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>There are other cryptocurrencies that deserve attention but I won't mention them here so I don't look like a shill. Shit, I'd appreciate it if you named some.

by xor1 9y ago

>There are other cryptocurrencies that deserve attention but I won't mention them here so I don't look like a shill. Shit, I'd appreciate it if you named some. I'm actually planning on putting my entire next paycheck towards crypto. Currently eyeing Neo even though I apparently missed the boat by not buying it when it was called ant.

iDemonix 9y ago
I keep looking at Neo but not sure I've already missed out
- andirk 9y ago
  it's showing a little dip now as of writing, if that's what you wanted.
tradersam 9y ago
Litecoin is extremely undervalued. Ethereum has an incredibly bright future, Monero is an incredible tool for privacy. Check out bitfinex.com and start trading pairs there. They have a description under every currency that should help.
- panarky 9y ago
  It wasn't long ago that crypto prices on Bitfinex were quite a lot higher than other exchanges because you couldn't withdraw national currencies [0]. Are their banking issues all resolved now? Also, if you're domiciled in the US, Bitfinex won't even do business with you [1]. For US customers who what to be legal, Gemini seems pretty solid and verifies new accounts quickly, though they only support Bitcoin and Ethereum [2]. [0] https://www.coindesk.com/spreads-widen-bitcoin-exchanges-amid-bitfinex-banking-issues/ https://www.coindesk.com/spreads-widen-bitcoin-exchanges-ami... [1] https://www.bitfinex.com/posts/216 https://www.bitfinex.com/posts/216 [2] https://gemini.com/ https://gemini.com/
  - tradersam 9y ago
    I know this, but you can still use Bitfinex by depositing crypto and using a VPN. Not really "illegal". Gemini is great, but they are slow to verify and as you stated very limited on your trading pairs.
- acchow 9y ago
  > Litecoin is extremely undervalued. How did you decide this?
  - tradersam 9y ago
    It is faster that Bitcoin (~2.5min avg block time vs ~10min), has a vibrant community, and still very secure. Easier entry price, and you can spend $5 without a $3 fee, or any fee at all. It also already has SegWit and has for months.
    - Cthulhu_ 9y ago
      "Easier entry price" is a non-argument, it's always been known Bitcoin would become expensive and trading in single BTC would not be viable; that's why BTC and other cryptocurrencies are expressed in floating point numbers / Satoshis. You can buy 1 Litecoin or 0.01 Bitcoin (example), doesn't matter that much other than having a full number. But the investment price is the same.
    - acchow 9y ago
      Hopefully transaction fees will start to go down once off-chain transactions start becoming a thing.
Casseres 9y ago
I'll name one: Monero. It's not a fork of Bitcoin. It's based on CryptoNote. Unlike Bitcoin which is public and traceable, Monero's address balances are private and the transactions are not traceable. It is fairly mined (no premine or instamine). There's a lot of interesting tech/code behind it. Check out the Monero subreddit and/or start here: https://www.monero.how/ https://www.monero.how/ I learned about Monero when someone else mentioned it in a comment here on HN earlier this year. After doing my own research, I believe Monero was and still remains the best solution available to fulfill the requirements of a decentralized digital currency.
Temasik 9y ago
Read this until fully understood https://github.com/EOSIO/Documentation/blob/master/TechnicalWhitePaper.md https://github.com/EOSIO/Documentation/blob/master/Technical... And decide For investment only outlook Token Model and Resource Usage PLEASE NOTE: CRYPTOGRAPHIC TOKENS REFERRED TO IN THIS WHITE PAPER REFER TO CRYPTOGRAPHIC TOKENS ON A LAUNCHED BLOCKCHAIN THAT ADOPTS THE EOS.IO SOFTWARE. THEY DO NOT REFER TO THE ERC-20 COMPATIBLE TOKENS BEING DISTRIBUTED ON THE ETHEREUM BLOCKCHAIN IN CONNECTION WITH THE EOS TOKEN DISTRIBUTION. All blockchains are resource constrained and require a system to prevent abuse. With a blockchain that uses EOS.IO software, there are three broad classes of resources that are consumed by applications: Bandwidth and Log Storage (Disk); Computation and Computational Backlog (CPU); and State Storage (RAM). Bandwidth and computation have two components, instantaneous usage and long-term usage. A blockchain maintains a log of all messages and this log is ultimately stored and downloaded by all full nodes. With the log of messages it is possible to reconstruct the state of all applications. The computational debt is calculations that must be performed to regenerate state from the message log. If the computational debt grows too large then it becomes necessary to take snapshots of the blockchain's state and discard the blockchain's history. If computational debt grows too quickly then it may take 6 months to replay 1 year worth of transactions. It is critical, therefore, that the computational debt be carefully managed. Blockchain state storage is information that is accessible from application logic. It includes information such as order books and account balances. If the state is never read by the application then it should not be stored. For example, blog post content and comments are not read by application logic so they should not be stored in the blockchain's state. Meanwhile the existence of a post/comment, the number of votes, and other properties do get stored as part of the blockchain's state. Block producers publish their available capacity for bandwidth, computation, and state. The EOS.IO software allows each account to consume a percentage of the available capacity proportional to the amount of tokens held in a 3-day staking contract. For example, if a blockchain based on the EOS.IO software is launched and if an account holds 1% of the total tokens distributable pursuant to that blockchain, then that account has the potential to utilize 1% of the state storage capacity. Adopting the EOS.IO software on a launched blockchain means bandwidth and computational capacity are allocated on a fractional reserve basis because they are transient (unused capacity cannot be saved for future use). The algorithm used by EOS.IO software is similar to the algorithm used by Steem to rate-limit bandwidth usage.
HNNoLikey 9y ago
It feels like I've missed out on a ton of boats as well but someone pointed out to me a few days ago that three years from now it will feel like today's price was very cheap. If you think about it, cryptocurrency has a relatively minuscule market share compared to fiat. This can be tracked using the M1 rank, as per zero block app, bitcoin currently ranks at 41 with a market cap of 70B. The US dollar in US alone is about 3.5 trillion. One could try to hypothesize just how much of that will be translated into BTC or altcoins but it is obviously very difficult to predict the future in exact terms. It does however signal that cryptos are at a nascent stage. That said, there are still relatively young coins I'm really looking at investing in this week including NEO and Golem. I'm still trying to get more information on Golem because I think the idea of shared computing power globally is one of the most understated computing revolutions in our age. If anyone has any digestible information on the brass project (Golem), please point it out to me; I still find it a tad arcane. Other coins to watch/buy are welcome.

