Topic: What Would You Want In A Coin? - 2015 - page 2. (Read 1852 times)

Please explain these limitations?

As for all the other wants, already covered here.

Fast Transactions - Check
Selectable Anonymity - Check
Light Ledger (pruning I guess) - Check

Other things of note:

Transactional Embeddable Data - Check
Decentralized Marketplace - Check
Decentralized Exchange - Check
Turing Complete - Check
Mail, Chat & IM - Check
Alias, Profiles & Ratings - Check
POS Ready - Check
...
I can keep going

and most important of all

Reactive Economics Model - Check

I await the trolls

Interesting point - but how would it be possible to get merchant support for a currency not yet created.

Merchant support or real life economic utility.
No more coins should be made if the main purpose is merely to be listed on an exchange and to hope for some vague future purpose.

There are programming limitations with higher numbers unless you are only fine with two or three decimal places.   Otherwise I actually agree with your points with the supply. 

 It could very well be the case that digital currencies could be a $Trillion(s) industry some day so naturally the front runner and runner up coins should have a supply which matches this scale.  If you are talking about a lot of coins with a capitalization between $20 billion to $500 billion then the best supply here is probably in the low trillions.






People want to psychologically think they are getting a good deal, like exchanging $1 for 10 of *insert coin*.  In the reverse case, we're seeing people whine because they don't even have the disposable income to afford a single BTC and that's discouraging user adoption.  There was a time last year that a single BTC went for the equivalent of an apartment's rent in a lot of countries and not everyone in this world is making enough money to spend $1000+ on a high risk "magic internet money" coin that could go down to $0.


As for people who want anonymity - I'm not sure if it's works as trust is built around having a public ledger so anybody in the public can do a public audit.  Granted this is an invasion of your privacy if people can link your wallet to say the Bunny Ranch but there are already proposed solutions like coin mixers and maybe in the future payment processors who'll keep your anonymity.

You got down to the core pretty quick! Yes, obviously the "Wants In A Coin" are mutually exclusive.

Mixing is a parameter of Cryptonote coins (XMR, BBR, ++) but basically if a coin allows "high privacy" in transactions, you imediately get all of the drawbacks in an instant. Block explorers are then futile.
Means you cannot reliably do developer fundings using a publically visible adress and such. ICOs. Reasonable premines (Premine isn't bad per se, it depends upon size) and control when they are utilized.

Some coins reached top rankings by providing 28,989,252,282 or even 192,460,096,981 coins and then later accumulating value like $ 0.000002 a coin. Seems the market is reluctant to catch up there, if numbers are inside those regions.
Still, 10millions of BTC are a tad smallish on the long run. I think a thousand dollars a coin is a psychological barrier that will not get stretched further. So Coinmarketcap gets designed by possible coin supply early onwards.

Just some ramblings. Pick up what inspires you, and others are invited to brainstorm, too.

Ok so fair release is obviously a big deal without a premine - could you explain more about how to get a transparent chain with privacy?

You can't really get a huge market cap early on - the coin would have to grow - technically every single coin starts with a market cap of 0.

The most hated feature, early adopter wise in a ponzi, is "fair distribution". They hate nothing more than that.
Just on the long ponzis have that tendency to always fail.

Well any 2015 coin should have the potential for a clean start. Unlike that Pirateat40 seizure, Silkroad seizure, Silkroad seizure again, MtGox ... most of Bitcoin are in doubtfull hands by now. And then, there was the Satoshi premine.

The thing Bitcoin was slacking the most is privacy related. On the other hand we are using Blockchain Explorers ourselfes each and every day. So ideally a transparent chain WITH privacy. Think out how you could archive that. Hint: Mixing factors.

Other details are huuge coin supply for a huuge market cap, fast confirmations without blockchain bloat. A pruning concept has to be designed from early onwards.

That are basically the eight points that come to mind.

Hello Everyone,

Just curious for 2015 what features would you be interested in seeing in your 'ultimate' coin?