Topic: What kind of features are you looking for in an altcoin? (Read 1567 times)

NEM has 4 full-time devs working hard at making it the best blockchain platform. Launched before Ethereum, yet having had no major problems with its network and lots of extra safety and security features while also having lots of built-in features make it an ideal platform for people to build on.

Even bitcoin still isn't a thing and only a few hundred thousands of more than 7B population of the world are into bitcoin and 10% of them actually are into altcoins, they are more like a bad joke if you ask me and seems people already know that but they are not much caring about it as long as they can develop a new and totally unneeded altcoin and trick the new comers to invest their hard earned money so that they can have their pockets filled with cash.
But tell me again why do the world needs a few thousands virtual coins besides their own country's currencies?
You really think that people are idiots to hand over their wealth where only a few anonymous nerdy coders can spread their legs and shit all over their whole life simply just by doing a stupid fork or leaking info to some hacker to partner to gain a huge advantage over the mining process?

 I like Victorious Coin -- it has a good symbol and is cheap, and should gain traction over time (hopefully xo)

https://alcurex.com/#VTY-BTC


  No volume on this coin, but I would like more if there was some volume.  lol

I am thinking that all the altcoins have the same property like to make buy/sell with Bitcoin or other with doller directly exchange site .
But I think the trader only making purchase of that altcoin which is much famous/popular because every trader knows that if he will buy inactive coin than it would take much time to get Profit or may be the price can't rise up and go Down .

Actually all the altcoins in the online crypto market is having the value in satoshi only .
So I we need to make buy sell then we are insisted to make deal in Bitcoin only than we can purchase other altcoin .
So there should a better thing in altcoin that it can be converted into any altcoin without going through Bitcoin .

The only feature that stokes my flame is an enormous user base.  That is what will kill all of these shitcoins.  People aren't going to have the passion they had for them in 5-10-20 years, and there won't be any miners or anyone even wanting to use the coins.  Bitcoin is good like that.  If people have heard of crypto, they've likely heard of bitcoin exclusively.  Some of these coins have fanatics, like DOGE, but I don't have high hopes for a lot of them.

Me, I gotsta say stability.  I don't want none them coins that end up at zero after a month.  You all traders like those, but they garbage to me.  I jist tend to stick wit' bitcoin.  All them others leave me col'.  But faster network time is a good thing.  Bitcoin do be laggin' in that.

How about establishing from the get-go a denomination implementation/convention/name scheme that resembles the dominant reserve currencies of today (USD, EUR, etc.) instead of decimal places that only tech geeks could decipher? Decimals are daunting enough for most people but to break them down further and giving fancy schmancy tech names (micro this, milli that, etc.) for every few decimal places is not conducive to mainstream adoption. For example:

Bitcoin:

Instead of:

XBT 1.00000000 (1 BTC)

Why not:

XBT 1,000,000.00 (1 million BTC similar to USD 1,000,000.00)
XBT 0.99 sats or satoshis (Why not use the familiar "cents" here?)

Monero:

Instead of:

XMR 1.000000000000 (1 XMR)

Why not:

XMR 10,000,000,000.00 (10 billion XMR similar to USD 10,000,000,000.00)
XMR 0.99 pons or ponies (Just made that up but again, why not use "cents" here?)

Any fraction of XBT/XMR 0.01 could be rounded to it just like with reserve currencies (i.e. $0.01538 = $0.02; $0.01437 = $0.01). As far as implementing this particular aspect at the protocol level, I dunno; I'm not a coder.

In other words, start with a very simple convention pair (i.e. XBT unit/satoshis or cents; XMR unit/ponies or cents -- similar to USD unit/cents).

Any nickname for certain denominations should organically evolve from the community or the public in general just like how it developed with the reserve currencies (buck, quid, grand, Benjamin, Lincoln, etc.). Perhaps:

XBT 1,000,000.00 (1 BTC) = a "Nakamoto"

XMR 10,000,000,000.00 (1 XMR) = a "Fluffy"

...and so on and so forth.

Added anonymity is the big talk of the town and of course more upgraded asic mining equiptment,but the hotest thing now are the ICO,every day a new ICO is being launched where dev premine the coins and offer it to sell at a much lower price in exchange for the development of the coin and it's usage.

The main objective of the people is to make money but the problem here is all crypto's are failing at some point because bitcoin price is not all stagnant. When bitcoin price increases really many people hesitate to buy because of high price, even many dev are also not showing any development in the project. Once dev are being active in forum then definitely their will be movement in many coin, Many investors are keep waiting for their money but nothing happens.

In my opinion anonymity feature is already common for most currencies out there on which most coins do claim that they have anonymity feature and some have other features which isnt present to another one which could able to get the interest on some investors or people.Just like what other members said here one thing matter the most for me besides anonymity is the accurate transfer of money from person to person.

Altcoin with the good anonymity is also in demand from altcoin users. Another important point is fast and simple transfers. But of course Nr.1 point is price growing, because then users can make some fast profit.

All the features I'm looking on a coin are all on Burstcoin this is my opinion,but I just want a hard working dev team behind a coin which can update the coin and fix all it's bugs and of course many projects behind it,many coin has different features but once the dev left the projects, it goes down the drain,only Bitcoin survived this scenario.

Just remove those promises or disclaimers that their crypto launched will make people rich someday or will jump out quickly in a conclusion that all in all, coins will be great for making money. They must care for the development of the coin at any cost and not to make money as the main purpose why it was launched.

Also when pump happened and hype began to minimize after that, Devs must still intact with the project and don't ever let it go just because it established a low volume.

In my mind, The pseudonymous was already enough. I don't wish more about it. I think fermat was being a good example for your interest ICO. Because the chance for to be a scam purpose was getting reduce in my mind.

You may think anonymity is not important today because you might be neglecting the fact the fungibility will become a critical feature for all cryptocoins in the future. The evolution of all in the cryptosphere is going towards this and this is one of the foundations of crypto, correct? To hide something thru encryption. It could be the same for cryptocoins.

Your opinion is completely opposite to mine, First of all i want the feature of "Anonymity" to avoid money laundering case and at the same time, my life will be safe if i have a lot of money in my wallet. And ICO is the modern way on investing now, It will make the project strong and not easily to destroy. The monthly dividend is a good idea. I think Altcoin that pure POW is an old skul type and will not withstand the dumping and it will die soon.    

I am looking for an altcoin that can turn the youth away from Socialism and towards being productive:

Bernie Sander's Millennials Socialism is Coming...

Surely they will feel better about themselves being productive and earning their own TAXABLE money, than stealing from others.

Please spread this message to the spoiled-brat Millennials

"Anonymity" is not something that I will consider when choosing an Altcoin to invest now. Personally, I would look into Altcoin with no ICO (excuss my signature campaign. :/) and have a rich history (more than six months). Another factor that I will also consider is the wallet. My computer only have 2GB of ram and if the wallet is light-weight, it will be easier for me to join the HYPE for the cryptocurrency.

You do not get it. The people are now starting to realize that bitcoin is the only coin that is worthy to be held as a store of value. So if I was asked what features I am looking for in an altcoin, I would say simplicity, speed, scalability and anonymity. Plus a blockchain that does not bloat too quickly.

All altcoins claim to have the features that will change the world but they have not solved the simple issues that limit bitcoin.