I think the main strategy to go on the top you must have a good team, good management, good technology,decenterlized currency like bitcoin,mine able currency and the special things that to follow all sectors of development like at top value coins like btc/eth
The ways how to do work in all these sectors to upgrade continuously and get all attraction of investors and other peoples also for long term investors and long term investors and do attractive work and get market attraction to make work of purpose of the coin
Topic: What features should a new leading currency have to become bigger then btc/eth? (Read 1207 times)
August 02, 2017, 01:58:33 PM
July 26, 2017, 10:33:23 PM
3. Real assets behind it, so everybody know it can't fall under certain level or it will buy itself back and stop the fall.
No currency can work as a currency with point #3. That is a feature that the new leading currency must not have.
Why not?
If coins are sold and the property from this sales belong to all coin-holders and so does the interest from property.
Investment decisions get approved or disapproved by voting.
It is impossible. People want crypto because of the freedom it provides. You cannot have freedom on the upward price but have it controlled on the downside. If there are hard assets behind something, it prevents the rise, but can't actually stop the fall. There have been no examples of any pegged assets that have ever worked, because it logically does not make sense. An exception is if you want the price entirely fixed, like tether or the gold-pegged crypto, but then the value is purely the value of the asset behind it, and it loses some of the benefits of crypto.
July 19, 2017, 09:44:19 PM
3. Real assets behind it, so everybody know it can't fall under certain level or it will buy itself back and stop the fall.
No currency can work as a currency with point #3. That is a feature that the new leading currency must not have.
Why not?
If coins are sold and the property from this sales belong to all coin-holders and so does the interest from property.
Investment decisions get approved or disapproved by voting.
July 17, 2017, 06:16:35 PM
3. Real assets behind it, so everybody know it can't fall under certain level or it will buy itself back and stop the fall.
No currency can work as a currency with point #3. That is a feature that the new leading currency must not have.
July 17, 2017, 05:14:20 PM
I think all wallets should allow for the option of making their transactions anonymous. Some people I've talked to aren't comfortable with their balances being visible on the web.
July 17, 2017, 01:12:02 PM
What would be your top picks?
Hello TheLuckyBastard,
A time machine.
Best Regards,
-Chicago
July 17, 2017, 10:55:58 AM
i will say, transaction per second is very important while the transaction fees also contributes to market demand. i always look at the two on any coin i try to work around.
July 17, 2017, 09:09:48 AM
Thanks for the replies.
I really think CPU / GPU mining has to be abandoned and replaced by procedures that has the value to the network growth and fast transactions.
It's not the calculations that guard the process it's the amount of money needed. If this money is invested to make the network more fast and secure and grow it - the chain will profit a lot.
I really think CPU / GPU mining has to be abandoned and replaced by procedures that has the value to the network growth and fast transactions.
It's not the calculations that guard the process it's the amount of money needed. If this money is invested to make the network more fast and secure and grow it - the chain will profit a lot.
July 15, 2017, 10:26:24 PM
If the Segwit2x is success in BTC then hardfork wont be needed and then the price & transaction problem will be solved and BTC price will soar rise in high , then no one will be asking for another BTC type coin in the market.
Yes your right , Because after segwit bitcoins will improve more and to think that bitcoin and Ethereum is totally abig currency which can never been replace on top. July 15, 2017, 09:39:15 PM
I read your point about transaction spamming and don't have a reliable answer to that but I would expect that in a P2P context (reducing the need for infrastructure, billions of transactions daily would mean how many computers?) spammers would mostly hurt themselves (and for what purpose?). For token to fiat transactions and other peripheral services, providers would apply fees that should make spamming uneconomical (?)
I actually got an idea how to make 99.9% transactions free and keep transaction spam away that could ruin any network.
Very high fees when the network reaches it limits, so that anybody planning a transaction-spam attack know, that each minute network downtime would cost them a fortune.
Transaction spam attack is when you create lots of transactions and put on hold the transactions of all the other people.
If you can achieve that you've hit home run I think
July 15, 2017, 08:07:10 PM
If the Segwit2x is success in BTC then hardfork wont be needed and then the price & transaction problem will be solved and BTC price will soar rise in high , then no one will be asking for another BTC type coin in the market.
July 15, 2017, 08:00:28 PM
I think that current leaders will fall once the new one appears.
Not tomorrow, but within the next years.
Here is my top3 features a new leader should have.
1. High transaction volume scale from millions to billions.
2. Low transaction fees.
3. Real assets behind it, so everybody know it can't fall under certain level or it will buy itself back and stop the fall.
What would be your top picks?
i think one surpass eth/btc must solve the problems eth/btc can't solve, and it will also need time to test, the new currency need a strong team and maybe some luck Not tomorrow, but within the next years.
Here is my top3 features a new leader should have.
1. High transaction volume scale from millions to billions.
2. Low transaction fees.
3. Real assets behind it, so everybody know it can't fall under certain level or it will buy itself back and stop the fall.
What would be your top picks?
July 15, 2017, 07:42:11 PM
It must make the payments secure and fast. Also, it should become more widespread, than BTC.
Besides, I think that its legality in most countries will be a plus
Besides, I think that its legality in most countries will be a plus
July 15, 2017, 07:03:46 PM
What would be your top picks?
