Pages:
Author

Topic: The biggest issue of altcoins? - page 2. (Read 1147 times)

hero member
Activity: 700
Merit: 520
July 13, 2016, 09:08:43 AM
#10
would u be interested in starting open Github freedom repository for anyone to contribute to such a fundamental enabler technology for the greater good of all crypto projects?

No because I don't believe great designs are accomplished by committee in open source.

I believe great refinement and ecosystems are built in open source on top of great initial designs. Satoshi didn't design his system in public. He launched after he had already designed it and coded it up. The open source took over to refine and perfect it.

Fork this - - it's ripe to work upon this fine software:
https://github.com/input-output-hk/Scorex

~CfA~
sr. member
Activity: 336
Merit: 265
July 13, 2016, 09:05:34 AM
#9
would u be interested in starting open Github freedom repository for anyone to contribute to such a fundamental enabler technology for the greater good of all crypto projects?

No because I don't believe great designs are accomplished by committee in open source.

I believe great refinement and ecosystems are built in open source on top of great initial designs. Satoshi didn't design his system in public. He launched after he had already designed it and coded it up. The open source took over to refine and perfect it.

But I am open to providing a Github for a launched project that meets my goals, if that ever happens.

Monero is there for anyone who wants to go slog it out to design by committee or open source. Anyone else who thinks they can gain the momentum and lead such an open source design effort is welcome to try. I was listening to the Shadow developer today explain how these donations funded community driven projects seem to loose momentum.
hero member
Activity: 700
Merit: 520
July 13, 2016, 09:02:21 AM
#8
They lack a valid use case. Too much bullshit, invalid hype.

Even Bitcoin's use case is limited, but important (mostly the reserve currency of crypto speculation/gambling).

I agree.

What do u think about valid use cases as in

decentralized, blockchain-type-
(a) social platforms
(b) crowdfunding platforms
(c) music, gaming platforms
(d) academic, intelligence platforms

~CfA~

The most valid use case I think will be the one which enables all of those and more. A fundamental enabler technology. It is best if you build the legos and not all the projects. Don't try to do everything yourself in one project, because you kill the possible network effects. This is the mistake Steemit and Synereo, they tied their token to their social network.

I think the DAO was on the right track in terms of revolutionizing public funding, but they screwed up the design.

would u be interested in starting open Github freedom repository for anyone to contribute to such a fundamental enabler technology for the greater good of all crypto projects?

Development work and necessary contributions can be crowd-funded via blockchain tech and developed with broad participation by the equal and humble guidance of core developers and managers such as urself.

Setting up an elegant approach to "handle" decentralized cryptocurrency is very complicated.

Many projects' leaders seem to be corrupt, shady, onesided and/or more. More decentralization can help

There should not be feeling of leaders or committees in the first place with a true "fundamental enabler technology". I'm sure this will have to be built by the people with the power of the people for dramatic future application and liberation.


~CfA~
sr. member
Activity: 336
Merit: 265
July 13, 2016, 09:01:26 AM
#7
The biggest problem is centralization. Every cryptocurrency suffers from this an always will. To use its value you need to go back to fiat and those gateways are always going to be centralized.

There has been no innovation to resolve this problem as far as I'm aware of. Frankly I don't think its possible to be 100% decentralized.

I agree of course, but you need a use case to drive the adoption of this decentralized block chain, in addition to having the design for it and being able to implement it.
legendary
Activity: 1946
Merit: 1005
My mule don't like people laughing
July 13, 2016, 08:59:31 AM
#6
What is the biggest problem that every altcoin, crypto-platform, crypto-project has no choice but to face?

What has been the best innovation of overcoming the fundamental issues?

~CfA~

The biggest problem is centralization. Every cryptocurrency suffers from this an always will. To use its value you need to go back to fiat and those gateways are always going to be centralized.

There has been no innovation to resolve this problem as far as I'm aware of. Frankly I don't think its possible to be 100% decentralized.
sr. member
Activity: 336
Merit: 265
July 13, 2016, 08:55:45 AM
#5
They lack a valid use case. Too much bullshit, invalid hype.

Even Bitcoin's use case is limited, but important (mostly the reserve currency of crypto speculation/gambling).

I agree.

What do u think about valid use cases as in

decentralized, blockchain-type-
(a) social platforms
(b) crowdfunding platforms
(c) music, gaming platforms
(d) academic, intelligence platforms

~CfA~

The most valid use case I think will be the one which enables all of those and more. A fundamental enabler technology. It is best if you build the legos and not all the projects. Don't try to do everything yourself in one project, because you kill the possible network effects. This is the mistake Steemit and Synereo, they tied their token to their social network. The token should be orthogonal to the ecosystem built with it.

I think the DAO was on the right track in terms of revolutionizing public funding, but they screwed up the design. Ethereum and its Turing complete permissionless smart contracts are the entirely wrong design for basing such a design on top off, because Ethereum will be littered with faulty contracts and chaos. Fork me Vitalik.
hero member
Activity: 700
Merit: 520
July 13, 2016, 08:52:26 AM
#4
They lack a valid use case. Too much bullshit, invalid hype.

Even Bitcoin's use case is limited, but important (mostly the reserve currency of crypto speculation/gambling).

I agree.

What do u think about valid use cases as in

decentralized, blockchain-type-
(a) social platforms
(b) crowdfunding platforms
(c) music, gaming platforms
(d) academic, intelligence platforms

~CfA~
sr. member
Activity: 336
Merit: 265
July 13, 2016, 08:50:43 AM
#3
They lack a valid use case. Too much bullshit, invalid hype.

Even Bitcoin's use case is limited, but important (mostly the reserve currency of crypto speculation/gambling).

Bitcoin is actually not better for commerce. And it is not better for most money transfers, although it may have some advantage in some cases of money transfer.

This is precisely where I intend to make everyone's jaw drop to the floor. I will only launch projects with a valid use case. This will be very clear.
hero member
Activity: 1470
Merit: 655
July 13, 2016, 08:48:45 AM
#2
may this thing that i want to say is not the biggest issue but it is one of the bigger ones right up there.

i think the issue with most of the altcoins is their usability. i mean look at bitcoin, there are a lot of places that you can spend your bitcoin and buy stuff. but this is not true about altcoins. so unless any of them can find a real world application they will continue having a hard time getting any adoption.
hero member
Activity: 700
Merit: 520
July 13, 2016, 08:40:19 AM
#1
What is the biggest problem that every altcoin, crypto-platform, crypto-project has no choice but to face?

What has been the best innovation of overcoming the fundamental issues?

~CfA~
Pages:
Jump to: