Is it so hard to make one Good coin?

Oasisman

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Quote from: jack05 on March 29, 2021, 04:20:38 PM

First of all you have to understand that XRP is not a crypto, it's just a centralized currency managed and governed by bank. Secondly, blockchain has problem b/w scalability, security and centralization. It's because of this problem bitcoin still wasn't able to make it to mainstream payment system.

Kinda make sense. Ripple ain't using the blockchain mining concept instead they make their own consensus algorithm to make fast and swift transactions. Nevertheless, these are what the banks like to adopt and banks hates decentralisation. So, I guess this is one area where XRP was so different than any other alt in crypto market. This was also the reason why some investors has some trust and integrity issues towards this company.

MishaSER

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Quote from: lienfaye on March 28, 2021, 11:10:57 PM

Quote from: MishaSER on March 28, 2021, 12:06:21 PM

It is very difficult, as we see, when in 2015 the developers presented ETH, could they imagine that in 5 years their project would require from $ 20 to $ 150 per transaction :? I think that no, they did not know it. Of course, because of these situations, many projects have appeared that solve this problem. It might be a good decision to create a single project with low commissions, but it won't. This is a lot of money and everyone wants to take over this market.

Its not really easy thats why even eth and bitcoin are the most popular coins in crypto world, they're lacking into something that makes it not perfect and this problem can be resolve by other coins when it comes to fees. Xrp is one of the good alternative with low fees when transferring, if dev can create a coin that can resolve real problem and near to be perfect then we'll never face different issues but its not going to be easy.

You cannot compare ETH with XRP, because it is completely different, ETH has a whole ecosystem with many interactions, and XRP is not unique in anything, it is an ordinary coin. The ETH team hope to resolve this issue.

blockman

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Quote from: jack05 on March 29, 2021, 04:20:38 PM

First of all you have to understand that XRP is not a crypto, it's just a centralized currency managed and governed by bank. Secondly, blockchain has problem b/w scalability, security and centralization. It's because of this problem bitcoin still wasn't able to make it to mainstream payment system.

Not actually the banks but Ripple labs itself. They've endorsed it before that it's the payment that shall be adopted by most banks until the lawsuit came.
And the one known financial institution or business that I've known partnered with them was Moneygram. But for the banks, I think if there's any, I forgot it.

jack05

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First of all you have to understand that XRP is not a crypto, it's just a centralized currency managed and governed by bank. Secondly, blockchain has problem b/w scalability, security and centralization. It's because of this problem bitcoin still wasn't able to make it to mainstream payment system.

FanEagle

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Quote from: Sophiya on March 29, 2021, 06:07:38 AM

Because nothing is perfect) in fact, it is not profitable to make small transactions on the basis of Ethereum, but there are a bunch of other good alternative coins (in the binance network). It seems to me that everything is not so bad.

Yes, but because everyone has different beliefs in this matter, not everyone can like what we suggest even if it's good, especially now that projects on the Binance network are still very good and good for starting a profit.

I do agree that you can't make something that is perfect for everyone, eventually people will find something that is wrong with that project as well. I have tried to write a concept once for someone about a coin that would be so good that everyone would love it, it would have been basically the perfect coin that everyone would want to buy and use, it had usecases it had technological improvements it was awesome, and I presented it and during a beta test to see how people would react people didn't care, they didn't dislike it, they just didn't care about it. That day I realized I may have created a bad coin, but I know for a fact that no matter which coin you talk about, there is at least one person who hates it.

BSC is profiting people a lot, in the range of 1000%+ profits if you are quick enough, that's why I think so far that's the closest we got to perfect for traders.

Slow death

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Quote from: cryptoboss2020 on March 27, 2021, 04:02:55 AM

Im not a developer...
Well but If I would
This is what I Will do it :
I create coin name it fiat stable. Its valued 1:1 to eur and 1:1 usd. And Transaction fee always 50 cents and maximum of 3 minute Transactions.

That's Simple!

the problem is that most people are focused on making hodl and do not use cryptocurrencies to shop, there is LTC for example which is faster than many currencies, but then why is LTC not on top? because it copies bitcoin and people feel more secure making bitcoin hodl and for the LTC case people used it when they want to transfer coins from one exchange to another. this means that many developers are not focused on the question of speed and low rates, they focus on creating things that will attract investors.

