Topic: The most unique coin. (Read 327 times)

No not " every " because some tokens are still good. If there is one unique feature BTC have, I think that would be decentralization. There are other coins who claim they are decentralized but it's not really believable.

Another reason on why BTC became more successful is because it is the first crypto that is invented. If you lack in knowledge, definitely BTC is the coin to go or to start but as long as you gain more knowledge, that is the time to add other cryptos because like I said earlier there are still other tokens or altcoins that are good. A newbie can even post a thread here like other newbies to know some of them, if they want to start with more than one coin on their wallet.

There are thousand of token but every token does not exists as a beneficial token and many of them disappears after a short period of time. I think here unique refer to the qualities that one coin have and due to such qualities bitcoin remains the top priority of every individual.

Lots of coins proved to be successful but not a single coin can ever be more successful than bitcoin. It is a decentralized asset and its success is prominent whereas other coins must possess some sort of doubt so I think we have to choose a unique project like Bitcoin.

Bitcoin is unique.  We cannot compare Bitcoin with any other coin.  Other comments have seen variations but there is no equivalent to Bitcoin.  Because it is the only reliable one that has no chance of facing loss by investing.  It is a decentralized coin.  Moreover it is not controlled by anyone and there is no third party intervention during these transactions.  It is a decentralized coin.  And when it comes to investing, Bitcoin is the first to suggest.

Investment is important, atleat it triggers some good bullish runs for us. We should be committed to having a present future that will be promising and comfortable for us and not some random results that's weird for us. The most unique coin is unarguably Bitcoin, it have been here for years and have withstand the heavy bearish season and reciprocated the energy by shooting to the moon. It's always mandatory to trade coins you already made thorough research and implementing one of the solid strategies towards these projects.

I believe Bitcoin stands out as unique cryptocurrency, due to its fundamental principle of decentralization and deflationary nature, and no other digital currency match it. Regarding, hype in the market, it is sometime mamillated by big investors who want to trap traders by artificially increasing the price of a specific coin and later sell off their holding, leaving the genuine investors at loss. Therefore, it is important to find out fundamentals of coin or token before committing investment.

There are so many unique coins in the crypto market that are undervalued. The success of a token is not based on the uniqueness just like we have some meme like doge coin which many believe not to value and still yet the project is doing well in the market with huge support. We should not look for uniqueness before we invest in a token but rather check how much we could make from such a token.
People are only after making money not to check whether a token has uniqueness or not.

One thing that sets Grin apart from other cryptocurrencies is its design for decentralization.

One (anonymous) author came up with the unique Mimblewimble design.

Another (anonymous) author started the original implementation in Rust.

Another author came up with the unique graph theoretic, memory hard yet trivially verifiable, Proof of Work.
Other anonymous and less anonymous authors helped the implementation.

All 4 hard-forks were pre-planned before launch and executed at *exact* multiples of a half-year height.

None of its creators got any portion of the supply, and (unlike all other coins) early miners were disadvantaged by huge difficulty.

Its soft total supply gets evenly distributed to miners in the first 100 years, not giving a huge advantage to early miners like *every* single other coin.

No one can make any consensus changes unless there's near-universal consensus.

One thing that sets Bitcoin apart from other cryptocurrencies is its history of decentralization. It is not controlled in any way by a central authority as it is a completely decentralized network. The decentralization aspect is a much more difficult feat to achieve for most altcoins, as many such projects come with some degree of centralization, often through development teams holding a significant portion coin supply. This could influence voting on future developments. Even if there are projects that could be a first step towards decentralization, they may not be ideal. Some projects may exaggerate the degree of decentralization if the founding team or large investors retain the majority of voting rights.

The potential uniqueness of coins is usually what investors considers before adopting to Invest on it. It could be their blockchain, markets cap volatilities, hyping differentials or even reliability in distance over time.
Invested coins that doesn't portray that unique potentials is never attractive because Investors would only invest on different Coins if it has a different offer from the knowns.

One could argue that altcoins are made specifically for this.

