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Topic: Any devs out with free time looking to make extra money fixing abanonded coins? (Read 1710 times)

legendary
Activity: 1610
Merit: 1003
"Yobit pump alert software" Link in my signature!
And there was tons of garbage being released about a year ago. However, there are some good coins that just need a dev that have investors worried.

E-Cash
Risk
Zirk
Intellect

Are just a few
legendary
Activity: 2254
Merit: 1290
Just wondering how long it will be before the focus of keeping new people coming into crypto sets in

The time for that has long since been and gone. The number of new altcoin launches per month has fallen back to near mid-2013 levels, before the $1000 BCT feeding frenzy kicked off.



If you can shift your thinking away from “investment” and towards “entertainment” then the situation gets a bit clearer. Much the same “oversupply” perception is applicable to a whole raft of entertainment products (films, computer games, songs, ebooks, lotteries, etc.)

Cheers

Graham
hero member
Activity: 614
Merit: 506
Applications
About the reason to get a dead coin working again, it is just about freedom. The main reason to create Bitcoin was to get more freedom. It is the same for every other crypto-coin: more coins, more freedom. You are free to not accept it Wink .

I don't mind the new coins, but am starting to feel like it's a sky view of Sim City right now & many abandon buildings sitting around. Just wondering how long it will be before the focus of keeping new people coming into crypto sets in (or keeping the ones who have been around), seeing many skyscrapers with 1000's of abandon buildings surrounding them isn't something someone new to crytpo should see. So it would be nice if this thread did what it was posted for, cleaning up the mess that every new user sees or hears (I would offer any BBcoding). I could be wrong, maybe it will keep going with 3000, 4000, & 5000+ coins. Guess we'll just have to see what this year brings us, but sooner or later the abandon town scenario will have to play out Wink
legendary
Activity: 1610
Merit: 1003
"Yobit pump alert software" Link in my signature!
ya, thats why I started this thread for the devs to make money repairing the code, and for the bagholders to free their funds. The devs can then evolve the coin into whatever they want. Its a win-win situation for everyone, and it cleans up the "junk yard", and jump starts the coins again.

Vegas
member
Activity: 93
Merit: 10
We got to resurrect NAS coin. The blockchain was dead for more than 1.5 months, there was no synchronized peers on the network. But some of the holders got to synchronize the blockchain again and make some transactions, as well as to lease balance to forge with another account.

Two days ago, Bter.com synchronized his NAS node, and now it is possible to make withdrawal / deposit, as well as trading:

If you like to contribute to the network with a node, here is a quick guide for it: https://bitcointalksearch.org/topic/m.10804867

About development, there is an old version of the source code available. We hope to be able to update it, as it is mostly a clone of NXT.

About the reason to get a dead coin working again, it is just about freedom. The main reason to create Bitcoin was to get more freedom. It is the same for every other crypto-coin: more coins, more freedom. You are free to not accept it Wink .
hero member
Activity: 614
Merit: 506
Applications
Alright, that makes sense. But to me when Bitcoin already does everything and DonationCoin is tied to Bitcoin anyway (because it can only be traded to FIAT through Bitcoin first) I don't see the benefit. DonationCoin doesn't offer any benefit over Bitcoin, quite the opposite in fact because you not just need to account for Bitcoin's volatility but also DonationCoin's own volatility. And small markets can be easily manipulated so it will likely have huge volatility on its own. And the person or company or whatever entity you're donating to also has to accept DonationCoin for it to work. Sure it's just one example of a coin but it works similarily for other coins. I think if you have a great idea or utility for a coin you're better off joinning an existing, living coin's team and help them instead.

Well... I can give you another example. You can change US dollars anywhere in the world, but this is not the case with Ugandan Shilling (Uganda's currency). That doesn't mean it's worthless. Smiley I agree with you though. My idea is to develop "something" which actually deserve and can be used. Unlike coins like MEWN, BlackDarkWhatever and such... they just deserve to die.

There is the flaw I speak of, why die & not refocus to something where the communities don't suffer from it. Sure there are many flaws in the way we use our words, but where has die/kill ever got the world. Everything has an end, but why focus on it & not make a work around of that notion? Do the ones who stumbled upon these experiments deserve to see it die, or maybe see it transformed & then maybe it's a good lesson for some. Maybe it's not a lesson of great knowledge, but a sky is falling type of wording we follow? Just thoughts on what I've seen over the years of all this, keeping it innovative & not destructive should be #1 focus?
legendary
Activity: 2254
Merit: 1290
Coin: Intellect
Dev status: abandoned

Hardly “abandoned”, the last commit was only three days ago: https://github.com/intellect-project/intellect/commits/master

Altcoins are being re-developed all the time but it's not proved to be a wildly successful exercise. In the case of PoS coins, if the wallet's stuck and a fix isn't readily apparent to the techs at the exchanges then I'm afraid that 5000 BROKEN isn't likely to get anyone very far. I checked recently and the going rate for commercial-grade contract C++ programming in the UK is around £50 per hour. The pay from a day's commercially-remunerated C++ work would command a dominant chunk of the marketcap of your typical BROKENCOIN, if not all of it.

