I think everyone here would agree with me in that it's never wise to put all of your eggs in one (BTC) basket.
Topic: A warning about Alt-Coins - page 147. (Read 901725 times)
The only altcoin I have any faith in at this time are Litecoins. Litecoins ARE a necessary diversification away from BTC should something bad happen to SHA256 and whatnot
I think everyone here would agree with me in that it's never wise to put all of your eggs in one (BTC) basket.
I think everyone here would agree with me in that it's never wise to put all of your eggs in one (BTC) basket.
Alt coins have their place, but without developer support (looking at you Litecoin!) and merchant support they will never reach the levels of Bitcoin. They will be used for nothing more then speculation (which is still good, since fiat money is being pumped into the cryptocurrencies).
I am mining for Worldcoins now though (on a single 7850, the established coins aren't worth the effort any more), they seem to have the brightest future based on bitcointalk activity and the rise in network hash.
I am mining for Worldcoins now though (on a single 7850, the established coins aren't worth the effort any more), they seem to have the brightest future based on bitcointalk activity and the rise in network hash.
hi mates !
is it worth to mine digicoins ?
what do you think ?
is it worth to mine digicoins ?
what do you think ?
The alt coins are the only way to earn money with crypto currencies during speculation activities. BTC prize is far too stable
I feel there are too many alt coins now, and with more on the horizon, we are left with an alt coin over saturation.
This is bleeding the worth out of every single coin. Should there be group decided mandate to limit the amount of alt coins in circulation?
This is bleeding the worth out of every single coin. Should there be group decided mandate to limit the amount of alt coins in circulation?
most are like penny stocks, but some (like penny stocks) make it.
Alt coins aren't all that bad, if you gamble on the right one it will earn you some money. But if it doesn't then theres nothing lost.
Well.. Maybe not nothing.. but very little.
Alt coins aren't all that bad, if you gamble on the right one it will earn you some money. But if it doesn't then theres nothing lost.
WDC (Worldcoin) just hit BTER.com exchange!
I'm a newbie so naturally I'm going to play around with it and cash in (hopefully!)
I'm a newbie so naturally I'm going to play around with it and cash in (hopefully!)
Hi guys, first post here.. I think alt coins are inevitable since bitcoin is opensource. But they aren't all bad they can add value and push for evolution in this growing market. Of course there are bound to be failures but this is a fact in anything we do. I'm glad to be a part of this growing economy that is finally governed by the people thats all that matters to me.
Are the alt coins created by the same people who made bitcoin or are they all independent?
Independent. Some are allegedly the work of organised crime, as are the exchanges which deal in them. (Same people doing both, in some cases.)
Caveat emptor.
All of this is besides the point though. Within 2 years, the next tech for mining will make even ASICs obsolete. It's already being prototyped.
And it will not be available (in numbers) to the public.
And it will not be available (in numbers) to the public.
What's better than an ASIC? I didn't think there was really anything else. Please post a link or write about it because I'm curious.
Happy to discuss privately. Can't reveal too much though - we intend to make good use of this tech when it arrives.
Equally though, we don't want it to wreck anyone's plans for ASIC investing. So we're talking about now, before that's an issue.
(Hopefully, it will also make the network far more resistant to a 51% attack in future - even from a Govt.)
So, what about SHA-3?
It's fairly new, but I bet someone will make a coin based on it.
It's fairly new, but I bet someone will make a coin based on it.
If someone missed it elsewhere, there's a litecoin sites listing at http://uselitecoin.com, check it out and spread the word
lol @ the Asics for LTC one! Thanks for the link
Are the alt coins created by the same people who made bitcoin or are they all independent?
All of this is besides the point though. Within 2 years, the next tech for mining will make even ASICs obsolete. It's already being prototyped.
And it will not be available (in numbers) to the public.
And it will not be available (in numbers) to the public.
What's better than an ASIC? I didn't think there was really anything else. Please post a link or write about it because I'm curious.
Almost all of the alt-coins out 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.
Be careful about downloading files, seems like there's plenty of wallet stealers around hidden as alt coin miners.
Be careful about wasting time with too many alt coins.
Be careful about downloading files, seems like there's plenty of wallet stealers around hidden as alt coin miners.
I would partually agree with that.
Bitcoin has a great advantage and value compared to alltcoins: it is people adoption, I doubt that any altcoins can bet that in foreseeable future.
BUT!
Altcoins must be and they will be just because Bitcoin need a backup.
If altcoin would not exists then govermnents would found way to shutdown Bitcoin (create a lot of ASICs and make 51% attack, for example)
With alcoins in existence nobody will do that because it is useles: people will shift to altcoins with another hashing algorythm and all of resources are spent on the 51% attack are spent in vain...
Nope, they just use the same ASICs to crush all of them.
There are only two coin systems: SHA 256 and scrypt.
BTC uses SHA 256. Any other coin using SHA 256 can be hit by the same ASICs that mine BTC.
Same applies with scrypt, except - as yet - there are no scrypt ASICs and they will be a bit more difficult to make. But not impossible.
All of this is besides the point though. Within 2 years, the next tech for mining will make even ASICs obsolete. It's already being prototyped.
And it will not be available (in numbers) to the public.
If someone missed it elsewhere, there's a litecoin sites listing at http://uselitecoin.com, check it out and spread the word
Has anyone dealt with mcxnow? How reputable are they?
GLD all the way! No premining
The GLD seems undervalued in the short-term (compared to some other altcoins), but I don't think it's innovative enough for a good long-term outlook.
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