What features should a new leading currency have to become bigger then btc/eth? - page 2.

TheLuckyBastard

newbie

Activity: 49

Merit: 0

Quote from: williamuk on July 15, 2017, 08:51:44 AM

2. No transaction fee is justified IMO. I don't pay someone to hand over a few dollar bills to a friend, if crypto requires fees then it's worse than fiat. Millions of computers form networks around these crypto tokens, that should be more than needed for any transaction processing on a P2P basis

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.

Quote from: williamuk on July 15, 2017, 08:51:44 AM

Let me know if you find this, I can't wait Wink

I don't find one right now, but I am planning to build one from scratch )

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

Quote from: Fatoshi on July 15, 2017, 12:52:52 AM

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.

williamuk

member

Activity: 70

Merit: 10

Quote from: TheLuckyBastard on July 14, 2017, 11:54:02 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?

1. I agree

2. No transaction fee is justified IMO. I don't pay someone to hand over a few dollar bills to a friend, if crypto requires fees then it's worse than fiat. Millions of computers form networks around these crypto tokens, that should be more than needed for any transaction processing on a P2P basis

3. No need for real assets IMO. Adoption and real world use, such as acceptance from a large number of real world merchants/vendors, would be enough as bitcoin proved

4. I'd add: no "I'll print myself a billion $' worth of the stuff just cuz" ICO type setup or the whole thing is exploitation by definition

5. A fixed quantity of tokens: one of the main attractions is the ability to escape from endless fiat devaluations

Let me know if you find this, I can't wait Wink

TheLuckyBastard

newbie

Activity: 49

Merit: 0

Actually it's a very good point that a new leader that I thinks would surely come or evolve from one of the current projects should have good investment opportunity at it start.

But I think of this question more long-term like 10+ years.
And the real value in my mind is becoming a widely accepted currency.

The concept of virtual uncontrolled money is here to stay, but I am sure it won't be bitcoin in the future and not ethereum if they don't evolve fast enough.

Security of the network itself is a big issue.
Everybody talks about the ability to get 51% to make a fork, but there is one more thing.

It's very important that an attack that aims to stop all transactions in the network entirely for month cost at least 20% of the currency market cap.
We will see attacks from governments pretty soon and they will be perfectly fine to spend a couple of billions $$ for this.

Fatoshi

sr. member

Activity: 672

Merit: 251

Quote from: Herbert2020 on July 15, 2017, 01:06:32 AM

there are a lot of these things around, and everyone thinks their coin is the one replacing bitcoin.
and you know what, i agree with what you said "it will happen in the future". but the problem currently is that as you can see from the previous 2 comments people don't want a "currency" they want "an investment" or in other words they want to make profit.
that is why nobody makes any of these with a currency in mind and that is why none of them has became the leading "currency" so far.

Thats insulting. I invest in projects I genuinely believe will be successful based on intrinsic innovation not on some ETH fleeting fashion that will pump and then disappear. Of course I can be wrong but usually I'm not wrong on the tech but on the intelligence of the masses to understand a technology is so innovative.

AND if I believe in a technology I also invest because I don't see them as exclusive. I have NEVER bought a single ETH even though I knew they would be a great investment as I see them as flawed and bank backed. I am far more principled than I'm sure the shit ETH dice ICOs you invest in.

So fuck you and your little incorrect and arrogant judgments.

Herbert2020

legendary

Activity: 1946

Merit: 1137

there are a lot of these things around, and everyone thinks their coin is the one replacing bitcoin.
and you know what, i agree with what you said "it will happen in the future". but the problem currently is that as you can see from the previous 2 comments people don't want a "currency" they want "an investment" or in other words they want to make profit.
that is why nobody makes any of these with a currency in mind and that is why none of them has became the leading "currency" so far.

Fatoshi

sr. member

Activity: 672

Merit: 251

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.

dissident

sr. member

Activity: 280

Merit: 250

Transactions per second in the hundreds to thousands.

Blockchain Trim, which is already available via PascalCoin and their account numbers system.. a max blockchain size of 6GB is just about perfect.

Some sort of price stability would be nice, but not necessary as I view these more as investments at this point... any price stability will come from me simply holding USD on GDAX or Gemini until a better solution is provided besides Tether, which I don't trust.

Instant verification of transactions without the need to wait a half hour or more to prevent double spending.. according to Pascalcoin's whitepaper, they may also have addressed this issue... this will come with time.. in 2 years we shouldn't have to wait 30 minutes for funds to show up on poloniex, but we will because we'll still likely be using BTC as the gold standard, and as great as it is, it's outdated code.

Low fees, of course. Many coins have solved this.

TheLuckyBastard

newbie

Activity: 49

Merit: 0

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?

Topic: What features should a new leading currency have to become bigger then btc/eth? - page 2. (Read 1240 times)