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Topic: A warning about Alt-Coins - page 39. (Read 901729 times)

legendary
Activity: 2912
Merit: 6403
Blackjack.fun
December 26, 2013, 05:28:54 AM
Hi guys, what do y'all think about Catcoin? Is it worthy to mine them now or is it too late already?
Cat coin is the most serious coin of DOGE parody. You can start mine it while difficulty is not big.
Are you sure you think about catcoin and not kittehcoin?
newbie
Activity: 5
Merit: 0
December 26, 2013, 05:11:58 AM
Hi guys, what do y'all think about Catcoin? Is it worthy to mine them now or is it too late already?
Cat coin is the most serious coin of DOGE parody. You can start mine it while difficulty is not big.
hero member
Activity: 518
Merit: 500
December 26, 2013, 05:04:48 AM
Hello guys, just made my acc here Smiley
I wanted to buy some casino coins but my wallet can not sync ... It just stays at 0 connections and thats it.

Can any one please help me out.

Thanks !
newbie
Activity: 8
Merit: 0
December 26, 2013, 05:00:16 AM
How much would I need to invest to start mining Litecoin? Rough estimate on potential ROI? Nothing specific just looking for a general idea. Thanks!!!
newbie
Activity: 27
Merit: 0
December 26, 2013, 04:54:38 AM
What do u guys think about skycoin

An interesting coin Smiley (I'm ironic here).
Clone of NXT principle , let's forget of mining , we "mine" or created it all from the start and sell them all to stupid people.

Skycoin's gonna' fly--the sky's the limit! By the way, if you wanna' join up on Ecrypto, be a bro and use this link:

http://ecrypto.net?ref=405

You can trade NXT there, I think!

Why should it fly? Any real reasons for it? Not the name and not another story about the famous devs behind it.
Also , I liked how your fer link got broken. Wink

How do you fix the broken links?

http://ecrypto.net?ref=405

DGEX is also a nice place to trade...

http://dgex.com/index.htm?5387

By the way, SkyCoin will fly simply because it's new! Nearly all coins experience a sharp increase in value early on!
newbie
Activity: 42
Merit: 0
December 26, 2013, 04:52:52 AM
Здpaвcтвyйтe .  я  нoвичeк.   пoдcкaжитe    ecть ли  бyдyющee  y   NXT  Huh    Cпacибo
legendary
Activity: 1232
Merit: 1195
December 26, 2013, 04:45:49 AM
Based on this article today on Marketwatch if there was an alt coin say CRD coin for Crude oil trading it would be an instant hit.   It stands to reason that an instantly traded currency would rule this fast paced marketplace.   To me this is a real world marketplace that stands to benefit from such a perfect trading apparatus.


There has been speculation for months about whether bitcoins might be accepted as legal tender by a major developed nation, whether the Chinese will accept them, or whether big web retailers will take then instead of conventional currencies. But the big breakthrough for digital money is more likely to come from the oil cartel, OPEC.

For decades, oil has been priced in dollars but key member states such as Iran, Algeria or Angola are not particularly friendly to the United States, even if they are not quite as hostile as they once were. They have been making noises about switching the price of oil out of the American currency for years, but have never quite managed to agree on alternative.

The euro was a runner for a while, until it started to implode. But what about bitcoins? It is a global currency, with no central bank trashing its value, and it might well prove a better store of value for countries that know their oil won’t last forever. If any single move establishes bitcoin as a serious monetary rival to the dollar, that will be it — and there will be more than a few wry smiles in Tehran over that.




 PS  If any of you devs pick this up keep me in mind  Wink


So , why make a new altcoin that does the same thing as bitcoin , just for a name?
Look at all the stupid casino,games,bet,lucky,poker coins that came out and look how many are used in online games and how many online betting websites are using bitcoins.

Do you pay with gaseuros at the gas station , with carrefoureuros at the supermarket , with electriceuros your electricity bill?

This is what annoys me. It's basically people just trying to get rich quick by covering a niche.
newbie
Activity: 1
Merit: 0
December 26, 2013, 04:45:30 AM
Hi guys, what do y'all think about Catcoin? Is it worthy to mine them now or is it too late already?
newbie
Activity: 8
Merit: 0
December 26, 2013, 04:30:23 AM
Thanks for topic ..really good topic.. Smiley
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
December 26, 2013, 04:27:58 AM
What do u guys think about skycoin

An interesting coin Smiley (I'm ironic here).
Clone of NXT principle , let's forget of mining , we "mine" or created it all from the start and sell them all to stupid people.

