Talk:Comparison of cryptocurrencies

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The order / grouping of these coins are still TBD.

suggestion not to include market cap

market cap changes too often, no point in adding that data to the wiki. Can just link to coinmarketcap or whatever. Nanotube (talk) 22:44, 7 April 2014 (UTC)

Ripper234 proposes a grouping of Major, Minor and New by an arbitrary market cap limit. This can be done once the market caps of the alts are known.

  • Using market cap will make Tonal Bitcoin a "Major" despite de facto minor usage. Therefore, I suggest finding a different method of categorizing. --Luke-jr (talk) 05:06, 4 March 2013 (GMT)
    • I have removed all market cap values. Nevertheless, I have ordered the list in two groups: Top 10 by market cap (according to http://coinmarketcap.com/), and the rest ordered alphabetical. I think that this is the best compromise. The "new" category was so old as to be laughable, as every day there are new coins being created. I don't think that it is in our best interest to have a definitive list of all crytpocurrencies, as there are now hundreds, and soon thousands. Lunokhod (talk) 09:49, 20 August 2014 (UTC)
      • I am going to re-remove the market-cap stuff soon, mostly because the values are meaningless and that there is no such thing as a currency market cap, and secondarily because the market cap value is so trivially manipulable. Midnightmagic (talk) 18:42, 7 June 2017 (UTC)

Removed Tonal bitcoin

I have removed Tonal Bitcoin (TBC) from the list because it is not an alternative currency, it has no market cap, it can not be traded, and it is not accepted for payments anywhere. As far as I can tell, tonal bitcoin is just a way of representing bitcoin amounts using the tonal number system. If this is true, it is part of bitcoin, and is thus not a separate currency. This should be discussed elsewhere in this wiki, not here Lunokhod (talk) 09:49, 20 August 2014 (UTC)

  • It is an alternative currency, and one of the few legit ones. It shares a market cap with BTC, and can be traded just like any other currency. Sharing a blockchain, or at least values, with BTC is the ideal for altcoins, and necessary to protect against scammer abuses. --Luke-jr (talk) 11:49, 20 August 2014 (UTC)
    • Could you please provide some supporting evidence? Such as a project web page, etc? I can't find any information to back up your claims. Lunokhod (talk) 20:25, 20 August 2014 (UTC)

Scamcoin removals

There are quite a number of scamcoins listed on there. Ripple, for example, is pretty much a pure scamcoin. Dash is a scamcoin. Bytecoin is 100% a scamcoin which underwent silent, broken inflation thanks to a cryptonote flaw. It's important that a Bitcoin Wiki not promote coins that have a highly scam-filled history. Midnightmagic (talk) 18:49, 7 June 2017 (UTC)

    • WARNING: User davidhedlund, we can either discuss the contents of this page in here, or I'm going to have to remove your edit rights. Please stop adding back in scamcoins on the comparison page. Midnightmagic (talk) 23:16, 21 September 2017 (UTC)
Midnightmagic: I'm sorry, its not my intention to promote scamcoins. Can you please 1) Add comments in the article in the website fields for Bitcoin Cash and DASH why bitcoincash.org and dash.org respectively should not be visible? 2) motivate why you think these cryptocurrencies are scamcoins?:
  • Dash: "Dash is a massive premine with masternodes that are likely dominated by said premine. The preminers thanks to Dash's built-in centralizing reward system are essentially guaranteed to maintain with less hashrate, their dominance due to the 45% forced reward system. Ripple is a centralized non-currency scam which has been fined multiple times, and involved in significant lawsuits with the end effect being its current form is essentially purely a cash grab."
  • NEM: "NEM is a PoS coin." - https://en.wikipedia.org/wiki/Proof-of-stake#Criticism
  • Ripple: ?

--Davidhedlund (talk) 22:44, 2 October 2017 (UTC)

Hello. Thanks for posting in here. Dash is a massive premine with masternodes that are likely dominated by said premine. The preminers thanks to Dash's built-in centralizing reward system are essentially guaranteed to maintain with less hashrate, their dominance due to the 45% forced reward system. Ripple is a centralized non-currency scam which has been fined multiple times, and involved in significant lawsuits with the end effect being its current form is essentially purely a cash grab. NEM is a PoS coin. XEM is just the ticker for NEM isn't it? Midnightmagic (talk) 11:00, 4 October 2017 (UTC)
Thank you for your response. Yes XEM is the ticker so I removed it from my list in this Talk page. I have a few questions left:

Bcash Symbol

The Bitcoin Cash developers are extremely hostile to Bitcoin, and consist of e.g. deadalnix who is an unapologetic copyright thief. Their attempt to conflate "Bitcoin Cash" with "Bitcoin" includes a mistaken co-opting of another scamcoin's symbol, "BCC" which is already being traded on some exchanges as BCC. The way to disambiguate it from the prior scamcoin is to use BCH, which is the symbol both exchanges, and ticker sites use. They can call it what they want, but given the level of hostility, it really doesn't make sense to contribute to user confusion here. (Note the huge spike in the *scamcoin* BCC around August 1 for an example of this deliberate obfuscation.) Midnightmagic (talk) 00:55, 22 September 2017 (UTC)

Anonymity

Midnightmagic: Can you motivate why you added changed these cryptocurrencies from "High" to "Medium" anonymity (they are our best bet in terms of anonymity):

  • Monero: ? (recently introduced "Ring Confidential Transactions" so it is regarded as anonymous by many)
  • Zcash]: ?

--Davidhedlund (talk) 19:07, 4 October 2017 (UTC)