Both are pump and dumps.
BTW. How are your coin pump and dumps coming along?
Topic: How much hope is there for any new coin not to be dumped to death? (Read 1251 times)
Both are pump and dumps.
BTW. How are your coin pump and dumps coming along?
May 20, 2013, 09:22:12 PM
For a coin to succeed long term it needs a community supporting it and developing for it. Coins that don't have this risk falling into the whole pump and dump scheme.
Yeah that's one reason why Feather will survive in the long run, the dev is accountable and he's active on the forums. Most of these other coins are released by first-time poster accounts. The guy who released CNC didn't even come back after the coin was released. It's hard to believe anyone interested in releasing their own coin didn't already have an account on here. I mean yeah, I get wanting to remain anonymous but that really does you no good with all the competition out there. Don't compare Satoshi and Bitcoin, quite different.
Look at other major alts like Litecoin and PPCoin, both released by devs that were active in the community and don't hide behind an alias dedicated to their coin.
May 20, 2013, 09:14:09 PM
Hear hear, OP 
I really hope Worldcoin will have some future, love the fast transaction time and the 8 hour retarget.
I won't be panicselling my WDC, keep it alive!
+1 and Holding.I really hope Worldcoin will have some future, love the fast transaction time and the 8 hour retarget.
I won't be panicselling my WDC, keep it alive!
With the amount of support Worldcoin seems to have, it will be the only alt coin (today) to contend with LTC/FTC.
I see a lot of FTC members changing teams
they put money in because they have a shitloads of coin, ftc has been good at marketing since the beginning, do you need caps lock and color to understand?
I personally put a lot of cash in, not coins.
May 20, 2013, 09:12:38 PM
Hear hear, OP
I really hope Worldcoin will have some future, love the fast transaction time and the 8 hour retarget.
I won't be panicselling my WDC, keep it alive!
+1 and Holding.I really hope Worldcoin will have some future, love the fast transaction time and the 8 hour retarget.
I won't be panicselling my WDC, keep it alive!
With the amount of support Worldcoin seems to have, it will be the only alt coin (today) to contend with LTC/FTC.
I see a lot of FTC members changing teams
they put money in because they have a shitloads of coin, ftc has been good at marketing since the beginning, do you need caps lock and color to understand?
I personally put a lot of cash in, not coins.
May 20, 2013, 09:11:30 PM
For a coin to succeed long term it needs a community supporting it and developing for it. Coins that don't have this risk falling into the whole pump and dump scheme.
May 20, 2013, 09:09:23 PM
Hear hear, OP
I really hope Worldcoin will have some future, love the fast transaction time and the 8 hour retarget.
I won't be panicselling my WDC, keep it alive!
+1 and Holding.I really hope Worldcoin will have some future, love the fast transaction time and the 8 hour retarget.
I won't be panicselling my WDC, keep it alive!
With the amount of support Worldcoin seems to have, it will be the only alt coin (today) to contend with LTC/FTC.
I see a lot of FTC members changing teams
they put money in because they have a shitloads of coin, ftc has been good at marketing since the beginning, do you need caps lock and color to understand?
I personally put a lot of cash in, not coins.
FTC doesn't seem as great at marketing these days, and it may be slightly harder to market feathers than to market Worldcoins.
May 20, 2013, 09:05:20 PM
Have you seen what's happening with Feathercoins today? Price is up 70%, hash rate is up, it's days away from it's hard fork target to address the problems with difficulty hikes it's been having, and the community is going bonkers.
Not all alt-coins are slated for the same fate. What's the difference here? An active community who's willing to put their money where their mouth is in order to see it get mass adoption. When you have that, technical problems tend to be less of an issue.
Not all alt-coins are slated for the same fate. What's the difference here? An active community who's willing to put their money where their mouth is in order to see it get mass adoption. When you have that, technical problems tend to be less of an issue.
they put money in because they have a shitloads of coin, ftc has been good at marketing since the beginning, do you need caps lock and color to understand?
May 20, 2013, 08:55:51 PM
Are you implying new coins aren't only used for pump and dumps.
May 20, 2013, 08:50:52 PM
Have you seen what's happening with Feathercoins today? Price is up 70%, hash rate is up, it's days away from it's hard fork target to address the problems with difficulty hikes it's been having, and the community is going bonkers.
