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Topic: What would the top coins be if people were sane? (Read 747 times)

newbie
Activity: 84
Merit: 0
September 07, 2018, 10:16:46 AM
#40
The valuation of all crypto is currently grossly inflated by rampant financial speculation. For example, a few weeks ago, the price of bitcoin was increasing due to speculation that a bitcoin ETF would be approved in the near future. In other words, people were speculating that the masses would have the ability to speculate on the future price of bitcoin.
member
Activity: 232
Merit: 32
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
In my opinion, BTC, ETH and XMR are ok, but I would like to add "Bitcoin Cash" too. It looks to me promising and has a good price right now, although it doesn't offer anything different than the other coins it might stick for a while at a decent price, much better than ETH or XMR IMO.

It seems to me that all prices/price fluctuations of other coins, despite what others may say, are influenced Directly by Bitcoin, so from all the virtual coins that would be sane to use despite its big fluctuation, my choice would be still Bitcoin.
hero member
Activity: 1022
Merit: 725
~snip
If i were to pick a top 3, there would be something like:

1. Speed
2. Privacy
3. Interoperability.   

Use his own blockchain.
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
Nice topic.

BTC
LTC
XMR

The followup to this is why were coins  created in the first place.
I would say to provide  interest on funds.

Banks gave  5 to 10%  from 1977 to 2001 or 2002.

Markets fully crash a bit later.. say 2006 to 2008

Then coins came along in 2009.

For system to work  you need a few big asic coins and a few big gpu coins.

The vast majority on coinmarketcap  are filler to make exchange to better coins.



full member
Activity: 308
Merit: 110

In addition to your link, there is also this alternative ranking to CMC : https://www.coingecko.com/en

It's not based on total market cap, but instead on github activity, community activity, exchange liquidity, ... The result is interesting as well.


For the fun I mixed both links and the result is as follow : (there aren't much coins left from CMC top 100!)

1/ Bitcoin11/ Qtum 21/ BAT
2/ Ethereum12/ Binance Coin22/ Bytecoin
3/ Ripple13/ Bitshares23/ Polymath
4/ Litecoin14/ Waves24/ Kyber Network
5/ Monero15/ Steem25/ Komodo
6/ BitcoinCash16/ 0x26/ Bancor
7/ Stellar Lumens17/ Sia27/ Horizen
8/ NEO18/ Golem28/ Wanchain
9/ ZCash19/ Augur
10/ Nano20/ Decred


I assume that staying in the coins listed above would be a "sane" bet combining: CMC top 100 + working product + active development + active community.
newbie
Activity: 124
Merit: 0
in my perspective, the top coin is if people were sane is EOS. they call it the ethereum killer. and it far surpasses bitcoin when compared in terms of scalability and speed.
hero member
Activity: 1358
Merit: 513
In my opinion, I think if the interest in the market was to be 'more sane' as you define it, I think it may well look very differently shaped then how it is now. Thus, Bitcoin may not have been the top coin - don't mind me that's my opinion only.
hero member
Activity: 658
Merit: 851
There is a total of only 8 DAPPS actively used, 5 on Ethereum, 3 on EOS :

https://ethereumworldnews.com/dapps-future-eth-eos-apps/

Quote
According to a tweet from Kevin Rooke, a Canadian cryptocurrency analyst/researcher, the Ethereum and EOS blockchains collectively host only eight DApps that are actively utilized (daily) by more than 300 users.

legendary
Activity: 1582
Merit: 1059
nutildah-III / NFT2021-04-01

Also interesting would be a list of coin projects which respect their roadmap and deadlines.

Would be a real "short list".
sr. member
Activity: 558
Merit: 295
Walter Russell's Cosmogony is RIGHT!
If the masses of people were anywhere near close to being sane...

There would be NO coins...NO COINS would be needed...MONEY would NOT exist.

