Interesting article kaltoro, You’ve added interesting criteria beyond my own. Here are some I use, but note I only aim for a decentralized cryptocurrency that is censorship resistant and deflationary and anonymous- some tokens are very useful for other purposes such as smart contracts : all code should be open source, the coin should have a blockchain and anyone should be able to run a full node at home, there should be a limit on circulation (BTC limit is 21 million) the coin should not be premined (which is why I like Rhett Creighton’s zclassic idea over zcash and of course I look forward to getting bprivate), and I don’t do ICOs. Last of all, it’s an obvious criteria but a couple years ago lots of people were scammed: it should not be an MLM token. Now Reddcoin May be a very good token, based on what you described. For now, I am focused on accumulating more BTC and LTC. Ethereum has no limit but I own some because of smart contracts. I forgive some of its ICO nature so I am a hypocrite that way. I agree on Monero and own some, but like you say, BTC might steal its use case some day, like when atomic swaps are built into phone apps.
RE: How to Choose a New Crypto
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How to Choose a New Crypto
Excellent points all around. I cannot argue with your emphasis on decentralized-only coins, and any die hard crypto enthusiast should tell you the same thing.
I was careful to not endorse Reddcoin outright, but use it rather as a cautionary example of bad community feedback. Truth be told I do own some, so the lack of communication on the devs affected me personally.
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I forgot to ask, what are the main coins you are focusing on at the moment besides BTC and LTC?
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I have to say ethereum, because that is the third token I’ve been buying the last twelve months. I own Monero. And have BTG. You know my real name, by the way. I’ll pm you. I haven’t ever bought Bcash or BTG or bitcoin rhodium. Sold all my Bcash for BTG in December at the spike.
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