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I believe that 98% of the roughly 1400 coins listed on coinmarketcap will come to a bad ending, because the vast majority cannot has no good enough reason to ex

by tromp 9y ago

I believe that 98% of the roughly 1400 coins listed on coinmarketcap will come to a bad ending, because the vast majority cannot has no good enough reason to exist. That includes all bitcoin clones with a few parameters tweaked and a different hash flavor of the hashcash PoW. Bitcoin continues to evolve, and will find more use cases with 2nd layer scaling solutions like Lightning. Ethereum continues to experiment with proof of stake and sharding solutions. Both will explore ways to increase privacy, hopefully in ways that do not impair scaleability. Those two are the only ones I am reasonably sure will still list near the top, 10 years from now.

sfifs 9y ago
You're betting around 30 will survive? What would be the reason for survival of so many?
- saosebastiao 9y ago
  If I'm an american and want to buy something in china, I need to pay renminbi. Typically this happens via some proxy financial institution, who will process the transaction through the various distributed global currency markets. The same could be true in the future of crypto, although national borders may not be the defining trait, but rather the relative properties of a currency and preferences of the sender or recipient. There are enough nuances between crytpocurrencies that there is room for more than a handful.
- tromp 9y ago
  Many coin founders profit handsomely from their creation, often holding an obscene fraction of coins, or in some cases, gaining ever more through certain gimmicks. They can afford to heavily market their coin and fund further development, even if of technically questionable nature.
- realusername 9y ago
  There's a lot of truly revolutionary ideas with some of them, the currency aspect is only the absolute top of the iceberg. I could clearly see 20 to 30 ones which are not just cheap copies of other ones.
bluedevil2k 9y ago
> I am reasonably sure will still list near the top, 10 years from now. There's no reason involved here, you're just guessing.
wyldfire 9y ago
> That includes all bitcoin clones with a few parameters tweaked and a different hash flavor of the hashcash PoW. Different coins' hash algos are a good hedge against weaknesses in SHA256. I would think that we'd have found the weakness by now, but who knows?
thesmallestcat 9y ago
> cannot has no good enough SyntaxError. What are you saying here?
- AnimalMuppet 9y ago
  That sounds like a non-native English speaker. But I think the meaning of the sentence is plain enough to figure out if you make even a tiny attempt to do so. It sound like you are mocking someone's bad English rather than really confused. That's not cool. Please don't do that here. If you really are confused, re-read (expecting somewhat mangled English from a non-native), and it should become clear.
  - thesmallestcat 9y ago
    Not at all! The rest of it is fine and I thought it was the writing of a native English speaker. I think you're being a bit uncharitbale, I was confused about that part, it made my brain bork out.

by tromp 9y ago

sfifs 9y ago

You're betting around 30 will survive? What would be the reason for survival of so many?

saosebastiao 9y ago
If I'm an american and want to buy something in china, I need to pay renminbi. Typically this happens via some proxy financial institution, who will process the transaction through the various distributed global currency markets. The same could be true in the future of crypto, although national borders may not be the defining trait, but rather the relative properties of a currency and preferences of the sender or recipient. There are enough nuances between crytpocurrencies that there is room for more than a handful.
tromp 9y ago
Many coin founders profit handsomely from their creation, often holding an obscene fraction of coins, or in some cases, gaining ever more through certain gimmicks. They can afford to heavily market their coin and fund further development, even if of technically questionable nature.
realusername 9y ago
There's a lot of truly revolutionary ideas with some of them, the currency aspect is only the absolute top of the iceberg. I could clearly see 20 to 30 ones which are not just cheap copies of other ones.

bluedevil2k 9y ago

> I am reasonably sure will still list near the top, 10 years from now. There's no reason involved here, you're just guessing.

wyldfire 9y ago

> That includes all bitcoin clones with a few parameters tweaked and a different hash flavor of the hashcash PoW. Different coins' hash algos are a good hedge against weaknesses in SHA256. I would think that we'd have found the weakness by now, but who knows?

thesmallestcat 9y ago

> cannot has no good enough SyntaxError. What are you saying here?

AnimalMuppet 9y ago
That sounds like a non-native English speaker. But I think the meaning of the sentence is plain enough to figure out if you make even a tiny attempt to do so. It sound like you are mocking someone's bad English rather than really confused. That's not cool. Please don't do that here. If you really are confused, re-read (expecting somewhat mangled English from a non-native), and it should become clear.
- thesmallestcat 9y ago
  Not at all! The rest of it is fine and I thought it was the writing of a native English speaker. I think you're being a bit uncharitbale, I was confused about that part, it made my brain bork out.