ByteCoin | Bitcointalksearch.org

Anon136

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Quote from: plectrum on May 04, 2013, 10:56:55 PM

Quote from: Anon136 on May 04, 2013, 05:20:34 PM

bytecoin is nothing more than an alternative blockchain that we are keeping on the back burner incase the first blockchain runs into scalability problems.

What? How would Bytecoin fix any scalability issues? If there are altcoin that have technical merit, then I am all for that kind of differentiation - although Bitcoin can still evolve to include such change if it is supported by the majority - but altcoin just for the sake of an alternative (or for late coming miners) is irksome.

For me its not about an alternative for late coming miners, though i suspect that was the motive of the person who created it.

Well yea if someone invents a crypto that outright solves the scalability problem than that would be ideal and it would instantly send the value of bytecoin to 0. But if it so happens that no such innovation presents its self than having an alternative blockchain to absorb the capital that cant fit in the original block-chain may prove useful.

plectrum

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Quote from: Anon136 on May 04, 2013, 05:20:34 PM

bytecoin is nothing more than an alternative blockchain that we are keeping on the back burner incase the first blockchain runs into scalability problems.

What? How would Bytecoin fix any scalability issues? If there are altcoin that have technical merit, then I am all for that kind of differentiation - although Bitcoin can still evolve to include such change if it is supported by the majority - but altcoin just for the sake of an alternative (or for late coming miners) is irksome.

Anon136

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Quote from: reynoles on May 04, 2013, 01:55:31 PM

i didnt heard about it, more info?

bytecoin is nothing more than an alternative blockchain that we are keeping on the back burner incase the first blockchain runs into scalability problems.

reynoles

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i didnt heard about it, more info?

DaisyPusher

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I agree that too many alt coins too fast will just cause the market to fail. Plus, all it does is add confusion for the buyers/sellers in the long run.

kderaymond

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Quote from: Jaxkr on May 03, 2013, 06:49:55 PM

Quote from: rosatambo on May 03, 2013, 02:06:20 PM

They're "different". Also, easier to mine. I personally don't see the point, unless you're the guy who invents it, and secures the first million coins or so for yourself.

It's just greedy versions of Satoshi who don't actually invent anything.

I would agree with this as it relates to most alt coins, but some definitely have their uses. Alt coins will rise and fall, the market will decide what's useful and what's not.

Jaxkr

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Quote from: rosatambo on May 03, 2013, 02:06:20 PM

They're "different". Also, easier to mine. I personally don't see the point, unless you're the guy who invents it, and secures the first million coins or so for yourself.

It's just greedy versions of Satoshi who don't actually invent anything.

kderaymond

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Quote from: carebear on May 03, 2013, 05:46:48 PM

Quote from: plectrum on May 03, 2013, 01:51:45 PM

I don't know of an exchange but I am curious why you are interested in ByteCoint - or for that matter why people are interested in LightCoin. What do these Bitcoin copy-cats have that Bitcoin doesn't?

Faster confirmation.

This.

There is definitely a market for alt coins, and not just to keep GPU miners happy.

carebear

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Quote from: plectrum on May 03, 2013, 01:51:45 PM

I don't know of an exchange but I am curious why you are interested in ByteCoint - or for that matter why people are interested in LightCoin. What do these Bitcoin copy-cats have that Bitcoin doesn't?

Faster confirmation.

Akka

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Quote from: bitleif on May 03, 2013, 04:08:05 PM

Quote from: plectrum on May 03, 2013, 01:51:45 PM

I don't know of an exchange but I am curious why you are interested in ByteCoint - or for that matter why people are interested in LightCoin. What do these Bitcoin copy-cats have that Bitcoin doesn't?

Altcoins are only interesting to people who think the point of crypto currencies is the mining. To those of us who are interested in bitcoin as an actual currency, mining is more like an annoying and unimportant side effect of decentralization.

Exactly.

The point of mining is to give a financial incentive to secure the network and therefore make it more costly to attack it. That's the whole point of mining. Besides of that it's basically only a waste of electricity.

For those coins to be providable there is always someone needed who actually buys this coins. And that's the point I don't get. Who buys this coins? And why? - The only answer is IMO the hope of future gains, but this is a zero sum game and nothing grows forever.

MrSmirf

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I guessing the value of bitcoin can only really go upwards as more people hear about it and as it gets harder to mine?

mrbildo

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Too many coins too soon will ruin crypto

bitleif

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I'm always grumpy in the morning.

Quote from: plectrum on May 03, 2013, 01:51:45 PM

I don't know of an exchange but I am curious why you are interested in ByteCoint - or for that matter why people are interested in LightCoin. What do these Bitcoin copy-cats have that Bitcoin doesn't?

Altcoins are only interesting to people who think the point of crypto currencies is the mining. To those of us who are interested in bitcoin as an actual currency, mining is more like an annoying and unimportant side effect of decentralization.

Twisted6

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Quote from: Twisted6 on May 03, 2013, 03:38:46 PM

Thanks i'm not doing any private buys. I've got dinged in the beginning when i started with BTC. thats not gonna happen again. Noob mistake.

Quote from: jetset220 on May 03, 2013, 03:20:44 PM

Beware of scammers ...

use an escrow service.. http://btcrow.com/ looks ok.

read more here:
https://bitcointalk.org/index.php?topic=21544.0;all

Enjoy your weekend,
Ray

Thanks I will read more on it.

Twisted6

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Quote from: jetset220 on May 03, 2013, 03:46:41 PM

don't get taken..

even Twisted6 could be a scammer.

Always use escrow.

Just a tip.

Ray

LOL tu che! i don't want any transfer privately i want to do this with an escrow but which one! LOL thats what i want to know.

jetset220

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don't get taken..

even Twisted6 could be a scammer.

Always use escrow.

Just a tip.

Ray

Twisted6

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Quote from: malona82 on May 03, 2013, 03:43:38 PM

Idk about bytecoin seems like a real reach

It is. I'm skeptical but at the same time $100 worth of btc ain't going to hurt. more like a lesson learned. and if i do take this leap then could also mean a big plus.

Twisted6

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But I'm willing to trade 1btc for it just to start off. Then if its more stable then i will be buy a lot more.

malona82

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Idk about bytecoin seems like a real reach

Twisted6

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Quote from: Anon136 on May 03, 2013, 03:16:01 PM

how many bte are you looking to buy? I might be able to sell them to you. This seems to be the going rate http://exchange.bytecoin.in/

I'm looking to buy 1btc worth. ~~So if its .0002 for 500BTE then yea I'm willing to trade 1BTC.~~ Correction. i read that wrong.

Topic: ByteCoin (Read 1424 times)