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Topic: A warning about Alt-Coins - page 2. (Read 901635 times)

newbie
Activity: 2
Merit: 0
January 19, 2014, 01:42:31 PM
And Ripple will be the most hardcore new crypto currencie !!

"100 billion total Ripples (XRP) with all of them "pre-mined," as Ripple is not a cryptocurrency.
Ripple Labs possesses some 50 billion Ripples in hopes they will increase in value."

The above is a review from Heavy.com.

My opinion is that Ripple doesn't contain the key element, mining. If the entire community doesn't feel engaged, then Ripple is not generating interest or market value.
full member
Activity: 224
Merit: 100
January 19, 2014, 12:02:15 PM
Hello. Ive bought a lot of Nextcoins a few weeks ago and since the code was made public iam not sure that the price will rise in the next time. What do you thin? Hold or sell?

best regard
kostenlos

It did not rise when they released the code(if it did it wasn't much). When bter listed it we saw a nice jump, http://www.dgex.com/ Smiley
member
Activity: 84
Merit: 10
January 19, 2014, 10:22:07 AM
well I think up to 2% premine is okay if they are doing good promotions and giveaways
newbie
Activity: 2
Merit: 0
January 19, 2014, 09:13:54 AM
Hello. Ive bought a lot of Nextcoins a few weeks ago and since the code was made public iam not sure that the price will rise in the next time. What do you thin? Hold or sell?

best regard
kostenlos
newbie
Activity: 6
Merit: 0
January 19, 2014, 07:55:44 AM
Digibyte looks really promising to me aswell. Hope it gets far!
newbie
Activity: 20
Merit: 0
January 19, 2014, 07:29:18 AM
Do you think Digibyte is different of another crypto-currency ?

People are saying it has a great team behind it and they had a huge giveaway. However they are not presenting arguments to why Digi is better/best. They are just saying.. Don't point out flaws or give critique in the thread if you don't want to be flamed, the level of maturity is low with the occasional exception Wink The coin itself has potential.

Everybody says that their coin has a great team/devs/community behind it, and most of them have nothing of the sort.

It's a little bit of both - believing into and a good sense for adopt true information out of the statements of others. At the end it always will stay speculation...
global moderator
Activity: 3794
Merit: 2615
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January 19, 2014, 07:22:45 AM
Do you think Digibyte is different of another crypto-currency ?

People are saying it has a great team behind it and they had a huge giveaway. However they are not presenting arguments to why Digi is better/best. They are just saying.. Don't point out flaws or give critique in the thread if you don't want to be flamed, the level of maturity is low with the occasional exception Wink The coin itself has potential.

Everybody says that their coin has a great team/devs/community behind it, and most of them have nothing of the sort.
full member
Activity: 224
Merit: 100
January 19, 2014, 07:07:36 AM
Do you think Digibyte is different of another crypto-currency ?

People are saying it has a great team behind it and they had a huge giveaway. However they are not presenting arguments to why Digi is better/best. They are just saying.. Don't point out flaws or give critique in the thread if you don't want to be flamed, the level of maturity is low with the occasional exception Wink The coin itself has potential.
member
Activity: 112
Merit: 10
January 19, 2014, 04:35:34 AM
Greetings to everyone,

We would like to introduce a new doge pool. You can find it at SCryptoMiners website.

Thanks for your time
newbie
Activity: 8
Merit: 0
January 19, 2014, 04:13:48 AM
Do you think Digibyte is different of another crypto-currency ?
legendary
Activity: 1146
Merit: 1006
January 19, 2014, 02:53:07 AM
very good tips for newbs.. Cheesy
member
Activity: 81
Merit: 10
January 18, 2014, 10:10:27 PM
no premine = no fun/ growth.  Upto 2% pre-mine is okay.
why should premining be okay? imho the dev then are just scamming the users. no future to the coin then...
newbie
Activity: 33
Merit: 0
January 18, 2014, 10:05:32 PM
I love using digital currencies because noone is controlling them, so i also like Alt Coins, very cool.

Btw anyone is selling them i want to buy them all Smiley Smiley
member
Activity: 84
Merit: 10
January 18, 2014, 07:05:49 PM
Honestly I still think premine is the nature of the beast today. This isn't 2009 where you can create something unique and have a chance to mine it before MultPools jump on you and cram you difficulty up to 200. As a dev there would be 0 return on your investment and there would be no real reward for people to make a difference, unless they are offering an IPO or something before hand.

That being said, I still think NobleCoin is the best out there. With premine it is nice knowing what money is where and having the satisfaction of knowing there isn't going to be a dump on the market. Noble has a public ledger that shows where every bit of premine is and what its is being spent on. In addition to that, the Dev is constantly involved, online, and providing updates/feedback and keeping the coin moving.

If you haven't, you need to just check them out. Never want to miss out on the next big thing.

Why should coins be made for the devs to make money? That's not the spirit of cryptos, but it is when greedy capitalists want their slice of the pie.

What's so noble about Noblecoin and what does it offer that most other currencies don't?

