Guys/gall's, there is simply no incentive to use anything other than bitcoin, and even bitcoin has come to the point where the majority of user's have become so tight, that new user's to bitcoin realise it's not worth the hassle anymore.. new user's cant mine when they realise the cost of mininng from home, and most new user's will just say fuck that.. so folks say use the faucet's.. the origional was good, ya got 1 btc, but now look at it.. instant reward's paid instantly, to another external wallet that is not paying out instantly.. why would anyone wanna stick with crypto currency at all?
In the end, long term bitcoin users are grabbin what they can and giving out so little, it is pointless to new user's.
Long term bitcoiners cant see for the btc sign in their eye's..
Topic: Why are no anonymous altcoins being widely utilized? - page 2. (Read 5352 times)
I still think the main reason why no anonymous altcoins are being widely utilized comes from the fact that altcoins in general aren't being widely utilized. I mean, it's a subset relation. If altcoins aren't being widely utilized then it's clear that no subset of them is being widely utilized either.
The "subset" part is logically true but if you look at the altcoin projects that are not:
1. intended as mere interconnections between banks/exchanges/etc. (ripple/stellar)
2. In zombie state (ltc, nmc)
3. "Platforms" for DAO, etc. (BTS, maybe NXT)
4. Obvious scams (I'm not going to name names but you pretty much know who they are if you are paying attention)
i.e. actual coins intended to be used as coins, there are in fact very few left and the list is dominated by DRK and XMR and a few others (PPC, maybe DOGE, I don't really follow either).
I see three (somewhat) viable niches for altcoins at the moment:
1. interconnection tokens
2. app/DAO platforms
3. anon coins
You have an interesting point that the altcoins which are intended to be used as coins are an even further subset of the zoo that's out there. I have to say that one of the reasons I'm so turned off by altcoins is not only my feeling that I'd rather focus on bitcoin and bring energy there (for now) but also the circus of altcoins which as you say, many are scams, many are zombies, etc, has left me turned off. I suppose that with time the wheat will be sorted from the chaff but I'm just staying away for the time being (and I think many others probably feel the same way).
I still think the main reason why no anonymous altcoins are being widely utilized comes from the fact that altcoins in general aren't being widely utilized. I mean, it's a subset relation. If altcoins aren't being widely utilized then it's clear that no subset of them is being widely utilized either.
The "subset" part is logically true but if you look at the altcoin projects that are not:
1. intended as mere interconnections between banks/exchanges/etc. (ripple/stellar)
2. In zombie state (ltc, nmc)
3. "Platforms" for DAO, etc. (BTS, maybe NXT)
4. Obvious scams (I'm not going to name names but you pretty much know who they are if you are paying attention)
i.e. actual coins intended to be used as coins, there are in fact very few left and the list is dominated by DRK and XMR and a few others (PPC, maybe DOGE, I don't really follow either).
I see three (somewhat) viable niches for altcoins at the moment:
1. interconnection tokens
2. app/DAO platforms
3. anon coins
As far as the anon thing goes, if you compare the contributions and activity on GitHub of darkcoin and monero you will see that there is a lot more development and contributors on the darkcoin side.
This is largely bullshit. Monero development is more decentralized. Development happens primarily on many different github repos belonging to developers and contributors, whereas darkcoin has more going right on the main repo.
(This is not intended to say that darkcoin doesn't have some numerically larger amount of development/commits/whatever, I don't know and it wouldn't surprise me given that darkcoin is a larger and older coin with more money going into development. I'm just saying that "Look at the github!" does not tell the correct story.)
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Oh, and the reason why nobody uses them is because nobody really uses bitcoin, either. Adoption is going more slowly than some (me) had anticipated, but the technology is still under construction altogether... there has to be more every-day use instead of pure speculation.
This is 100% not bullshit.
I still think the main reason why no anonymous altcoins are being widely utilized comes from the fact that altcoins in general aren't being widely utilized. I mean, it's a subset relation. If altcoins aren't being widely utilized then it's clear that no subset of them is being widely utilized either. So your question really becomes about why altcoins aren't being so widely utilized. To answer that you have to realized that even bitcoin is only barely being "widely utilized" and a lot of folks, myself included, don't really want to contribute energy to side projects that take away from the potential to grow bitcoin.
For me, once bitcoin has become a staple of everyday life for even a large minority of the people of the earth, then I'll consider looking more closely at competitors.
For me, once bitcoin has become a staple of everyday life for even a large minority of the people of the earth, then I'll consider looking more closely at competitors.
Watch Brazil or read 1984...it used to be fiction but it will be reality should we not create the tools and means to resist.
Its true.. we should all remember to be more like Harry Tuttle.
No but really, if you haven't seen Brazil yet, go watch it... Yes its worth the time out of your life.
As far as the anon thing goes, if you compare the contributions and activity on GitHub of darkcoin and monero you will see that there is a lot more development and contributors on the darkcoin side. Monero is too hyped, requires too much - some would say relentless - spamming in order to retain relevance... plus it has a dumb name.
