Bitcoin to the moon! Litecoin is the silver to Bitcoin’s gold. Sierra Leone is waking up. Floridian swamp gypsies will save Bitcoin. These are just a few of the tamer things you will see when you visit a trollbox on BTC-e.com, one of the most popular cryptocurrency exchanges. When you think about who will win the war of cryptocurrencies everyone gives the edge to Bitcoin because it was the first cryptocurrency to take hold and arguably is still the best crypocurrency available. Now payment processor support, hedge funds and major corporations are starting to pile onto the Bitcoin. Litecoin is second on the list in adopters for now unless you count Ripple’s payment system that is centralized and unmineable.

So, what other players are in the game? Well there are about 1000+ cryptocurrencies jockeying for position. Who wins? Is it the safest one? Quarkcoin has 9 rounds of hashing from 6 hashing functions. But wait, doesn’t that give the coin more vulnerability? One tumbles and they all fall down? Is it speed? Krugercoin punches confirmations out in like 15 seconds. Is is mathematical genius? Beautiful Mind junkies may want to check into Primecoin and its ability to find prime numbers never discovered before in mathematics.

I would argue that someone should take a hard look at the social aspect. With most cryptos if you want to know who the person is that is sending you the cryptocurrency you would need to provide a new address for this person to have a unique identification of the transaction. However, wouldn’t it just be easier if you used the same wallet address and the person sending you the money would send you a transaction message. After all, every check that you ever wrote has a ‘signature’ and ‘for’ space on it.

The anonymous nature of most cryptocurrencies is great. But, wouldn’t a social component be welcome in most transactions and act as insurance to a degree? I think it does. The first time I heard about this I flocked to Neocoin. Once I got to it, I found that this currency was compromised. Then I went to a list of all cryptocurrencies and found that some have blockchain messaging, but only one had what I was looking for and that was Redcoin. Here are the minuses for Redcoin, 1,000,000 coins premined, appears to be Litecoin clone – but that may be a good thing. Moreover, not a big following for developers, no competent spokesperson and markets to the shady crowd.

So, if you believe that cryptocurrency and the social network are a match made in heaven let me ask you – Is Bitcoin your final answer? Does Redcoin have what it takes? Or will the next crypto be the perfect blend that captures the title “People’s Currency”?

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