Quote from: JeffBrad12 on March 29, 2021, 08:55:36 AM

Just stick into the trusted coins if you are feeling so hard to find the coin that can be trusted and i think that will be a very easy task to be done by you dude. there are a bunch of trusted coins on CMC. If you didn't have enough knowledge about how to deal with the new coin and then you should try to avoid it rather than put yourself at a big risk with a very big chance to lose your money instantly.

there are currently hundreds of good altcoins, the person just has to choose what he thinks is suitable for the purpose he wants to use

for example:

if the person needs fast altcoin, then they can choose fast altcoins like LTC and others

if the person needs altcoin to make hodl and make a profit of 3X the person can look for altcoin that serves this purpose

JeffBrad12

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The problem is there are many scams....so hard to find a good coin for investment. Any sugestion?

Just stick into the trusted coins if you are feeling so hard to find the coin that can be trusted and i think that will be a very easy task to be done by you dude. there are a bunch of trusted coins on CMC. If you didn't have enough knowledge about how to deal with the new coin and then you should try to avoid it rather than put yourself at a big risk with a very big chance to lose your money instantly.

If you are looking for the new coin as an investment and you can use icodrop or cryptorank but if you are searching for a coin that already listed on the exchange site and goes to the top coins.

rozak

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Quote from: Sophiya on March 29, 2021, 06:07:38 AM

Because nothing is perfect) in fact, it is not profitable to make small transactions on the basis of Ethereum, but there are a bunch of other good alternative coins (in the binance network). It seems to me that everything is not so bad.

Yes, but because everyone has different beliefs in this matter, not everyone can like what we suggest even if it's good, especially now that projects on the Binance network are still very good and good for starting a profit.

of course, everyone has a different assessment of the project. it depends on how much the person likes it.
each person has a more prominent character. for example, prefer trading over investment and vice versa.
In the case of BSC, there are actually many scam tokens that scammers can easily generate. low-cost scammers can easily create liquidity on the exchange.
trust me making a very good asset for a new project is very difficult. moreover, they have to compete with assets that are first on the market. because building a strong market that will be very difficult to achieve by new projects.

max6575

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with more on works of tasks with evaluation developer to deliver good product and service on returns with the work on manufacturing/development as more on extensive to gives of chance on public audience as they might attains on work with the crypto finance as trading with the market exchange.

MishaSER

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Quote from: lienfaye on March 28, 2021, 11:10:57 PM

Quote from: MishaSER on March 28, 2021, 12:06:21 PM

It is very difficult, as we see, when in 2015 the developers presented ETH, could they imagine that in 5 years their project would require from $ 20 to $ 150 per transaction :? I think that no, they did not know it. Of course, because of these situations, many projects have appeared that solve this problem. It might be a good decision to create a single project with low commissions, but it won't. This is a lot of money and everyone wants to take over this market.

Its not really easy thats why even eth and bitcoin are the most popular coins in crypto world, they're lacking into something that makes it not perfect and this problem can be resolve by other coins when it comes to fees. Xrp is one of the good alternative with low fees when transferring, if dev can create a coin that can resolve real problem and near to be perfect then we'll never face different issues but its not going to be easy.

The only thing that will help is to create a stablecoin ecosystem. If, for example, 1 ETH costs 1 $, then the entire ecosystem will work like clockwork, I am sure such a project will appear in the future. Of course, this is very difficult because who wants to develop a project in which the main point is a stablecoin, which cannot be earned.

Sophiya

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Because nothing is perfect) in fact, it is not profitable to make small transactions on the basis of Ethereum, but there are a bunch of other good alternative coins (in the binance network). It seems to me that everything is not so bad.

Fivestar4everMVP

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Well, is not too much to ask, but instead of asking, why can't you do it yourself??
We are all in this world to solve problems in the various field we specialize on, if you know this thing isn't working or maybe it is working but for some reasons, it's not working as it should, it's in your best interest to fix it, you have the power to, as we are here in crypto, it's our collective responsibility to make it better, to make it work, if you find something not working as it should in the system, get up and correct it, it is no one man's responsibility but our general responsibility to make crypto currency better for us and generations to come.

isaac_clarke22

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Stable coin? We already have many stable coins in the market, OP.
What more could you ask for?
We already almost have what we needed in the current market, maybe still need quite few tweaks for some coins especially with high fees in transactions, but that would even be satisfied through its current development.

criket

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I think what becomes really difficult is when they don't have market confidence in their project and product. it's like there is no enthusiasm for the product being made. it means that there will be no market adoption.
even when the project is seriously designed and running but not all get investors. At a certain time, they could become a scam because part of their team could just leave the project because there was no progress.

mu_enrico

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Ever heard of Vitalik Buterin's "trilemma"? You can create cheap/fast tx coins easily but sacrifice security or decentralization. That's still solely about the network, but you have ownership problems too when the 1% of users hold 90% of the coin supply.

Quote from: Luffygroove on March 28, 2021, 11:43:44 PM

is this coming from your frustration? chill dude, everything's going to be okay. The Crypto world is developing. This is a new world, everyone is doing trial and error to build better technology. We are still at the beginning phase.

True, the mystery is what makes crypto space interesting.

aryana42

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The problem is there are many scams....so hard to find a good coin for investment. Any sugestion?

Scams is a challenge and risk that you must always face when investing through cryptocurrency, so don't make it your obstacle to profit, because those who are afraid of fraud and don't want to try to deal with it through in-depth research and analysis, then you don't will never get anything in the crypto space, and for investment advice since you are still a newbie, then just choose coins that have potential and have good ratings such as BTC, ETH, BNB and ADA.

777Jolami

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Quote from: cryptoboss2020 on March 26, 2021, 03:10:09 PM

Is that so hard? So difficult?
Like cmon paying for 15$ value 30$ just to transfer

AT the moment XRP is number one. Its fast amd its cheap.

But really is that so difficult to make just one coin that works? The coin what is cheap and fast.

Why don't you try the Doge or TRX experience. It's pretty good and works smoothly, quickly, and the transaction fees are pretty decent. After losing confidence with the fight with the SEC for XRP. I have studied and selected it. However, with the latest move recently, I think XRP can quickly return to its position as the best coin at a low cost to trade and transfer.,

Luffygroove

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is this coming from your frustration? chill dude, everything's going to be okay. The Crypto world is developing. This is a new world, everyone is doing trial and error to build better technology. We are still at the beginning phase. Just follow the flow. I mean, yes of course Ethereum needs to come with a solution regarding the clogging network and high fees and probably it will come in June or July. For some other solution, we saw Matic (polygon) as one of the efforts to overcome this, even though probably there's a lack here and there. Everything good must through a process.

lienfaye

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Quote from: MishaSER on March 28, 2021, 12:06:21 PM

It is very difficult, as we see, when in 2015 the developers presented ETH, could they imagine that in 5 years their project would require from $ 20 to $ 150 per transaction :? I think that no, they did not know it. Of course, because of these situations, many projects have appeared that solve this problem. It might be a good decision to create a single project with low commissions, but it won't. This is a lot of money and everyone wants to take over this market.

Its not really easy thats why even eth and bitcoin are the most popular coins in crypto world, they're lacking into something that makes it not perfect and this problem can be resolve by other coins when it comes to fees. Xrp is one of the good alternative with low fees when transferring, if dev can create a coin that can resolve real problem and near to be perfect then we'll never face different issues but its not going to be easy.

JooBra

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Quote from: MishaSER on March 28, 2021, 12:06:21 PM

It is very difficult, as we see, when in 2015 the developers presented ETH, could they imagine that in 5 years their project would require from $ 20 to $ 150 per transaction :? I think that no, they did not know it. Of course, because of these situations, many projects have appeared that solve this problem. It might be a good decision to create a single project with low commissions, but it won't. This is a lot of money and everyone wants to take over this market.

Taking time to create a coin should work. I think of Cardano when I say that. They are taking their time and trying too look at all aspect and I really like that. At the longer end projects like that will be more useful in the future.

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