Altcoins are basically experiments of what other features could be improved from bitcoin or what other features could be created that are not implemented in bitcoin. Altcoins may not have yet surpassed what bitcoin has achieved but they are reaching technological milestones that bitcoin has yet to achieve.

This topic is about the simplicity of system design, not about the UX which is also important, but an entirely different thing.


The question is, could it be simpler? And today we know the answer is affirmative.


Satoshi being brilliant doesn't mean he knew everything. He discovered a new space but didn't research all of it because he was aware of the analysis paralysis problem and had to start with something that wasn't the best system possible, but was good enough.

More than a decade back when Bitcoin was introduced to the worl it is unique to everyone. In today's time it is still unique in its own ways but there are other altcoins that have thier unique identity. Let's take an example of Dogecoin, it was the first meme coin which makes it unique as when it was launched it was different from others at that time. Now we have so many meme coins.

I don't think there is any coin that is way more unique than Bitcoin is. Yes, it may lack features that some altcoins have and cannot be edited or worked on but that is in fact it's the best feature. Imagine what would have happened if Bitcoin was something that could easily be changed or edited by young a few keys on the keyboard, there would have been no foundation for this industry in fact. That's why no one can control it. Satoshi already thought of lots of probabilities before bringing this out to the public. Basically, what I'm trying to say is Bitcoin is the most unique coin.

Of course who wouldn't choose bitcoin. It has been trusted by millions and big companies has invested in it. It was the first cryptocurrency to be approved on ETFs, it is most traded cryptocurrency of all time and lastly it is the only coin one can be comfortable to hold for years because it has great potential to give good profit if it is hold for long.

The most unique coin, in my opinion is Bitcoin. Bitcoin has stood the test of time not just because it is the first cryptocurrency, mainly because of its design and technology - decentralization, security, and other unique features. The technology has made it to receive wide adoption which is clearly noticeable as exemplified on the Coinmaketcap (Bitcoin is the first to be listed on Coinmrketcap). For Bitcoin to have such massive acceptance since its invention till date, shows that it is unique. For me, Bitcoin is the most unique coin.

The Bitcoin white paper did not talk about simplicity, long-term investment, fair distribution of wealth, and decentralization of wealth. On the contrary, in the early years, many thought it was a dead project, especially in 2013. Bitcoin came to be an alternative for those who do not want to trust banks or any third party to conduct Banking transactions and its philosophy came after what happened in the year 2008 and is an extension of the efforts of many ideas, but not all of them included the concepts of fair distribution of wealth.
For simplicity, what are the difficulties in managing the SPV wallet that were mentioned in the white paper? you need is to download a program and save 12 words on a sheet of paper.

If thousands of lines of code can make bitcoin complex, then all the altcoin are more complex than bitcoin. The consumer doesn't see the hard work behind the product. A product's simplicity lies in how easy it is for the consumer to consume. From that perspective, bitcoin is the simplest of them all. Your way of thinking is wrong in my opinion. Bitcoins tokenomis, emission, and creation everything is simple and hasn't changed at all since its creation. Only a few pages of code won't make a crypto currency complex, as its way of adoption does.

Indeed, Bitcoin is truly decentralized with limited supply and these unique features, set it apart from other cryptocurrencies. You have raised an important about challenge for the crypto enthusiasts to meet the same level of decentralization in other cryptocurrencies. It is also true that some altcoins may have unique features but most of the altcoin struggle to replicate the same level of decentralization due to various reasons, including control over coins supply and decision making processes, these are the main hurdles towards achieving the true decentralization.

Did the ironbelly and grin++ developers left or not recently?
Core wallet not working properly.

We are fooled.

Everybody faces wallet problems.

Bitcoin is more unique than altcoins that were created before or recently. It is not a most to learn everything about bitcoin because it is complex. So what you need to learn is your area of interest in bitcoin and if you want to go further, you are free. The complexity is what makes it unique because it is decentralized.

Simplicity is good, but when it is simple and centralized, it makes it not safe for one to rely on for privacy. It is not the simplicity of a coin that matters, but the durability and and how long it will survive in the market is what matters.

Nobody trusts a poster contradicting himself.