(Save as objects of ARTISTRY decoration etc..)
jr. member
Activity: 228
Merit: 4
XLM
XMR
BTC
ADA, EOS, NEO, ZIL
BAT

I don't think exchange tokens like BNB should be considered.
It was only a matter of time before this topic started to look like a thread from the Speculation board.  Grin Cool
Of  course it's all about speculation.
If not, can you name one coin that is "good" today?A real effective working product?
Btc ? Too slow, too expensive, not accepted by the public yet... which is its goal.
Eth ? Not working ! No scalability...far from what it should be.
Xmr ? Still considered illegal by many.

legendary
Activity: 1582
Merit: 1059
nutildah-III / NFT2021-04-01
XLM
XMR
BTC
ADA, EOS, NEO, ZIL
BAT

I don't think exchange tokens like BNB should be considered.

It was only a matter of time before this topic started to look like a thread from the Speculation board.  Grin Cool
jr. member
Activity: 228
Merit: 4
XLM
XMR
BTC
ADA, EOS, NEO, ZIL
BAT

I don't think exchange tokens like BNB should be considered.
hero member
Activity: 784
Merit: 1416
Maybe no one at all, since no one is that widely used and it's just speculation of what is going to be at this stage?  Smiley
legendary
Activity: 1526
Merit: 1034
A lot of the tokens that are payment tokens for platforms and protocols realistically do not have much value other than what has been artificially injected into it by forcing it as a payment. (Of which many projects are beginning to accept ETH as well as their ERC token).

Many of the different coins (not tokens), however, hold value, especially those that are made to be easily used by public and major players. Ex: NEM seeing major use in Japan, even by Japanese government. ICX in South Korea. VeChain by many major companies for supply chain management. Qtum, Nebulas, and I'm sure many others are worthehile in that they enable the use of mainstream coding languages like C.

A case could also be made for tokens that are being used in high volume and have burn mechanisms. Binance Coin comes to mind
legendary
Activity: 1582
Merit: 1059
nutildah-III / NFT2021-04-01

What a great list. I would've added Syscoin, Civic (or should I say Identity) and Factom, but they seem to not be in the top 100 (for the moment Wink). I admit I do not follow the hit list positions from nearby... I've seen far too many scams and shitcoins appear (and disappear) in these top lists. Let's say market cap is not necessarily a reference for quality...

I am also a bit surprised how no-one mentioned Stellar yet.

@theymos, you could add a poll to this thread, which allows you to filter out your personal preferences and leave only those you prefer in the poll. Wink I am quite curious to read which coins you would name as "coins for sane people".
member
Activity: 322
Merit: 43
Many will disagree but I think BCH would be ahead of BTC in the scenario described by OP. Because BCH scales on-chain, Bitcoin does as well originally but Lightning Network massively decreases the real (original) value of Bitcoin.

Can you explain why you think the "Lightning Network massively decreases the real (original) value of Bitcoin"?
It's bad in terms of the bitcoin spirit. It may lead to centralization, that's not the essence of bitcoin. I know many will disagree with this opinion. No big deal.
newbie
Activity: 126
Merit: 0
I recently checked the features of XMR in a recent article on this forum, I think monero deserves better credit than it currently gets, and several other coins like that
member
Activity: 65
Merit: 61
Many will disagree but I think BCH would be ahead of BTC in the scenario described by OP. Because BCH scales on-chain, Bitcoin does as well originally but Lightning Network massively decreases the real (original) value of Bitcoin.

Can you explain why you think the "Lightning Network massively decreases the real (original) value of Bitcoin"?
jr. member
Activity: 309
Merit: 5
I will put my favorite coin USDT as one of the top ten, very practical to buy when you expect bears are coming. because of its stability, you can actually chart better using it as a base currency and prediction is much easy. unlike other pairs when trading with BTC/ETH as the base your not only charting (coin)/btc or eth but you must look at BTC/USD chart as well to make a prediction because everyone is affected when a sudden drop or increase in BTC value.
jr. member
Activity: 89
Merit: 1
in my opinion the coin BNB is enough demand. it works, yet strongly attached to the exchange BINANCE but she has a future. (of course if the exchange did not stop working). and stability while demonstrating tether is great to lock in profits earned on the stock exchanges.
newbie
Activity: 50
Merit: 0
XMR should be nr3
sr. member
Activity: 742
Merit: 395
I am alive but in hibernation.
 I am very new to crypto currency  and still learning about BTC. If I have to make choice I will take STEEM as second one.