Oh, and the reason why nobody uses them is because nobody really uses bitcoin, either. Adoption is going more slowly than some (me) had anticipated, but the technology is still under construction altogether... there has to be more every-day use instead of pure speculation.
Quite simply, not interested..
In the grand scheme of things anonymous altcoins are in the phase 1 "Technology Trigger".
Or altcoins are dead.
I can't imagine anything in between.
Certainly they are not in the "Plateau of Productivity" phase because: Look at the title of this thread
Or altcoins are dead.
I can't imagine anything in between.
Certainly they are not in the "Plateau of Productivity" phase because: Look at the title of this thread
They aint bitcoin, just look at lat.. if your no fast, your last 
Because price and volume are so unstable
Also..... There has been a lot of work on Darkwallet for Bitcoin which basically gives some level of anonymity to Bitcoin. It's already in beta. And if it works, then basically every alt can just port that wallets tech into their platform.
Isn't Dark Wallet a CoinJoin implementation? The anonymity provided by CoinJoin is good (Darkcoin uses a version of it too) but I've read that it's not quite as robust as CryptoNote's ring signatures.
none of you even mentioned bitcoindark. Which I think has something going for it right now.
darkcoin is a scam imnsho, monero is a lame name that I will never use on principal. and the fact the users irritate the piss out of me with all their shilling.
darkcoin is a scam imnsho, monero is a lame name that I will never use on principal. and the fact the users irritate the piss out of me with all their shilling.
I admit I haven't really kept up with BTCD development these days. Although I do I remember the price exploded when jl777 adopted it. It seems to be trading at much more sensible levels now.
Because its overrated and majority doesn't care about it and those who care use cash.
If people "use cash" they will want to "use cash" online too. That is inevitable.
If you say people are comfortable with everything be tracked and traced that's one thing. But once you acknowledge the need for cash, the need for anon online has to be there too, for all the same reasons, and some others too.
I agree with the past few comments that it got ahead of itself and blown out of proportion by speculators.
Basically this:
http://en.wikipedia.org/wiki/Hype_cycle
Hmm... You're right. Using a bigger version of that chart, I labeled four points on it (minus the slope of enlightenment) as well as their corresponding points on the DRK price chart.
And here's the same chart for Monero:
The real anonymous crypto (not BTC-based and specially Cryptonote-based like Monero) are being suppressed by the media, both the mainstream media that propagates the fallacy Bitcoin is anonymous as by larges entities in the crypto world that sees them as a threat to their monopoly both financial and code-wise.
Other than Bitcoin and perhaps Litecoin and Dogecoin, all cryptos are ignored by the mainstream media so the fact that articles about Monero aren't being featured on CNN or the WSJ isn't surprising. The reason why the mainstream media calls Bitcoin anonymous rather than pseudonymous is probably because most people don't know what the latter means.
And as I mentioned previously, Bitcoin is probably "anonymous enough" for 99% of people.
Because most of them don't work or are just knock offs of bitcoin.
The CryptoNote coins (e.g. XMR and BCN) aren't based on Bitcoin. They do have problems with blockchain bloating though.
Because most of them don't work or are just knock offs of bitcoin.
egold was not decentralized, nor was Paypal. Duh, that is the whole innovation of Bitcoin in a nutshell. It has never been done before.
Yeah...but the old rules of history say that the more disruptive the technology, the longer it takes for it to be mainstreamed. Case in point: there were primitive televisions working in the late 1920s. AT&T was promising video calls c.1970 and even had a working test system with small teevees at that time. And - a nice one if you're a trivia buff - the first jet boat, the "Sea-Doo," was sold by Bombardier in the early 1970s. It was a gas hog, so it was wiped out by the oil crisis of 1973. The first one I saw was a rusty number in a private junkyard.
I know "disruptive" is a buzzword now, but tech innovations that are truly disruptive follow the old rule: ordinary folks need a lot of time to get used to them. Do you know what killed off AT&T's vidphone? Not the primitive technology. No, it was the client base - at the time, mostly housewives - who balked at the idea that the other person on the other end of the call would see them in their housecoats.
As far as I knew beforehand, the world record for invention -> innovation -> mainstreaming was the steam engine. The first one built, was built by Hero of Alexandria at the time Christ walked the earth....
...but as it turns out, ol' Hero was also responsible for the vending machine!
http://en.wikipedia.org/wiki/Hero_of_Alexandria
how are you going to pay for strippers during your business trip without your wife knowing?
certainly not with your bitcoin wallet you buy normally stuff with. mixing bitcoin (with possibly stolen coins) or trying to keep a hidden wallet is too much of a hassle.
this should fully answer OP's question.
just don't tell me you don't go to strip clubs - of course you don't.
certainly not with your bitcoin wallet you buy normally stuff with. mixing bitcoin (with possibly stolen coins) or trying to keep a hidden wallet is too much of a hassle.
this should fully answer OP's question.
just don't tell me you don't go to strip clubs - of course you don't.