Not all alt-coins are slated for the same fate. What's the difference here? An active community who's willing to put their money where their mouth is in order to see it get mass adoption. When you have that, technical problems tend to be less of an issue.
Not all alt-coins are slated for the same fate. What's the difference here? An active community who's willing to put their money where their mouth is in order to see it get mass adoption. When you have that, technical problems tend to be less of an issue.
May 20, 2013, 08:46:02 PM
Someone should make an altcoin based on one of the emerging asymmetric encryption algorithms thought to be secure against quantum computers (which implement shor's algorithim)
THAT would actually have some value. THAT would be the most conservative & secure coin, even more than bitcoin
oh wait
that would require programming and mathematical and technical skill
THAT would actually have some value. THAT would be the most conservative & secure coin, even more than bitcoin
oh wait
that would require programming and mathematical and technical skill
May 20, 2013, 08:35:59 PM
To genuinely introduce new features you probably need to do a PhD study into the whole subject. There are mathematical things that need solving such as out of control block chain growth, and 51% attack proofing.
Not any mathematical thing requires a PhD. Could be a nice paper, though. May 20, 2013, 08:33:37 PM
The only new features I have seen that worked is WDC 15sec block rate. Everything else has been tried before.
Coins will be pumped and dumped, that's just how it works. It's not the coin features that make it successful, it's the infrastructure around it, the clients, merchants, exchanges, documentation, promotion.
Things like difficulty, block rewards, scrypt, are all meaningless to the sucess of a coin as they are all miner focused. Merchants and traders, the real coin users, don't give a rats about such things.
To genuinely introduce new features you probably need to do a PhD study into the whole subject. There are mathematical things that need solving such as out of control block chain growth, and 51% attack proofing.
Coins will be pumped and dumped, that's just how it works. It's not the coin features that make it successful, it's the infrastructure around it, the clients, merchants, exchanges, documentation, promotion.
Things like difficulty, block rewards, scrypt, are all meaningless to the sucess of a coin as they are all miner focused. Merchants and traders, the real coin users, don't give a rats about such things.
To genuinely introduce new features you probably need to do a PhD study into the whole subject. There are mathematical things that need solving such as out of control block chain growth, and 51% attack proofing.
May 20, 2013, 08:27:45 PM
Hear hear, OP
I really hope Worldcoin will have some future, love the fast transaction time and the 8 hour retarget.
I won't be panicselling my WDC, keep it alive!
I really hope Worldcoin will have some future, love the fast transaction time and the 8 hour retarget.
I won't be panicselling my WDC, keep it alive!
May 20, 2013, 08:26:50 PM
Currently the new coins are only mined to be dumped. Nobody has any other interest in them, not even their creators. If nobody needs them, they're worthless, no matter how difficult they are to mine, or how few of them are there.
The very idea of coin distribution which assigns the bulk of coins to a few early "adopters" (for the lack of a better term, because nobody is really going to adopt it) is absurd. The coins are not backed by anything but wasted time and electricity. The original idea was that the miners support the network, but it was totally perverted and turned into the sole purpose of existence of a coin. Mining is just a way to safeguard against double spend attacks; without actual attackers, or spending, it's pointless.
The very idea of coin distribution which assigns the bulk of coins to a few early "adopters" (for the lack of a better term, because nobody is really going to adopt it) is absurd. The coins are not backed by anything but wasted time and electricity. The original idea was that the miners support the network, but it was totally perverted and turned into the sole purpose of existence of a coin. Mining is just a way to safeguard against double spend attacks; without actual attackers, or spending, it's pointless.
The coins survives because they are usefull. If nobody accept the coin in no places, you can't do nothing = no value.
That is why BTC is the most expensive, because it's the most used of all cryptocurrencies.
Why you sign your messages if you have your nickname and avatar on the left side?
BTC and LTC are literally the only coins with any vendors that use them at allThat is why BTC is the most expensive, because it's the most used of all cryptocurrencies.
There is nothing elegant about shitloads of orphans.
It is trivial to fix, just set starting difficulty reasonable.
But none of them do that because their entire point no matter what they say is proven by their failure to set difficulty appropriately: they are all about premine aka instamine aka pump and dump, that is their entire purpose and once dumped another equally scammy orphan-fest follows.
