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Showing 2 of 2 results by Equilibriums
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Board Altcoin Discussion
Re: POLL - which coins are scams as defined in the OP?
by
Equilibriums
on 10/03/2016, 19:30:20 UTC
Bitcoin   - First real p2p currency without the middelman. Works fine, but have a governance issue combined with centralised mining etc.
Ethereum   - Promises to be the first p2p smart contracts provider without the middleman. Not quite there yet, but the team and support are strong.
Ripple   - p2p payments for the banks. Works fine.
Litecoin   - Safe haven coin for the bitcoin speculators. Works fine but due to no real innovation i dont see the difference from hundreds of others, only network effect.
MaidSafeCoin - Decentralized internet. I dont think thy are quite there yet, but the idea is interesting.
Dash            - Trying to be the best bitcoin. Allready has solved 0-conf problem with its instant-x tech, robust optional anonymity, rewarded full nodes, core integrated governance and budgeting system etc. All those previously mentioned things allready in working condition, not final but still working. Many great ideas and promises for the future release.
Factom   - First decentralised p2p fully transparent accounting system for businesses etc. i dont think they are quite there yet but again strong team and support.
Dogecoin   - First successful meme currency. Works fine, but lack of innovation and depends on litecoin network.
BitShares   - Decentralized Exchange. Many good ideas and a lot allready working.
Monero   - Trying to be the best anon currency based on CN. Due to heavy trolling from monero guys i am little bit biased but i think that their tech works fine. I am not completely sure about what they added to bytecoin code. They promise to be a lot, just that trolling part combined with opaque blockchain makes me ask many questions.
NEM           - They aim to creata a new economy based on the principles of decentralization, financial freedom, and equality of opportunity. I dont think they are quite there yet. Lots of promises.

I will continue afterwards if you want put the point is that many of those so called coins are really innovating and just that they are not quite there yet doesnt make them a scam.
Take these tokens as a shares of a future product, a decentralised p2p product.
Some will deliver, some will not, thats the way of life.
Post
Topic
Board Altcoin Discussion
Re: POLL - which coins are scams as defined in the OP?
by
Equilibriums
on 10/03/2016, 17:25:13 UTC
Hi all.

For some time i was blinded by the TPTB_need_war(Anonimynt etc.) technical blabbering and i really thought that he is here for the sake of good.
I have lurked here in the crypto forums for a couple of years now and i am convinced now that even though he knows what he is talking, his intentions are very self motivated.
Definition of scam here = the biggest competitor.
I would define all those so called altcoins as a cradle for innovation and those who are not innovating are the real scams.
No point of talking about distribution and knowing that the world beyond BCT forum at the grand scale of things are completely unaware of this technology etc.
For them(end user), we all could be defined as instaminers or scammers but i dont think thats the case.
If you belive in that blockchain technology, then it is your job to help, educate and expand the awareness, not mine the speculators behalf of other more successful and innovative projects.
In the end market will decide and i hope that people will see beyond those that shout the loudest!

Best regards,
Equilibriums