by xor1 9y ago

iDemonix 9y ago

I keep looking at Neo but not sure I've already missed out

andirk 9y ago
it's showing a little dip now as of writing, if that's what you wanted.

tradersam 9y ago

Litecoin is extremely undervalued. Ethereum has an incredibly bright future, Monero is an incredible tool for privacy. Check out bitfinex.com and start trading pairs there. They have a description under every currency that should help.

panarky 9y ago
It wasn't long ago that crypto prices on Bitfinex were quite a lot higher than other exchanges because you couldn't withdraw national currencies [0]. Are their banking issues all resolved now? Also, if you're domiciled in the US, Bitfinex won't even do business with you [1]. For US customers who what to be legal, Gemini seems pretty solid and verifies new accounts quickly, though they only support Bitcoin and Ethereum [2]. [0] https://www.coindesk.com/spreads-widen-bitcoin-exchanges-amid-bitfinex-banking-issues/ https://www.coindesk.com/spreads-widen-bitcoin-exchanges-ami... [1] https://www.bitfinex.com/posts/216 https://www.bitfinex.com/posts/216 [2] https://gemini.com/ https://gemini.com/
- tradersam 9y ago
  I know this, but you can still use Bitfinex by depositing crypto and using a VPN. Not really "illegal". Gemini is great, but they are slow to verify and as you stated very limited on your trading pairs.
acchow 9y ago
> Litecoin is extremely undervalued. How did you decide this?
- tradersam 9y ago
  It is faster that Bitcoin (~2.5min avg block time vs ~10min), has a vibrant community, and still very secure. Easier entry price, and you can spend $5 without a $3 fee, or any fee at all. It also already has SegWit and has for months.
  - Cthulhu_ 9y ago
    "Easier entry price" is a non-argument, it's always been known Bitcoin would become expensive and trading in single BTC would not be viable; that's why BTC and other cryptocurrencies are expressed in floating point numbers / Satoshis. You can buy 1 Litecoin or 0.01 Bitcoin (example), doesn't matter that much other than having a full number. But the investment price is the same.
  - acchow 9y ago
    Hopefully transaction fees will start to go down once off-chain transactions start becoming a thing.