The biggest barrier to rescuing an abandoned altcoin is the intransigent expectations held by the existing community.

Cheers

Graham
legendary
Activity: 1960
Merit: 1176
@FAILCommunity
Alright, that makes sense. But to me when Bitcoin already does everything and DonationCoin is tied to Bitcoin anyway (because it can only be traded to FIAT through Bitcoin first) I don't see the benefit. DonationCoin doesn't offer any benefit over Bitcoin, quite the opposite in fact because you not just need to account for Bitcoin's volatility but also DonationCoin's own volatility. And small markets can be easily manipulated so it will likely have huge volatility on its own. And the person or company or whatever entity you're donating to also has to accept DonationCoin for it to work. Sure it's just one example of a coin but it works similarily for other coins. I think if you have a great idea or utility for a coin you're better off joinning an existing, living coin's team and help them instead.

Well... I can give you another example. You can change US dollars anywhere in the world, but this is not the case with Ugandan Shilling (Uganda's currency). That doesn't mean it's worthless. Smiley I agree with you though. My idea is to develop "something" which actually deserve and can be used. Unlike coins like MEWN, BlackDarkWhatever and such... they just deserve to die.
legendary
Activity: 2002
Merit: 1051
ICO? Not even once.
Unlike dead coins, cars have utility and value regardless of brand.

You didn't get the idea. I was not talking about dead coins, but technology behind it. If there is Bitcoin with which you can buy anything, why not to have DonationCoin (just an example) and use it for donations? If there is a good idea it can always be developed. Btw that is why features in some of the latest coins are dazzling people (which are mostly not coders). You add 2 lines of code and there it is - $100/coin. Why? They are forgetting that the most important thing for a coin to build its network and community, be widely adopted and just stick around... nothing more.

Alright, that makes sense. But to me when Bitcoin already does everything and DonationCoin is tied to Bitcoin anyway (because it can only be traded to FIAT through Bitcoin first) I don't see the benefit. DonationCoin doesn't offer any benefit over Bitcoin, quite the opposite in fact because you not just need to account for Bitcoin's volatility but also DonationCoin's own volatility. And small markets can be easily manipulated so it will likely have huge volatility on its own. And the person or company or whatever entity you're donating to also has to accept DonationCoin for it to work. Sure it's just one example of a coin but it works similarily for other coins. I think if you have a great idea or utility for a coin you're better off joinning an existing, living coin's team and help them instead.
hero member
Activity: 614
Merit: 506
Applications
If it's the tech what you want, copy it to a live and well supported coin. (IMHO wallets should get way more modular, useful features as "plugins".) No need to revive something dead.

It's not the tech I want, that has been around for years (even before bitcoin) & building with some of the testing in alts over the last year. Every time I see people talking about reviving something dead is where I see the flaw, but helping a community from great losses & then moving them to something (copy it to a live and well supported coin) is what many are trying to do Wink
legendary
Activity: 1658
Merit: 1001
If it's the tech what you want, copy it to a live and well supported coin. (IMHO wallets should get way more modular, useful features as "plugins".) No need to revive something dead.
legendary
Activity: 1960
Merit: 1176
@FAILCommunity
Just like every car is just a copy of the preceding designs, but we don't want junk laying around everywhere do we. How much do these devs make creating a junkyard full of coins, leaving many people around the world in losses & seems many people don't realize this was created for the people around the world who don't have easy access to banks or ways to feed their families (taking days to cash out on their yields = crops). Yet devs just keep building junkyards (some testing for good cause though, making sure they don't create losses along the way) & many have to clean up the mess, maybe do some good with your skills & stop the greed!! Every time that one person has great gains, 10 people have great losses & the cycle continues.


And why do you think I am so avid supporter of FAIL?
legendary
Activity: 1960
Merit: 1176
@FAILCommunity
Unlike dead coins, cars have utility and value regardless of brand.

You didn't get the idea. I was not talking about dead coins, but technology behind it. If there is Bitcoin with which you can buy anything, why not to have DonationCoin (just an example) and use it for donations? If there is a good idea it can always be developed. Btw that is why features in some of the latest coins are dazzling people (which are mostly not coders). You add 2 lines of code and there it is - $100/coin. Why? They are forgetting that the most important thing for a coin to build its network and community, be widely adopted and just stick around... nothing more.
hero member
Activity: 614
Merit: 506
Applications
I think dead coins are dead for a reason. Be it lack of interest or purpose or whatever. If the community didn't care enough to take it over then I don't see why others should bother. And if the community was small to begin with, chances are the coin distribution was terrible and even if you resurrect them there's always a danger of an early bagholder dumping it to oblivion. And it's not like any of the dead coins excel at something. Virtually every one of them are just generic copy-paste forks.

