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Topic: A warning about Alt-Coins - page 142. (Read 901725 times)

newbie
Activity: 14
Merit: 0
May 25, 2013, 09:30:21 PM
DevCoin is the one to watch, don't underestimate the nerds. Or it will be like that movie and you'll be forced to watch them play an 80s tune.
full member
Activity: 196
Merit: 100
Google/YouTube
May 25, 2013, 08:42:18 PM
I am making YouTube videos for various Alt-Currencies, what would you like to see said about these currencies (besides what is written). And which currencies would you add to the list?

Litecoin- If Bitcoin is Gold, this is Silver. Easier to mine.

BBQ Coin- Started as a joke

Devcoin- The ethical coin, 90% to developers, you can earn them by writing, developing web content or taking pictures

Bitbar- If Bitcoin is a gold coin, this is a gold coin. Hard to mine, EXTREMELY volatile market.

Namecoin-

PPCoin-

Novacoin-

Freicoin-

Feathercoin-Litecoin clone with 4x the coins

Chinacoin- Presented in China first

Yet Another Cryptocoin-

Royalcoin-

Goldcoin-

Luckycoin- Random giant blocks to reward miners extra sometimes.
newbie
Activity: 24
Merit: 0
May 25, 2013, 12:53:08 PM
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.

Agree, but it is more satisfying to be able to mine whole coins for newcomers, who often don't have much of a setup or GPU. I love the alt coins. They're fun (even if just for now).

You hit the nail on the head.  I'm mining ftc because my setup isn't the best, and it is indeed more fun to mine whole coins.  Since some of the alt-coins can be traded on an exchange for bitcoin I find it a fun way to (indirectly) mine my own btc.
member
Activity: 112
Merit: 10
viva la vida
May 25, 2013, 08:59:00 AM
Yep BTC and LTC.   You have to have velocity of the money supply - have to use it for goods and services.    More consumer sites accepting BTC and LTC at this point than newer cryptos.  However without alt coins I believe difficulty for BTC and LTC would skyrocket not leaving mining profits for anyone.   You have to have the alt cryptos to give more people the opportunity to mine.

i think that you are totaly right about that!
full member
Activity: 221
Merit: 100
May 25, 2013, 08:49:54 AM
Yep BTC and LTC.   You have to have velocity of the money supply - have to use it for goods and services.    More consumer sites accepting BTC and LTC at this point than newer cryptos.  However without alt coins I believe difficulty for BTC and LTC would skyrocket not leaving mining profits for anyone.   You have to have the alt cryptos to give more people the opportunity to mine.
member
Activity: 112
Merit: 10
viva la vida
May 25, 2013, 08:16:01 AM
BTC is probably the longest currency on the market in the future

and NVC  Wink
agree

HA, NVC, you mean LTC.. LTC is beside BTC in all things!
newbie
Activity: 6
Merit: 0
May 25, 2013, 08:06:12 AM
BTC is probably the longest currency on the market in the future

and NVC  Wink
agree
member
Activity: 98
Merit: 10
May 25, 2013, 06:56:19 AM
Is there any LuckyCoin LKY exchange?


Luckycoin....Huh   Oh My God! Grin
member
Activity: 112
Merit: 10
viva la vida
May 25, 2013, 06:14:40 AM
Is there any LuckyCoin LKY exchange?

i think not yet, but it will be
newbie
Activity: 3
Merit: 0
May 25, 2013, 03:30:31 AM
Is there any LuckyCoin LKY exchange?
member
Activity: 98
Merit: 10
May 25, 2013, 01:20:40 AM
BTC is probably the longest currency on the market in the future

and NVC  Wink
newbie
Activity: 7
Merit: 0
May 24, 2013, 05:18:16 PM
BTC is probably the longest currency on the market in the future
newbie
Activity: 12
Merit: 0
May 24, 2013, 03:15:32 PM
I have to agree with you mate. We just need to give some time to alt coins and if we want them to survive we have to support them.
full member
Activity: 123
Merit: 100
May 24, 2013, 02:15:25 PM
All of the coins, BTC included, have to gain mass adoption before they'll truly be viable as a long-term currency. BTC is getting there, the others have a long way to go, but remember, in 2010 we were saying the same thing about BTC.
newbie
Activity: 6
Merit: 0
May 24, 2013, 08:48:22 AM
do you consider ripple an alt coin?
I do so for XRP (ripples), but I don't for the ripple protocol. And in combination I regard it worth beeing investigated further. To me it has potential as an alt-coin (in co-existence with BTC), alt-mtgox, alt-paypal and maybe more.
What do you think?

I wouldn't really trust ripple till the source code is released.

+1
member
Activity: 112
Merit: 10
May 24, 2013, 06:50:17 AM
btc is the best!

no...nvc is best  Wink
newbie
Activity: 5
Merit: 0
May 24, 2013, 06:11:43 AM
I wouldn't really trust ripple till the source code is released.
Yes, I agree, it is a big issue.
However, the idea behind it seems quite innovative and convincing.
In that point it differs from many alt-coins that are mere clones.
legendary
Activity: 966
Merit: 1004
Keep it real
May 24, 2013, 05:52:34 AM
do you consider ripple an alt coin?
I do so for XRP (ripples), but I don't for the ripple protocol. And in combination I regard it worth beeing investigated further. To me it has potential as an alt-coin (in co-existence with BTC), alt-mtgox, alt-paypal and maybe more.
What do you think?

I wouldn't really trust ripple till the source code is released.
newbie
Activity: 5
Merit: 0
May 24, 2013, 05:50:53 AM
do you consider ripple an alt coin?
I do so for XRP (ripples), but I don't for the ripple protocol. And in combination I regard it worth beeing investigated further. To me it has potential as an alt-coin (in co-existence with BTC), alt-mtgox, alt-paypal and maybe more.
What do you think?
newbie
Activity: 9
Merit: 0
May 23, 2013, 11:17:52 PM
i hope alts stay, they make me really rich off my cheap video cards.
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