have attained insider information and leaked-prominent bilionaire releasing alt

jonnysomething

member

Activity: 98

Merit: 10

Quote from: toknormal on March 10, 2014, 05:33:56 AM

Quote from: acarterczyz on March 09, 2014, 07:18:41 PM

Wrong. There would be publicity behind it - not to mention they would be able to afford good dev support to help build an awesome and long lasting coin. This should be a big deal

Celebrity sponsored cryptocurrencies are a gimmick.

Yes - they will get a lot of publicity, but then die a quick death. This is the history of the web. It's kind of like 'corporate-sponsored email', i.e. about as popular an idea as a private road. Instead of following the public highway from Paris to Berlin, people would take the "Donald Trump express" cos it has his name on it.

Except that, the Donald Trump express has no filling stations, restaurants, maintenance trucks or breakdown services on the way. That's the Bitcoin infrastructure that you don't get (and will never get) with any alt coin.

Celebrity backed "coins" are second class merchandise in the cryptocurrency world and half of the market won't touch them for this reason.

Celebrity backed, yes. Max Keiser had no idea what he was getting in to. Big money coins are different. They will do their research.

You want to know how you can make a Walmart coin 100% successful for life? 10% off if you use WalCoin, purchasable at every Walmart location with cash, credit or debit.

Stick56

member

Activity: 68

Merit: 10

Hoping to see another sunrise from home!

I'm guessing a Martha Stewart coin, I hear she loves insider trading. Lol

pajak666

hero member

Activity: 746

Merit: 502

Looking for advertising deal

Virgin coin sounds possible

Zackgeno96

hero member

Activity: 1778

Merit: 520

inc bill gates coin! LOL Roll Eyes

wasamata

full member

Activity: 210

Merit: 100

Coingate?

FreeTrade

legendary

Activity: 1470

Merit: 1030

Quote from: acarterczyz on March 09, 2014, 07:27:10 PM

Centralized cryptocurrencies do exist and let me tell you WHY they succeed.

1. Joe Shmoe builds ShmoeCoin and launches it. Everyone and their second cousin starts mining the coin. Joe Shmoe can't afford good dev help or support for his miners/investors. The coin dies in a burning flaming hell.

2. Tonald Drump, a well known celebrity, creates a high quality coin he is backing with his own money. It has a good dev support and a portion of transaction fees are sent back to him. He uses these fees to pay the developers to keep the coin awesome and new technology incorporated with the coin. Everyone loves the coin, regardless if its centralized, because it is sustainable, secure, and has a support team.

Think about it. Centralized is not a bad thing. Abandoning a coin because you lack the dev support or money to fix your coin is a bad thing.

Coins need to use part of the mining rewards to hire devs and finance network services. Like MemoryCoin.

toknormal

legendary

Activity: 3066

Merit: 1188

Quote from: acarterczyz on March 09, 2014, 07:18:41 PM

Wrong. There would be publicity behind it - not to mention they would be able to afford good dev support to help build an awesome and long lasting coin. This should be a big deal

Celebrity sponsored cryptocurrencies are a gimmick.

Yes - they will get a lot of publicity, but then die a quick death. This is the history of the web. It's kind of like 'corporate-sponsored email', i.e. about as popular an idea as a private road. Instead of following the public highway from Paris to Berlin, people would take the "Donald Trump express" cos it has his name on it.

Except that, the Donald Trump express has no filling stations, restaurants, maintenance trucks or breakdown services on the way. That's the Bitcoin infrastructure that you don't get (and will never get) with any alt coin.

Celebrity backed "coins" are second class merchandise in the cryptocurrency world and half of the market won't touch them for this reason.

s1gs3gv

legendary

Activity: 1316

Merit: 1014

ex uno plures

100% pre-minded branded coins are the future of altcoins. Coca Cola, Kellogs, Amazon … all using them for reward systems. You will be able to exchange Coca Cola coins for Pepsi Coins, etc.

Its an advertising agency's wet dream come true. Individual billionaires don't count in this view of the altcoin future.

acarterczyz

full member

Activity: 168

Merit: 100

Centralized cryptocurrencies do exist and let me tell you WHY they succeed.

