Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
BlockChains
on 11/07/2014, 16:07:17 UTC
Quote from: ofeefee on July 11, 2014, 03:58:04 PM
Quote from: ARGpentem on July 11, 2014, 01:02:19 PM
Quote from: rpietila on July 11, 2014, 12:55:17 PM
From now on, only the following coins may be mentioned in the thread:


BTC -> classic blockchain coin - POW, store of value.
XMR -> privacy enhanced coin - cryptonote approach
NXT  -> second gen. coin, multi feature coin - Proof of stake
FLT  -> not sure standard first ge. POW coin ?
BBR -> privacy enhanced coin - cryptonote approach
NEM -> second gen. coin, multi feature coin - Proof of importance
XCurrency -> privacy enhanced coin. Xnodes - coinjoin approach
Maidsafe -> unique, not a blockchain based coin, platform
Skycoin -> unique, unsure what it is
Siacoin -> storage coin, similar to company shares


Discussion of the other coins belongs to other threads.




I made a short note for each coin.

FLT  -> not sure standard first ge. POW coin ?

FLT - Proof of Work, Proof of Stake, Proof of Transaction (only coin with this feature)

The fact that FLT made it into this thread is a troll joke. This is one of the worst "features" to ever be added to an alt as all it does is incentivize bloat and unnecessary transactions. If the coin was ever actually worth something then it would make sense to just set up bots with auto generated addresses that just move coins around my addresses thousands of times a day to try to get new coins from the PoT. Even if it was time locked and you could only earn PoT after coins sat in a wallet for say 24hrs it still encourages bloat because of unnecessary transactions every 24 hours at that point. Slower than unlimited transactions but still unnecessary bloat that doesn't scale.