Inside Bitcoin Hong Kong 2015: Evaluating the Potential of Alternative Cryptocurrencies

Inside Bitcoin Hong Kong 2015 http://insidebitcoins.com/hong-kong/2015

This presentation goes through the methodology used by CoinGecko (https://www.coingecko.com) and also other metrics that can be used to evaluate and compare across different altcoins.

As new sophisticated Blockchain 2.0 coins come into the market, it becomes much harder to quantify a success of a coin.

Transcript

1. Evaluating the Potential of Alternative Cryptocurrencies
2. Quantitatively evaluate the potential of a cryptocurrencies based on public data
3. Disclosure Not investment advice Consult financial advisor
4. • Cryptocurrencies other than Bitcoin • Fork or New Codebase • Different Features & New Ideas Altcoin 101
6. How are cryptocurrencies evaluated?
7. Market Capitalization Price x Supply - Overestimation - Out of Circulation
8. But... Necronomicon by Cryddit Altcoins which are dead https://bitcointalk.org/index.php?topic=588413.0
9. Brings the need for more ways to evaluate a cryptocurrency
10. What other side of a coin of a coin can we look at?
11. Altcoin Evaluation Metrics Market Capitalization Trading Volume Community Developer Public Interest Network Security Number of Transactions Merchant Support
12. Trading Volume 3rd Party Major Exchanges Liquidity Problems
13. Community Decentralized/Distributed Coin Direction Forums (BitcoinTalk, LitecoinTalk, etc.) Reddit (subscribers, active users, posts, comments) Facebook (Likes) Twitter (Followers)
14. Developer Development Activity Github Open Source Popularity (Stars, Forks, Watchers) Activity (Open/Closed Issues) Contributions (Contributors, Pull Requests) Pulse Check (Commits)
15. Public Interest Search Engine • Total results • Articles, Blogs, Social Media mentions Alexa Rank • Official website rank • Coin info, wallet download
16. Network Security Ledger can be trusted Proof of Work Total Hashrate Estimate Cost to Conduct 51% Attack More economically unfeasible, more secure
17. Number of Transactions Exchange of value Problems: Coin reshuffling Look at transaction with coins that have not been spent in a while (Bitcoin Days Destroyed)
19. Merchant Support Recognition Acceptance of Value Merchant Provider Difficult to acquire data
20. Altcoin Evaluation Metrics Market Capitalization Trading Volume Community Developer Public Interest Network Security Number of Transactions Merchant Support
21. Blockchain 2.0 Challenges 1. Innovation & Different 2. Smart Contract, Asset, Apps 3. Adoption Rate, May Be Important 4. Metrics May Differ
22. Collaborations
23. Thank you for your time :) TM Lee, @tmlee