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Re: Which one is the NEXT 10 times profit coin? Anonymous Coin Summary June 19, 2014, 10:22:02 AM #6



Just IMHO of course.



Apart from the fact that it should be secure and work well I think the breakthrough coin will come from two main strengths; New code and name.



I don't believe any new coin that is forked from Bitcoin will challange bitcoin. The main reason being that most devs will just tinker around the edges - as has happened to date.

A new hashing protocol here, a voting system there - it's basically Bitcoin. If a coin is developed from scratch then I believe it will have a chance. The devs can implement truly new protocols and concepts, react very quickly to problems or issues and development of new forms of infrastructure will be quicker and easier.



As for the name - I believe that any coin using the term Dark, Cloak or anonymous will not get mainstream engagement or approval. Max Keiser might like it but your local coach company or fiat gateway provider will not! Too many connotations involving very nasty people with these kind of terms.



Really, this leaves the Cryptonote coins and any future coin based on Zerocash.



Whilst zerocash is interesting and is 'proper' academic research ironically this may be it's Achilles heel. Like many people here I would definitely be interested in a zerocash coin but there is always the possibility that the researchers will be 'leaned on' by TPTB to give it up.



So that leaves the Cryptonotes. Past history tells us that the first coin takes it all - that would indicate Bytecoin as the ultimate replacement for Bitcoin. In it's favor is the media friendly name, the original code, present take up and the large total supply. I could be wrong but if I had to name a coin that will overtake Bitcoin at some point it would have to be Bytecoin. Just IMHO of course.Apart from the fact that it should be secure and work well I think the breakthrough coin will come from two main strengths; New code and name.I don't believe any new coin that is forked from Bitcoin will challange bitcoin. The main reason being that most devs will just tinker around the edges - as has happened to date.A new hashing protocol here, a voting system there - it's basically Bitcoin. If a coin is developed from scratch then I believe it will have a chance. The devs can implement truly new protocols and concepts, react very quickly to problems or issues and development of new forms of infrastructure will be quicker and easier.As for the name - I believe that any coin using the term Dark, Cloak or anonymous will not get mainstream engagement or approval. Max Keiser might like it but your local coach company or fiat gateway provider will not!Too many connotations involving very nasty people with these kind of terms.Really, this leaves the Cryptonote coins and any future coin based on Zerocash.Whilst zerocash is interesting and is 'proper' academic research ironically this may be it's Achilles heel. Like many people here I would definitely be interested in a zerocash coin but there is always the possibility that the researchers will be 'leaned on' by TPTB to give it up.So that leaves the Cryptonotes. Past history tells us that the first coin takes it all - that would indicate Bytecoin as the ultimate replacement for Bitcoin. In it's favor is the media friendly name, the original code, present take up and the large total supply. I could be wrong but if I had to name a coin that will overtake Bitcoin at some point it would have to be Bytecoin.