Alternate Cryptocurrencies Rewiew | Bitcointalksearch.org

bulanula

hero member

Activity: 518

Merit: 500

Quote from: grod on October 10, 2011, 10:59:16 PM

Quote from: Bobnova on October 10, 2011, 06:26:38 PM

Everyothercoin: Will likely mine, will trade for BTC, will sell BTC, don't believe it'll fly.

There's always a chance it will fly. However, the certainty of free money trumps the snowball's chance in hell of becoming a *coin billionare, so I dump as people pump.

Nice theory.

grod

full member

Activity: 154

Merit: 100

Quote from: Bobnova on October 10, 2011, 06:26:38 PM

Everyothercoin: Will likely mine, will trade for BTC, will sell BTC, don't believe it'll fly.

There's always a chance it will fly. However, the certainty of free money trumps the snowball's chance in hell of becoming a *coin billionare, so I dump as people pump.

Bobnova

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Nope, sure ain't.

Who in their right mind buys something over the internet with a currency that cannot be reclaimed if the seller doesn't ship your item?

bulanula

hero member

Activity: 518

Merit: 500

Quote from: Bobnova on October 10, 2011, 06:26:38 PM

Bitcoin: Mining, selling, don't believe it'll fly.!?!?!?!?!?!

Namecoin: Mined, sold for BTC, sold BTC. Don't believe it'll fly.

Ixcoin/I0coin/SolidCoin/GeistGeld: Mined, sold for BTC, sold BTC, don't believe it'll fly.

Tenebrix: Mining, selling, don't believe it'll fly, believe it'll get raped by botnet(s).

Fairbrix: Mined in case an exchange pops up. Don't believe one will, or that it'll fly.

SC2: Don't believe it'll fly, won't mine unless source is released and it's really *%@ profitable, in which case I'll mine, trade for BTC, sell BTC, and still don't believe it'll fly.

Everyothercoin: Will likely mine, will trade for BTC, will sell BTC, don't believe it'll fly.

We don't need people like you here. You are not a "true believer" LOL Grin

Bobnova

full member

Activity: 210

Merit: 100

Bitcoin: Mining, selling, don't believe it'll fly.

Namecoin: Mined, sold for BTC, sold BTC. Don't believe it'll fly.

Ixcoin/I0coin/SolidCoin/GeistGeld: Mined, sold for BTC, sold BTC, don't believe it'll fly.

Tenebrix: Mining, selling, don't believe it'll fly, believe it'll get raped by botnet(s).

Fairbrix: Mined in case an exchange pops up. Don't believe one will, or that it'll fly.

SC2: Don't believe it'll fly, won't mine unless source is released and it's really *%@ profitable, in which case I'll mine, trade for BTC, sell BTC, and still don't believe it'll fly.

Everyothercoin: Will likely mine, will trade for BTC, will sell BTC, don't believe it'll fly.

bitclown

full member

Activity: 185

Merit: 100

(Bitcoin: Still trading, mining and using.)
Namecoin: Began mining and using it at day one. The economics is flawed; speculators ruined the system by making it too expensive to actually use. Gave up and sold my entire stash.
Ixcoin/I0coin/SolidCoin/GeistGeld: Personal testnets? Never touched.
Tenebrix: Noticed the pumping, bought and dumped, gained 20 BTC.
Fairbrix: Another testnet from someone who openly admits to not being a programmer.
SC2: It's being pumped by its fans, so maybe I'll help them dumping. Edit: Made ~10 BTC mining the initial 30 minutes. Thanks, bulanula!

bulanula

hero member

Activity: 518

Merit: 500

Quote from: ?? on ??

Namecoin: Never mined, was gifted 30,000 coins and still holding them.

Ixcoin: SMASHED it at Difficulty 16 with 60 GH /s, made over 600BTC in 7 days

i0coin: AGAIN hit it hard at low difficulty made right at 200 BTC

Solidcoin: Nevermined on a large scale or Nevermind, take your pick.

Tenebrix: Mined a few, nothing major

Fairbrix: Experimental, gave a way a bunch. Still have about 20,000 left.

GeistgGeld: Buying and selling as soon as I get them, made about 68 BTC so far.

Grin

How much of this from attacking ( Namecoin and Fairbrix etc. ) Huh

Bet 90% stolen from others at least.

bulanula

hero member

Activity: 518

Merit: 500

Quote from: Adamlm on October 10, 2011, 01:59:18 PM

Quote from: ripper234 on October 09, 2011, 11:44:56 AM

You can make an "GPU/AMD hostile, Intel friendly currency" if you think there's a market.
I own an Intel CPU myself ... let's see how it fares.

Yeah, let's create a CPU coin for Intel SandyBridge processor users and let's call it SandyCoin Wink

Use SC2.

