A warning about Alt-Coins - page 62.

maxxoccupancy

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Quote from: nate008 on December 15, 2013, 12:03:28 AM

Quote from: maxxoccupancy on December 14, 2013, 11:59:17 PM

Once again: If you're considering development of an altcoin, please make it fundamentally different and more useful than what's out there. If it's just another Bitcoin clone, don't ask us to download another CrapCoin-Qt wallet.

I have been communicating with others about building an altcoin that has mechanism built in to reduce volatility while still appreciating in value. That, for example, is something that is a benefit to the end investor.

And you say that having in your signature... quaks and doge!
Oh Really!
That sig tells a different story than your post.

Both QuarkCoin and DogeCoin are different. For the former, the underlying technology is different, more secure, and faster. DogeCoin? Well, it's just fun. I can't imagine Bitcoins ever having been cool like these.

nate008

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Quote from: max2838 on December 15, 2013, 02:30:35 AM

How long do you guys think it will take before these lesser known altcoins (not top 5) gain traction?

Whats do you mean traction?
Like daily use? Stores and restaurants accepting alts like they do with bitcoin now?
A few decades.

max2838

newbie

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How long do you guys think it will take before these lesser known altcoins (not top 5) gain traction?

pand70

sr. member

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Quote from: maxxoccupancy on December 14, 2013, 11:59:17 PM

Once again: If you're considering development of an altcoin, please make it fundamentally different and more useful than what's out there. If it's just another Bitcoin clone, don't ask us to download another CrapCoin-Qt wallet.

You mean different like dogecoin and quarkcoin different? Roll Eyes

Lovethecoins

hero member

Activity: 658

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Dodgecoins please and thank you

DTToFJTyGNcQAx527gfoNuTiagxCZE6mCy

nate008

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Activity: 70

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Quote from: maxxoccupancy on December 14, 2013, 11:59:17 PM

Once again: If you're considering development of an altcoin, please make it fundamentally different and more useful than what's out there. If it's just another Bitcoin clone, don't ask us to download another CrapCoin-Qt wallet.

I have been communicating with others about building an altcoin that has mechanism built in to reduce volatility while still appreciating in value. That, for example, is something that is a benefit to the end investor.

And you say that having in your signature... quaks and doge!
Oh Really!
That sig tells a different story than your post.

maxxoccupancy

member

Activity: 70

Merit: 10

Once again: If you're considering development of an altcoin, please make it fundamentally different and more useful than what's out there. If it's just another Bitcoin clone, don't ask us to download another CrapCoin-Qt wallet.

I have been communicating with others about building an altcoin that has mechanism built in to reduce volatility while still appreciating in value. That, for example, is something that is a benefit to the end investor.

nate008

member

Activity: 70

Merit: 10

Quote from: Lovethecoins on December 14, 2013, 11:12:08 PM

Hello everyone!!!

Alt-coin fan here looking for some dogecoin help

Please and thank you

DTToFJTyGNcQAx527gfoNuTiagxCZE6mCy

By looking for help you mean looking for somebody to give you free coins? That's called begging not help.!

Lovethecoins

hero member

Activity: 658

Merit: 500

Hello everyone!!!

Alt-coin fan here looking for some dogecoin help

Please and thank you

DTToFJTyGNcQAx527gfoNuTiagxCZE6mCy

nate008

member

Activity: 70

Merit: 10

Quote from: NeonMeadow on December 14, 2013, 10:01:21 PM

Multi-coin payment accepter services are going to become super popular. People should be able to pay for things they want with anything that has value. Collected shells, old Nike tennis shoes, and cryptocurrencies.

And we're back in the prehistoric era ? One wabbit pelt for one stick and 3 bananas for a cutting stone?

