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anarchovegan
replied 2188d
Heard of Skycoin?
replied 2188d
I personally will only buy a mined coin. Non-mined coins can be printed endlessly until the earth goes flat. Oh wait some people already think the earth is flat.
anarchovegan
replied 2188d
There is no mining with Skycoin.
replied 2188d
Honestly, POW coins have BARELY proven themselves and they've been out 10 years. I don't think non-POW coins deserve the same level of trust yet.
anarchovegan
replied 2188d
What level of trust?
replied 2188d
That it can't be hacked/money stolen/that it works/that its economic model is solid. There are a lot of assumptions that btc gave us that these newer projects haven't proven themselves
anarchovegan
replied 2188d
PoW has a tendency for centralization via 51% attack, which is why eventually we might not be using BCH, as it shares this flaw with BTC, for memo.cash.

If that's your heuristic, gl.
replied 2188d
That centralization is fine because 51% is not really a big deal. Still censorship free, all old txs untouchable. That alone is worlds better than legacy.
replied 2188d
Yep, that's why I wouldn't buy it.
anarchovegan
replied 2188d
Ok :)
replied 2188d
So many coins... I think we need a technological solution to analyze coins against one another in a scientific way. How about a blockchain for this purpose? Let's call it #Coincoin.
replied 2188d
It's a wonderful idea, but I think they chew to much, they will choke on the execution (time). The idea itself will happen in some way or another soon though, with or without Bitcoin.
replied 2188d
I was thinking of just analyzing the features, cryptography, math and so on, not live performance.
You probably don't need a blockchain for this.
replied 2188d
Yep so many coins. Either the entire crypto market will come crashing down to 0, or a few select coins will survive. Only time will tell.
anarchovegan
replied 2188d
Skycoin enables making custom blockchains, so they've got that covered. Like going from books handwritten for kings, to the printing press.
replied 2188d
"Web 3.0" and proprietary hardware makes me suspicious. Impossible to tell whether there are some good ideas in all the new coins coming out, and whether those ideas will work.
anarchovegan
replied 2188d
Impossible? No. Hard work? Yes.
White papers, interviews, thinking, and using. What, after all, made BTC so popular? Easy to use! Initially.
replied 2188d
How many of the 5000 or so coins in existence have you analyzed or used, even superficially?
anarchovegan
replied 2188d
Not many. Perhaps you mean Impractical. I only contend that it's Impossible. Skycoin's match with fractals is why I was interested in it to begin with. Not many catch my eye.