1) fair distribution (okay, not really a feature but an important thing)
2) colored coins in order to build decentralized exchanges
3) fair and energy efficient algorithm
Topic: What do you think are the most important features in a coin? (Read 1630 times)
The most important feature in a coin is it's ability to make you profit 
We paid our devs with bitcoin (from funds raised by the AppleByte Foundation), to avoid the very real problem of pumps & dumps. But of course our devs are committed to the project, and started mining when we launched.
It's a tough world out there and probably P&D will be always around. Sometimes you can't fight them with money, but you can do it with passion.
If we start something, assuming that at some point we may be screwed, then it's better not to start anything. Most people give up, because they see that their work and dedication is now priced @ 1 satoshi.
I wish good luck and farewell to such kind of people, because cryptocurrencies don't need them!
Every single coin, except bitcoin, is conceived, designed and developed with a main purpose, regardless of features or anything else: to make money for its developer. Andvthat money comes, logically, from the investirs. Not the real ones, mind you. The real ones buy large amounts directly from the developer at less than half the price you buy them from the exchanges. In the case of Bobsurplus and others, for free in many instances. Everything is done in the background. The regular individual investor has no chance and, in fact, is actually playing lotto... or russian roulette. Even when investing in established projects, such as NXT. All ICOS, by design, are scams. No exceptions: devs are putting their money from the right pocket and into the left one while keeping 90% or more of the coins and faking volume and investor interest to dump those free coins on noobs ... or cretins. Or both. The longer you hold the bigger the risk you are taking, of couse but, unless you are able to escape by pure luck with profits, you are just a mark. A walking target. A bagholder.
I disagree with the statement of every coin except bitcoin. I have no premine, no ico, no presale on BATA. It costs me money to run and my time. It is now out for everyone to have a fair chance of mining or obtaining them. Of course I will mine or purchase the coin as I go along. I am not here to sell the coin.
I think people forget why bitcoin has become what it is and where it started from.
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Hello,
While I can understand your passion (probably similar to mine) about your project, I can't understand its current situation.
If you really attract so many people in it, then it should look way different.
Its like carrying 50-pound stone for 20 miles to a guy who is dying thirsty somewhere in Sahara. You made the effort, but what's the point of it?
There is one other thing which I somehow don't like and I will quote it:
- all devs were paid in bitcoin.
We paid our devs with bitcoin (from funds raised by the AppleByte Foundation), to avoid the very real problem of pumps & dumps. But of course our devs are committed to the project, and started mining when we launched.
Fair and more people to accept it. unforturnately no coin can reach this criteria. bitcoin may the closest coin.
....
Hello,
While I can understand your passion (probably similar to mine) about your project, I can't understand its current situation.
If you really attract so many people in it, then it should look way different.
Its like carrying 50-pound stone for 20 miles to a guy who is dying thirsty somewhere in Sahara. You made the effort, but what's the point of it?
There is one other thing which I somehow don't like and I will quote it:
- all devs were paid in bitcoin.
Many people are supporting (working on) particular projects, but the question is why they are doing it?
The answer is pretty simple - because of the money they can earn from their work. Coins like Bitcoin and Litecoin are the fiat money in this case and I think that no one will argue about that.
If people involved in some project are working for it just because of the bitcoins they can earn, then this project is probably pointless. We don't need it, because we have Bitcoin and Litecoin.
any feature that results in actual adoption outside of the cryptosphere. Everything else are bells and whistles most people won't use for a long time.
I think that the best "feature" of a coin is adoption. Technology is not that important as long as the coin has no flaws in source code/network.
This thread is the most intelligent one I have read in months. There are so many good posts to qoute, I would like to list them all, but I think the two above summarize it. It includes community (outside of the cryptospere) and features, because you won't get adoption without either.
There are less than a handful of altcoins that meet these requirements, but there are a few. Forgive the commercial, but I would humbly submit that AppleByte, the digital currency that supports artists meets the criteria and invite other devs to show how they meet the requirements.
- The currency is managed by the AppleByte Foundation, a non-profit organization.
- Supported 700+ real artists around the world in the first year.
- Have a real, engaged user community of artists and fans on social media, 68,000+ (now ranked #5 on coingecko in terms of community size and engagement)
- a real social media tipping app that supports working artists, no tips for merely saying, "to da moon"
- a music download site, where artists can sell music for AppleBytes
- Provided places for artists to spend AppleBytes from day one (prepaid credit cards, amazon gift cards, movie theater cards, starbucks, retaurants, etc.) subsidized by the AppleByte Foundation.