Skycoin's gonna' fly--the sky's the limit! By the way, if you wanna' join up on Ecrypto, be a bro and use this link:

http://ecrypto.net?ref=405

You can trade NXT there, I think!

Why should it fly? Any real reasons for it? Not the name and not another story about the famous devs behind it.
Also , I liked how your fer link got broken. Wink
newbie
Activity: 27
Merit: 0
December 26, 2013, 04:22:46 AM
What do u guys think about skycoin

An interesting coin Smiley (I'm ironic here).
Clone of NXT principle , let's forget of mining , we "mine" or created it all from the start and sell them all to stupid people.

Skycoin's gonna' fly--the sky's the limit! By the way, if you wanna' join up on Ecrypto, be a bro and use this link:

http://ecrypto.net?ref=405

You can trade NXT there, I think!
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
December 26, 2013, 03:23:15 AM
What is a good way to know or research what alt-currencies will be good or not?  I agree as someone said some but not all will or could do well.  Yet, there are at least 100 alt-currencies available.  For instance, Quarkcoin is in the top 10, but at 243 million coins still outstanding, does anyone believe that this might hurt this particular currency?


Yeah , it will hurt mining when the reward goes to 1/16 per block.
Since it's cpu based > easy pray for a botnet.
Also it's inflation doesn't help it a lot compared to other coins. Why the hell have inflation when people went into cyptocoins for fear of inflation.

It's already have hurt mining, since current reward per block is 8 QRK, while it was 2048 at the beginning. And basically almost all quarks are already mined, so we just mining inflation, or about 0.4-0.5% currently mined quarks.


Do you or anybody else reading this thread happen to know a place where you can check the hashing rate of the quark network over the last 30 days or so?
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
December 26, 2013, 03:21:17 AM
Based on this article today on Marketwatch if there was an alt coin say CRD coin for Crude oil trading it would be an instant hit.   It stands to reason that an instantly traded currency would rule this fast paced marketplace.   To me this is a real world marketplace that stands to benefit from such a perfect trading apparatus.


There has been speculation for months about whether bitcoins might be accepted as legal tender by a major developed nation, whether the Chinese will accept them, or whether big web retailers will take then instead of conventional currencies. But the big breakthrough for digital money is more likely to come from the oil cartel, OPEC.

For decades, oil has been priced in dollars but key member states such as Iran, Algeria or Angola are not particularly friendly to the United States, even if they are not quite as hostile as they once were. They have been making noises about switching the price of oil out of the American currency for years, but have never quite managed to agree on alternative.

The euro was a runner for a while, until it started to implode. But what about bitcoins? It is a global currency, with no central bank trashing its value, and it might well prove a better store of value for countries that know their oil won’t last forever. If any single move establishes bitcoin as a serious monetary rival to the dollar, that will be it — and there will be more than a few wry smiles in Tehran over that.




 PS  If any of you devs pick this up keep me in mind  Wink


So , why make a new altcoin that does the same thing as bitcoin , just for a name?
Look at all the stupid casino,games,bet,lucky,poker coins that came out and look how many are used in online games and how many online betting websites are using bitcoins.

Do you pay with gaseuros at the gas station , with carrefoureuros at the supermarket , with electriceuros your electricity bill?

Well that's a good point, but to think that there will ultimately only be one digital currency is probably not realistic.   I guess my thinking is more along the lines of a digital currency that has some intrinsic value based on the crude oil it represents.  Like the gold standard used to be for the dollar.  I don't know really, it was just an idea that I haven't given a lot of thought to.

Do you now why I used euro and not usd?
Not because I'm an European  but to already answer to your future question.

So:
Well that's a good point, but to think that there will ultimately only be one digital currency is probably not realistic

Why not?
With the euro , 20+ (and more coming next decade)  currencies have gone extinct.
Give one reason why we would not have only one in the whole world in 100 years.
newbie
Activity: 29
Merit: 0
December 26, 2013, 03:16:42 AM
Thanks for the info
member
Activity: 84
Merit: 10
December 26, 2013, 02:55:22 AM
Based on this article today on Marketwatch if there was an alt coin say CRD coin for Crude oil trading it would be an instant hit.   It stands to reason that an instantly traded currency would rule this fast paced marketplace.   To me this is a real world marketplace that stands to benefit from such a perfect trading apparatus.


There has been speculation for months about whether bitcoins might be accepted as legal tender by a major developed nation, whether the Chinese will accept them, or whether big web retailers will take then instead of conventional currencies. But the big breakthrough for digital money is more likely to come from the oil cartel, OPEC.