Adamlm

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Activity: 822

Merit: 1002

Quote from: ripper234 on October 09, 2011, 11:44:56 AM

You can make an "GPU/AMD hostile, Intel friendly currency" if you think there's a market.
I own an Intel CPU myself ... let's see how it fares.

Yeah, let's create a CPU coin for Intel SandyBridge processor users and let's call it SandyCoin Wink

bulanula

hero member

Activity: 518

Merit: 500

Quote from: grod on October 09, 2011, 08:54:15 PM

Quote from: maaku on October 09, 2011, 01:20:06 PM

So you perpetuated the scams and made some money. What, exactly, are we supposed to take from that?

Just throwing my personal experience out there. Take from it what you will.

My take on it is: until something changes (alt chain overload? enough dumb people burned by the scam chains?) every chain popping up like a daisy is insanely profitable for the earliest adopters.

It's like bitcoin to date, but with time frame massively compressed. For some chains 48 hours separated the "early adopters" from the "late adopters." The alt chains are coming out ever more complete at launch (pools, exchanges launch day) and I wouldn't be surprised if highly profitable "early adopter" window keeps shrinking.

Well what happened in the end to most of these scamchains !?

They died. Same fate awaits Bitcoin, only on a much larger timeframe Sad

grod

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Activity: 154

Merit: 100

Quote from: maaku on October 09, 2011, 01:20:06 PM

So you perpetuated the scams and made some money. What, exactly, are we supposed to take from that?

Just throwing my personal experience out there. Take from it what you will.

My take on it is: until something changes (alt chain overload? enough dumb people burned by the scam chains?) every chain popping up like a daisy is insanely profitable for the earliest adopters.

It's like bitcoin to date, but with time frame massively compressed. For some chains 48 hours separated the "early adopters" from the "late adopters." The alt chains are coming out ever more complete at launch (pools, exchanges launch day) and I wouldn't be surprised if highly profitable "early adopter" window keeps shrinking.

maaku

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Quote from: grod on October 09, 2011, 12:25:54 PM

PERSONAL VIEWS:

Namecoin: mined during subsidized periods, ridiculed during patsy only periods. Made some BTC.
Ixcoin: Jumped on a bit late, but still made a few BTC.
i0coin: Jumped on early, made some BTC. Still have some.
Solidcoin: Jumped in and out early, made some BTC.
Tenebrix: Jumped in fairly early, made a relative ton of BTC. Still mining it until Litecoin shows up.
Fairbrix: Have a small amount of coin, not mining until an exchange shows up to allow me to make some BTC.
GeistgGeld: Still have a few. Got in early, made some BTC.

I think you see a pattern here. So far the approach of adopting *every* chain that comes along early (with the possible exception of Fairbrix) has been very lucrative compared to doing nothing. The longer you wait to speculate (whether through mining or investment) the higher your risk and lower your reward, as it is with all pyramids.

It's getting a bit more difficult to choose now that multiple chains are being announced simultaneously. But so far hopping on the freshest one has been an overwhelmingly winning strategy.

So you perpetuated the scams and made some money. What, exactly, are we supposed to take from that?

bulanula

hero member

Activity: 518

Merit: 500

Quote from: grod on October 09, 2011, 12:25:54 PM

PERSONAL VIEWS:

Namecoin: mined during subsidized periods, ridiculed during patsy only periods. Made some BTC.
Ixcoin: Jumped on a bit late, but still made a few BTC.
i0coin: Jumped on early, made some BTC. Still have some.
Solidcoin: Jumped in and out early, made some BTC.
Tenebrix: Jumped in fairly early, made a relative ton of BTC. Still mining it until Litecoin shows up.
Fairbrix: Have a small amount of coin, not mining until an exchange shows up to allow me to make some BTC.
GeistgGeld: Still have a few. Got in early, made some BTC.

I think you see a pattern here. So far the approach of adopting *every* chain that comes along early (with the possible exception of Fairbrix) has been very lucrative compared to doing nothing. The longer you wait to speculate (whether through mining or investment) the higher your risk and lower your reward, as it is with all pyramids.

It's getting a bit more difficult to choose now that multiple chains are being announced simultaneously. But so far hopping on the freshest one has been an overwhelmingly winning strategy.

Nice strategy mate ! Gonna create my own ScamCoin with 130 billion pregenerated coins and make people pay to get some coins etc. ! No more of the mining bullshit.

grod

full member

Activity: 154

Merit: 100

PERSONAL VIEWS:

Namecoin: mined during subsidized periods, ridiculed during patsy only periods. Made some BTC.
Ixcoin: Jumped on a bit late, but still made a few BTC.
i0coin: Jumped on early, made some BTC. Still have some.
Solidcoin: Jumped in and out early, made some BTC.
Tenebrix: Jumped in fairly early, made a relative ton of BTC. Still mining it until Litecoin shows up.
Fairbrix: Have a small amount of coin, not mining until an exchange shows up to allow me to make some BTC.
GeistgGeld: Still have a few. Got in early, made some BTC.

I think you see a pattern here. So far the approach of adopting *every* chain that comes along early (with the possible exception of Fairbrix) has been very lucrative compared to doing nothing. The longer you wait to speculate (whether through mining or investment) the higher your risk and lower your reward, as it is with all pyramids.

It's getting a bit more difficult to choose now that multiple chains are being announced simultaneously. But so far hopping on the freshest one has been an overwhelmingly winning strategy.

ripper234

legendary

Activity: 1358

Merit: 1003

Ron Gross

Quote from: steelhouse on October 09, 2011, 11:45:21 AM

There is a theory I heard on the channel, bitcoin is attempting to destroy all alt currencies. By taking down exchanges, taking down mining pools, or just issuing new coins with tons of pre-mined to sell into the market before taking the exchanges down.

I see. So the blockchain has developed consciousness already? It's not even 2012 yet!

Matoking

sr. member

Activity: 352

Merit: 250

Firstbits: 1m8xa

Quote from: bulanula on October 09, 2011, 11:10:20 AM

Quote from: ripper234 on October 09, 2011, 04:34:02 AM

Quote from: ripper234 on October 08, 2011, 09:34:41 AM

Namecoin: Has a technical advantage over Bitcoin ... basically it's everything Bitcoin is, plus DNS minus network effect. With merged mining, it should be secure now. Might appreciate. Has no GUI yet, for some reason I can't fathom (MultiCoin anyone?)

Fairbrix: Might see some relative adoption. I'm not convinced, but I might be wrong. Has no exchange yet AFAIK.

All the others are too risky IMO.

LiteCoin (not launched yet) seems to be very promising. Here is my take on it.

LItecoin - like we needed another scrypt AMD biased shitcoin ! Oh noes Tongue

Scrypt was created to resist development of efficient GPU-based utilities, not to be AMD-biased. And like SHA-256, it was never designed to be used exclusively for cryptocurrencies, where every processor has equal performance in regards to crunching hashes.

steelhouse

hero member

Activity: 717

Merit: 501

Bitcoin - scam don't touch
Tenebrix -Scam
Geistgeld - Scam
Namecoin - good
Ixcoin - king of them all.
Solidcoin - best

There is a theory I heard on the channel, bitcoin is attempting to destroy all alt currencies. By taking down exchanges, taking down mining pools, or just issuing new coins with tons of pre-mined to sell into the market before taking the exchanges down.

disclosure: 7000 ixc
150 sc
300 tbx
100 nmc
and 15 btc.

ripper234

legendary

Activity: 1358

Merit: 1003

Ron Gross

Quote from: bulanula on October 09, 2011, 11:10:20 AM

LItecoin - like we needed another scrypt AMD biased shitcoin ! Oh noes Tongue

You can make an "GPU/AMD hostile, Intel friendly currency" if you think there's a market.
I own an Intel CPU myself ... let's see how it fares.

bulanula

hero member

Activity: 518

Merit: 500

Quote from: ripper234 on October 09, 2011, 04:34:02 AM

Quote from: ripper234 on October 08, 2011, 09:34:41 AM

Namecoin: Has a technical advantage over Bitcoin ... basically it's everything Bitcoin is, plus DNS minus network effect. With merged mining, it should be secure now. Might appreciate. Has no GUI yet, for some reason I can't fathom (MultiCoin anyone?)

Fairbrix: Might see some relative adoption. I'm not convinced, but I might be wrong. Has no exchange yet AFAIK.

All the others are too risky IMO.

LiteCoin (not launched yet) seems to be very promising. Here is my take on it.

LItecoin - like we needed another scrypt AMD biased shitcoin ! Oh noes Tongue

ripper234

legendary

Activity: 1358

Merit: 1003

Ron Gross

Quote from: ripper234 on October 08, 2011, 09:34:41 AM

Namecoin: Has a technical advantage over Bitcoin ... basically it's everything Bitcoin is, plus DNS minus network effect. With merged mining, it should be secure now. Might appreciate. Has no GUI yet, for some reason I can't fathom (MultiCoin anyone?)

Fairbrix: Might see some relative adoption. I'm not convinced, but I might be wrong. Has no exchange yet AFAIK.

All the others are too risky IMO.

LiteCoin (not launched yet) seems to be very promising. Here is my take on it.

Topic: Alternate Cryptocurrencies Rewiew (Read 2233 times)