-MarkM-
It is trivial to fix, just set starting difficulty reasonable.
But none of them do that because their entire point no matter what they say is proven by their failure to set difficulty appropriately: they are all about premine aka instamine aka pump and dump, that is their entire purpose and once dumped another equally scammy orphan-fest follows.
-MarkM-
Why you sign your messages if you have your nickname and avatar on the left side?
the others are 100% exchange, speculation, pump and dump, and mining. or perhaps gambling within the coin itself or with other altcoins, aka basically an exchange with dice.
not to mention they have no features beyond BTC/LTC. less block time = less security
you cannot have your cake and eat it too
The coins survives because they are usefull. If nobody accept the coin in no places, you can't do nothing = no value.
That is why BTC is the most expensive, because it's the most used of all cryptocurrencies.
Why you sign your messages if you have your nickname and avatar on the left side?
That is why BTC is the most expensive, because it's the most used of all cryptocurrencies.
There is nothing elegant about shitloads of orphans.
It is trivial to fix, just set starting difficulty reasonable.
But none of them do that because their entire point no matter what they say is proven by their failure to set difficulty appropriately: they are all about premine aka instamine aka pump and dump, that is their entire purpose and once dumped another equally scammy orphan-fest follows.
-MarkM-
It is trivial to fix, just set starting difficulty reasonable.
But none of them do that because their entire point no matter what they say is proven by their failure to set difficulty appropriately: they are all about premine aka instamine aka pump and dump, that is their entire purpose and once dumped another equally scammy orphan-fest follows.
-MarkM-
Why you sign your messages if you have your nickname and avatar on the left side?
There was elacoin, but no one cared. current mhash: "networkhashps" : 6256648
There's a new coin coming in a few weeks or so that is like elacoin, I forget the name of it. It looks like it might be pretty decent. It's done by some guy that makes mining rigs and sells them.
There's a new coin coming in a few weeks or so that is like elacoin, I forget the name of it. It looks like it might be pretty decent. It's done by some guy that makes mining rigs and sells them.
There is nothing elegant about shitloads of orphans.
It is trivial to fix, just set starting difficulty reasonable.
But none of them do that because their entire point no matter what they say is proven by their failure to set difficulty appropriately: they are all about premine aka instamine aka pump and dump, that is their entire purpose and once dumped another equally scammy orphan-fest follows.
-MarkM-
It is trivial to fix, just set starting difficulty reasonable.
But none of them do that because their entire point no matter what they say is proven by their failure to set difficulty appropriately: they are all about premine aka instamine aka pump and dump, that is their entire purpose and once dumped another equally scammy orphan-fest follows.
-MarkM-
Wouldn't that require mining the genesis block at the desired starting difficulty? At 1 it'd take a ridiculously long time.
There is nothing elegant about shitloads of orphans.
It is trivial to fix, just set starting difficulty reasonable.
But none of them do that because their entire point no matter what they say is proven by their failure to set difficulty appropriately: they are all about premine aka instamine aka pump and dump, that is their entire purpose and once dumped another equally scammy orphan-fest follows.
-MarkM-
It is trivial to fix, just set starting difficulty reasonable.
But none of them do that because their entire point no matter what they say is proven by their failure to set difficulty appropriately: they are all about premine aka instamine aka pump and dump, that is their entire purpose and once dumped another equally scammy orphan-fest follows.
-MarkM-
DigitalCoin and Nibble, both great launches in my opinion. Lowering the block reward when difficulty is next to nothing works well, promotes more even distribution of coins. It's an elegant way of dealing with the early orphan issues. Also from what I've seen there seems to be less people dumping those coins so far.
While there's less potential profit to jumping on these coins early, I think this puts off miners looking to rake in 1000s of coins, allowing for more natural hashrate growth. The biggest detriment to these new coins is people looking to dump them on an exchange right from the get go, and if people have less coins they might think twice about dumping them all at once.
While there's less potential profit to jumping on these coins early, I think this puts off miners looking to rake in 1000s of coins, allowing for more natural hashrate growth. The biggest detriment to these new coins is people looking to dump them on an exchange right from the get go, and if people have less coins they might think twice about dumping them all at once.
Value tends to be relative too though. Lower block reward, and fewer coins = higher value on an exchange = dump, dump, dump
Jump to: