Topic: ☂☂☂ Main features a coin should have that will go close to bitcoin ☂☂☂ (Read 170 times)
October 27, 2018, 07:29:23 AM
these points are really valuable, however i think there is still need of a unidentified technology to make this a real tool for world.
October 24, 2018, 11:34:06 AM
People say scalability but I always see it as the ideal problem for a coin to have, just as Bitcoin has had over the years - without the problem of scalability, there is little external push for technological progress. If Bitcoin capacity were never tested, we might have not seen SegWit or Lightning Network arrive so quickly, for example.
It's not about the features.It's about the team of developers and the "tribe" of supporters that make a coin strong,secure and valuable.You can have a genius consept or a briliant idea,but without a good team behind you,your ideas and plans are nothing.
Exactly. At a technical level, most coins are "superior" to Bitcoin but let's face it. The majority of Bitcoin users couldn't ever tell the difference between blockchains, except perhaps perceived levels of speed and cost (and if users move to an alt it is generally because of these two).
I've seen technologically inferior coins with perhaps less mature blockchains, less robust scaling and security, yet have a community firmly behind them and willing to go to great lengths to use them - take Dogecoin as the almost eternal example.
thinking of the reasons behind the success of the minable coins like bitcoin that has no other function then a decentralised currency. Is it the quantity, security, halfing period and amount, or else.
What could be the best features we can have in a minable coin.? I am not asking for additional features, but according to you what is the best settings to introduce another bitcoin like coin.
What could be the best features we can have in a minable coin.? I am not asking for additional features, but according to you what is the best settings to introduce another bitcoin like coin.
It's not about the features.It's about the team of developers and the "tribe" of supporters that make a coin strong,secure and valuable.You can have a genius consept or a briliant idea,but without a good team behind you,your ideas and plans are nothing.
Exactly. At a technical level, most coins are "superior" to Bitcoin but let's face it. The majority of Bitcoin users couldn't ever tell the difference between blockchains, except perhaps perceived levels of speed and cost (and if users move to an alt it is generally because of these two).
I've seen technologically inferior coins with perhaps less mature blockchains, less robust scaling and security, yet have a community firmly behind them and willing to go to great lengths to use them - take Dogecoin as the almost eternal example.
October 24, 2018, 08:51:29 AM
thinking of the reasons behind the success of the minable coins like bitcoin that has no other function then a decentralised currency. Is it the quantity, security, halfing period and amount, or else.
What could be the best features we can have in a minable coin.? I am not asking for additional features, but according to you what is the best settings to introduce another bitcoin like coin.
What could be the best features we can have in a minable coin.? I am not asking for additional features, but according to you what is the best settings to introduce another bitcoin like coin.
A new consensus algorithm that bares the same level of decentralisation as POW but yet a variation that is much of efficient and eco-friendly for the environment.
1) Scalability. Bitcoin does not have the ability to do millions of transactions per second.
Majority of "scalable" products in the space are dependent on BFT which can be highly centralised. What's the point of an asset that defies the ambition of what Bitcoin was created for but yet exemplifies itself to be a contender of.
The only project i've found that is attempting to tackle a system that is scalable whilst baring uttermost decentralisation is Cypherium with their hybrid BFT/POW consensus algorithm.
October 24, 2018, 07:52:59 AM
thinking of the reasons behind the success of the minable coins like bitcoin that has no other function then a decentralised currency. Is it the quantity, security, halfing period and amount, or else.
What could be the best features we can have in a minable coin.? I am not asking for additional features, but according to you what is the best settings to introduce another bitcoin like coin.
What could be the best features we can have in a minable coin.? I am not asking for additional features, but according to you what is the best settings to introduce another bitcoin like coin.
It's not about the features.It's about the team of developers and the "tribe" of supporters that make a coin strong,secure and valuable.You can have a genius consept or a briliant idea,but without a good team behind you,your ideas and plans are nothing.
October 21, 2018, 10:47:49 AM
thinking of the reasons behind the success of the minable coins like bitcoin that has no other function then a decentralised currency. Is it the quantity, security, halfing period and amount, or else.
What could be the best features we can have in a minable coin.? I am not asking for additional features, but according to you what is the best settings to introduce another bitcoin like coin.
What could be the best features we can have in a minable coin.? I am not asking for additional features, but according to you what is the best settings to introduce another bitcoin like coin.
1) Scalability. Bitcoin does not have the ability to do millions of transactions per second.
Built-in anonymity just makes it more convenient. 
I cant deny that this would be a good add up. October 21, 2018, 06:22:07 AM
A feature to increase it's anonymity to a higher level, like some coins has with built-in mixer services. I know a lot of people rely on Mixer services to increase anonymity with Bitcoin and there is nothing wrong with these services, but trust will always be an issue.
Government agencies has shown that they can infiltrate or mimic these services and then use these services as a honey trap to prosecute specific individuals, like they do with Exit nodes on the Tor network. Built-in anonymity just makes it more convenient.
Government agencies has shown that they can infiltrate or mimic these services and then use these services as a honey trap to prosecute specific individuals, like they do with Exit nodes on the Tor network. Built-in anonymity just makes it more convenient.
October 21, 2018, 05:49:21 AM
Instantaneous transaction, as for instance, on a POS at a retail store or coffee house. That would be like, "really" currency.
October 21, 2018, 03:20:05 AM
thinking of the reasons behind the success of the minable coins like bitcoin that has no other function then a decentralised currency. Is it the quantity, security, halfing period and amount, or else.
What could be the best features we can have in a minable coin.? I am not asking for additional features, but according to you what is the best settings to introduce another bitcoin like coin.
What could be the best features we can have in a minable coin.? I am not asking for additional features, but according to you what is the best settings to introduce another bitcoin like coin.
1) Scalability. Bitcoin does not have the ability to do millions of transactions per second.
October 21, 2018, 03:09:14 AM
thinking of the reasons behind the success of the minable coins like bitcoin that has no other function then a decentralised currency. Is it the quantity, security, halfing period and amount, or else.
What could be the best features we can have in a minable coin.? I am not asking for additional features, but according to you what is the best settings to introduce another bitcoin like coin.
What could be the best features we can have in a minable coin.? I am not asking for additional features, but according to you what is the best settings to introduce another bitcoin like coin.
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