Topic: GLDCOIN @ Cryptsy! YAY - page 8. (Read 6473 times)

I will agree with mullick here, GLDcoin is hard to defend but other alt-coins are better suited for the spot light, DGC and WDC as mullick mentioned with their fast confirmation times.

My Personal preference is litecoin, being one of the first accepted alt-coins and also bringing new things to the table, slightly faster confirmation times and being ASIC hostile with scrypt helping with decenteralization. All alts as i said help us learn new things about the bitcoin protocol.

Once again china coin is similar to GLDcoin and hard to really bring a good light to it, released on another forum possible pre-mined though i personally haven't read any posts relating to this(haven't searched either as it wasn't around for long enough )

Top 3 alts, ya hard one to decide on that 

Oooo that's tough. I'll pm you

Huge buy support @ Cryptsy! YAY

Sike.

What do you think of Chinacoin?  What are your top three favorite alts (and why), whats a list of the coins you view as flat out pump and dumps?

GLDcoin sure do a piece. Its hard to make this coin look good TBH.

Some other coins actually have promise. WDC and DGC have a little due to their rapid confirmations but are very vulnerable to attacks. Personally I like bitgem. It has the niche of being very rare. Blocks are .3 btg now and were 3 from the start. Combine that with diff adjustment every block and ppc's 520 confirmations and you have yourself a nice little package. Nothing new of course but a few good features of coins all rolled into a nice little bundle. Secure, Rare, was not instamined to death 15,000 btg in circulation now.

If you do a piece on any others coins let me know I would be happy to defend it if I believe I have valid points. I just dont see a way of doing that with gld. Its just a market coin. When diff soars and blockchain stalls it will be dead. May be a fun ride till then but it will happen

cool story bro, peace

Well,
Right now we talk to about 4,000 people twice a week about the ideas, projects, and people powering Bitcoin and are growing at a very fast rate.   If you're a miner who wants to profit by mining these coins, it's in your best interest to try and convince me not to shine a spotlight on your altcoin and tell everyone all the reasons I think it doesn't make any sense as anything other than a scam.

Your choice, I wanted to give the opportunity to respond.  If nobody wants to talk, we'll be pushing up the release date of this story to next week since I won't need to schedule interviews.

say what? YOLO

I applaud you for bring logic to the alt coin section. Just letting you know it wont get you very far here. Enter ........fud.....bashing......virus accusations.......... scam accusations..... LET"S TALK BITCOIN WAS PREMINED!!!!!!!!!!


EDIT: OH YA FORGOT BIG RED LETTERS ALL IN CAPS

So, the problem with your analogy is that you can call any cell phone from any cell phone.  Cryptocurrencies rely on the "network effect" in order to be effective, think of each alt-chain like a language - If nobody but you speaks the language, it's not very useful.  If everybody speaks the language, it's incredibly useful.   If everybody already speaks one language, and it's working fine for them, there is no reason to learn another language unless it offers some kind of tangible value over the one you're already using.

Telling me "Gold" is a good naming convention is, and being happy with that as it's only selling point is.... really odd.... In sales we call that a "marketing gimmick" - It doesn't actually mean anything, it isn't actually true, but it gives the impression of value where there is none by associating an unrelated product with something people associate value with.

I agree some alt-chains have the potential to teach us something about how Bitcoin works, but I don't see what coins like this do outside of try to sucker dumb money hoping for a price pop.  As mentioned before, I know why Miners want to work with something like this - It takes little time, little effort, and has very large upside when it's getting more difficult to mine real chains.    So want to try and explain this again with some actual reasons?

Haha yes forex was a bad example, if you know what your doing   but yes crypto and gambling same same.

Ok maybe choosing which new crypto coin to mine is kinda like gambling...but trading Forex?  Forex is only like gambling to people who have absolutely no idea what they are doing.  I hate this comparison.  I've been a full time forex trader for 4 years.  I've said it before, I'll say it again....I guarantee you there is NO WAY I could pay my bills for 4 years sitting at a roulette table 5 days a week.

Sorry, back to topic...



Fenican, I tried arguing this point in another thread and got nowhere.  Some people still believe that somehow their faith in something can override reason and evidence.

The price at the moment means nothing because the idiots dumping their GLD for so cheap will be bought out, and then when people wasn't to buy GLD, they will have to pay a higher price.

Just the fact that its on an exchange is good enough.  The price will go up, eventually.

What shady history lol.

Don't be like that.

Every single Alt-coin/Scam-coin/W.E.-coin now is a small step forward in helping us to learn about the bitcoin protocol better. Why do we have so many different smartphones on the market? they all do the same thing, text/call/web/smartphone stuff etc. Its all about competition and getting people to like this coin over that coin. Competition is what drives things forward.

In regards to it improving or having an advantage over bitcoin/litecoin it doesn't do any of those, as i said it helps us to understand the bitcoin protocol better. Even if the devs plans is just to pre-mine it and then dump it, if the community likes that particular coin then they will continue it on even after the dev has done a runner, an example is Gamecoin.

Buying it is like buying any other alt-coin really, your unsure if its gonna be worth something or not.


Well explained here too  

I wouldn't worry about the dumps cause that is just the nature of what happens when there is high block reward in the beginning. The actual spread of the currency has to happen now. If someone wants to make money on GLDcoin the only way is to put in the work to create a back bone for it's value. Which means creating venues where GLDcoins are accepted. This could be something as simple as a payment system in a game where you buy in game currency for GLDcoins. Simple little things like this add up quickly because it spreads the user base around.

If you want to know what GLDcoin has over others. It's that if you provide the environment for it to grow the coin will hold its self up. The name is also very clever because gold is a timeless symbol for money. Meaning it's very easy for people of all ages accept "gold"coins over lets say... "feather"coins ect. As a legitimate token of value.

who wouldn't want to mine a coin named goldcoin...

It's all about a small community trading BTC back and forth, that's it. These ALT coins most likely have no future use and will be worthless in the near future. I'm pretty sure most people here understand that.

We're trying to understand what potential use coins like this serve besides being easy to mine because they're newly created.  Does GLDcoin offer *any* improvement or advantage over bitcoin or litecoin?    I get why you'd want to mine it, but I don't understand why anyone would want to buy it except being lied to about its future valuation.

woot. if someone's selling so low, I'll buy some:)