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  1. #1
    Breakout Affiliates is offline Restricted Account
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    Default Most interesting alt coin

    Does anybody have a coin that they're so blown away by? If it's not a scam, I think Siacoin is insane.

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    Apart from BTC and ETH, I currently have most invested in ETN and MCO (I think these are 2 undervalued coins), also a decent amount in NEO. I think NEO could end up the number 3 behind BTC and ETH.

    So the coin I like tech wise would be NEO. But Im def no expert, but don't think anyone is yet.
    New project in Crypto: CryptoCurrencyExchanges.net

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    tg12345 is offline Private Member
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    TRX simply because I have a pile of it.

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    Hold onto your TRX because .. TRON’s First Beta Version — Exodus Will Be Launched on March 31

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    I'm pretty sure much of this alt-coin mania is going to end badly.

    I've yet to see a project actually describing why an alt-token should increase in value, and how their eco-system remains viable for apps if the token is priced as $xx, $xxx or more. Basically a high token price means running the apps becomes too expensive when compared to non-tokenised platforms.

    Many of these small projects are market-capped in the hundreds of millions or billions simply because they use a block-chain.
    Do you really see that value? I don't.

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    PlayHunter is offline Public Member
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    I see a good comparison between BSD and Dash. So I'd say anyone who is into DASH, take a closer look at BSD. There are even some videos about this !
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    Voids is offline Private Member
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    I quite like NAV

    Its fast & can process around 1000 transaction/second
    Minimal Fees
    5% (soon to be 4%) staking rewards per year
    Optional private transactions
    Easy to use (android pay app with apple pay app coming out soon)
    Inflationary (So can be used as a currency)
    Stable price (around $3)

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    PlayHunter is offline Public Member
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    Quote Originally Posted by Voids View Post
    I quite like NAV

    ...

    Stable price (around $3)
    Promising ? I don't know, maybe.
    Stable ? That really made me smile
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    Voids is offline Private Member
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    Quote Originally Posted by PlayHunter View Post
    Promising ? I don't know, maybe.
    Stable ? That really made me smile
    Stableish haha (for Crypto anyway)

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    PlayHunter is offline Public Member
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    Now seriously, the only stable crypto I know is Tether (USDT). Everything else is wild and crazy wild !
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    But if you checked the latest news about Tether, you could see that it can be a scam also. Nobody knows if they really have the money behind the Tehter.

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    I think if people had more of an intention to hold longterm there would be less scams

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    Quote Originally Posted by Breakout Affiliates View Post
    I think if people had more of an intention to hold longterm there would be less scams
    Why would you hold long term? I see no value to end-users yet in any of these coins - other than buy at a low price and sell at a higher price.

    Bitcoin and Litecoin are simple first gen tokens as stores of value, while Ethereum appears to be a valuable ICO environment for more tokens, but useful dapps seem non-existent (I am not going to count Crypto-kitties as a useful dapp).

    However, I can understand those three.

    XRP has potential as a money moving token - although only ONE institution is actually using XRP - the rest are just trialling the Ripple (company) service without XRP.

    But what else?

    Is there ANY OTHER altcoin, that ANYONE has actually used for it's project purposes?
    Is there a single thing I can actually use the tokens for?


    Please share as I would love to hear about projects succeeding and completing.
    Last edited by TheGooner; 14 February 2018 at 3:10 pm. Reason: MORE :

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    Quote Originally Posted by Speedbet View Post
    But if you checked the latest news about Tether, you could see that it can be a scam also. Nobody knows if they really have the money behind the Tehter.
    Yeah, something weird is going on there with USDT !
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  18. #16
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    While not exactly along the lines of what folks think about in terms of "alt coins" I thought this was an interesting side project of the use of the technology.

