What cryptocurriencies do we really need?

FrankNoland

copper member

Activity: 560

Merit: 253

Quote from: chainese on October 06, 2017, 05:40:43 AM

Hey there! I am newbie here so would be grateful if someone just replies with the link to an old thread. Why do some projects still create new cryptocurrencies?

I mean the ones that create just new 'coin' without any additional value to blockchain technology evolution or adoption. For example, I don't understand what https://bitcoen.io or https://putincoin.org are created for.

In my opinion, i think new cryptocurrencies will always be created from now on with ICOs and Airdrops launching every second, since the invention of bitcoin.

A lot of things are now based on blockchain, from music, agriculture, marketing, encryption etc, some organization will continue creating new coins, it might not be that they are doing it for the money since some coins are given away on airdrop and bounties, but only that they want their product built on block chain.

I mean if you have all the resources you can do it, start up funds all those. I mean it is obvious that the funds will be used to develop the project.

MiBambino

sr. member

Activity: 644

Merit: 252

IMUSIFY - Award Winning Blockchain Music Tech

We need:
* bitcoin
* ethereum
* neo
* sonm
* Change bank (side by side with other crypto 'banks')
* ltc
* ripple (yes, i said it, ripple)
* datum
* stratis
* a handful others

I believe in 5 - 10 years about 90% of all current coins will have faded away or have been taken over by other coins (like golem will be taken over by sonm), and the other ones have gone on to thrive and become billion or hundred-billion dollar coins

wander.me

member

Activity: 73

Merit: 10

I think we will need the one that the mass will adopt. Maybe it will not be one of those which are already created. I believe that for now, the crypto world is an alternative to the old stock exchange. It is a necessity for it, but any prediction on which will be the currency of the future is hard to make. Probably it will be the one in which the rich people will pun enough money in. I guess it's up to your intuition and luck.

Kisanaq

sr. member

Activity: 700

Merit: 277

Until now many coins that I need and of course the biggest is ETH and Waves, ETH I use a lot to join ICO while Waves for long-term investment because it is very profitable.

Noxmfs

member

Activity: 126

Merit: 10

The top 5 + link. That is beyond enough and covers 99% of what the world needs in my opinion. Nowadays most altcoins turn out to be memes and pnd's.

bcnaranjo

full member

Activity: 154

Merit: 100

Maybe it depends on what application do we really the crypto for our use. Many currencies are available in the market now with different application like smart contracts, anonymous transactions and the likes, and more are coming since developers keep on developing every year.

Mr.Mittelman

jr. member

Activity: 96

Merit: 1

Try to think out of box. What if we actually need eternal generation of new currencies in order to make each business project more effective. One more business one more currency. Thus, since any currency is risky, probably we need not a stable set of currencies but a smart tool to exchange them quickly.

Mr.Mittelman

jr. member

Activity: 96

Merit: 1

Quote from: Veridian Forest on October 08, 2017, 09:16:54 PM

Quote from: Franius on October 07, 2017, 04:23:35 AM

BTC - store of value
Monero/Verge - anonymity
Litecoin - Instantaneous transactions
Vertcoin - virtually costless transaction fees
Ethereum/users preference - building decentralised apps
Iota - scalability
ONE decentralised exchange - disrupting brokerage layer

These are only examples but there is something for everyone whatever their preferences are. As we transcend to industries being disrupted through venture capital tokenization, people will probably want coins or tokens that can include most, if not all of the aforementioned features.

Do you belive in LTC?

Why not? Any coin people use has a chance to survive. Do you know something special about LTC?

Veridian Forest

newbie

Activity: 14

Merit: 0

Quote from: Franius on October 07, 2017, 04:23:35 AM

BTC - store of value
Monero/Verge - anonymity
Litecoin - Instantaneous transactions
Vertcoin - virtually costless transaction fees
Ethereum/users preference - building decentralised apps
Iota - scalability
ONE decentralised exchange - disrupting brokerage layer

These are only examples but there is something for everyone whatever their preferences are. As we transcend to industries being disrupted through venture capital tokenization, people will probably want coins or tokens that can include most, if not all of the aforementioned features.