* No pre-mine
* Super secure hashing
9 rounds of hashing from 6 hashing functions
(blake, bmw, groestl, jh, keccak, skein)
3 rounds apply a random hashing function
* CPU / GPU mining
* Quick block generation: 30 seconds
* 2048 QRK per block (halving every 60480 blocks ~ 3 weeks)
* Block reward will never drop below 1 QRK
* Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)
* Difficulty re-targets every 20 blocks (maximum 10% up or 50% down)
* Bill Still endorsement
If they do, none of them will stay.Btc and eth pass.If Btc comes to these features,so big
July 15, 2017, 06:53:07 PM
What would be your top picks?
* No pre-mine
* Super secure hashing
9 rounds of hashing from 6 hashing functions
(blake, bmw, groestl, jh, keccak, skein)
3 rounds apply a random hashing function
* CPU / GPU mining
* Quick block generation: 30 seconds
* 2048 QRK per block (halving every 60480 blocks ~ 3 weeks)
* Block reward will never drop below 1 QRK
* Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)
* Difficulty re-targets every 20 blocks (maximum 10% up or 50% down)
* Bill Still endorsement
July 15, 2017, 12:54:11 PM
I read your point about transaction spamming and don't have a reliable answer to that but I would expect that in a P2P context (reducing the need for infrastructure, billions of transactions daily would mean how many computers?) spammers would mostly hurt themselves (and for what purpose?). For token to fiat transactions and other peripheral services, providers would apply fees that should make spamming uneconomical (?)
I actually got an idea how to make 99.9% transactions free and keep transaction spam away that could ruin any network.
Very high fees when the network reaches it limits, so that anybody planning a transaction-spam attack know, that each minute network downtime would cost them a fortune.
Transaction spam attack is when you create lots of transactions and put on hold the transactions of all the other people.
July 15, 2017, 12:48:57 PM
Easy Xytabytes. It solves 51% attack, Its infinitely scalable and will like ETH have the ability for any modules to be built upon it using ANY programming language.
This is probably the only way to make a big ROI in this ICO crazy world.
Is it still early enough to invest in XYTABITES or is it too late for me to pick some up? I like to diversify and I am also looking at STRATIS as well as a new platform. What other good platform coins would you suggest?
What do you guys think about ARDOR? That seems streamlined enough as well.
This is probably the only way to make a big ROI in this ICO crazy world.
Is it still early enough to invest in XYTABITES or is it too late for me to pick some up? I like to diversify and I am also looking at STRATIS as well as a new platform. What other good platform coins would you suggest?
What do you guys think about ARDOR? That seems streamlined enough as well.
Its Xtrabytes. No its perfect time to invest because in 1-2months we don't know exactly the core code will go open source and it will definitely make a moon shoot then.
July 15, 2017, 12:34:30 PM
good dev team that is not mia after day 1, no instamining of any kind, bullshit % to dev is crap i don't want that
Ayers, what dev-team motivation would you find to be fair?
That's the hard question.
To really push the currency you need a A-class team and it costs.
It not only the code, it's pushing the currency to be widely accepted, evangelism, PR, conferences, regulating price drops and managing finances to grow that back the currency.
My thoughts that the devs motivation should be tied to the growth of the currency market cap to keep them motivated in the interest of all holders.
The currency grows - devs get some % from market cap, the currency falls - no bonuses for devs untill new groth is acheived.
July 15, 2017, 11:06:35 AM
I think that current leaders will fall once the new one appears.
Not tomorrow, but within the next years.
Here is my top3 features a new leader should have.
1. High transaction volume scale from millions to billions.
2. Low transaction fees.
3. Real assets behind it, so everybody know it can't fall under certain level or it will buy itself back and stop the fall.
What would be your top picks?
Not tomorrow, but within the next years.
Here is my top3 features a new leader should have.
1. High transaction volume scale from millions to billions.
2. Low transaction fees.
3. Real assets behind it, so everybody know it can't fall under certain level or it will buy itself back and stop the fall.
What would be your top picks?
good dev team that is not mia after day 1, no instamining of any kind, bullshit % to dev is crap i don't want that, low transaction fee coem to a cost miners need their revenue, and there must be a pow otherwise it's crap from the start, but out of these the most important is real usage and not just pump and dump on rigged poloniex lol
July 15, 2017, 11:04:59 AM
The transaction fee must be there. Even if the network can handle billions of daily transactions it would be spammed and die without the transaction fees.
The other thing is that transaction fees can appear when the network reaches the 20% of it's max capacity.
The people providing infrastructure for the network must earn money. It can be through emission or transaction fees.
For wide adoption emission and no fees is better.
The other thing is that transaction fees can appear when the network reaches the 20% of it's max capacity.
The people providing infrastructure for the network must earn money. It can be through emission or transaction fees.
For wide adoption emission and no fees is better.
The thing is I don't think transactions fees applied to transfers from one wallet to another would be acceptable to anyone, not with a token used as currency and not in an environment unlike the mania we are witnessing now. I read a statement from Vitalik Buterin stating, I paraphrase, "it's going to be a wonderful world, you'll have to pay for everything you do" . I hope for his sake he was being cynical and mocking instead of hopelessly self-delusional.
I read your point about transaction spamming and don't have a reliable answer to that but I would expect that in a P2P context (reducing the need for infrastructure, billions of transactions daily would mean how many computers?) spammers would mostly hurt themselves (and for what purpose?). For token to fiat transactions and other peripheral services, providers would apply fees that should make spamming uneconomical (?)
When the mania subsides, the question many will ask is "why would I pay Buterin for something in his 'wonderful world' that I already get for free with fiat in the real world". I don't think a currency that milks its users by charging for basic transactions could succeed. Sorry for being so negative.
I don't find one right now, but I am planning to build one from scratch )
I genuinely hope you succeed Jump to: