Topic: Altcoins dead? - page 2. (Read 6364 times)

I wrote about this topic today in my Altcoinblog (in German, sorry)
Die Gründe für den schwachen Altcoinmarkt:
https://altcoinspekulant.wordpress.com/2015/11/13/die-gruende-fuer-den-schwachen-altcoinmarkt/

i hear investors say moon



you say it's not dead guys but how often do people post here ?

In my opinion, problem is constant flooding altcoin scene with huge amount of shitcoins and scamcoins. Altcoins now pop up on daily basis and ppl has lost lot of money and confidence. Every scammer/idiot/kid can hire developer and make his shitcoin. PPL get burned and never get back so there is more and more coins and less and less money in them every day so figure it out.

What do you think about dogecoin
Will dead or still alive
The prize this coin 39 satoshi,. Someday will drop to 20 satoshi or dead

It's perspective really, many pump and dump coins ruin the legitimate alt coins out there, I believe in BTC is the true crypto, but ALT coins do have a spot.

I have been scammed alot in alt coin world, so I started my own 2 years ago, no IPO/ICO no pump/dump, funded and supported by me only, It's not a big coin, but something I can get behind.

as the baron says..

It seems to me that all altcoins are just basically scamcoins... Anything I have ever invested in, which has been 5+ cryptos, has all flopped after the initial introduction. All cryptos are just wanna be bitcoins. Bitcoin will always be the best crypto out there IMO.

don't think altcoins are dead but bitcoin will always be #1

For me personally, I'd rather invest into bitcoin, I rather take my chances with bitcoins than any altcoin

Google fucked up Ripple ?
Sounds like i missed some pretty big news. (no idea what your talking about)
I don't pay much attention to Crypto News type stuff anymore though.
It always just ends up being some advertising for next gen scheme being flogged.

All i know is i don't see any reason for a repeat of the large crowd that came swooping in 2012.

Some how those of you still here heavily involved in all of this do.. or so you say

Here's the thing though; if a company releases a true PoW, zero premine, fair distribution altcoin then.... why wouldn't they just buy in and use an existing blockchain? 
 
I won't argue that if Google or Apple (or if they combined) said "we're redoing bitcoin, but relaunching it" they could seriously disrupt the market.  Fortunately, I think that company's are so dull that they will always try to retain some kind of measure of control over a coin, thus crushing any potential mass adoption. 
 
We are lucky Google fucked up Ripple so bad because now it set a bad precedent and we likely won't see any more corporate crypto until we already have a few key established and dominant blockchains that can't be competed with.

And here I was thinking you were just FUDing xD

But yeah, that's true, Android is basically simply equated the Samsung now. It actually pisses me off a little.

Wasn't Apple going to release a "coin" of sorts called iMoney? or something like that. However they would have a hard time bringing down Bitcoin, but building it into the iPhone, or Windows, or whatever product a big company has that is used by _most_ people, would cause a major disruption in the crypto market, plus it wouldn't have the stigma other Alts have because people would be like "Oh it's made by Apple, they don't deal drugs so it must be better than that Drugcoin thing" or something like that.

Just a question though: Why not build a better coin, one that would "trump" the other coins? Hire a dev and wait till the clones slow down, then innovate and release. It'll help with the adoption if it's simpler than Bitcoin, and will help the niche. Just an idea.

I know i at least have a few good points (thanks)
And i want to see this crypto stuff succeed which is why i am passionate about it (the so called yelling)
If -we- don't do it right and get real world adoption happening and fast i fear a major large company will swoop in.

Look at what Google did with Android..
We're running out of time as open source crypto advocate's.

If the Microsoft's roll out a coin of sorts it would prob be a set back for any potential adoption of an Altcoin.
Like we could still do what we're doing but if the big guys stomp in and snag all the users we're screwed.
And i bet a lot of paid research has been going on for years with all these big companies like Facebook etc.

Take Android for example again..
What if i made my own Spoetnik Droid ?
Average People would still think Samsung = Android at the store when buying a phone
and -my- project wouldn't even be there.

Could i continue on (in obscurity) ?
yeah but what is the point in making a currency that will NEVER be used as one ?

Jesus man, when you aren't screaming at us for defending Alts you make some really good points 

You're right when you say that opinions within the niche are virtually worthless when trying to gain mainstream attention. Most people only about bitcoin for one of two reasons:

1. That one "The Good Wife" episode
2. The silk road

Which is s shame, really. Bitcoin is so much more than people buying drugs online. All cryptocurrencies have that stigma as an illegal online drug-dealer currency. Hell, the only reason bitcoin is anywhere near the mainstream is because of its price.

But, is pandering such a problem when it comes to a currency like BTC or any of the alts? I mean sure, it's pretty much more secure then any financial institution around today, but the complexity does outweigh that. If a currency like BTC were to come along that was dead simple, simpler then even online banking, it would probably be gaining traction hand over fist. The issue is that because Bitcoin and a lot of alts are such large technological innovations, complexity is the name of the game. But it's not as if it's without "hope" if Bitcoin can manage to break the stigma of a drug-currency (which stuff like weedcoin doesn't help with) and "dumb" the UI and process down, it will probably see more "mainstream" use. I know it's a lot of speculation,  but I'm not saying it's going to happen soon,  it just needs to happen. We'll most likely see something similar in an Alt first, the problem is that Alts have a worse stigma than Bitcoin.

Sure, we have some large losses (mostly on the exchange rates of Alts) but people who are trying to simplify the process are the people who are going to open up the new "era (so to speak)" of Cryptos. They may not be making a lot of traction right now, but the journey of a thousand miles starts with the first step.

Problem is we don't matter.. are opinions are 100% worthless.
The only opinions that matter are out there.. all around the world.

The solution is of course to pander to "them" ..not us.

Is this whole "it's all about profit" routine going to continue to repel adoption ?
It already is.

And guy you said we have made some gains moving in the right direction.
Fair enough but has any of that made a quantifiable and tangible real world difference in the overall picture ?
.. i don't think so.

The crypto user base has shrunken and evaporated (as you claim gains were made)

I agree with you on all of these. When I was a noob I had no idea what the hell was going on, the chain took forever to download, the addresses were incredibly long and nigh-on-impossible to remember. If it weren't for the fact that I was so fascinated by these kinds of currency at the time I would never have stayed the course, and of course, as altcoins are based on Bitcoin, they suffer the same issues (besides the sketchy IPO's of new coins coming onto the market. Strictly a "new alt" problem.)

I also agree that in order for it to become "mainstream" it will need to be "dumbed down."

You're right that Cryptos are a niche product, at least for the time being they are. There isn't anything wrong with that, but expanding beyond a niche is hard.

The thing is, though, that I have no doubts in my mind that clever people will be able to overcome these problems through clever programming. We are already seeing services that allow you to make your address more "readable" and simpler, easier to understand wallet clients are coming out every other day. The only issue is, is the fact that most people in Alts are only in it for the money, they either trade it for a profit or pump it for a profit. There are some incredibly interesting and innovative Alts out there that make leaps and bounds in the crypto space, but for each of those there are a dozen clones, there's nothing wrong with that per-se, but it can cause a stigma to rise up.

You make some good points, and do point out some flaws in the altcoin space, but I don't think that that is a reason to abandon it wholeheartedly, maybe just don't invest a ton of money into it, that might even save them in the long run.

@whizz94
You may have a point.
Etherium was added to Microsoft Azure options or something i seen in the news.

But the vast majority of all these coins all suffer from the same problems.
Which to me seems like the chief reason for the down fall of Altcoin popularity.

Some of these i think are..