- wallet with built in pool mining that pays a bonus to all CPU miners (most artists & fans), regardless of the amount of hash power pointed at the network.
- no pumps & dumps, AppleByte is a longterm investment. Out of 200,000,000 mined to-date (over the last year) only 9,000,000 are currently for sell on both our exchanges combined, few artists & art fans speculate in cryptos.
- the real names and contact info of the dev team, including mine have been published in these forums and online from the beginning. Have questions, email me at jmc
- all devs were paid in bitcoin.
- we don't spread fud and have gotten almost none.
From launch day, May 1, 2014 everything we do is focused on building non-cryptosphere adoption and we are succeeding
If you agree with the thoughts on this thread, I invite the posters on this thread to check it out. And invite other devs to demonstrate adoption outside these forums. You can research our community and technical details for yourself:
Announce Thread: Announce Thread
Website: AppleByte.me
Facebook: AppleByteMe FB Page
Twitter: AppleByteMe Twitter
AppleByte (ABY) is traded on Poloniex and Bittrex
CLAMS really can be placed among good cryptocurrencies, though I've never seriously researched it.
Every single coin, except bitcoin, is conceived, designed and developed with a main purpose, regardless of features or anything else: to make money for its developer.
Not the case for PayCon[CON] though. A dev donated his coins to GAW victims. I think not the case for CLAMS either - I highly doubt that CLAMS developer had the most old btc addresses with coins
Not everybody is corrupted...Strictly on the premise that there's no rule without exception, i would accept that. Now think for a moment... isn't that particular instance a case of simple, uncontroled hatred? Besides that, a donation in charity not policy. Question is what is in paycon for its developer? Not long ago he was quite literally licking Garza's ass begging for some donation crumbs...
The case if CLAMS? I'll suspend judgement for now until corroboration materializes, ok?
Every single coin, except bitcoin, is conceived, designed and developed with a main purpose, regardless of features or anything else: to make money for its developer.
Not the case for PayCon[CON] though. A dev donated his coins to GAW victims. I think not the case for CLAMS either - I highly doubt that CLAMS developer had the most old btc addresses with coins
Not everybody is corrupted...You have a good point for CLAMS. I like this coin due to its fair distribution.
Generally speaking, it's very difficult for an altcoin to have a fair initial distribution and that's why many of them failed.
No premine, Fast (1 min or less), something unique in it, good community, nice design.
Every single coin, except bitcoin, is conceived, designed and developed with a main purpose, regardless of features or anything else: to make money for its developer.
Not the case for PayCon[CON] though. A dev donated his coins to GAW victims. I think not the case for CLAMS either - I highly doubt that CLAMS developer had the most old btc addresses with coins
Not everybody is corrupted...
1) Network effect (Bitcoin is unbeatable here)
2) Solid team (Bitcoin is unbeatable here)
Welp, that's basically it. All other stuff is a derive of this (volume of the coin, security, popularity..)
2) Solid team (Bitcoin is unbeatable here)
Welp, that's basically it. All other stuff is a derive of this (volume of the coin, security, popularity..)
The most important feature in a coin is to make the coin have a real life use.
Most altcoins are just selling promises without much use in real life.
Most altcoins are just selling promises without much use in real life.
This is obvious, but people are still buying promises, which are fake in most of the times. Let's discuss this like we are in perfect conditions (promised - delivered, team (let's call it that way) behind coin does not disappear soon/right after it launches, adoption, marketing).
The most important feature in a coin is to make the coin have a real life use.
Most altcoins are just selling promises without much use in real life.
Most altcoins are just selling promises without much use in real life.
Fair distribution and fluctuant money supply.
Like? XPY (Paycoin)?
So many promises, and what did the dev deliver?
So many promises, and what did the dev deliver?
Here you can see what I personally think about XPY. Empty promises has nothing to do with coin's development in my eyes.
Personally, I have never seen any coins except Bitcoin with any features, even if any had, they were of no use because it has just been a Pump-&-Dump market, so no matter what you try to serve here, it is going to get abused hard by the whales in the end.
Whales can enter and exit. This is their thing. More important is how the community of one coin will react afterwards and if people who are supporting it (with developing and such) are still willing to stay.
Like? XPY (Paycoin)?
So many promises, and what did the dev deliver?
Personally, I have never seen any coins except Bitcoin with any features, even if any had, they were of no use because it has just been a Pump-&-Dump market, so no matter what you try to serve here, it is going to get abused hard by the whales in the end.
Whales can enter and exit. This is their thing. More important is how the community of one coin will react afterwards and if people who are supporting it (with developing and such) are still willing to stay.
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