For decades, oil has been priced in dollars but key member states such as Iran, Algeria or Angola are not particularly friendly to the United States, even if they are not quite as hostile as they once were. They have been making noises about switching the price of oil out of the American currency for years, but have never quite managed to agree on alternative.

The euro was a runner for a while, until it started to implode. But what about bitcoins? It is a global currency, with no central bank trashing its value, and it might well prove a better store of value for countries that know their oil won’t last forever. If any single move establishes bitcoin as a serious monetary rival to the dollar, that will be it — and there will be more than a few wry smiles in Tehran over that.




 PS  If any of you devs pick this up keep me in mind  Wink


So , why make a new altcoin that does the same thing as bitcoin , just for a name?
Look at all the stupid casino,games,bet,lucky,poker coins that came out and look how many are used in online games and how many online betting websites are using bitcoins.

Do you pay with gaseuros at the gas station , with carrefoureuros at the supermarket , with electriceuros your electricity bill?

Well that's a good point, but to think that there will ultimately only be one digital currency is probably not realistic.   I guess my thinking is more along the lines of a digital currency that has some intrinsic value based on the crude oil it represents.  Like the gold standard used to be for the dollar.  I don't know really, it was just an idea that I haven't given a lot of thought to.
full member
Activity: 227
Merit: 260
December 26, 2013, 02:47:13 AM
What is a good way to know or research what alt-currencies will be good or not?  I agree as someone said some but not all will or could do well.  Yet, there are at least 100 alt-currencies available.  For instance, Quarkcoin is in the top 10, but at 243 million coins still outstanding, does anyone believe that this might hurt this particular currency?


Yeah , it will hurt mining when the reward goes to 1/16 per block.
Since it's cpu based > easy pray for a botnet.
Also it's inflation doesn't help it a lot compared to other coins. Why the hell have inflation when people went into cyptocoins for fear of inflation.

It's already have hurt mining, since current reward per block is 8 QRK, while it was 2048 at the beginning. And basically almost all quarks are already mined, so we just mining inflation, or about 0.4-0.5% currently mined quarks.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
December 26, 2013, 02:24:26 AM
What is a good way to know or research what alt-currencies will be good or not?  I agree as someone said some but not all will or could do well.  Yet, there are at least 100 alt-currencies available.  For instance, Quarkcoin is in the top 10, but at 243 million coins still outstanding, does anyone believe that this might hurt this particular currency?


Yeah , it will hurt mining when the reward goes to 1/16 per block.
Since it's cpu based > easy pray for a botnet.
Also it's inflation doesn't help it a lot compared to other coins. Why the hell have inflation when people went into cyptocoins for fear of inflation.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
December 26, 2013, 02:21:55 AM
What do u guys think about skycoin

An interesting coin Smiley (I'm ironic here).
Clone of NXT principle , let's forget of mining , we "mine" or created it all from the start and sell them all to stupid people.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
December 26, 2013, 02:17:58 AM
Based on this article today on Marketwatch if there was an alt coin say CRD coin for Crude oil trading it would be an instant hit.   It stands to reason that an instantly traded currency would rule this fast paced marketplace.   To me this is a real world marketplace that stands to benefit from such a perfect trading apparatus.


There has been speculation for months about whether bitcoins might be accepted as legal tender by a major developed nation, whether the Chinese will accept them, or whether big web retailers will take then instead of conventional currencies. But the big breakthrough for digital money is more likely to come from the oil cartel, OPEC.

For decades, oil has been priced in dollars but key member states such as Iran, Algeria or Angola are not particularly friendly to the United States, even if they are not quite as hostile as they once were. They have been making noises about switching the price of oil out of the American currency for years, but have never quite managed to agree on alternative.

The euro was a runner for a while, until it started to implode. But what about bitcoins? It is a global currency, with no central bank trashing its value, and it might well prove a better store of value for countries that know their oil won’t last forever. If any single move establishes bitcoin as a serious monetary rival to the dollar, that will be it — and there will be more than a few wry smiles in Tehran over that.




 PS  If any of you devs pick this up keep me in mind  Wink


So , why make a new altcoin that does the same thing as bitcoin , just for a name?
Look at all the stupid casino,games,bet,lucky,poker coins that came out and look how many are used in online games and how many online betting websites are using bitcoins.

Do you pay with gaseuros at the gas station , with carrefoureuros at the supermarket , with electriceuros your electricity bill?
newbie
Activity: 42
Merit: 0
December 26, 2013, 01:21:07 AM
It's good idea to collect Dogecoin?
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