- Unfair sketchy initial distribution of coins.
- Block chains that have to be downloaded that take forever.
- Shitty wallets

Let's talk about the ole Windows QT
It's like a complicated heap of BS.
A windows qt wallet is like Windows vs Linux..
Windows is popular because it's easier to use and easier to fix etc
I think the majority of wallets are like a Linux OS to people out there.
They are going to be too complicated and a pain in the ass to deal with for the general public.
I hate to say it has to be dumbed down but it does in a way.

I ran an update for my Max coin wallet the other day and it took forever to start updating the chain.

So let's analyze that..

Will noob's know what a chain is ?
Will they know it might work if they wait and let the wallet run for hours searching ?
Will the high CPU usage of updating concern them ?
Will they know where to go to get a list of nodes to add ?
Will they know nodes can be added in the first place ?
Will they know HOW to add nodes ?
Will they be willing to wait extreme amounts if time to open the wallet to send / receive coins ?
Will they trust the wallet code ?
Will they know where it came from ?
Will they know where to get an update if needed ?
Will they know what to do if it stops working ?
Will they know that wallets are automatically updated like most software ?
Will they be happy seeing Anti-Virus software warnings on their wallet download ?
Will they know how to update their wallet manually ?
Will they be willing to update manually ?

I could go on.. you guys get the idea.

All i ever see is you guys bullshitting about a bright future circle jerking each other.
You spend years rambling on about tech bullshit that no one in the public is going to care about
or even understand if they come here and read it all (see: Monero Speculation topic 550 pages)
What good is a topic that is 550 pages long ? It is clearly for advertising and you nerds..
not the general public.

Long story short you guys have always and always will have your heads jammed up your ass.
Oblivious to reality !
Clueless to what is important and what should be done.. priorities.

EDIT:
We may need a corporate backer like Google / Android as an example.
I have long said this will probably be the outcome.. Big company players will walk in making these obsolete.

From what I've looked at, quite a lot of altcoins are severely undervalued by comparison to what those could end up doing.
Amazon are reputedly interested in the fast payment clearing times of some of the altcoins, though obviously they are too corporate to want any sort of proceeds-of-crime-coin getting used to buy stuff on Amazon.  Rumoured plan is to have some company approved wallet in cloud based vm hardware so that only a lightweight client is on the user kindle, and that uses proprietary coded transmission of instructions to the cloud to move some altcoins from user to vendor in exchange for goods and services.  The only reason why they didn't do that last year was that is seemed worth waiting to see what new algo and wallet improvements would get developed. 
There is no reason to limit such trading to only one altcoin, as there is room for personal preference.  The transaction limits will be quite small in the first year; possibly in the right sort of range to download a novel.

Now, who'd have a motive to talk down the price of most altcoins ?

Altcoins are not dead, there are a lot of them very popular  For example Doge, Dash, Monero 

Exactly..
You guys here are bitches.. like your mom whining at you about your "tone".
I was just here hours ago saying i said the same thing as some other guy
but when i say it i get called a troll but when he say sit you line up for the blow job.

It's all about "feelings" with you guys and trying to be happy (as people are scammed and ripped off etc)
i get told i am yelling all the time or that i am angry.
Funny thing is i have talked the same way since day 1.
So either i am angry every waking moment of my life or people are wrong.
NOTE:
My last three PM's were threats LOL

A fellow Canadian buddy of mine here has incessantly harped on the be nice routine since i started.
Note: He has worked for Cryptsy for a long time. (Mr BeNice LOL)
Why the hell should i be nice ?
Every single day i see you guys attack me and threaten me and rip other people off
and spend all your time coming here to pour on the bullshit to newb's to rape them for a profit.

You guys supporting clone coins don't deserve shit all. (and dev's aren't entitled to IPO / premine funding either)
i have long said when are YOU guys going to show a shred of concern for the victims of crypto ?

The moral is..
Be nice.. don't complain.. pretend things are going great and if you lose your BTC .. go make more.

I dont like bitcoin rise,my altcoins price is too low