Topic: altcoins are all dying - page 6. (Read 11189 times)

LTC is still copy-paste, who remembers tenebrix and fairbrix  ..what was that other shit geist gold or something. sat doing nothing for years then only saw a rise after keiser pump. joke coin, not the silver. ASIC centralisation quietly on the horizon, and it's supposed to be ASIC proof as a main attraction. Supporting LTC will be supporting the manafacturers who will sell their units at xxxx% markups.
 
Real innovations are not these flappcoin, country-gimmick coin or other shit clone flavor of the week emulating bitcoin and mined by few 15 year olds for extra pocket money,which will eventually completely reach saturation point. some will make money orchestrating these scams and some will be bagholders. the innovation is with entirely new concepts that provide brand new decentralised solutions to centralised problems in exactly the way bitcoin did.

for instance, hundreds of thousands of coins have been lost because of these centralised points of failures. Gox. BTCT, Bitfunder, GLBSE the list can go on for ever. Hundreds of millions of $'s destroyed because of centralised points of failures. With assets which offer P2P decentralised exchange built upon bitcoins distributed blockchain these are a thing of the past
of these next gen protocol layers that serve real functions, counterparty (XCP) is the fairest and here right now. It's my opinion this is the true dark horse out of current line-up.  These provide VALUE beyond short-term speculative interest. PTS, MSC, ETH are money grabs primarily and so far more talk than action. ANXT is good, with a fantastic community but the distribution model was flawed, the wealth disparity there is way too skewed

 

Prices already imploded, and threads like this one (everybody Bearish) means it might be time to turn Bullish soon.

There must be some new idea to make any or altcoins more mainstream. For sure any more clones of already existing coins doesn't help, but most of altcoins will be doing fine as long as people would be using them.

Busting my ass at work everyday to pay my $550/mo electric bill, and pay for $1000s in hardware is labor.

Turning on your computer and running a script to mine for coins hardly meets the definition of labor, just saying...

I am not buying this PoS concept. For one reason, human society does not favor socialism in the past. If you can get paid without effort, then nobody will end up working. If you want to succeed, you work harder than others. so far I am wrong with pos coins, they seems to be hold on longer than pow coins, but we will meet in the finish line. When satoshi create btc, he actually had an economic model in his mind(the distribution cycle is much better than mec or the rest), those pos, has nothing comparable.  

What we need is PoS COINS. Not scrypt, Not Sha, Not anything besides PoS.

PoS= Proof of Stake, where No Mining is involved!

Those are the future of cryptocurrencies.

I am not buying this PoS concept. For one reason, human society does not favor socialism in the past. If you can get paid without effort, then nobody will end up working. If you want to succeed, you work harder than others. so far I am wrong with pos coins, they seems to be hold on longer than pow coins, but we will meet in the finish line. When satoshi create btc, he actually had an economic model in his mind(the distribution cycle is much better than mec or the rest), those pos, has nothing comparable.