Do you belive in LTC?

Franius

newbie

Activity: 3

Merit: 0

BTC - store of value
Monero/Verge - anonymity
Litecoin - Instantaneous transactions
Vertcoin - virtually costless transaction fees
Ethereum/users preference - building decentralised apps
Iota - scalability
ONE decentralised exchange - disrupting brokerage layer

These are only examples but there is something for everyone whatever their preferences are. As we transcend to industries being disrupted through venture capital tokenization, people will probably want coins or tokens that can include most, if not all of the aforementioned features.

monica69

sr. member

Activity: 336

Merit: 250

we already use the fiat soo i do see this coins as improvements of fiat, its a nice step, but the coin should have a stable value, or fixed, just would be digital instead printed. If they willing to make something as bitcoin and having control over the coin it will fail, crypto investors wont invest into a coin that can be manipulated anytime, but if the coin will be used into the daily needs as we do use fiat There are lot other coins solving problems but these coins are currently the best. I would go with the bitcoin or eth only always.

Sohailul

full member

Activity: 546

Merit: 100

I think that cryptocurrency need for us which is become profitable in future. So your choise is yours. So you can choose few cryptocurrency. If you get profit in future. So everytime can take help from this threads. Everybody ready to help us.

happyme1818

sr. member

Activity: 568

Merit: 254

Quote from: chainese on October 06, 2017, 05:40:43 AM

Hey there! I am newbie here so would be grateful if someone just replies with the link to an old thread. Why do some projects still create new cryptocurrencies?

I mean the ones that create just new 'coin' without any additional value to blockchain technology evolution or adoption. For example, I don't understand what https://bitcoen.io or https://putincoin.org are created for.

What we need in cryptocurrency is the one that solves real problem that we can use in the future. Other coins are just shitcoins that made to get profit and scam people's money. You need to be more vigilant and make a thorough research before buying coins.

aoihs00

sr. member

Activity: 700

Merit: 300

The coins and tokens all we see here is just symbol which represent the related ICO project. Using these tickers, what they call it in the exchanger we can identify our interested ICO and then invest or use the services we wanted always.

This does not help the blockchain in anyway but they are just making use of the open source covered by the blockchain itself. So you see there is interconnected linkages in blockchain and these ICO projects sometimes called as smart contracts.

Hopefully there will be crypto currency which will be dedicated to raise the money for blockchain development in lucrative way but that just seems impossible because it's all about filling up their own pockets. In anyway blockchain development keep leading as long as bitcoin is there.

lobo13hf

hero member

Activity: 2268

Merit: 507

Quote from: mobnepal on October 06, 2017, 12:58:33 PM

Most of the coins developed are just copy cat of already existing coin and the one behind the project will hold large amount of those coin to dump on peak price when listed.

ETH based tokens were created to identify their Investors, its like certificate of company share and through smart contract they can pay divided to all their token holders.

Not just copy cat though, some of them also add some features that bitcoin don't have, that's why people buy them and that's the main reason, but, maybe it's actually right if we're looking to their basic function.
just for example, monero enhance the anonimity feature, and ETH with its smart contract, can't blame that all of those coins merely copy cat.

ethereumhunter

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Quote from: DarkSi on October 07, 2017, 12:37:48 AM

Blockchain is changing the meaning of 'currency'. This is the ability for you to create your own currency that will meet your business needs just perfectly. It can be simplified to the following example.

Imagine your parents own a farm. Ordinary farm with cows and plants, no Ethereum mining. The farm provides milk and vegetables to several shops in a nearest city. Shops sell it to the citizens. Bank helps them all to keep money safe: parents, shop owners, and citizens almost don't care about their bank accounts, they just work to know they have money. Everyone glad to be assured that nobody can steal money or don't pay a debt. Bank fixes and invest money to provide its services and generate own revenue. Bank provides government with all the data about payments to allow it charge taxes properly. Banking service is a pretty hard job and it costs money. Now imagine a different picture.