My take:
1. It has blogging platform where you curate and author and can get paid. Depending upon your investment you can get curation rewards
2. Anybody can use that platform whatever the background you have . You do not need to be crypto currency expert .
3. Steem Power can be leased to earn the interest , or if curation power is used intelligently then it is further increase in your steem power.

I think Steemit can be used with ease, al tough platform is too much monetized as using bots for upvoting is permissible there.
legendary
Activity: 1344
Merit: 1000
I believe that coins like TRON and XRP will not be in the top ten of coinmarketcap if people are sane. TRON is overhyped while banks are not using XRP but just the Ripple Gateway. I don't see why XRP has such a huge market cap when there are billions of coins. BTS should be one of the top coins when they have a decentralized exchange and they have overtaken ETH in the number of daily transaction.
member
Activity: 322
Merit: 43
Many will disagree but I think BCH would be ahead of BTC in the scenario described by OP. Because BCH scales on-chain, Bitcoin does as well originally but Lightning Network massively decreases the real (original) value of Bitcoin.

copper member
Activity: 630
Merit: 420
We are Bitcoin!
XRP does not even fit some of the criteria of cryptocurrency. Do you think it's even decentralized? 
full member
Activity: 952
Merit: 166
I know that it's a work in progress and not a coin till mainnet comes out; but Holo (HOT) is something I'm betting on for adoption due to it's usecase.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
I would add LTC, DASH, and ZCash as minor coins to the list.

Also ETC as an alternative to ETH when the latter is "massacred" by some stupid cat game or when the Central Bank of Vitalik decides to roll the chain back.
full member
Activity: 476
Merit: 107
That depends on the altcoin. Smart-contract and privacy cryptocurrency have bigger user than you think.
The number of real users on smart contract and privacy focused cryptocurrencies are smaller than you think. Looking at statistics, there might be many people using those coins you are referring to but most of them use it merely for speculation. I wouldn't count those who use privacy focused cryptocurrency and erc20 tokens contract to speculate as users if I were you.
full member
Activity: 1064
Merit: 166
legendary
Activity: 1288
Merit: 1926
฿ear ride on the rainbow slide

For a handsome amount of time (few minutes) I thought "massacre" itself was an altcoin LOL.

Quote
I looked on CMC for massacre but I have not got any result.


There may not be a massacre on coinmarketcap

The closest I found was mascara on coinmakeup

https://www.coinmakeup.com/en/11-mascara



How did I end up there ?   Shocked
copper member
Activity: 630
Merit: 420
We are Bitcoin!
take note that not all coins listed on rankings are manipulated by hype
Here you just confirmed your doubt  Smiley
hero member
Activity: 2576
Merit: 883
Freebitco.in Support https://bit.ly/2I9BVS2
This altcoin massacre made me ponder what the coin market cap listing should look like, if this stuff was based on real fundamental value and not pure pump-and-dump speculation. I'd put XMR and ETH at a very distant second and third to BTC, since they each provide some very real features over BTC which people are using right now to good effect (though each has problems). I haven't looked into the more recent ones much, though. Are there any others that are backed by more than empty promises?

Adoption is the key to survival much more than features.

A coin can still succeed even if it doesn't provide a distinct benefit over another coin. Consider that there are several rental car companies even though there is little incentive to prefer one to another.

There are a number of coins that don't really offer more than Bitcoin but they can be used and exchanged for goods and services. LTC, DOGE and BCH all pretty much serve the same purpose but they stand out from a lot of others because you can actually spend them. Even CLAM will survive as long as JustDice does. The massacre is going to hit the coins that can only be traded at an exchange and have no other function.

This massacre talk started with that Tweet from Ted Rogers saying that 90%+ listed at CoinMarketCap will disappear eventually. I'd be hard-pressed to come up with a list of 100 coins that I could exchange for goods or services.
copper member
Activity: 2996
Merit: 2374
The valuation of all crypto is currently grossly inflated by rampant financial speculation. For example, a few weeks ago, the price of bitcoin was increasing due to speculation that a bitcoin ETF would be approved in the near future. In other words, people were speculating that the masses would have the ability to speculate on the future price of bitcoin.


If various cryptos were valued not on speculation, but on actual volume of financial transactions, bitcoin would likely be first, followed by bitcoin cash and ether. Most other altcoins would be more or less worthless if they were valued by actual financial transactions.

