I'm trying to measure with this bake-off just the first one of 14 attributes of a good crypto. I understand it isn't measuring the best overall crypto. Please don't assume any crypto can't be the best based on present development or code review status. We each pick a favorite - but the more objective data, the better. And having a little fun, doesn't hurt, either.
IMO, here are 14 attributes that make a good crypto candidate trying to go mainstream:
- Has (or designed to have) the technical capacity to replace all fiat transactions (sustain 100K TPS) whenever needed.
- Is 100% decentralized. It can not be controlled except by the majority of the public.
- Has (or designed to have) a stable price and one's savings are safe from being devalued.
- Has (or plans to have) good marketing. Has cool characteristics that might appeal to billions.
- Is secure (supports 2FA, etc).
- Is easy (like a debit card).
- Is cheap to use (nearly free).
- Does not waste energy or resources.
- Is as private/anonymous as a user wants.
- Fair distribution opportunities - no insider advantage before nor after launch. Everyone is rewarded in proportion for the work performed and the money risked.
- Has endured long-running global tests.
- All code has undergone (and will continue to undergo) thorough code review (by trusted third parties) before going into production.
- Is well documented.
- Is flexible, modular, or has promise in helping society in new ways not yet invented.
Of course having the following additional attributes help - but impossible for new cryptos - takes time:
- Has a large network effect behind it - a large ecosystem - lots of merchants, infrastructure.
- Has proven security where years have gone by without a major core breach.
-cheers.