Post
Topic
Board Announcements (Altcoins)
Re: [ANN][EXCHANGE] Exco.in - Innovative Cryptocurrency Exchange
by
Pastafarian
on 05/01/2015, 06:16:46 UTC
Though I can't say for certain which coin may or may not be at the top in the long term, I believe that BTC will remain there for some time. This is simply because if you asked the average person about any coin ever created, the only one that they will likely be familiar with is BTC (maybe LTC).

It is really hard to say for certain, my main point with that section was that you should not assume my position.


I disagree with your notion about what defines a crypto's value because there have already been feature-rich coins that have failed to gain success because of the fundamentals of any currency, mass adoption and utility.

This is a straw man, I never made the claim that coins should be feature rich. We have already published articles how many of the features people add to the the specification client are completely unnecessary and have nothing to do with the underlying protocol. These additional features absolutely do not justify their own blockchain.

Nearly all new cryptocurrency developers are either naive or are actively misleading their communities by marketing their wallet features as unique to their brand of cryptocurrency and associated blockchain.

These developers are ignoring the fact that their wallets' features could be applied to virtually any cryptocurrency fork because they are not making any changes to the protocol. Very few of these new wallet additions have affected the underlying protocol running the cryptocurrency, or the changes to the protocol could have been better achieved as an abstraction above the protocol.

What we are seeing in the cryptocurrency ecosystem is equivalent to developers forking the TCP/IP protocol every time a new website is created. We do not fork the TCP/IP protocol to make a new website, or fork BitTorrent to create a new client, and we do not need a new fork of the proof-of-stake protocol to make new wallet software.

The result of this behavior is a fracturing of the cryptocurrency community: Features that should have been open source and widely available across all cryptocurrency protocols are being used to create pump and dump coins with short lifespans and myopic goals.

- https://blackwavelabs.com

We wrote a long article on this and how we choose coins on our site (https://blackwavelabs.com), which if you were honestly interested in being featured on our service you should read.

I do believe, however, that there are features that bring value to a coin and we at STV are open to implementing anything that our community desires. As much as I would like to share what STV has in store though, I must simply withhold this information for the meanwhile to protect our community and ideas from our competition.

I wish you the best of luck with your exchange because there is a lot of room all of us to grow together!

I asked what features, my question was: "What is your "dedicated" developer doing? What changes have they made to the leading cryptocurrency protocols?".

The fact that you believe your ideas are more important and should be kept like an asset rather than openly discussing them and implementing them before the release of your software is a great example of what we feel is wrong about the current state of the altcryptocurrency ecosystem.

It seems as if we have a stark difference in opinion and I do not want to waste anyone's time (including my own), so I will see myself out of this conversation so I can continue working on STV. While we must withhold some information for now (we have many competitors that would consider our ideas an asset), we do intend to prove ourselves to you and anybody else on this thread.