The perfect crypto asset?

in #bitcoin6 years ago

What would be the face of the "perfect" crypto asset? Of course, everyone had already his favorite today, but look to the future

In case you already discovered "the one" please be nice and make everyone's benefit, put the link in the comment;)


What specific features, (old and new) the "perfect" crypto asset could have tomorrow? And we can say that Bitcoin and especially the outcomes have not finished evolving and surprise us...



1- The algorithms: 

"Tell me how you are made and I'll tell you what you're worth"


The SHA-256 is very nice, but there are many algorithms that have since proven their value (think about Keccak per exemple). They are just waiting to use their potential and evolve for altcoins.


Some more older outcomes like TAJ use an evolutionary system to adapt the output obtained through mining to the need for growth.


From the point of view of the ecological argument which is quite legitimate (although we do not ask the dollar or the euro to justify its creation and use hum hum): here again, it is quite possible from today to be interested in projects that take this angle into consideration in their manufacture such as Bitcoin Green (BITG).

In short, there are many opportunities to develop beyond current responses and create outcomes even better adapted to the needs of our modern societies.


2- The number in circulation and the halving

We're talking a lot about it right now, the halving (and especially about 1 year before it happens, which is... now) has a huge impact on the price of Bitcoin.

The outcomes are just as concerned with the phenomenon, although this is totally forgotten since their agony post 2017. In case of recovery of the market, it will become again a capital information, especially as many of altcoins (I evoke only the survivors) were launched shortly before the rise of 2017 or during (or even after): they have or will undergo a halving which will be decisive on their price in case of major recovery of the market (but that is another story for the moment;))


Let's come to the number in circulation: "scarcity makes value", "supply and demand determine the price" if that echoes for you, the correlation with the halving becomes more obvious at once, no?

Since the time that the economy operates on this principle, it supports the idea that a "perfect" crypto asset tomorrow should include a number in circulation adapted to its function (is it a currency of exchange? A store of value only? Associated with a particular technology or sector? Does it have to grow, decrease?)


3 - POW / POS / Masternodes?


The POW was almost the only rule when the market for crypto assets began to gain notoriety: how to imagine still the new potential of the POS and Masternodes which also bring significant income, maintaining the activity of the network permanently?

Here again the pay rate of the staking effort or the collateral needed are crucial in your choice to invest or not in this type of crypto assets: the mere fact of having a characteristic "masternode" is not a pledge quality as people may have thought.

In good projects and it does not miss today, however, it is a great opportunity.

The perfect crypto (in my personal sense) would surely be a good balance between POW / POS and masternode, the key being the distribution adapted to the long-term vision.


4- Image / community


The greatest strong point and weak point of an attacking is its community: strong it will develop and evolve of the tests crossed; on the other hand, surrounded by enemies, even the best ones get discouraged or the quality of an asset can be seriously put back in question in the face of leaders / developers may be "strange".

I will be radical: the "perfect" crypto asset must be self-sufficient and not depend on its creator / developer / community.

 

Why?


Bitcoin was created to be decentralized, not to be represented by its developer, but to be self-sufficient: it allows it to become timeless (at least in theory, of course) and to base its confidence or distrust, according to its own characteristics, not to under "human disturbance" (feeling / impression/marketing strategy).

A good crypto tomorrow cannot exist without community it is obvious, but it is not his fans or his enemies who must hide the concrete solution it brings.

I hope that these elements will give you some interesting ways of thinking about the evolution of the crypto offer. 

And you, what do you think about it? What characteristics do you think are essential or promising tomorrow?

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