Why are no anonymous altcoins being widely utilized? - page 3.

smooth

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Quote from: autodiv on March 08, 2015, 07:44:28 AM

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.

autodiv

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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.

TaunSew

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Bitcoin hasn't been adopted in general - only 250,000 users (addresses are not people).

If you really want to make the Bitcoin evangelicals moody then point out that many alternates have a capitalization and userbase which took Bitcoin years to attain. Cheesy

tspacepilot

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I may write code in exchange for bitcoins.

Quote from: c789 on March 06, 2015, 12:29:00 AM

It seems like there is a big demand for anonymity, and not just for nefarious purposes. The altcoins which offer anonymity, ranging from Anoncoin to the CryptoNote coins, have never really taken off. The ability to make anonymous transactions with any number of altcoins is available, but nobody seems to be using them on a sizable scale.

So, why do no altcoins which feature anonymity have a price over 10 USD? And why are they not more widely utilized? And please, let's not turn this into another "why X altcoin is better than Y altcoin" thread: I would just like to know why none of them have been widely utilized.

Disclosure: I have a handful of each of the CryptoNote coins and Anoncoins, but mainly use/invest in BTC.

Thanks for your opinions.

I think one of the main issues is that altcoins aren't being adopted in general. I mean sure, there are a few which have found some niche (doge on reddit, ltc has some uses). But in general there aren't too many people using cryptos and of those who do use cryptos like 99% of are using BTC. Then there's the questions about the conditions of some of these "innovative" alts which are areally just premined pump-n-dumps. I think that's my best answer to your question.

d0om

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Why? Laws vary greatly from nation to nation... and not all of them are reasonable.

nachoig

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Quote from: smooth on March 07, 2015, 05:17:06 AM

If people "use cash" they will want to "use cash" online too. That is inevitable.

This phrase is the perfect synthetization of the reason why I'm interested in cryptocurrencies. Much thanks, I wouldn't be capable of syntethize this in one simple phrase.

On-topic: I think anonymous altcoins are still something new. The majority of these coins haven't completed 1 year yet.

smooth

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Quote from: stonehedge on March 07, 2015, 09:25:36 AM

Quote from: smooth on March 07, 2015, 05:17:06 AM

Quote from: BitcoiNaked on March 06, 2015, 03:37:13 PM

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

That graph looks eerily like DRK over the last year...massive pump before we'd even finished any features!

Yes that is the whole point and it looks like a graph of all of the "anonymous coins" that were around back then and are still around. Arguably it looks like Bitcoin too going back about 18 months or so.

hack_

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stonehedge

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Decentralize Everything

Quote from: smooth on March 07, 2015, 05:17:06 AM

Quote from: BitcoiNaked on March 06, 2015, 03:37:13 PM

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

That graph looks eerily like DRK over the last year...massive pump before we'd even finished any features!

Sir Alpha_goy

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.

ffmad

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anonymity IS required on the blockchain

why ?

As you may know (or maybe not), companies like IBM & Samsung are making an Internet of Things working with blockchain (in their case, they use an Ethereum fork https://www.youtube.com/watch?v=U1XOPIqyP7A)

Imagine in some years when every connected object use the blockchain, do people really want to have all their data visible by everyone ?

The answer is obviously ... No. That's why we need a shadow/dark blockchain, something to protect our privacy in the fully connected world that is ahead.

Maybe the shadow blockchain use is not so big at the moment, but in the future it will be only more and more useful

child_harold

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Its just a matter of time before they are…
Shadows lengthening…

Quote from: GTO911 on March 06, 2015, 08:11:30 AM

Quote from: rustynailer on March 06, 2015, 06:39:49 AM

Only 2 coins?

Yes, there are dozens of anon shitcoins too. Research yourself carefully.

He did.

smooth

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Quote from: BitcoiNaked on March 06, 2015, 03:37:13 PM

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

Lorenzo

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Quote from: c789 on March 06, 2015, 12:29:00 AM

It seems like there is a big demand for anonymity, and not just for nefarious purposes. The altcoins which offer anonymity, ranging from Anoncoin to the CryptoNote coins, have never really taken off. The ability to make anonymous transactions with any number of altcoins is available, but nobody seems to be using them on a sizable scale.

So, why do no altcoins which feature anonymity have a price over 10 USD? And why are they not more widely utilized? And please, let's not turn this into another "why X altcoin is better than Y altcoin" thread: I would just like to know why none of them have been widely utilized.

Disclosure: I have a handful of each of the CryptoNote coins and Anoncoins, but mainly use/invest in BTC.

Thanks for your opinions.

Anonymity was a fad. Not a pure fad like the animal coins or the country coins since it did have an actual real-world use that Bitcoin hasn't quite yet mastered as well as an active userbase that found such features useful but speculators blew it out of proportion compared to the actual demand that existed at the time. For 99% of people, Bitcoin is "anonymous enough" and this percentage rises further once mixers and tech like Dark Wallet are taken into account. Yet Darkcoin's market cap rose from $2.5 million to $65 million in 50 days. Monero's market cap sextupled in the same time. That sort of trend is unsustainable. There will be a time when their market caps rise again but the initial craze was unsustainable.

Also you're missing Darkcoin - which has been the most successful anonymous coin. Monero is actually the more anonymous coin however, although the CryptoNote protocol that it uses has a few problems of its own as well.

iCEBREAKER

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Quote from: c789 on March 06, 2015, 12:29:00 AM

So, why do no altcoins which feature anonymity have a price over 10 USD? And why are they not more widely utilized?

Good question. The answer is:

Darkcoin's early boom and bust, driven by erratic hype rather than crypto tech, set back the entire sector.

Nobody but a fanboy is going to trust delicate compromised layers of unproven 'Masternodes' to keep them out of jail or otherwise safe from the JBTs.

The anon sector is healing from the damage done by DRK, as it awaits Monero to be Ready^TM.

Darkmarkets and other privacy-sensitive entities will jump on XMR's train when the fiat exchange, database, GUI, emission halving, and multisig are done.

BitcoiNaked

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Because its overrated and majority doesn't care about it and those who care use cash.

drm

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I think anon tech is good to have in this day and age tbh.

Quote from: BCwinning on March 06, 2015, 03:28:48 PM

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.

teleport is underrated imo. btcd and all supernet core coins vrc/opal/bbr etc will have amazing anon tech.

BCwinning

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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.

Piston Honda

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Juicin' crypto

because it's overhyped, useless (for the MOST part, but not entirely) and associated with the 'dark or negative' side of crypto and bitcoin. not to mention many "devs" who try to make anon coins happen are doing a poor job of it (except maybe Darkcoin), and even then real world/mass adoption will be difficult to attain.

you want a coin/coins that are going to actually take off? stick to anything that has mass market, mainstream appeal that has no 'dark side' connection. coins that target real world business use are probably great bets, along with your usual mainstream type directed coins for "real world everyday people" usage kinda thing.

MisO69

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Quote from: GTO911 on March 06, 2015, 09:53:23 AM

Quote from: ?? on ??

Quote from: monsterer on March 06, 2015, 03:18:20 AM

Bitshares is anonymous, and is ranked no. 4 on coinmarketcap.

This !

Yes, if someone is interested in premined coins

Bitshares is not premined. It was mined as protoshares and then the wealth was transfered to bitshares along with their crowdfunded angelshares.

Topic: Why are no anonymous altcoins being widely utilized? - page 3. (Read 5352 times)