NeonMeadow

newbie

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Multi-coin payment accepter services are going to become super popular. People should be able to pay for things they want with anything that has value. Collected shells, old Nike tennis shoes, and cryptocurrencies.

nate008

member

Activity: 70

Merit: 10

Quote from: iaps on December 14, 2013, 09:32:13 PM

Quote from: Aosana on May 08, 2013, 11:47:20 AM

Quote from: kaiwahine on May 08, 2013, 11:46:15 AM

Quote from: Aosana on May 08, 2013, 11:11:02 AM

True that. It is kind of discouraging when you can only mine .00001 of a bitcoin. Mining a whole Litecoin or something is much more satisfying.

Absolutely. And if you're starting with a cpuminer or small gpu, the transaction fees can really take a bite. Smaller value coins automatically have smaller fees - or at least you can cash out quicker and feel like you're accomplishing something, even if it's in millipennies.

I feel that you also make more if you can save those Alt-Coins, you never know when they might have a huge hit.

I couldn't agree more. My strategy is to mine a little of this, and a little of that and just sit on them for a while to see where the value goes. It took BTC nearly 4 years to get anywhere. However, now that the general public is fully aware of altcoins, and BTC is becoming played out for the average home user that doesn't have ASIC multiple-thousand dollar rigs, I think thats all the better and altcoins will flourish that much quicker because more people can actually get coins instead of just those with ASIC miners.

That is communist propaganda , sorry for it.
You say that if you build a bicycle in your garden those are better than a mercedes because you can't build one , but only people with lots of money can?

It's the utility that counts , and already shops have problems with one coin , just thinking about accepting more that one is a nightmare.

Also , is a coin becomes popular , miners will switch to it and make mining it less attractive.
If LTC hits 200 , you're going to see scrypt asics flooding the market.

The way you post this , looks like altcoins cam make everybody rich , you know how that sounds?

iaps

newbie

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Quote from: Aosana on May 08, 2013, 11:47:20 AM

Quote from: kaiwahine on May 08, 2013, 11:46:15 AM

Quote from: Aosana on May 08, 2013, 11:11:02 AM

True that. It is kind of discouraging when you can only mine .00001 of a bitcoin. Mining a whole Litecoin or something is much more satisfying.

Absolutely. And if you're starting with a cpuminer or small gpu, the transaction fees can really take a bite. Smaller value coins automatically have smaller fees - or at least you can cash out quicker and feel like you're accomplishing something, even if it's in millipennies.

I feel that you also make more if you can save those Alt-Coins, you never know when they might have a huge hit.

I couldn't agree more. My strategy is to mine a little of this, and a little of that and just sit on them for a while to see where the value goes. It took BTC nearly 4 years to get anywhere. However, now that the general public is fully aware of altcoins, and BTC is becoming played out for the average home user that doesn't have ASIC multiple-thousand dollar rigs, I think thats all the better and altcoins will flourish that much quicker because more people can actually get coins instead of just those with ASIC miners.

nate008

member

Activity: 70

Merit: 10

Quote from: BTCCool on December 14, 2013, 08:44:33 PM

AltCoins are a speculator's dream! Grin

Altcoins are everybody dream of getting a Lambo like Goat did , but with some xcoin that they have mined while chatting on facebook.

BTCCool

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AltCoins are a speculator's dream! Grin

Don007

legendary

Activity: 1050

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Live like there is no tomorrow!

Applecoin and Yacoin that I know of. Maybe Quark.

But you won't really reach high hashrates with a CPU..

PLACAPLACA

newbie

Activity: 20

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Hi, I am newbie
What alt coins are mined by CPU?
I am interested only in CPU mining.

Thanks.

gminerph

newbie

Activity: 7

Merit: 0

Ive been mining goldcoin lately. Its a very good alt coin to get into

NeonMeadow

newbie

Activity: 7

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Hi, I'm a newbie, wondering what the general consensus is on cloud mining. What are the reputable sites for this? I was thinking of opening an account at Cex.io, but it's hard to find out what their reputation is. Is there a good place to look for reviews? Forgive me if this is a duplicate question from another thread, haven't looked around that much, but I see I need to post something to be able to participate here. Thanks!

articminer

newbie

Activity: 42

Merit: 0

Great thank you for the info. These new Alts are very interesting.

Topic: A warning about Alt-Coins - page 62. (Read 901729 times)