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From 'Ripples' To 'RonPaulCoin'; There Are Now 83 Cryptocurrencies In The World

Tyler Durden's picture




 

While Bitcoin (and Litecoin) garner the most attention in the cryptocurrency world, there are now 83 (and counting) virtual currencies to store your wealth in. Bitcoin's market cap (at over $10 billion) is by far the highest but we wonder whether the miasma of mimiccers - from Unobtainium to the ironically-named StableCoin and from 'Philospher Stones' to HoboNickels - serves to reduce the confidence in Bitcoin as a new method payments, or bolsters it as the clear market winner.

 

Top 20 Virtual Currencies...

 

The full list, sorted by market cap, is here.

 

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Tue, 01/28/2014 - 22:28 | 4378069 Bunga Bunga
Bunga Bunga's picture

Good luck governments, banning cryptocurrencies. For every banned there will be 10 new ones.

Tue, 01/28/2014 - 23:43 | 4378393 Matt
Matt's picture

Why ban coins, when you could just shut down the centralized exchanges? Block banks from sending / recieving money from exchanges, the exchanges dry up, and cryptocurrencies go back to decentralized face-to-face trades.

Wed, 01/29/2014 - 03:01 | 4378826 tip e. canoe
tip e. canoe's picture

go back to decentralized face-to-face trades

which is exactly what the true value of cryptos are

Tue, 01/28/2014 - 22:29 | 4378074 floyd084
floyd084's picture

Im starting CoinCoin before someone takes the name.

Tue, 01/28/2014 - 22:34 | 4378111 JailBanksters
JailBanksters's picture

A Goldcoin backed by a Bitcoin

 

Wed, 01/29/2014 - 06:49 | 4379017 messystateofaffairs
messystateofaffairs's picture

NoFiatCoin, XNF

Tue, 01/28/2014 - 23:06 | 4378226 epwpixieq-1
epwpixieq-1's picture

"There are now 83 Cryptocurrencies in the World."

a Year from now:

"There are now 830 Cryptocurrencies in the World."

Why not even have ZeroBitHedgeCoin, as this one I will probably would like to have.

Tue, 01/28/2014 - 23:31 | 4378322 teslaberry
teslaberry's picture

MOAR!!!!

Tue, 01/28/2014 - 23:36 | 4378352 CuriousPasserby
CuriousPasserby's picture

Fuck crypto shit. I'm just stacking gold and silver plus a little lead.

Tue, 01/28/2014 - 23:55 | 4378462 don quixote
don quixote's picture

I think Bitcoin will be Bitdust, or Bit the dust. 

 

 

Tue, 01/28/2014 - 23:56 | 4378472 dark pools of soros
dark pools of soros's picture

Maxcoin!  Keiser launching his own coin soon!

Wed, 01/29/2014 - 03:07 | 4378833 tip e. canoe
tip e. canoe's picture

surprise surprise

Wed, 01/29/2014 - 05:39 | 4378957 fredquimby
fredquimby's picture

https://twitter.com/maxcoinproject

All rise for Sir Max.

haha too funny. I bet maxcoin takes out DOGE on coinmktcap within a coupla weeks.

If you want to try mining a crypto, this is it. It hasn't started yet so it is a level playing field for all.

To mine, you just download the wallet (when it is released), open it, and hit mine.

I have only managed to mine stalwartbucks so far, and nobody wants those little buggers yet, but cool to have a coupla mill of them from mining them anyway.

Wheeeeeee!

Wed, 01/29/2014 - 00:25 | 4378549 Metal Minded
Metal Minded's picture

In related news:

Dutch court rules in favor of unblocking Pirate Bay as ban ‘ineffective’

The court’s verdict was based on the Charter of Fundamental Rights of the European Union, which includes the “freedom to conduct a business” and “right to property.” Entrepreneurial freedom overrides property rights, the court ruled.

“In applying the case law from the European Court of Justice (ECJ), the Court of Appeal held that an access provider is not under an obligation to take measures that are disproportional and/or ineffective”

“Since the Pirate Bay blocking lawsuit began, BitTorrent traffic has not been reduced, it increased instead” 

Full story at:  http://rt.com/news/court-unblock-pirate-bay-308/

The take away- BitTorrent, Pirate Bay, and, yes, Bitcoin, are unstoppable.

Wed, 01/29/2014 - 01:48 | 4378726 Muppet
Muppet's picture

I'm waiting for "balonium" as a currency invented by Bullwinkel and Squirrel.

Wed, 01/29/2014 - 02:51 | 4378814 mijev
mijev's picture

Soon there will be enough to start a Periodic Table of these new elements.

Wed, 01/29/2014 - 03:12 | 4378834 Kirk2NCC1701
Kirk2NCC1701's picture

I'm surprised that Ron Paul fans haven't commented on the RonPaulCoin. WTF?

Wed, 01/29/2014 - 03:44 | 4378869 kurt
kurt's picture

Can we have a BullShitcoin? 

 

Wed, 01/29/2014 - 04:15 | 4378891 bobcromwell
bobcromwell's picture

Digital gold currency is the future.

Wed, 01/29/2014 - 05:26 | 4378947 Debugas
Debugas's picture

any money requires backing

the backing is the products and services people are ready to exchange for the money in question

Who will backup bitcoin or any other e-coin ? why backup one type of e-coin over the other ?

