Re:What is an Initial Coin Offering and How Does it Work?
by wyldfire on Monday July 03, 2017 @02:33PM
(#14690410)
> What value do bitcoin alts offer? Hardly anything.
Agreed, if taken by count. But there's a few that offer real distinctiveness IMO: Litecoin (scrypt, segwit), Monero (cryptonight, ring ct), Myriad (multi-PoW), Peercoin (PoS), CounterParty (colored coins/tokens). I'm not super up-to-date so there are bound to be more modern ones too.
We all heard Litecoin loud and clear win the race to segwit and it lit a fire under Bitcoin. In fact, many of these coins serve as inspiration for features included or considered for inclusion in bitcoin. So if nothing else they offer real world testing grounds (not merely testnet) for cryptocoin features.
> Your position is just absurd to say that Ethereum and what is buildable on top of it are valueless.
As noted elsewhere, I don't think Ethereum is worthless. But there are a lot of junk assets on there. Are there more junk Ethereum assets than there are junk altcoins? Well, IMO, the only investment altcoins solicit is computational capacity of PoW to secure their blockchain. Some altcoins do a premine and in general I think those are often as shady as some of the junk Ethereum assets.
Agreed, if taken by count. But there's a few that offer real distinctiveness IMO: Litecoin (scrypt, segwit), Monero (cryptonight, ring ct), Myriad (multi-PoW), Peercoin (PoS), CounterParty (colored coins/tokens). I'm not super up-to-date so there are bound to be more modern ones too.
We all heard Litecoin loud and clear win the race to segwit and it lit a fire under Bitcoin. In fact, many of these coins serve as inspiration for features included or considered for inclusion in bitcoin. So if nothing else they offer real world testing grounds (not merely testnet) for cryptocoin features.
> Your position is just absurd to say that Ethereum and what is buildable on top of it are valueless.
As noted elsewhere, I don't think Ethereum is worthless. But there are a lot of junk assets on there. Are there more junk Ethereum assets than there are junk altcoins? Well, IMO, the only investment altcoins solicit is computational capacity of PoW to secure their blockchain. Some altcoins do a premine and in general I think those are often as shady as some of the junk Ethereum assets.