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Topic: A warning about Alt-Coins - page 135. (Read 901725 times)

sr. member
Activity: 275
Merit: 250
June 03, 2013, 10:16:55 PM
Ripple is looking pretty promising.
newbie
Activity: 5
Merit: 0
June 03, 2013, 10:16:45 PM
Doesn't seem like there is anything out there but some clones. What would one look for in a new coin? What do you'll think would be the easiest improvement to BTC?
sr. member
Activity: 479
Merit: 250
https://streamies.io/
June 03, 2013, 09:56:13 PM
I mined some of the other ones but the reward was too low to make it worth it.
member
Activity: 70
Merit: 10
June 03, 2013, 09:38:26 PM
I mined 10k of lucky coin... lot of trash Sad

What would really be a great Idea is if someone were to come up with some form of crypto currency that wasn't just generating crypto just for itself, but one that could be used in other applications, like the generation of really big prime numbers for use in every day encryption, would be great considering it would help getting the rest of the world on board with the idea of a crypto currency considering it would have a recognizable purpose attached to it.
This is something that has been looked into, and I think you are right. It would make crypto currency more purposeful, and that would get more people on board. The problem is, for most tasks, like folding at home and such, the proof of work has been found to be difficult. The prime numbers thing though. There is some use of prime numbers in cryptography. Maybe that could be worked into a crypto currency. They do have rewards for finding larger prime numbers already, but it doesn't pay as well as mining *coins.
full member
Activity: 196
Merit: 100
June 03, 2013, 08:52:21 PM
I mined 10k of lucky coin... lot of trash Sad

What would really be a great Idea is if someone were to come up with some form of crypto currency that wasn't just generating crypto just for itself, but one that could be used in other applications, like the generation of really big prime numbers for use in every day encryption, would be great considering it would help getting the rest of the world on board with the idea of a crypto currency considering it would have a recognizable purpose attached to it.
full member
Activity: 196
Merit: 100
June 03, 2013, 08:47:13 PM
I mined 10k of lucky coin... lot of trash Sad

Yea, most of them are mostly crap. Not convincing enough to move away from BTC. The only one I am really concerned with is Zerocoin, if it ever gets adopted, it could send BTC into Freefall
full member
Activity: 196
Merit: 100
June 03, 2013, 08:44:26 PM
It's true that there's a huge saturation of alt coins in the market now, which is devaluting a lot of them.  It's hard to say which coins will gain in value in the future; sometimes you never know.

Quite right on that. I was considering just switching the GPU rigs over to LTC, but even with the inflated difficulty, the value difference, its making more sense to stick with BTC. I am currently generating a coin per week,  and exchanging for litecoin for investment... Not sure where people are getting the idea that LTC is more profitable nowadays...but atleast for the forseeable future I will be sticking to BTC
newbie
Activity: 33
Merit: 0
June 03, 2013, 08:41:55 PM
How is FastCoin doing?
member
Activity: 70
Merit: 10
June 03, 2013, 07:32:24 PM
The whole altcoins thing is interesting, but I wonder how many of them are just people annoyed that they didn't get in early enough with btc? Anybody got a chronology of when different altcoins came online?
This is the best resource for that as far as I know.
https://github.com/ppcoin/ppcoin/wiki/History-of-cryptocurrency
newbie
Activity: 33
Merit: 0
June 03, 2013, 07:28:43 PM
The whole altcoins thing is interesting, but I wonder how many of them are just people annoyed that they didn't get in early enough with btc? Anybody got a chronology of when different altcoins came online?

btc, ltc , nmc , all other s crapcoins
newbie
Activity: 49
Merit: 0
June 03, 2013, 05:37:49 PM
The whole altcoins thing is interesting, but I wonder how many of them are just people annoyed that they didn't get in early enough with btc? Anybody got a chronology of when different altcoins came online?
newbie
Activity: 33
Merit: 0
June 03, 2013, 03:37:31 PM
does any body knows whats with the namecoins? im interested in dotbit domains  will they be supported or not ?
newbie
Activity: 29
Merit: 0
June 03, 2013, 03:24:34 PM
DGC has been good to me over the past few days
hero member
Activity: 784
Merit: 1000
June 03, 2013, 03:04:54 PM
I mined 10k of lucky coin... lot of trash Sad
newbie
Activity: 27
Merit: 0
June 03, 2013, 01:46:51 PM
i like wdc though. Whats everyone else think?
full member
Activity: 448
Merit: 130
3D-Printing goes Blockchain!
June 03, 2013, 11:49:07 AM
what is a good choice other than LTC? Is TRC a good one?
I list a number of coins on a site I set up last week - www.WhereToMine.com  ... I give a list of which coins would be most profitable for your hash rate.  It's a constant work in progress, so let me know if you would like to see anything added to the site.  Hope you find it helpful!
newbie
Activity: 12
Merit: 0
June 03, 2013, 07:12:05 AM
what is a good choice other than LTC? Is TRC a good one?

They all are behind the bitcoin.
No place accepting the others for payment as normal stores are starting to accept bitcoin first.
Who knows, when bitcoin is widely addapted the the rest might follow the same path too.
But for now ltc is second, the rest comes after.

Yeah, maybe the next coin will be more ASIC and/or GPU resistant so that more people will be able to mine it easily. If it's well designed, has fast transactions, and supporters get a lot of services to accept payment with it, then it could be a success.
newbie
Activity: 12
Merit: 0
June 03, 2013, 07:07:11 AM
I've seen a lot about litecoins, LTC. But can you actually do anything with it?

Yeah, these sites list some places that take litecoin.

http://litecoin.info/Service_Directory
http://uselitecoin.com/
https://www.ltcasics.com/
full member
Activity: 191
Merit: 100
June 03, 2013, 06:51:09 AM
I've seen a lot about litecoins, LTC. But can you actually do anything with it?
hero member
Activity: 575
Merit: 500
The North Remembers
June 03, 2013, 05:04:40 AM
Almost all of the alt-coins are there are going to be a waste of time.  They're being created to take advantage of people who get super excited about different things and then get pumped and dumped.

Be careful about wasting time with too many alt coins.

I bet thats the kind of thinking many had about Bitcoins in the beginning but look where it is now. I am not bashing you in anyway, I just feel like qualifying your statement. People should really research what their going into because maybe one of the Alt-coins will have a boom like BTC.

Agreed. Many alt-coins out there have great potential and some-not all will hit it off big.

Nope.
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