Casseres 9y ago

I'll name one: Monero. It's not a fork of Bitcoin. It's based on CryptoNote. Unlike Bitcoin which is public and traceable, Monero's address balances are private and the transactions are not traceable. It is fairly mined (no premine or instamine). There's a lot of interesting tech/code behind it. Check out the Monero subreddit and/or start here: https://www.monero.how/ https://www.monero.how/ I learned about Monero when someone else mentioned it in a comment here on HN earlier this year. After doing my own research, I believe Monero was and still remains the best solution available to fulfill the requirements of a decentralized digital currency.

Temasik 9y ago

Read this until fully understood https://github.com/EOSIO/Documentation/blob/master/TechnicalWhitePaper.md https://github.com/EOSIO/Documentation/blob/master/Technical... And decide For investment only outlook Token Model and Resource Usage PLEASE NOTE: CRYPTOGRAPHIC TOKENS REFERRED TO IN THIS WHITE PAPER REFER TO CRYPTOGRAPHIC TOKENS ON A LAUNCHED BLOCKCHAIN THAT ADOPTS THE EOS.IO SOFTWARE. THEY DO NOT REFER TO THE ERC-20 COMPATIBLE TOKENS BEING DISTRIBUTED ON THE ETHEREUM BLOCKCHAIN IN CONNECTION WITH THE EOS TOKEN DISTRIBUTION. All blockchains are resource constrained and require a system to prevent abuse. With a blockchain that uses EOS.IO software, there are three broad classes of resources that are consumed by applications: Bandwidth and Log Storage (Disk); Computation and Computational Backlog (CPU); and State Storage (RAM). Bandwidth and computation have two components, instantaneous usage and long-term usage. A blockchain maintains a log of all messages and this log is ultimately stored and downloaded by all full nodes. With the log of messages it is possible to reconstruct the state of all applications. The computational debt is calculations that must be performed to regenerate state from the message log. If the computational debt grows too large then it becomes necessary to take snapshots of the blockchain's state and discard the blockchain's history. If computational debt grows too quickly then it may take 6 months to replay 1 year worth of transactions. It is critical, therefore, that the computational debt be carefully managed. Blockchain state storage is information that is accessible from application logic. It includes information such as order books and account balances. If the state is never read by the application then it should not be stored. For example, blog post content and comments are not read by application logic so they should not be stored in the blockchain's state. Meanwhile the existence of a post/comment, the number of votes, and other properties do get stored as part of the blockchain's state. Block producers publish their available capacity for bandwidth, computation, and state. The EOS.IO software allows each account to consume a percentage of the available capacity proportional to the amount of tokens held in a 3-day staking contract. For example, if a blockchain based on the EOS.IO software is launched and if an account holds 1% of the total tokens distributable pursuant to that blockchain, then that account has the potential to utilize 1% of the state storage capacity. Adopting the EOS.IO software on a launched blockchain means bandwidth and computational capacity are allocated on a fractional reserve basis because they are transient (unused capacity cannot be saved for future use). The algorithm used by EOS.IO software is similar to the algorithm used by Steem to rate-limit bandwidth usage.

HNNoLikey 9y ago

It feels like I've missed out on a ton of boats as well but someone pointed out to me a few days ago that three years from now it will feel like today's price was very cheap. If you think about it, cryptocurrency has a relatively minuscule market share compared to fiat. This can be tracked using the M1 rank, as per zero block app, bitcoin currently ranks at 41 with a market cap of 70B. The US dollar in US alone is about 3.5 trillion. One could try to hypothesize just how much of that will be translated into BTC or altcoins but it is obviously very difficult to predict the future in exact terms. It does however signal that cryptos are at a nascent stage. That said, there are still relatively young coins I'm really looking at investing in this week including NEO and Golem. I'm still trying to get more information on Golem because I think the idea of shared computing power globally is one of the most understated computing revolutions in our age. If anyone has any digestible information on the brass project (Golem), please point it out to me; I still find it a tad arcane. Other coins to watch/buy are welcome.