Financial speculation is not all bad (although I would argue current levels are excessive and otherwise bad), as it will lead to innovation. In the future, I can see both EOS and IOTA financial transaction volume increasing, although the alleged weaknesses in cryptography in IOTA will need to be addressed (if real), and financial transactions in EOS will be very different than the financial transactions in most other coins.   
legendary
Activity: 4466
Merit: 3391
This altcoin massacre made me ponder what the coin market cap listing should look like, if this stuff was based on real fundamental value and not pure pump-and-dump speculation. I'd put XMR and ETH at a very distant second and third to BTC, since they each provide some very real features over BTC which people are using right now to good effect (though each has problems). I haven't looked into the more recent ones much, though. Are there any others that are backed by more than empty promises?

A coin can still succeed even if it doesn't provide a distinct benefit over another coin. Consider that there are several rental car companies even though there is little incentive to prefer one to another. For that reason, I think that you will see several classes of coins having distinct use cases and then several coins in each class -- probably a single major coin and one or two lesser coins, along with a bunch of worthless coins. So, I would add LTC, DASH, and ZCash as minor coins to the list. I might add EOS to the list simply because it has a huge following and a ton of money.

There are also a few utility tokens that are actually being used today. Binance Coin (BNB) is going to have value as long as Binance is around.

newbie
Activity: 70
Merit: 0
In reality the majority of the alt coins do provide something that gives it value, else they wouldn't be a top coin. You can say that some coins provide better tech than Eth, and in that sense Eth should be below them, but Eth was there first and grew its value before those other coins. The people who hold Eth aren't going to submit and say, "Here, I will dump simply so that you can take our position as number two."

A lot of coins can do what Bitcoin does and more, but again, it's all about supply and demand, and people's money.

If this were a household item, where Bitcoin is an object you own, and something better came along, then yeah, you could replace it with that something better.
legendary
Activity: 2870
Merit: 7490
Crypto Swap Exchange
Obviously Monero since it's the only coins that force all users use privacy features, they also constantly upgrade their technology from Bulletproof which reduce overall transaction size and Kovri which mask user's IP.
Zcash could be at top if they use zkSTARKs, force everyone to use it and remove/significantly reduce developer reward.

Are there any others that are backed by more than empty promises?
I believe there are none. Most of the altcoins nowadays might have a working product but only a few people use it or none at all.

That depends on the altcoin. Smart-contract and privacy cryptocurrency have bigger user than you think.
full member
Activity: 476
Merit: 107

Anyway, I don't believe that coin market cap always list the coins based on fundamental value. CMC and other listing sites or even most of the exchanges now a days list a coin based on hype, pump-and-dump.
Are they really listing based on hype? I thought they are listing the coin's rankings based on its market cap and trading volume(take note that not all coins listed on rankings are manipulated by hype, one example of which is dogecoin which is currently on top 30).
Are there any others that are backed by more than empty promises?
I believe there are none. Most of the altcoins nowadays might have a working product but only a few people use it or none at all.
copper member
Activity: 630
Merit: 420
We are Bitcoin!
This altcoin massacre made me ponder what the coin market cap listing should look like,
For a handsome amount of time (few minutes) I thought "massacre" itself was an altcoin LOL.

Too many crypto to get confused and now a days these ICOs are launching so many coins that I hope you will not think me a stupid to get confused with the wording  Tongue
I was even started replying the topic with the following...  Grin
Quote
I looked on CMC for massacre but I have not got any result.


Anyway, I don't believe that coin market cap always list the coins based on fundamental value. CMC and other listing sites or even most of the exchanges now a days list a coin based on hype, pump-and-dump. May be they don't bother too much coz money is coming in their pocket.

Quote
Are there any others that are backed by more than empty promises?
I wish I could however my knowledge is very limited to find some other coins that has actual value. There should be one or more I guess.
administrator
Activity: 5222
Merit: 13032
This altcoin massacre made me ponder what the coin market cap listing should look like, if this stuff was based on real fundamental value and not pure pump-and-dump speculation. I'd put XMR and ETH at a very distant second and third to BTC, since they each provide some very real features over BTC which people are using right now to good effect (though each has problems). I haven't looked into the more recent ones much, though. Are there any others that are backed by more than empty promises?
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