Silk Road forums
Discussion => Silk Road discussion => Topic started by: asianboy on August 14, 2013, 05:43 pm
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In your opinion, what are the best cryptocurrencies and why? Do you think we should have built-inflation? Proof-of-stake? SHA-256? Scrypt? etc.
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Novacoin went up pretty well but no one is really talking about that.
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The most liquid is best. Nothing more need be considered given the other similarities between them.
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Arguably, BTC, LTC, PPC and other cryptocurrencies all have substantially similar liquidity. Even though purchasing goods and services with BTC is easiest, you can also buy them with LTC (ex: Atlantis). There are exchanges which will trade all BTC, LTC, PPC, etc. for USD / EUR / etc. Then, it takes seconds on an exchange to trade between cryptocurrencies.
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Hopefully adoption of payment systems for BTC will make it easier for businesses to also adopt other cryptocurrencies.