Newbie, OP, you know nothing what so ever about altcoins.. now STFU thanks
LOL, cheers to you my friend, Mr. Spoetnik, I freely admit that my knowledge of crypto tech is sparse, hence this poll for info.
Abraham Lincoln surrounded himself with advisors who were not only smarter than him, but they did not always agree with him either. Like honest Abe, I do not want a cabinet of yes men. I prefer to immerse myself in the progressive state of the art genius that is available to me at my fingertips. We’ll never make America great again if we refuse to learn new technologies. I am walking the talk.
I welcome the tough love, and don’t expect to be treated as a celebrity but as any old noob who is fresh off the boat stumbling into the wrong bar after hours. I’m thick skinned and a proven winner who will bounce back leaner and smarter than before. I appreciate your help here, so please bear with me while I hone the prospectus for my “2016 Crypto Equity Index Freedom Fund”
I have divided my selections into 2 distinct categories:
1. Governance Models
2. Niche Businesses
So far, we have only identified 4 major categories of crypto company/community governance models:
1. - In a Hashocracy like bicoin, only the miners choose which future developments get implemented (which hard forks to take), and anyone is free to compete in the coin mining process. The original Bitcoin Foundation members did not like fact that they lost their ability to control the miners, so they left to form Decred which is a:
2. - hybrid Hashocracy/Meritocracy which allows anyone to compete in the coin mining, but only coin holders get to vote on development directions (which hard fork to take). DASH is now a hybrid Hashocracy/Meritocracy like Decred, but started out as a Dictatorship when Evan misrepresented the total number of shares without indemnifying the shareholders. Since the SEC has no jurisdiction over a crypto company, there can be no legal recourse for suffering through injustices experienced as a shareholder of a company ruled as a:
3. - Dictatorship is where a central man or entity tells the miners what to do. I pledge to avoid any investments in companies who are
or have ever been ran as a Dictatorship due to the lack of legal shareholder recourse described in #3 above.
4. - In a pure Meritocracy like BitShares, shareholders determine which hard forks to take
and who is allowed to mine new coins (1 BTS = 1 Vote). This type of community resembles that of a traditional company with multiple owners.
Because I obviously need to be politically correct here, I formally apologize to Amanda for criticizing her explanation of the DASH governmental structure as anything but its former dictatorship because it’s obvious now that Masternode owners are in control of the DASH network, even though that was not always the case. I simply choose not to associate with former dictators, and I don’t want to lose the female vote.
https://www.youtube.com/watch?v=VQGlcLFhwE0#t=2m8s(I stand corrected Ms. Johnson)
In our second category for crypto investment, I'm searching for the best of breed (large cap) crypto companies in each niche market.
I only came up with 8 niche crypto business sectors. Please let me know if I am overlooking any sectors. Again, I want only the largest cap company in that sector, but not if it has ever been ran a Dictatorship:
1. the largest (biggest market cap) data storage company is Maidsafe
2. the largest records database company is Factom
3. the largest social networking company is Synereo
4. the largest music monetization company is MUSE
5. the largest public Turing complete computer is Ethereum
6. the largest anonymity solution (omitting DASH) is BitShares
7. the largest file swapping service company is Florincoin (The Alexandria Project)
8. the largest domain name company is Namecoin
So to summarize:
Are there any crypto business types or governance structures that I have not considered?
Thanks in advance, and there was one question, I have yet to field:
Question: Which top 10 crypto do you feel is most likely to change its political policies in a way that affects a majority of its community members negatively.
Define "community members." What constitutes a negative effect? Are "political policies" taken from the official mission statements of the coins' documents, or simply one's subjective impressions of what the leadership's undisclosed vision for the coin might be?
The original "biggest scam" question is more appropriate, given the rephrase is equally subjective and even more vague, IMO.
Community members = coin holders or shareholders
Negative affects = decisions made outside shareholder control that have the potential to lower the share price.
Evan stealing coins is such a negative effect even though he did not sell them on the open market, he could at any time.
Political Policies are direct statements taken from whitepapers, bitcointalk announcement threads, or any written dev post.
A scam is a lie that can only be proven by objective fact (no different than in a court of law).
Your feedback and criticism is greatly appreciated. Thank you again my friends.