Just like every car is just a copy of the preceding designs, but we don't want junk laying around everywhere do we. How much do these devs make creating a junkyard full of coins, leaving many people around the world in losses & seems many people don't realize this was created for the people around the world who don't have easy access to banks or ways to feed their families (taking days to cash out on their yields = crops). Yet devs just keep building junkyards (some testing for good cause though, making sure they don't create losses along the way) & many have to clean up the mess, maybe do some good with your skills & stop the greed!! Every time that one person has great gains, 10 people have great losses & the cycle continues.
legendary
Activity: 1658
Merit: 1001
These "investors" should check themselves if the coin that they want to "invest" in is a sane idea to do (most coins are not), not because someone else tells them to do. There is always a trade off between risk and profit to be made. Investors 101 here and not really rocket science.

Let these coins die or let them be for devs that want to experiment with them (they are good enough to use in testing new crazy ideas, and in case stuff breaks nothing is lost).

You wrote it right - "investors". That's what I meant. Most of the people are "investing", because they see the possibility to make profit for like 2 days. This is why there are so many coins and hype created each and every day.

Nice to see more people here that think that way. People don't know the difference between speculation and investing. Part of the reason why so many coins fail and money is lost.
legendary
Activity: 2002
Merit: 1051
ICO? Not even once.
I think dead coins are dead for a reason. Be it lack of interest or purpose or whatever. If the community didn't care enough to take it over then I don't see why others should bother. And if the community was small to begin with, chances are the coin distribution was terrible and even if you resurrect them there's always a danger of an early bagholder dumping it to oblivion. And it's not like any of the dead coins excel at something. Virtually every one of them are just generic copy-paste forks.

Then let us all buy Mercedes-Benz, because all cars are copy/paste of it.

Unlike dead coins, cars have utility and value regardless of brand.
legendary
Activity: 1960
Merit: 1176
@FAILCommunity
I think dead coins are dead for a reason. Be it lack of interest or purpose or whatever. If the community didn't care enough to take it over then I don't see why others should bother. And if the community was small to begin with, chances are the coin distribution was terrible and even if you resurrect them there's always a danger of an early bagholder dumping it to oblivion. And it's not like any of the dead coins excel at something. Virtually every one of them are just generic copy-paste forks.

Then let us all buy Mercedes-Benz, because all cars are copy/paste of it.

These "investors" should check themselves if the coin that they want to "invest" in is a sane idea to do (most coins are not), not because someone else tells them to do. There is always a trade off between risk and profit to be made. Investors 101 here and not really rocket science.

Let these coins die or let them be for devs that want to experiment with them (they are good enough to use in testing new crazy ideas, and in case stuff breaks nothing is lost).

You wrote it right - "investors". That's what I meant. Most of the people are "investing", because they see the possibility to make profit for like 2 days. This is why there are so many coins and hype created each and every day.
legendary
Activity: 1658
Merit: 1001
These "investors" should check themselves if the coin that they want to "invest" in is a sane idea to do (most coins are not), not because someone else tells them to do. There is always a trade off between risk and profit to be made. Investors 101 here and not really rocket science.

Let these coins die or let them be for devs that want to experiment with them (they are good enough to use in testing new crazy ideas, and in case stuff breaks nothing is lost).
legendary
Activity: 2002
Merit: 1051
ICO? Not even once.
I think dead coins are dead for a reason. Be it lack of interest or purpose or whatever. If the community didn't care enough to take it over then I don't see why others should bother. And if the community was small to begin with, chances are the coin distribution was terrible and even if you resurrect them there's always a danger of an early bagholder dumping it to oblivion. And it's not like any of the dead coins excel at something. Virtually every one of them are just generic copy-paste forks.
legendary
Activity: 1960
Merit: 1176
@FAILCommunity
A dead coin should remain dead if people don't embrace the idea (if it has idea at all) behind it. This is not the way to help cryptocurrencies in general.

I would have to disagree on this one, many people only have certain skillsets & many are only investors. So if we just let all the devs that launch coins & abandon them break, many people will get a bad taste for crypto & that leaves a lasting memory for anyone they discuss crypto with... Each time a new coin is launched instead of one being repaired or rebuilt, we are just building a junkyard full of broken chains & that is not a good thing for EARTH Cool You buy a car, it breaks down, do you not get it repaired & what if no one wanted to repair it (telling you to just let it stay broken, as the junkyard takes over the environment)? You buy a house, it falls apart over the years & you move.. Do you think it's best to just let it stay in a broken state (as many don't see the damage each can cause to the surrounding communities), or fix it for the entire crypto community to see good in what is being created here?

We could just stop investing? They will not launch coin after coin if there are no money involved. We are hurting entire cryptoscene when you start to invest your efforts, time and money on projects which are pointless. What you are going to do with MEWN for example? You will buy cats? That's why so many good coins are undervaluated. That's why the liquidity in the market is in such condition. I understand that some projects deserve to be revived, but there has to be a really good answer on the question: "Why?"
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