The ideal cryptocurrency. What should it be? - page 2.

AndreyBelts

newbie

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Quote from: lyuq on January 15, 2018, 03:00:56 PM

I suppose that it's almost impossible to create ideal currency which able to satisfy all the requests of the 'real world'.

Consumers, business and governments have different (and sometimes incompatible) requirements to the currency.

It depends on the point of view. Roll Eyes

I believe, that the key requirement of community, (that requirement which doesn't suit the governments) - is the privacy of transactions.

I don't think that the governments will be fight against fast payments or cheap payments. Grin

But privacy of the translations which is necessary to the ordinary person - at all not those which is necessary to the terrorist or the criminal.

I.e. technologically we can agree with the governments about that level of privacy of translations which will suit both parties (community and governments )...

What do you think?

lyuq

newbie

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I suppose that it's almost impossible to create ideal currency which able to satisfy all the requests of the 'real world'.

Consumers, business and governments have different (and sometimes incompatible) requirements to the currency.

CryptoBeefy

full member

Activity: 378

Merit: 100

I think this is very subjective but ii'll throw my 2cents in for what it's worth.

It would be the currency of a solid project, one with good business acumen and a strong team behind it.
It would be scalable, fast and fees would be cheap.
It would be able to be used in the 'real world'.
It would be easy and understandable to use and it's worth plain to see.

NewEraNew

newbie

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Free and fast transactions for sure.

DirtyJohnny

newbie

Activity: 70

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Decentralized, devs should keep less than 20% coins and coin should be demanded for the project aims.

AndreyBelts

newbie

Activity: 140

Merit: 0

Quote from: WalkerIVIV on January 15, 2018, 10:25:16 AM

Quote from: AndreyBelts on January 15, 2018, 02:00:42 AM

I think, we need a new topic.

To gather into it all the problems that our community faces when working with crypto-currencies and understand: what should it be - " the ideal crypto currency"?
And, why do we need it?

The first problem. Uncontrolled growth of the commission for the transaction.

The second problem. A sharp slowdown in transaction speed, due to increased load on the system.

Add problems. Everybody is invited. Roll Eyes

That depends on your needs, The transaction fees will straight with the price of the coin itself. Remember when bitcoin worth only double-digit of dollars and the transaction fees is really cheap. that means we need the platform with a big scale of scalability.

That's why there is a lot of platforms are trying to develop a better future platform with great scalability.

"that means we need the platform with a big scale of scalability" - yes, i am absolutely agree!

justBorn

newbie

Activity: 42

Merit: 0

An ideal cryptocurrency is can adopt by the mass. If the coin has a high transaction fee and slow confirmation this is not the real one can provide to the whole world. I hope bitcoin is doing good and ethereum.

drwhobox

full member

Activity: 756

Merit: 133

- hello doctor who box

There are some coins that they are making t centralized there must be a Coin nor token that can make transaction from point to point really quick. Anonymity for everyone makijg transactions really peer to peer.

Dondont

member

Activity: 446

Merit: 12

BitbondSTO.com | Germany’s First STO

I'm sure everyone wants the ideal crypto is that crypto has a price that always rises, has a small fee, and if something happens, the crypto will remain stable.
People want something that can be controlled, and I think it's impossible as long as people can't controle themselves

magiccarpett

full member

Activity: 252

Merit: 101

Quote from: AndreyBelts on January 15, 2018, 02:00:42 AM

I think, we need a new topic.

To gather into it all the problems that our community faces when working with crypto-currencies and understand: what should it be - " the ideal crypto currency"?
And, why do we need it?

The first problem. Uncontrolled growth of the commission for the transaction.

The second problem. A sharp slowdown in transaction speed, due to increased load on the system.

Add problems. Everybody is invited. Roll Eyes

1. decentralized
2. anonymous on high grade like monero
3. no transaction fees
4. a real world purpose (a use case e.g. like siacoin)
5. secure wallets
6. coin holder benefits

Any coin recommendations?

cynical

full member

Activity: 490

Merit: 136

Quote from: AndreyBelts on January 15, 2018, 02:00:42 AM

I think, we need a new topic.

To gather into it all the problems that our community faces when working with crypto-currencies and understand: what should it be - " the ideal crypto currency"?
And, why do we need it?

The first problem. Uncontrolled growth of the commission for the transaction.

The second problem. A sharp slowdown in transaction speed, due to increased load on the system.

Add problems. Everybody is invited. Roll Eyes

this is a very complicated topic i think.

