.

I disagree. I think it is possible for a currently existing Cryptocurrency to dethrone Bitcoin. You and I don't know what will happen in the future but, no matter how unlikely it is, to say it is impossible is idiotic.

This is what happens to commodities traded on open markets.. there are good times and bad times. The market can go up or down and that is completely normal, the price going down means nothing about the future of a Cryptocurrency. The price cannot go up forever for eternity, I am confident the market (both Bitcoin and alternative Cryptocurrencies) will rebound eventually.

Yes, they are still widely uninformed of the benefits of blockchain technology and how it will change the world for the better. Simply because they are currently ignorant to those benefits doesn't mean that they will always be. As I said earlier, change takes time and the industry is still in its infancy.


$400 a coin is a large increase compared to what it was a few years ago. Most older alt coins that are popular have seen big gains as well. You compare their current price to that of their all time highs and call them a failure? Do you even free market bro?

Forget all about the bells and whistles dude, i ll tell you what it must have: NETWORK EFFECT

What it needs is a killer app to make it easy to use for joe public.

Oh yeah ?
Show me 1 single successful Altcoin.
hell Bitcoin itself is a failure and that is your measuring stick.

It's crystal clear you are simply pushing a warped view here devoid of context and reality.
A mix of technical features + the infamous "community" retort amounts to fuck all !
There is no so called community for any coin.
They are collections of bag holders.. short or long term.. nothing more.

A good analogy is like buying a CPU and motherboard for a computer
then running around proclaiming it's gonna be big one day.
When anyone with half a brain realizes the tech is DOA on launch and new tech is already coming out.

When a coin comes out that has even the slightest chance of dethroning Bitcoin we will know it.
There will be no debate and no need for topics like this.

And so far we have squat..
Bitcoin has been dying off and fading into obscurity by a world that says it's over.
The only thing the public ever thought of it was that it was a Ponzi scheme token used to buy drugs
that *may make you a profit while it's popular..
And Altcoins ?
A million times less useful.
The values speak loud & clear..
Monero the most popular coin ? = 45 cents.
Bitcoin the failure King ? = $400
/end of story.

None of the above ..adoption is the only answer.

a currency not used as a currency is NOT a currency.

I agree with you completely.

I can agree that you can no longer make small tweaks to cryptocurrencies and launch a successful cryptocurrency, to play with the big boys now you need to be innovative or it's not even worth looking at as an investor.

It is interesting to me how close the poll is. Thanks for voting!!

Fair Distribution and demurrage.

Definitely, and the major innovation I believe will become the next big thing in 5 years time (probably sooner) will be the use of ring signatures and the cryptonote protocol.

Until there is a crypto that can find a way to make a reliable lightning network that can make faster confirmation times, I believe this is were cryptos are going to be heading in the short term future.

Good points guys. I will add:

Solid Developers
Innovative Features
Fair Distribution
Supportive and Productive Community

Feel free to change your vote at anytime.  

None of the choices in your list matters if there isn't :

- a good coin distribution. For example,  not the top 10 rich list holding 60%++ of the total coinage.

- a great community of do'ers, not just leechers.

Just after these 2 above are checked, then we can go with the elements in your list in order to help. Many coins have a lot of these stuffs in your list but the community and followings isn't proactive enough to use the tools that the devs are proposing. Also, if the top holders of that said altcoin hold a too big proportion of the total coinage, even with good releases and innovations,  the snowball effect will be too small in that oversaturated / overhyped market. we can see many alts that have a top 10 rich list controlling as much as 90% and more.

It needs innovation..

The problem with most shitcoins today is they lack innovation.. and the ones that are innovative sadly are to complicated for most or swept under the rug.

One notable altcoin is CRE (Credits).. Any BTC user can claim them and its POW that requires coins to be deposited in order to make mining easier.
I would check it out if you are looking for a decent coin to run with in the future.

Honestly though most shitcoins are just wastes of bytes.. very few are worth the BTC people trade them for.

It would need a developer like john-connor

You can change your vote if a new option is added you would prefer more. 
You can choose up to 30 options.