Topic: Altcoins are becoming a joke...... Anyone Agree? (Read 2309 times)

lol. it's okay to create whatever you want as long as you're not using it to rip people off. Marketcap of crypto has decreased since 2014 and it'll keep falling. As much as you're enjoying your BTC from pnd the reality is it's not attracting new investors and those who are getting attracted are leaving after losing money. In few years marketcap would die down to few hunder dollars if things keep going the way they are right now.

It depend for which alt coin?? Maybe for new and un stabile alt coin they will becaome anothers jokes of the year, but for some big alt coin like doge lite and btc they still have bright future because there already alot of people have develope and build in Trust to that coint

real or even scam company would files lot of paper works in other to trade on over-the-counter oct or pink sheet stock. here with crytocurrency only copy/paste or duplicated blue print and pay bittrex a messy back door of 1btc as sponsored and you could make ton of money, in cryptocurrency land you don't need employees(pos coin), all you need is a duplicated coin 100% own by you, scam exchange like bittrex and the dumb morons who think they're getting a very cheap meaningless air coin. don't worry there are lot of dumb morons who are willing to buy into anything.

Some of the altcoins have a project behind their self. there are not joke .... but i believe if people accept altcoins are a big joke , the price of Btc going up to $10000 or more ....

I agree, with the exception of several alt projects with serious innovation. However I think the Alt section on BitcoinTalk is a joke. 

It's this board's favourite running gag.

I like to think cryptocurrency exists because there is no one to tell us to stop, or what we can do with our money, or how we transact our financial affairs, Like it or not, this is what unbridled freedom is: beautiful anarchy. If anyone has the means, they can create a new coin of their liking, without limits, rules, and the permission of an unelected authority. And it is solely up to you, the investor, to protect yourself from losses. I wouldn't want it any other way. Like every thing else in the world, the good far outweighs the bad, especially when you consider benefits of the open-source software.

Like a true free market, cryptocoins with integrity, innovation, usefulness, and loyal communities are thriving. They are not hurt by the proliferation of alts, nor would they be helped by limiting them. It is not particularly difficult to identify good coins, especially with the resources of the internet. I have the notion that greed plays a large role in people chasing these new alts and getting burned. For that, they are rightfully punished. For those who naively stumble into the trap, well, eduction ain't free.

What the community members can and should do is police itself, rout out the serial scammers and endorse good coins based on the criteria above. Everyone will benefit here.

Long live cryptocurrencies and open-source software!

...and this turns into a hawk your bags to others thread. How typical.

Well most of the altcoins are a joke,
if you want a really good coin thats NOT a joke, take a look at DigiByte
It's fast and is really cheap atm, so get in before the train leaves

Funny that you keep your own selfcoin that you use with your friends.  I guess that if anyone did figure out how to connect to your coin's network then they could make yourcoin into theircoin with not too much hashing power

anyone with little technical skills can create an altcoin...so yeah..they're becoming a joke. People invest in them to make money...it's easier to just create your own coin if all you want is money. Tech behind altcoins (blockchain) is something that can never become a joke...you can bend the rules as you please and make altcoin suitable to your needs...hell I have few altcoins that I use with my friends to place bet. You'll never see them online though....they're mine and very useful to me.

it's like open source OS. You do what you please and anyone can copy it.

If a business, that has issued stocks, has a very good and promising innovation, patented technology, investors usually arrive.
But if it is a crypto innovation (open source, decentralized), it is available for everyone usually.
In the same time crypto innovation is narrow-specialized in comparison with business innovations.

That is an example why we cannot compare investing in cryptocurrency with investing in stocks.
If we think cryptocurrencies=stocks, we don't understand why non-innovative Doge has $18 mln market capitalization, and we miss the boat of other good "non-innovative" currencies.

lmfao bobsurpulus

Altcoins are awesome. I´m a total cryptoalcoholic......

New coins = money (BTC)

If you don´t like them. Don´t waste your time. 

Marketing and memes are fading away with time. Innovations last longer and contribute to the community. Technologically Dogecoin is a popular shitcoin with a pretty good marketing indeed. Period. However if we take a look at the impact of it, I think DOGE was the gate to cryptos for many people, and probably contributed a lot in generally increasing the acceptance and publicity of cryptoes, so I tend to agree in some cases even shitcoins can serve a good cause .

By who?

Not sure. Not always. We don't know in fact.
"The earliest recognized joint-stock company in modern times was the English (later British) East India Company, one of the most famous joint-stock companies. It was granted an English Royal Charter by Elizabeth I on December 31, 1600."
Stock market is well-studied since 1600. Cryptocurrency market is not, it is very young.

OP is basically correct.  I was recently offered some work by some altcoin developers.  They wanted to pay me in millions of their new altcoin.  When I asked them to pay in BTC they said, well you can exchange our altcoin on such-and-such exchange.  I told them, I'm sorry, I'd like to receive the payment in BTC, if you guys can do the exchange, that'd be fine.  It turns out that they basically can't exchange that many of their coins for btc because it would crash the already tiny price all the way down to zero.  And these guys had no BTC of their own to pay me with.  Here we had some guys trying to hire me as a developer with money they were inventing.

I hope people are being smart about this.  BTC has real value (and volitilty, but that's another story), but many of these altcoins are like the paper money printed by interstitial regimes---bound to be worthless.  Don't take them for payment, make people pay you in real money if they're expecting real work.

You might say that cryptocurrencies are like trees, but that doesn't help you to understand them. Saying they are like stocks does help you to understand them because this is a useful analogy - they have broadly similar attributes and behave in a broadly similar way.

Why do you think innovations can be technical only?
In the U.S or Japan you can patent not only technical solutions as innovations.
And why do you think that technical innovations cannot be implemented later?
Why do you think that innovations is the most important thing?
Huntercoin (HUC) is completely innovative, it is a pioneer of Human-proof, with market capitalization $17,000.
Dogecoin is not innovative with market capitalization $18 million.

Following your logic and your "sh*t argument",  Dogecoin is "sh*t" coin?

Btw Dogecoin was based on a code of one of current Mooncoin's developers.