Quote from: mindphuq on July 03, 2019, 08:56:53 PM

Quote from: helpix.world on July 03, 2019, 07:44:46 AM

Quote from: mindphuq on July 02, 2019, 09:22:36 PM

As it is now, no one can make Bitcoin obsolete and especially decentralized coins often have the problem, that there's no company behind it. The thing that is good for decentralisation also makes coin development slow and maket share low since an open community often has no roadmap, no investment plans and development is done by volunteers that often get nothing for their work.

That proves that centralized model is superior to the decentralized one. :-p

Yeah that's probably true, sadly. But for a small project it's certainly hard to get things up and running. I worked a little with Blackcoin and the team did a few things like implementing Colored Coins, Atomic Swaps where put in over night ect but none of that ever really took off because it's hard to get the attention about implementations when you are at the rank 300 and lower on CMC and have a small team.

I think the ICO hype caused alot of harm to the crypto community. Coins that collected millions with ICOs where either scammers or where able to actually pay developers and marketing teams and soon nothing went when you didn't create a huge fuzz about it, paid exchanges and coin sites to pitch the coin and appeared on cons. I guess a few developers of decentralized coins went frustrated when ICO coins passed them with huge fuzz and left community projects in the dust.

I think that in the long term the truly decentralized currencies will win. By other hand all those private coins that are the majority out there are just another kind of thing and even if they advertise a lot sooner or later people will begin to understand the difference. As I said above maybe a community of decentralized coins should be created in order to solve the issues you mentioned together.

Quote from: mindphuq on July 03, 2019, 08:56:53 PM

Quote from: helpix.world on July 03, 2019, 07:44:46 AM

Thank you for your suggestion. Pandacoin has had a fair launch as far as I understand. It doesn't fit into 1 BTC/day trading volume criteria but I'll put it in the list of the small coins I'm about to create.

The launch was originally like Dogecoin, somewhat of a troll but they created a working coin out of it, got from PoW to PoS and they are still active and try to do stuff.

Sorry, I didn't pay attention to the 1BTC/day trading limit however I also suspect, that many volumes are actually fake because it's so easy for exchanges to artificial pump up volumes with next to no effort. https://www.forbes.com/sites/cbovaird/2019/03/22/95-of-reported-bitcoin-trading-volume-is-fake-says-bitwise/ So I don't know how informative volumes are at all. And in turn it spoils the validity of CMC rankings which in turn influences investors since it's one of the first addresses to look at coin performance data. Of course that won't help the volume of PND either.

It certainly would be great when exchanges wheren't centralized companies, that have a motivation to puff up maket data to attract traders. And it's actually somewhat daft, that we use decentralized currencies but then depend on centralized exchanges.

I agree that volumes are often being faked but of course one can't fake a lower volume.