The word CRYPTO can mean both a single ideal coin and can also be applied in general terms like blockchain.

what do we want from a single ideal crypto?
what bitcoin is with some added extras like low fees and fast transaction times so we can spend and send.
but if we have that single ideal crypto are we actually going to spend it?
probably not

so what about the general crypto option?
no one coin or crypto can fulfill the potential of the blockchain.
look at all the decentralised and centralised projects already being worked on,
one single ideal crypto cannot be used for all

gilangIDR

legendary

Activity: 1526

Merit: 1001

Quote from: AndreyBelts on January 15, 2018, 02:00:42 AM

I think, we need a new topic.

To gather into it all the problems that our community faces when working with crypto-currencies and understand: what should it be - " the ideal crypto currency"?
And, why do we need it?

The first problem. Uncontrolled growth of the commission for the transaction.

The second problem. A sharp slowdown in transaction speed, due to increased load on the system.

Add problems. Everybody is invited. Roll Eyes

Supposedly an ideal cryptocurrencies is a crypto that can support all the financial activities we have. Transaction speed is a problem now. As happens with bitcoin, the time required for each bitcoin transaction is prolonged. This is indeed a factor of the increasing number of transactions owned by bitcoin and this can also happen to other coins. There should be a way to improve that, we must continue to work on developing bitcoins and cryptocurrencies. Do not get any obstacles and problems when we use cryptocurrencies. Because without any obstacles then cryptocurrencies can develop and can be widely used in the future. And the most ideal is a cryptocurrencies that can be used anytime, anywhere and with transaction speeds of just seconds.

WalkerIVIV

hero member

Activity: 2436

Merit: 503

Cryptocasino.com

Quote from: AndreyBelts on January 15, 2018, 02:00:42 AM

I think, we need a new topic.

To gather into it all the problems that our community faces when working with crypto-currencies and understand: what should it be - " the ideal crypto currency"?
And, why do we need it?

The first problem. Uncontrolled growth of the commission for the transaction.

The second problem. A sharp slowdown in transaction speed, due to increased load on the system.

Add problems. Everybody is invited. Roll Eyes

That depends on your needs, The transaction fees will straight with the price of the coin itself. Remember when bitcoin worth only double-digit of dollars and the transaction fees is really cheap. that means we need the platform with a big scale of scalability.

That's why there is a lot of platforms are trying to develop a better future platform with great scalability.

shakerpartymaker

newbie

Activity: 22

Merit: 0

First of all it should be easy to use. I mean that it should be fast and have low transaction fees.
Secondly, it should be accepted as widely as bank cards.
Thirdly, it has to be easy to earn, because only a few people can afford themselves mining and trading.

Yeperdoodle

newbie

Activity: 18

Merit: 0

My perfect crypto should be secure (including wallets) , fast, cheap tx fees, DECENTRALIZED, popular among masses, highly used.

AndreyBelts

newbie

Activity: 140

Merit: 0

Quote from: Vit83 on January 15, 2018, 08:45:31 AM

forgot one big thing, coin must be protected from asics and big miners. Better to mine on CPU or some hybrid POS+POW. Also it must have limited quantity.

"Limited quantity" it not a goal, it's inflation protection. Right?

fatenmo

full member

Activity: 280

Merit: 108

I think Ethereum or Ripple should be the ideal cryptocurrency. They're both popular and used by many organisations but one is decentralized and the other is not.

Vit83

full member

Activity: 644

Merit: 100

forgot one big thing, coin must be protected from asics and big miners. Better to mine on CPU or some hybrid POS+POW. Also it must have limited quantity.

danmoris

full member

Activity: 280

Merit: 102

Quote from: kaeluxdeuz on January 15, 2018, 03:24:49 AM

Any platform that has a good working product, that is Decentralized and that works for the community and society as a whole would be the ideal cryptocurrency.

So true! It needs to work in the real world otherwise it's pointless. It needs to be accepted by the community.

AndreyBelts

newbie

Activity: 140

Merit: 0

Quote from: penig on January 15, 2018, 03:31:14 AM

What are the requirements? I would say ideal cryptocurrency should be fast, near 0 fees and stable in price.

But I dont care much about decentralisation, so have missed that out. Many are more interested in making money so price volatility would not concern them.

Techincally speaking, if you want something fast, low fee and decentralised you probably need to make it genuinely peer to peer, remove the blockchain from the client. A distributed blockchain with common access. I could see something like a coin that exists on one of the storage crypto frameworks being ideal.

I believe that modifying the algorithm of the blockchain (primarily a mechanism to harmonize transactions) for speed post transactions - possible.

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