First off, Im not saying for devs to really make money, just even cover costs. It's not cheap to make a coin, do marketing, host a site, etc.
In regards to Noble, without going into tons of detail, their plans for charity donations and contributing to the community. They have it outlined on http://www.noblemovement.com/movement/  . Outside of that altcoins to me are more about the future and not always about the now. Noble has an outlined plan for the future including a marketplace, etc. It's just my opinion but I just wanted to get some info out incase others wanted to get involved.


That statement is absolutely true.
I've been around for a little while now and Noble has been the first one to offer public ledger and a real focus on various outputs: charities, merchants and investors.
It's not something that will be over in a week or so, it's for the long haul.
And the-premine is the key to the whole plan http://www.noblemovement.com/movement/.
It is a win, win, win, win combination (miners, investors, charities, merchants).

So yes, in most cases, pre-mine = pum and dump.
With Noble, it's the absolute opposite.
full member
Activity: 252
Merit: 100
January 18, 2014, 06:34:43 PM
Honestly I still think premine is the nature of the beast today. This isn't 2009 where you can create something unique and have a chance to mine it before MultPools jump on you and cram you difficulty up to 200. As a dev there would be 0 return on your investment and there would be no real reward for people to make a difference, unless they are offering an IPO or something before hand.

That being said, I still think NobleCoin is the best out there. With premine it is nice knowing what money is where and having the satisfaction of knowing there isn't going to be a dump on the market. Noble has a public ledger that shows where every bit of premine is and what its is being spent on. In addition to that, the Dev is constantly involved, online, and providing updates/feedback and keeping the coin moving.

If you haven't, you need to just check them out. Never want to miss out on the next big thing.

Why should coins be made for the devs to make money? That's not the spirit of cryptos, but it is when greedy capitalists want their slice of the pie.

What's so noble about Noblecoin and what does it offer that most other currencies don't?

First off, Im not saying for devs to really make money, just even cover costs. It's not cheap to make a coin, do marketing, host a site, etc.
In regards to Noble, without going into tons of detail, their plans for charity donations and contributing to the community. They have it outlined on http://www.noblemovement.com/movement/  . Outside of that altcoins to me are more about the future and not always about the now. Noble has an outlined plan for the future including a marketplace, etc. It's just my opinion but I just wanted to get some info out incase others wanted to get involved.
global moderator
Activity: 3794
Merit: 2615
Join the world-leading crypto sportsbook NOW!
January 18, 2014, 06:32:11 PM
Honestly I still think premine is the nature of the beast today. This isn't 2009 where you can create something unique and have a chance to mine it before MultPools jump on you and cram you difficulty up to 200. As a dev there would be 0 return on your investment and there would be no real reward for people to make a difference, unless they are offering an IPO or something before hand.

That being said, I still think NobleCoin is the best out there. With premine it is nice knowing what money is where and having the satisfaction of knowing there isn't going to be a dump on the market. Noble has a public ledger that shows where every bit of premine is and what its is being spent on. In addition to that, the Dev is constantly involved, online, and providing updates/feedback and keeping the coin moving.

If you haven't, you need to just check them out. Never want to miss out on the next big thing.

Why should coins be made for the devs to make money? That's not the spirit of cryptos, but it is when greedy capitalists want their slice of the pie.

What's so noble about Noblecoin and what does it offer that most other currencies don't?
full member
Activity: 252
Merit: 100
January 18, 2014, 05:48:38 PM
Honestly I still think premine is the nature of the beast today. This isn't 2009 where you can create something unique and have a chance to mine it before MultPools jump on you and cram you difficulty up to 200. As a dev there would be 0 return on your investment and there would be no real reward for people to make a difference, unless they are offering an IPO or something before hand.

That being said, I still think NobleCoin is the best out there. With premine it is nice knowing what money is where and having the satisfaction of knowing there isn't going to be a dump on the market. Noble has a public ledger that shows where every bit of premine is and what its is being spent on. In addition to that, the Dev is constantly involved, online, and providing updates/feedback and keeping the coin moving.

If you haven't, you need to just check them out. Never want to miss out on the next big thing.
full member
Activity: 224
Merit: 100
January 18, 2014, 04:35:45 PM
Hi all !

IMHO all alt coin is premine scam  Grin

Premine can be good, till a certain number. If the dev makes clear where the premine is used for and if it isn't a ridiculous amount you can safely say that it isn't a scam.

The % that constitutes a ridiculous amount will vary from person to person.

+1. People don't seem to realize how much 0.5% of 1 Billion is.. "SOMG, only 1% premine, soo good!!"
newbie
Activity: 56
Merit: 0
January 18, 2014, 04:01:01 PM
NMC - 100.000 but destroyed by btc-e, copperlark - 2 000 000...
legendary
Activity: 1789
Merit: 1008
Keep it dense, yeah?
January 18, 2014, 03:56:34 PM
Hi all !

IMHO all alt coin is premine scam  Grin

Premine can be good, till a certain number. If the dev makes clear where the premine is used for and if it isn't a ridiculous amount you can safely say that it isn't a scam.

The % that constitutes a ridiculous amount will vary from person to person.
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