Bitcoin is a new monetary experiment with a predictable and hard-cap max supply. It's great and full of innovation, but it's not the only experiment that's new and worth trying.


An emission equal across time creates a time-cap max supply which is predictable and new too. It's also a lot simpler and more intuitive because it does away with halvings.


I think a big drawback here is the social side of it. Everyone's focused on experiments that improve the system by adding new op codes and very few try to improve it under today's constraints. This in turn creates politics and conflicts around which op codes should be added which I don't find particularly productive.

I don't think it is the most unique coin, but I think it has something unique. That's Monero, a coin that has private transactions so no one can track you. It has pros and cons, but for me, I like it.

Nobody trusts a coin with failed trasnactions and full of wallet bugs since genesis block. All wallet developers left GRIN.

It seems that before bitcoin there were other coins, but the concept was not as good as bitcoin so they failed. The most unique coin is just bitcoin, the rest are just imitations of bitcoin. Concept and uniqueness are only important to increase public trust so that coins can sell on the market. So the most important thing is people's trust in coins

I think so, and maybe my opinion is wrong

We can be in full control and not also exhibits the evidence required because we're facing FUD which have attached most traders to be relenting. We have huge goals to accomplish this season, only finding important means to enact the big winnings this season. What are you trying to put up in the portrait? There's no significance altcoins can make other trends in the market narratives, unlike Bitcoin that have always been there to apprehend the bull and bear season in crypto, bitcoin is regarded as the top project in the market.

With 100% of coins being mined, and difficulty starting sky high, "the team" can do no better than mine like others, or buy on the open market like others.
PoW coins have no voting for development anyway. Only non-controversial consensus changes should be made, just as with bitcoin.

It can get simpler: https://bitcointalksearch.org/topic/--5309951

Exactly; and a fixed reward, like one coin per second forever, is the most equal of opportunities, even across generations.

Is there even a cryptocurrency outside of stablecoins(some even debate that it's not a "cryptocurrency") that is simpler than Bitcoin? I don't think it gets any simpler than this.


I don't think decentralizing wealth was the plan nor is possible in the first place. The most we can have is equal opportunity; fair distribution of wealth is a pipe dream.

It’s true that new altcoins can have a unique feature that Bitcoin can’t have because it’s already developed but other altcoin can’t copy the Bitcoin uniqueness which is the most important in cryptocurrency which is the real decentralization.

No coins can achieve it because all of them has a centralized control over the chain through the team that hold most of the coin supply which affects the voting for the development. Most of the project that has a DAO feature is just lying about complete decentralized mechanisms while the team itself has the huge voting power including other entities which invested heavily paying the team huge some of money during private investment.

Bitcoin is certainly unique in being the first cryptocurrency.

But other coins can have unique qualities that Bitcoin can never adopt.

One such quality is simplicity. Although Bitcoin may be far less complex than some other chain like Ethereum, it still contains a nontrivial amount of complexity in itself, as witnessed by the over 10,000 lines of code in libbitcoin-consensus.
Learning all the Bitcoin consensus rules in detail is quite a challenge, one that not many people have undertaken.
A lot of complexity resides in its Bitcoin Script language, even though none of that is needed to support
the vast majority of transactions. Even things like multisig, atomic swaps, discreet log contracts, and bidirectional payment channels can be implemented with just Schnorr signatures and timelocks.
Consensus rules can only ever grow in complexity, since they must be used to verify the full transaction history.

Another such quality is fair distribution. While Bitcoin had a relatively fair one, with no premine, it still did not decentralize wealth as much as one might like. Or rather, as future generations might like, since each successive generation only gets to mine 1/32 time as much as the previous one.
Of course, the huge advantage given to early miners/adopters, and lack of dilution, is great for speculation. But perhaps less so for actual use as currency.

Only one cryptocurrency combines a unique focus on simplicity with a uniquely fair coin distribution of 1 coin per second forever.

It also happens to feature a unique spam resistance; only a few bytes of arbitrary data can be inscribed into the chain with each transaction.

Of course, its uniquely high dilution (in initial decades) also make it uniquely uninteresting for the readers in this forum, that are almost exclusively interested only in speculation.