We have too many altcoins but there are some of them that implemented great technologies to innovate on the crypto-world.
Lots of them are just to "scam" or earn some money but others have great projects behind.
Topic: Do we have too many alt coins? - page 7. (Read 5993 times)
Now i am thinking about Bitcoin. But i have also heard that altocin mining is also profitable. Its becoming more profitable than Bitcoin. I am gathering information about Altocin mining. I will switch to Altcoin mining.
The main thing that is more profitable is that mining altcoins is in most cases still possible with a CPU or GPU, since there are no dedicated ASICs available for the altcoins, so everyone can just go ahead and mine them with their regular computer at home. All the altcoins have a price in BTC.
Now i am thinking about Bitcoin. But i have also heard that altocin mining is also profitable. Its becoming more profitable than Bitcoin. I am gathering information about Altocin mining. I will switch to Altcoin mining.
There are way too many coins being made, can't really see a solution to the problem unless there was some sort of crypto-standard but then we run the risk of introducing regulations.
Why would you do anything against it? It's effectively a self-regulating market no one forces you to use those coins. And also no one actually uses them. It is an experiment that has to be done, and after that we're over it. One thing that's actually good about altcoins is that we can try and implement new features and test them out. Maybe for future sidechains?
There are way too many coins being made, can't really see a solution to the problem unless there was some sort of crypto-standard but then we run the risk of introducing regulations.
Too many coins but sad thing no one can stop them every day we have coin
How many coins released daily?
Yes we do, it's simply too much, but can we do?
No we have to many shitty coins with no added value.
Coins that tried to add value are good for although many fail. Examples are
- QuarkCoin: CPU Only mining
- Litecoin: Different transaction times
- Dogecoin: Good marketing
- Namecoin: DNS protection
- etc.
Many coins are clones that are made for the premine and dump strategy.
Coins that tried to add value are good for although many fail. Examples are
- QuarkCoin: CPU Only mining
- Litecoin: Different transaction times
- Dogecoin: Good marketing
- Namecoin: DNS protection
- etc.
Many coins are clones that are made for the premine and dump strategy.
It's so easy to make one, does it make sense? But think about it, Bitcoin and Litecoin are the same thing.
I think it's good, quick experiments with new technologies. Most of them will fail, and are used for pump and dump... so get some of these coins and trade them for btc
since i started using bitcoin i have no idea of what litecoin look like
What it 'looks' like?
Well, it looks like a Bitcoin, but it's silver, has an 'L' on it and is worth less. The block time is faster, but that doesn't matter anyways. Oh and it has a Scrypt PoW algorithm! (Doesn't matter, either!) 
since i started using bitcoin i have no idea of what litecoin look like
It's so easy to make one, does it make sense? But think about it, Bitcoin and Litecoin are the same thing.
They're not the same thing. They've got different PoW algorithms and different average block times. Litecoin is an experiment based on the experiment Bitcoin, with adjusted parameters. That's about it. But yeah, we do have too many altcoins. Just take a look at that sub-forum, it's madness there! Most coins are just a pump and dump anyways!
let the free market decide how many is too many.
Exactamundo. It's ironic how on a forum about a revolutionary digital currency system that gives people options they never had before, people are now complaining that there are too many choices.
I'd rather have to many than none at all. May the best succeed, and the pump and dumpers crash/wither away.
Can I order popcorn with BTC?
Actually yes too many coins... too many..
some of the altcoins have potential but many are just stupid pump and dump coins
let the free market decide how many is too many.
The number of alt-coins is a symptom of the speculative nature of bitcoin. I would argue that a large portion of the bitcoin/alt-coin community still views BTC as something that can be exchanged for currency, but not a currency itself. People are just trying to generate their own gold rushes.
I personally think that they're way to many alt coins out there and seems like new one's coming out everyday!
litecoin seems to be less profitable than bitcoin right now
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