Nobody goes to strip clubs, that's why the parklng lots are always empty and the strip club owners are broke.
how are you going to pay for strippers during your business trip without your wife knowing?
certainly not with your bitcoin wallet you buy normally stuff with. mixing bitcoin (with possibly stolen coins) or trying to keep a hidden wallet is too much of a hassle.
this should fully answer OP's question.
just don't tell me you don't go to strip clubs - of course you don't.
certainly not with your bitcoin wallet you buy normally stuff with. mixing bitcoin (with possibly stolen coins) or trying to keep a hidden wallet is too much of a hassle.
this should fully answer OP's question.
just don't tell me you don't go to strip clubs - of course you don't.
If you compare them to todays use of money, you see these anonymous coins, namely Darkcoin, being a replacement for cash. So yes, if you wanted to use cash for a transaction, you should use dark. When people don't care, bitcoin is fine for them. They should care, but they don't. No one should want every purchase traced back to them, I don't care if it is coffee, internet, or giftcards for Amazon. People are letting themselves be tracked more and more and they don't seem to care. People must fight for their freedom to have any.
Whatsapp is newer than Bitcoin and has 300 million users. Instagram is newer than Bitcoin and has 200 million users. Even on that website instagram people are making literal fortunes and it's not restricted to the people, unlike Bitcoin, who bought back in 2009. It is a better investment to devote time to instagram than bitcoin.
There's countless countless examples of things newer than Bitcoin which took off.
There's countless countless examples of things newer than Bitcoin which took off.
These are systems that operate within an established paradigm, all of them incremental improvements (?) over previous ones. You see much the same in other contexts. Facebook (not even the first social network) took around 2 years to grow to 10 million users and 4 years to grow to 100 million users, yet newer systems reach that milestone much faster.
Decentralized finance is a much bigger paradigm shift than yet another social network.
Wasn't talking about paradigm shifts and Bitcoin built on predecessors. There are recent estimates that eGold both had a bigger capitalization and userbase than Bitcoin and that was many years ago.
egold was not decentralized, nor was Paypal. Duh, that is the whole innovation of Bitcoin in a nutshell. It has never been done before.
Whatsapp is newer than Bitcoin and has 300 million users. Instagram is newer than Bitcoin and has 200 million users. Even on that website instagram people are making literal fortunes and it's not restricted to the people, unlike Bitcoin, who bought back in 2009. It is a better investment to devote time to instagram than bitcoin.
There's countless countless examples of things newer than Bitcoin which took off.
There's countless countless examples of things newer than Bitcoin which took off.
These are systems that operate within an established paradigm, all of them incremental improvements (?) over previous ones. You see much the same in other contexts. Facebook (not even the first social network) took around 2 years to grow to 10 million users and 4 years to grow to 100 million users, yet newer systems reach that milestone much faster.
Decentralized finance is a much bigger paradigm shift than yet another social network.
Wasn't talking about paradigm shifts and Bitcoin built on predecessors. There are recent estimates that eGold both had a bigger capitalization and userbase than Bitcoin and that was many years ago.
The idea of digital money and payments goes back to the 1990s and it did not stop PayPal from hitting 150 million users and a capitalization of $40 billion (their capitalization is calculated differently from Bitcoin. If PayPal was a store of wealth like BTC then PayPal would be $Trillions, after all they dominate internet payments!)
Whatsapp is newer than Bitcoin and has 300 million users. Instagram is newer than Bitcoin and has 200 million users. Even on that website instagram people are making literal fortunes and it's not restricted to the people, unlike Bitcoin, who bought back in 2009. It is a better investment to devote time to instagram than bitcoin.
There's countless countless examples of things newer than Bitcoin which took off.
There's countless countless examples of things newer than Bitcoin which took off.
These are systems that operate within an established paradigm, all of them incremental improvements (?) over previous ones. You see much the same in other contexts. Facebook (not even the first social network) took around 2 years to grow to 10 million users and 4 years to grow to 100 million users, yet newer systems reach that milestone much faster.
Decentralized finance is a much bigger paradigm shift than yet another social network.
No cryptocurrencies at all are in wide use. This is a small niche that does not appear to be getting much bigger. The average person does not have a clue about how to use or why to use crypto.
All objective metrics show it getting bigger, just at a fairly modest rate.
Your ears and nose get bigger as your age and some allege they continue growing after you die. Maybe Bitcoin continues to acquire more users but is otherwise a dead man walking. The Ottoman Empire of digital currencies, the sick man.
Whatsapp is newer than Bitcoin and has 300 million users. Instagram is newer than Bitcoin and has 200 million users. Even on that website instagram people are making literal fortunes and it's not restricted to the people, unlike Bitcoin, who bought back in 2009. It is a better investment to devote time to instagram than bitcoin.
There's countless countless examples of things newer than Bitcoin which took off. Bitcoin at 250,000 users over 6/7 years (an eternity in tech) has not taken off and perhaps never well. Did you know Jed McCaleb was going to get Wells Fargo into Bitcoin but that felled through due to Mt Gox and his association with it? That is, perhaps, the date of when Bitcoin died and nobody wants to acknowledge it.
http://www.coindesk.com/history-ripple-stellar-tell-all-report/
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