Are becoming?
The joke has been ongoing for longer than I can stand. It ceased being funny quite some time ago.
Back then we had true innovators like overkill coin or stuff borderlining art such as ripoff coin!
And btw, BTC alternative in LTC... cmon man!
Topic: Altcoins are becoming a joke...... Anyone Agree? - page 3. (Read 2309 times)
Most altcoins have ALWAYS been a joke (glance back to the days of solidcoin).
There have been a few innovations.
Litecoins p2p pools, NXT & Counterparty, Cryptonote.
If you don't remember that 99% of what's going on in here are people trying to leave you holding a bag with something they created from nothing. Then you aren't thinking right.
Also - most of the innovation has moved out of the altcoin forums. AT, Ethereum, sidechains, etc.
There have been a few innovations.
Litecoins p2p pools, NXT & Counterparty, Cryptonote.
If you don't remember that 99% of what's going on in here are people trying to leave you holding a bag with something they created from nothing. Then you aren't thinking right.
Also - most of the innovation has moved out of the altcoin forums. AT, Ethereum, sidechains, etc.
I'd say ~10% of current alts have a chance at success (so 90% are worthless), but that's still a good number of coins. Once the bear market ends for good I predict another wave of alt coins but the bar will be higher this time, so more professional scams, and a few decent coins with some genuine innovation
the key to alt investing success is research & reading, and many here don't bother with that, so they judge all alts as being similar when many aren't. NXT started as an alt, and most said it was a scam, but they were clearly wrong.
the risk/reward profile for alts makes them profitable for scammers, but also profitable for people willing to wade through this damn forum
Most altcoins have ALWAYS been a joke (glance back to the days of solidcoin).
There have been a few innovations.
Litecoins p2p pools, NXT & Counterparty, Cryptonote.
If you don't remember that 99% of what's going on in here are people trying to leave you holding a bag with something they created from nothing. Then you aren't thinking right.
Also - most of the innovation has moved out of the altcoin forums. AT, Ethereum, sidechains, etc.
There have been a few innovations.
Litecoins p2p pools, NXT & Counterparty, Cryptonote.
If you don't remember that 99% of what's going on in here are people trying to leave you holding a bag with something they created from nothing. Then you aren't thinking right.
Also - most of the innovation has moved out of the altcoin forums. AT, Ethereum, sidechains, etc.
You should read Nathaniel Popper's book "Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money"
http://www.amazon.com/Digital-Gold-Bitcoin-Millionaires-Reinvent/dp/0062362496
It's a great account of how the early bitcoin adopters nursed bitcoin to where it is today. I knew the basic outline of the history, but Popper's account made me realise what all these early adopters had in common - their excitement for bitcoin had nothing to do with the world as it was, but with the world they could imagine, and the price of bitcoin and the number of users didn't deter them.
Can you imagine a world with hundreds of viable digital currencies? I can, and that's what I expect will happen in 3-5 years time, and some of those currencies exist today, and they're basically worth peanuts today, just like bitcoin was in 2010/11.
My big fear is banks and corporations will launch their own coins, so by the time the general public learn what a blockchain is they'll be using 100's of corporate coins that have nothing to do with the original vision for decentralized finance. That's why I think the SuperNET is so cool, as it's basic premise seems to be all alt coins should compete for end users, but they should do it in a co-operative way, like shops in a mall.
Shoppers like going to the mall because everything is there in the one place so its convenient (like the SuperNET client will be), but individual shops are competing none the less. Individual alt coins have no chance against citibank coin, but SuperNET definitely will!!
http://www.amazon.com/Digital-Gold-Bitcoin-Millionaires-Reinvent/dp/0062362496
It's a great account of how the early bitcoin adopters nursed bitcoin to where it is today. I knew the basic outline of the history, but Popper's account made me realise what all these early adopters had in common - their excitement for bitcoin had nothing to do with the world as it was, but with the world they could imagine, and the price of bitcoin and the number of users didn't deter them.
Can you imagine a world with hundreds of viable digital currencies? I can, and that's what I expect will happen in 3-5 years time, and some of those currencies exist today, and they're basically worth peanuts today, just like bitcoin was in 2010/11.
My big fear is banks and corporations will launch their own coins, so by the time the general public learn what a blockchain is they'll be using 100's of corporate coins that have nothing to do with the original vision for decentralized finance. That's why I think the SuperNET is so cool, as it's basic premise seems to be all alt coins should compete for end users, but they should do it in a co-operative way, like shops in a mall.
Shoppers like going to the mall because everything is there in the one place so its convenient (like the SuperNET client will be), but individual shops are competing none the less. Individual alt coins have no chance against citibank coin, but SuperNET definitely will!!
altcoins is nothing but a joke at this point
meaningless coins after coins, the creator of the scam coin might make a few btc then disappeared forever to make new coins, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat... let me know if no one not understand the word repeat.
meaningless coins after coins, the creator of the scam coin might make a few btc then disappeared forever to make new coins, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat, repeat... let me know if no one not understand the word repeat.
Yes I definitely agree with you and always think while watching the altcoin calender that what's the use of all these altcoins, these all are just pump and dump.
any altcoin without 1 million in daily volume is a joke i.e. anything not litecoin 
Everyday there is a new SHITcoin being released. It's becoming a joke now. Enough is Enough!
Nobody accepts these Altcoins as currency, or payment, and nobody outside of this forum (and the cryptocurrency community) knows what the hell a Litecoin, Dogecoin, NXT, or Monero is.....
People in the real world BARELY know what Bitcoin is.... It's gonna be another 5+ years before Bitcoin starts to meet it's true potential.
The creation of new Altcoins needs to stop, let's face it... Bitcoin has BILLIONS invested into it, and isn't going anywhere. Until Bitcoin fully penetrates the mainstream, no Altcoin will be a successful predecessor.
Also 1 more thing.... Cryptocurrencies are not stocks.
Let's discuss.
(Monero & Litecoin are the only candidates to be the BTC alternative)
Nobody accepts these Altcoins as currency, or payment, and nobody outside of this forum (and the cryptocurrency community) knows what the hell a Litecoin, Dogecoin, NXT, or Monero is.....
People in the real world BARELY know what Bitcoin is.... It's gonna be another 5+ years before Bitcoin starts to meet it's true potential.
The creation of new Altcoins needs to stop, let's face it... Bitcoin has BILLIONS invested into it, and isn't going anywhere. Until Bitcoin fully penetrates the mainstream, no Altcoin will be a successful predecessor.
Also 1 more thing.... Cryptocurrencies are not stocks.
Let's discuss.
(Monero & Litecoin are the only candidates to be the BTC alternative)
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