    Kodak has a coin.
    https://www.kodak.com/kodakone/default.htm
    https://www.thesun.co.uk/money/53087...kodak-how-buy/

    My guess is there will not be a huge volatility behind it, nor will the value grow by huge amounts, but it may be interesting to watch how they incorporate it's use, and how much just the fact that they were willing to jump in at this stage with an offering, how well it may or may not help their brand, and the introduction and expanding of digital products and services.

    Rick
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  20. #17
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    Good point Rick - it is an interesting proposal from an experienced mainstream company.

    I've read some of Kodak's idea around a blockchain to provide image rights and photographer validity and it makes great sense to have a public ledger of digital rights that could easily be increased to other digital works too.

    However, I've not seen any description of how the blockchain record could be used to actually police the process or actually give rights ownership to licensees. So it's a good concept - but hardly even a fully formed thought process at the moment.

    And, once again, I've seen absolutely NO writing about how holding a Kodak token will be required, how the token will be used and whether it will be partially consumed during the process, other than saying people might be paid with it ... (I'll take the cash thanks).

    Basically the Kodak coin is not really relevant to the blockchain rights idea at present (but of course you need addresses and unique tokens), and there doesn't seem to be any reason why the Kodak coin would be considered rare or go up in value.

    And (as I mentioned above) if the coin price does rise then the functionality of the blockchain ledger as a process will become too expensive. I'm just missing where business and finance comes and fits usefully into these ledger ideas and goes from proof of concept to self-sustaining real world thing.

  21. #18
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    You make good points Gooner. I wonder if Kodak has created bots to crawl the ledger and create specific reports etc, and if so, like you mentioned, how can they integrate that into helping them track said images etc...licensing, violations of the license etc.? (maybe images will each have their own address, but even if so, what good is it)

    I have seen many different ideas and articles on using it to track other industries etc (some of which we discussed many months ago in a few of our PM exchanges)...but like you said concepts that never seemed to get anywhere.

    I too have trouble grasping what other industries or niches (beyond financial) that will find good uses of the technologies or coins, but who knows, maybe some aspects we just are not thinking about.

    As to other alts doing well, unless someone creates one and finds a way to accept it in place of other currencies or methods of payments, I think many of them will just be fads...

    Rick
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  23. #19
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    I thought the Kodak coin was run by a third party that is licensing Kodak's name to give itself some credibility. I don't think it has anything to do with Kodak itself.

    Power Ledger (POWR) is the one and only alt coin I have seen that does anything remotely useful right now. It is part of an electricity trading scheme being developed in Australia for people who own solar panels - i.e. to allow trade of excess power between neighbours without a middleman and at a better rate than the pittance the retailers here pay you in feed-in tariffs. It has received federal government funding and has demonstrated real world application, not just white paper vapourware.

    However I've not seen a good explanation of why a specialised POWR token is necessary at all, aside from raising funds for the company of course, and how its value would be determined. The electricity trading will be performed using a separate token they call sparkz which will be pegged to local currencies - eg 1 sparkz = $1. But I think participants in the system will need to buy POWR tokens first to buy sparkz. So it stands to reason that if sparkz are pegged to local currencies and you need POWR to buy sparkz then indirectly POWR could end up being pegged to the price of electricity too. On the other hand another use for a POWR token as I understand it is what they call "asset germination events" which is buzzword-bingo speak for buying a share of renewable energy assets like a solar plant or wind farm and earning passive income from that asset in proportion to your shareholding.

    I don't own any POWR and never have.

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  25. #20
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    You are correct about the kodakcoin being licensed by kodak, the third party site is https://kodakcoin.com/

    After having read through the about etc....they talk about how the blockchain with help photographers and image rights holders to protect their images, how licenses will be registered in the blockchain, but they do not go into a lot of of detail how this will actually protect the rights holder.

    I had not heard of the POWR previously, but I agree it seems to be a bit confusing to see how this can necessary or helpful.

    This appears to be their parent site
    https://powerledger.io/

    A little bit of explanation here (artile dated December 2017)
    https://oracletimes.com/why-power-le...a-top-10-coin/

    Rick
    Universal4

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