Anyone else depressed by all these alts? - page 3.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: jesse11 on April 03, 2014, 12:24:44 AM

Quote from: Bit_Happy on April 03, 2014, 12:18:22 AM

I doubt you would find a single person who thinks we need 20 more alt coins.
They are not "depressing" though.
Cheer up, and your whole world will seem better.

I'll Drink to that Grin

I haven't been drinking at all for several weeks, but I'm getting a bit thirsty.
We need more fun around here,

Trollbox live:
No way anyone would sell at these prices unless they've been kicked in the head by a horse (user: dcmessarge)

jesse11

sr. member

Activity: 333

Merit: 250

Ants Rock

Quote from: Bit_Happy on April 03, 2014, 12:18:22 AM

I doubt you would find a single person who thinks we need 20 more alt coins.
They are not "depressing" though.
Cheer up, and your whole world will seem better.

I'll Drink to that Grin

BittBurger

hero member

Activity: 924

Merit: 1001

Quote from: technologible on April 02, 2014, 04:14:46 PM

Bitcoin is technology, and technology always evolves. No way to avoid new alts, this is progress.

No. This is a mass quantity of unoriginal copycats trying to get rich quick, by coming up with horrible, stupid gimmicks in hopes that stupid people pour money into it. That isn't progress. Its a bunch of scurrying cockroaches.

-B-

BittBurger

hero member

Activity: 924

Merit: 1001

Quote from: strideynet on April 02, 2014, 03:06:08 PM

Anyone else depressed by all these alts?

Yes.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

I doubt you would find a single person who thinks we need 20 more alt coins.
They are not "depressing" though.
Cheer up, and your whole world will seem better.

Chemistry1988

legendary

Activity: 1120

Merit: 1000

IMHO, about 1% of altcoins did / do have a purpose (GPU resistant hashing algo, PoS mechanism, etc.)
The rest 99% of altcoins were created just as a clone of existing coins.

Beliathon

hero member

Activity: 784

Merit: 1000

https://youtu.be/PZm8TTLR2NU

Unlike most sheep-ass-fools, I went into Bitcoin for ideological reasons and understanding of the basics of the technology. I went in before China did. I have no regrets.

I am in profits as long as Bitcoin is $100 + per coin. But it's not about the profits. It's about the banksters and the nation-states, and how much I loathe them.

I would accept homelessness before I would reinvest in evil-empire nation-state monopoly money.

LAMarcellus

full member

Activity: 180

Merit: 100

Some alt-coins are indeed get-rich-quick schemes. But they have very little hash power which I believe means their coin is extremely insecure and exposed to 51% style attacks.

Other coins are in my opinion novel and worth looking into, Prime-coin being my favorite example.
In my opinion any coin which claims to be "asic resistant" is completely misguided.

At this point I'm happy to hold BTC and I am scanning the horizon for "the next protocol layer".
For example Reggie Middletons Ultracoin ( not to be confused with the crypto-coin also called Ultracoin) which will allow for trustless contracts etc.

I personally do not worry or even think that BTC will be replaced by a superior coin in my lifetime. (born in the 80's)

Mikerogers

newbie

Activity: 51

Merit: 0

Paypal or some big company needs to come out with their own version of an alt. Think about it, they could back it up and make bank off it while making transactions easy for consumers. http://www.panture.com/virtual-currencies-can-work/

Virtual currencies are the future the only prob is that BTC is frowned upon by the world. The world will eventually use more virtual currencies though as time goes on and things get computerized. Dont fight the future!

tins

hero member

Activity: 882

Merit: 500

Quote from: kthejung on April 02, 2014, 07:24:34 PM

Bitcoin is to diamond as alts are to sapphire, rubies, and etc. Bitcoin is to gold as alts are to silver, copper, and etc.

Need 3 more.
Cheesy

kthejung

full member

Activity: 210

Merit: 100

I think alts actually help the development of bitcoin and increase bitcoin's value. Bitcoins do not appeal to everyone but will always serve as the ultimate measure of value for all cryptocurrencies. Bitcoin is to diamond as alts are to sapphire, rubies, and etc. Bitcoin is to gold as alts are to silver, copper, and etc.

roslinpl

legendary

Activity: 2212

Merit: 1199

Quote from: GambitBTC on April 02, 2014, 06:46:07 PM

You just gotta know how to properly manipulate the markets, the alt coin game is not one for the weak of heart.

Well yes people might get stress when they see pump and dump.

GambitBTC

sr. member

Activity: 476

Merit: 250

You just gotta know how to properly manipulate the markets, the alt coin game is not one for the weak of heart.

psybits

legendary

Activity: 1386

Merit: 1000

NEM is one of the standouts - but it is getting increasingly difficult to see the good alts in the ever-increasing mountain of alt coin crap.

~Coinseeker~

newbie

Activity: 56

Merit: 0

Quote from: TaunSew on April 02, 2014, 06:26:55 PM

Nothing new, eh? Screenshots are the NEM client.

Nxt is the only released second generation out there and NEM will be releasing soon. eMunie is another second generation but it's vaporware (e.g., will never release).

"...only released second generation out there"? Always amusing when they try to ignore Ripple, the leader in 2nd gen. Wink

"NEM will be releasing soon."? And you call eMunie vaporware? lol

TaunSew

hero member

Activity: 756

Merit: 506

Nothing new, eh? Screenshots are the NEM client.

Nxt is the only released second generation out there and NEM will be releasing soon. eMunie is another second generation but it's vaporware (e.g., will never release).

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

there is alot of shit yes, like dogecoin or feathercoin. but there are also good ones like Litecoin or Zerocoin (and Namecoin maybe)

pungopete468

hero member

Activity: 1470

Merit: 504

Bitcoin, Litecoin, Ripple, and NameCoin so far appear to be the only alts that have any major differences between them.

Bitcoin is SHA-256, Litecoin is Scrypt, Ripple is neither.

I don't see any advantage to having 500 alts. It's great to have the ability to create a new alt as additional security for crypto currencies in general. Having 500 different alt coins is just excessive and they will be weeded out.

roslinpl

legendary

Activity: 2212

Merit: 1199

Quote from: twiifm on April 02, 2014, 04:39:32 PM

Thats what a free market is for. In the end fiat will win and crypto will be a useful for transmission

Fiat is not fighting with crypto ...

Crypto is crypto...
Fiat is fiat

twiifm

hero member

Activity: 784

Merit: 500

Thats what a free market is for. In the end fiat will win and crypto will be a useful for transmission

Topic: Anyone else depressed by all these alts? - page 3. (Read 3144 times)