[Nth] Top 10 predictions for Bitcoin [Part III]


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DATE: Feb. 2, 2014, 10:02 a.m.

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  1. 3. There will be less than 5 alt-coins (out of the 50+ in existence) that will survive 2014
  2. The open source nature of the Bitcoin protocol led to the advent of 50+ alternative coins (alt-coins), most of which are blatant rip-offs with a tweak or two here and there. These can be divided into three categories:
  3. Coins which are Ponzi schemes, where the sole purpose of the inventor is to drive the price of the alt-coin up and then dump
  4. Coins which can be mined easily and can have potentially more liquidity than Bitcoin
  5. Coins, which are based on innovation at a fundamental level and can result in specific adoption or security-led use cases.
  6. In my opinion, only the category 3 [types] would survive. PPC coin, which has introduced a proof-of-stake system in addition to proof-of-work is one such coin. It is in my list of survivors. It is also important to note that presently, other than Bitcoin, no other alt-coin has shown the potential for a growth in its acceptance network among merchants or companies. This is likely to remain true for 2014 as well.

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