1. Joe Shmoe builds ShmoeCoin and launches it. Everyone and their second cousin starts mining the coin. Joe Shmoe can't afford good dev help or support for his miners/investors. The coin dies in a burning flaming hell.

2. Tonald Drump, a well known celebrity, creates a high quality coin he is backing with his own money. It has a good dev support and a portion of transaction fees are sent back to him. He uses these fees to pay the developers to keep the coin awesome and new technology incorporated with the coin. Everyone loves the coin, regardless if its centralized, because it is sustainable, secure, and has a support team.

Think about it. Centralized is not a bad thing. Abandoning a coin because you lack the dev support or money to fix your coin is a bad thing.

blade87

hero member

Activity: 644

Merit: 500

Same thing that happened to MaxCoin?

acarterczyz

full member

Activity: 168

Merit: 100

Quote from: toknormal on March 09, 2014, 05:12:44 PM

Do people not realise that the whole point of cryptocurrencies is that they are de-centralised.

That means they can't be owned. It means that if Bill Gates himself launched an alt coin it would be about as competitive as Auroracoin on fundamentals. Obviously Gates-Coin would generate some interest on hype, but would have no long term advantage.

Look at Maxcoin. You could not have got a more hyped coin, and yet it sunk only a week after launch.

Billionaire launching coin = who cares.

Egocoin.

Wrong. There would be publicity behind it - not to mention they would be able to afford good dev support to help build an awesome and long lasting coin. This should be a big deal.

CoinTropolis_JustaBitTime

member

Activity: 98

Merit: 10

*smh*

ILoseAtPoker

newbie

Activity: 35

Merit: 0

Quote from: toknormal on March 09, 2014, 05:12:44 PM

Do people not realise that the whole point of cryptocurrencies is that they are de-centralised.

That means they can't be owned. It means that if Bill Gates himself launched an alt coin it would be about as competitive as Auroracoin on fundamentals. Obviously Gates-Coin would generate some interest on hype, but would have no long term advantage.

Look at Maxcoin. You could not have got a more hyped coin, and yet it sunk only a week after launch.

Billionaire launching coin = who cares.

Egocoin.

Not if you can buy their products and potentially many other products with the new currency. Imagine infrastructure set up to be able to buy all virgin or microsoft goods immediately with a new coin.

toknormal

legendary

Activity: 3066

Merit: 1188

Do people not realise that the whole point of cryptocurrencies is that they are de-centralised.

That means they can't be owned. It means that if Bill Gates himself launched an alt coin it would be about as competitive as Auroracoin on fundamentals. Obviously Gates-Coin would generate some interest on hype, but would have no long term advantage.

Look at Maxcoin. You could not have got a more hyped coin, and yet it sunk only a week after launch.

Billionaire launching coin = who cares.

Egocoin.

Oldminer

legendary

Activity: 1022

Merit: 1001

Playboycoin?

CryptoKilla

member

Activity: 112

Merit: 10

Quote from: jonnysomething on March 09, 2014, 04:35:19 PM

Big money coming to crypto is not a good thing. You think you're going to take advantage of someone who can pay 100 people to make sure you can't? They're going to eat this shit up and leave poor people poorer.

Sounds about right

brokedummy

legendary

Activity: 980

Merit: 1004

in before bransoncoin

jonnysomething

member

Activity: 98

Merit: 10

Big money coming to crypto is not a good thing. You think you're going to take advantage of someone who can pay 100 people to make sure you can't? They're going to eat this shit up and leave poor people poorer.

cryptopaths

hero member

Activity: 616

Merit: 500

Crypto Knight

Quote from: serje on March 09, 2014, 04:14:47 PM

If it's Paris Hilton I'm in!

She is not capable of pump and dump! She can only pump!

haha then that indeed would be good news for the crypto community.

sadface

sr. member

Activity: 434

Merit: 250

virgin coin

Topic: have attained insider information and leaked-prominent bilionaire releasing alt (Read 1987 times)