Topic: ❢❢❢ The value proposition of each coin: BTC, DOGE, LTC, DRK, PPC, XRP, NXT, etc. - page 6. (Read 11267 times)

On the BTC-38 BTS/CNY market alone I could instantly sell $24,000 worth of BTS before I moved the price 10%.

Good bounties paid for exploits/vulnerabilities found in DRK.  Prove yourself and contact the lead dev and explain how the anonymity doesn't work.  If you're right, you'll make some money.

Maybe Nxt is just seen as "wet"

I was surprised by that statement, too.

Lol at your volume analysis.  Also, you should look at hash rates and total work on the chain as those things are verifiable as opposed to other stats which can be manipulated easily.    

Not sure where you got your volume figures for BitShares.  
From coinmarketcap.com we see that most of the time volume is over $200,000 with occasional peaks above $500,000.

Volume so far today is
BTS 103,000 vs
NXT   21,000

Hi,

I can only answer for Nxt, as it's the system I am most familiar with.

- I am not a huge believer in "first mover advantage". It also means you get most of the flack, because chances are you are also the first mover on problems.
- Yes, to forge, you need to have your account (brainwallet) unlocked
- I'm interested in this, too. I'm an old-timer in Nxt, so probably have a lot of blind spots here that should be much more obvious to newcomers.
- I commissioned this chart a few weeks ago, and it's at least checked by the Bitshares community, too. Other communities are welcome to critique, but it seems mostly accurate: http://i.cubeupload.com/J02n9J.jpg

As to the "value proposition": one of the large advantages of Nxt is that it supports a host of transaction types (standard coin transactions, data transfer, "alias" transactions, colored coins etc) that can be used in combination with each other to create entire systems. Taken by themselves they are useful, but the true power lies in being able to use them by easy API calls, so they can be integrated into websites, 3rd party apps etc.

What also appeals to me is that it is not dependent on a 3rd party blockchain, but is self-contained.

I really love Gemz, for the first time i have the feeling we have finally something which we can share and explain easily to others and especially the barrier of getting users into the network is broken because its ease of use and practical purposes, everything just makes sense. At this moment i don't really care about other coins, just Bitcoin and Gemz cover what i need as an average user.

So I've narrowed down the infinite list of coins to just these: BTC, DOGE, LTC, DRK, PPC, XRP, NXT, NMC, XMR as "probably not a scamcoin and possibly not a waste of your time". Now, I'd like to figure out the value proposition of each coin. I don't know much about altcoins -- please comment below with the pros and cons of each of these coins. (Date: 2015-01-28.)

BTC. No explanation needed. The first. With the bulk of the market cap. (85%? That's actually lower than I thought it was!)

DOGE.
- Great community. Is that worth anything? Any software they produce can be changed to use BTC.
- Technologically, it's just a clone, meaning it's worthless.
- Has the second highest volume after BTC, making it easy to trade. Maybe people who want to stay in crypto but want to get out of BTC get into DOGE? As pegged crypto (like bitUSD) spreads, this advantage of DOGE will diminish.

LTC.
- Worthless clone.
- Used to have second highest volume. (See DOGE, above.) Now, even that tiny advantage is gone.
- Dead?

DRK.
- OK, now we're getting to something different. Completely anonymous, untracable transactions. This is worth a lot. This is what people think bitcoin has but it doesn't. If bitcoin had this, it would be worth a lot more.
- How well does the anonymous transaction thing actually work? I'd love to hear people's experiences with using Darkcoin.
- Broken architecture?

PPC.
- The first Proof of Stake coin. First mover advantage. Most liquid PoS coin.
- What are your experiences with PPC? Does the wallet have to be open to mine?
- There are now other PoS coins. And there's an improvement on PoS - DPoS. I feel like if PoS will succeed, it will move in the direction of DPoS, meaning bitshares.

XRP.
- Ripple is a completely different approach to crypto than bitcoin.
- Frankly, I don't understand enough about it. Please educate me. Premining, centralization (how much centralization is there?) seem like big turnoffs. Yet, it's somehow got the second highest market cap and it's done pretty well versus BTC.

NXT.
- First(?) "bitcoin 2.0". Most liquid 2.0 coin. First mover advantage.
- PoS, wallet must be unlocked to mine?
- I'd love to hear people's experiences with this.
- How does it stack up against other 2.0 coins?
- People say good things about it.

NMC.
- Namecoin - oldie but goodie. Very innovative for its time.
- I can't believe it is still around. Does anyone actually use ".bit" domains? Is there other data stored in namecoin?
- How many domain registrations are needed to increase the price by some amount?

XMR.
- Anonymity. Does it work? What are your experiences with it?
- We already have Darkcoin, with 10x the volume.
- If Darkcoin is actually broken, then this is the anonymous coin winner.

Honorable mention (BTS).
- A few times while writing this, I was thinking that Bitshares does the same thing only better. BTS is not on my list because its volume is tiny. What do you think about BTS? Pros and cons? Is liquidity an issue? How do you trade a coin with $5k volume?
- Apparently, BTS/CNY has the volume. I was only looking at BTS/BTC before.
- Great 2.0 coin.
- Love the DPoS idea.
- If the pegged assets work, that will add value to BTS (and remove value from something like DOGE).
- Don't know much more about it. Please educate me.

Based on this quick and preliminary review, here are my conclusions. Again, please comment with pros and cons of each coin. I'm sure I missed something.

Value.
- Bitcoin
- Darkcoin or Monero?
- Bitshares?

Possible value.
- Peercoin
- Ripple
- Nxt
- Namecoin

No value.
- Dogecoin
- Litecoin