Quote from: drawingthesun on May 26, 2014, 12:18:42 PM

What other coin are you talking about from the first generation that had a lot of innovation?

Just the few interesting current alt features, that in my opinion bring something something useful to the table:

Privacy/Anonymity
Node upkeep incentive
Blockchain voting (MMC2)

I see one big niche, one must have and one small niche.
OP is certainly right in one part - at the end of the day, there's only space for alts which offer something interesting and useful.
Trying to solve a problem is usually much more productive than doing something for the sake of it (although some great things can happen by an accident).

Quote from: drawingthesun on May 26, 2014, 12:18:42 PM

Quote from: luke997 on May 26, 2014, 11:58:12 AM

I understand OP is a busy man, but this is biased and [EDIT - missing "not"] researched properly.

Quote from: rpietila on May 25, 2014, 06:02:40 AM

The classical altcoins do not offer anything relative to Bitcoin, except maybe a different hashing algorithm. An important thing to remember is that there is no long-term market niche for two coins with the same algo. The hashing power of the larger coin is constantly threatening to destroy the smaller one. Even if that does not happen, there are network effects in play that favor the larger coin and suppress the smaller.

There's at least several features in few of the alts which offer something interesting that Bitcoin is lacking.
However you look at it, if there is an interesting feature worth exploring and further development - that's what should be done, from many angles - first rule of progress in any technology.
There's more, but I just stopped on this.
Nothing to be taken away from Bitcoin - it is and it'll be cryptographic currencies king for some years to come, but progress has to be made.

His point was that some of the new generation alternative coins are offering quite a bit more than Bitcoin (Monero) whereas the old first generation alt's offered very little in the way of innovation.

I don't think Cryptonote classifies (Bytecoin specifically - from which Monero has been forked) as 2.0 - beside, first the Cryptonote developers need to solve blokchain bloat issue.
2.0 would be Zerocash, NEM and few other maybe.