1 - Secure from hacking etc (obviously)
2 - Privacy by default. I am mainly interested in coins such as Monero, Dash etc. I am new to cryptocurrencies and am of the impression that Monero is the most secure of the top 10 coins by market cap. I'm happy for you all to tell me otherwise.
3 - Transaction fees should be a percentage IMO. This is one of my main issues with just investing in Monero now, I think it makes much more sense to have transaction fees as a percentage of the transaction total. What that percentage should be I dont know. Somewhere between .01 and 3% probably is what is required to be workable.(I know thats a massive range
)4 - Inflation - I think there should be either a hard cap of the total amount of coins. Coins with very low pool inflation rates are acceptable to me, but, I would prefer the hard cap (another reason I dont think Monero is quite perfect for me)
5 - I think the idea of proof of stake is better than proof of work for the purposes of just simply not wasting huge amounts of electricity for a currency. However, my current understanding is that there is no particularly secure proof of stake option currently, so, maybe thats something that would need to be implemented later. I guess the question from me here is could Monero (or whatever coin you are recommending to me) switch to a proof of stake later if a secure one came out?
6 - Current market cap, I dont want anything too small and obscure.
7 - Good GUI's, apps etc for peer to peer transfers etc. I believe this is another current Monero issue, though I do know they have a GUI wallet now.
8 - I am concerned about transaction speeds, though my understanding is that more mining = faster transactions so its an issue that can be resolved later if it becomes a serious issue with higher transaction fees yes? I am definitely after a coin that has the potential to go mainstream in shops etc, so im not interested in any coin that could not facilitate sub 30 second transactions by any method.
So, as you can tell by my post I am currently leaning to Monero but I do have a few issues with it, the main deal breaker being the fixed transaction fees. I think secondly I am leaning to Dash, then ShadowCash (though whenever I look up stuff about ShadowCash I keep seeing the words "scam" everywhere its putting me off)
What do you all recommend, for me and my preferences?
Thanks in advance,
AusKipper.