Your parents create own currency their bank doesn't support. But that's okay since the new currency doesn't need to be supported as the previous kind of currency. It fixes and keep all the transactions safe automatically. Government could have an access to it just like by the link from your parents. Your parents currency is not better than Bitcoin, it could be even a bit worse. But if all the business needs of your parents and those several shops satisfied, the business could work.

Automated systems have lower costs. So your parents can cut prices or just earn more money for you and your little sister.

In short, new cryptocurrencies make financial ecosystem better for people's daily life.

i think it makes sense and if the people have their own business and create the new coins to connected with the bank and even connected with government then the business or the economy for one family can go on. we don't have to pay any fees because we have our own coins that make it simple and the coins is not changing in everytime. and the banks is approve that coins to be a new paying system because the coins can give some benefits to bank.

to answer which crypto currencies do we really need, i think we still need bitcoin and the other altcoin. bitcoin and altcoin is connected with the other. because of bitcoin, the altcoin is exist and both is helping each other and not compete. and now we have many ico which offers their benefit to the people and i see each of ico is trying to reach in many aspect which the bank can not do right now.

puremage111

hero member

Activity: 1568

Merit: 511

Cryptocurrencies is getting on fire recently

But i would say the wild raging tons of ICO weekly is bad for the industry.

To be honest, we already have quite enough of cryptos that is use for "General" payment purpose.

Then, years ago we have coins that is made for fun / hobbies like coins with celebrity name, coins with funny names.

Trend has changes, recently we have very great coins that integrate with real use case like
Kickstarter based crypto - Kickcoin
Pension Fund based crypto - Auctus
Blockchainized Stubhub - Guts, Crypto.tickets

And tons and tons of it

I would say there's generally a niche of crypto that "we really need"
It depends on just how successful it could be

steveouttrim

newbie

Activity: 75

Merit: 0

We need millions of different coins. How else can we free humanity from the yoke of the fiat printing banksters?

chainese

member

Activity: 299

Merit: 13

Quote from: DarkSi on October 07, 2017, 12:37:48 AM

Blockchain is changing the meaning of 'currency'. This is the ability for you to create your own currency that will meet your business needs just perfectly. It can be simplified to the following example.

Imagine your parents own a farm. Ordinary farm with cows and plants, no Ethereum mining. The farm provides milk and vegetables to several shops in a nearest city. Shops sell it to the citizens. Bank helps them all to keep money safe: parents, shop owners, and citizens almost don't care about their bank accounts, they just work to know they have money. Everyone glad to be assured that nobody can steal money or don't pay a debt. Bank fixes and invest money to provide its services and generate own revenue. Bank provides government with all the data about payments to allow it charge taxes properly. Banking service is a pretty hard job and it costs money. Now imagine a different picture.

Your parents create own currency their bank doesn't support. But that's okay since the new currency doesn't need to be supported as the previous kind of currency. It fixes and keep all the transactions safe automatically. Government could have an access to it just like by the link from your parents. Your parents currency is not better than Bitcoin, it could be even a bit worse. But if all the business needs of your parents and those several shops satisfied, the business could work.

Automated systems have lower costs. So your parents can cut prices or just earn more money for you and your little sister.

In short, new cryptocurrencies make financial ecosystem better for people's daily life.

Such a cute story! And clear example, thanks

sweerty1

sr. member

Activity: 453

Merit: 251

Presale Starting May 1st

I think coins we need: bitcoin, ethereum, litecoin, waves, stratis, nem and 1 anon coin. Not so many. There are lot other coins solving problems but these coins are currently the best ever.

Topic: What cryptocurriencies do we really need? (Read 953 times)