Wed, 01/29/2014 - 06:04 | 4378982 TheHound73
TheHound73's picture

My salary is paid in Bitcoin.  There are a lot of frickin' smart people working in the Bitcoin space with skillz to backup Bitcoin.  Of course there are also a lot of greedy folks who own some bitcoin and are only in it hoping to turn a quick profit.  I choose bitcoin because its mining power is more secure, there are more merchants who accept bitcoin than any other crypto-currency and there are an estimated 5 to 10 million people who own bitcoin and may be interested in acquiring more if I come onto hard times and have to liquidate some of my own.  The other cryptos just don't meet my requirements.

Wed, 01/29/2014 - 07:23 | 4379041 Debugas
Debugas's picture

exactly - you choose bitcoin because there are more people into it than in any other e-coin.

 

Wed, 01/29/2014 - 05:59 | 4378979 madtechnician
madtechnician's picture

Crypto's can be inflated the same way you could inflate the amount of internet's which could exist , TCP/IP was not the only possible internet protocol , it's just the one which had the network effect first - mover advantage and now that is what we use. Once these currencies goes mainstream and scale up we will see technical problems with a lot of them which are unscaleable. Bitcoin scales up nicely , it could easily transact at VISA/Matercard speeds , none of the Alt-Coins are capable of this scaleability  without using massive amounts more electricity , and I am talking thousands of times more electricity. It's almost as if the creator(s) of bitcoin anticipated in advance clone competitors so they worked out the best possible solution before releasing their code.

Wed, 01/29/2014 - 07:10 | 4379031 Sufiy
Sufiy's picture


The US Crackdown On Bitcoin - The End Of The Amazing Bubble


 The only Bubble from 2013 left untouched so far is Bitcoin: after its crash postChinese ban and coordinated attack by the Central Banks Bitcoin has recovered its grounds and was trading close to $1000 range again. These days, with closing window for currency withdrawals from Bitcoin exchanges in China, DOJ has made its move. The most sexy attribution of Bitcoin - its supposed anonymity, will be used against it. As we have discussed before this anonymity is widely misunderstood and as Silk Road case demonstrates: All Transactions can be Reconstituted As An Evidence.    China bans Bitcoin and encourages its citizens to accumulate Gold. Central Banks all over the world are warning about the speculation danger related to Bitcoin. FED keeps very suspicious silence about its real stance about the FIAT alternative and after fighting Gold for 100 years it is a given that Bitcoin will be taken out once NSA will complete its job. Now Robert J. Shiller has joined our small crowd and called Bitcoin as it is:

 
"It is a bubble, there is no question about it.... It's just an amazing example of a bubble," the Business Insider quotes Shiller, talking to the World Economic Forum in Davos, Switzerland.


“I’m amazed by how people are so excited about it and I tell my students ‘no, it's not such a great idea’,"the economist said. http://sufiy.blogspot.co.uk/2014/01/the-us-crackdown-on-bitcoin-end-of.h...

Wed, 01/29/2014 - 08:04 | 4379106 esum
esum's picture

BITCOIN = "WINNER"

yeah.....??

any comment  Charlie Shrem Ross Ulbricht Jacob Theodore George IV

Steven Lloyd Sadler Jenna M. White Andrew Michael Jones Gary Davis

where's my chicken dinner 

Wed, 01/29/2014 - 08:08 | 4379112 esum
esum's picture

technology has not freed us from tyranny

it has given it the upper hand

Wed, 01/29/2014 - 09:10 | 4379210 kurt
kurt's picture

MariaBartaromocoin:

Front side Big Tits

Back side Huge Ass

 

(i guess you could roll her in flour...)

Wed, 01/29/2014 - 09:18 | 4379231 AdvancingTime
AdvancingTime's picture

The games central bankers are playing in supporting their and other currencies has reached a dangerous level, we may be in the "red zone". Currencies are important chips in the commerce of government and the business of running a country. History has shown that in the past both leaders and governments have fallen with the demise of their coin.

The volume of trades, the sheer magnitude of monies flowing back and forth across borders has become staggering. This area of finance has become the worlds largest casino, where players have the potential to quickly suffer staggering losses. More about these dangerous games in the post below,

http://brucewilds.blogspot.com/2013/01/currencies-games-in-danger-zone.html

Wed, 01/29/2014 - 09:36 | 4379272 noless
noless's picture

I like the sound of hobonickels..

Wed, 01/29/2014 - 11:27 | 4379690 RaceToTheBottom
RaceToTheBottom's picture

Doesn't equality dictate that everyone have their own crypto currency?

It could be named after their Social Security Number; that would work.

Wed, 01/29/2014 - 20:11 | 4382463 Muc Metals
Muc Metals's picture

Are there only 83 coins?

I'm counting 236 different coins as of today.
Check out that list of 236 coins at http://com-http.us/

Doesn't matter anyway.
Network effects are the friend of the first mover(s).
Even 236 BETAMAX like formats wouldn't have had a chance against VHS.

To overcome Bitcoin's (and Litecoin's) lead
a new coin has to grow faster than the first movers.

To grow faster a new coin has to offer real NEW properties and advantages
which are considered useful by its users.

Copy cats don't cut it.

And 2nd generation coins like NXT or Ethereum still have to prove viability.

 

Tue, 02/11/2014 - 08:29 | 4423286 automaton
automaton's picture

Only legit crypto currency is the dogecoin.  It sent the Jamaican bobsled team to Sochi, where their bobsled was subsequently stolen... or confiscated... or deemed too homoerotic to enter the country.  Bitcoin cannot claim such a thing.

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