Topic: Is the altcoin era over ? - page 2. (Read 4638 times)
I am new to crypto, what strikes me is how unprofessional things are, how many amateurs have started alt coins and made money. I think alt coin era hasn't started yet.
Bitcoin and altcoin are never over, they vould be having some hiccup, but they will last forever, reliable altcoins are profitable in the long term.
since it is an open source technology and there is always room for innovation and development and as a result seeing better things, I don't think the era can be over. specially since crypto currency concept is a new thing and it is interesting too.
the fact that we don't see anything good, just shows there are so many scammers, and wanna be rich over night people who only know how to copy paste code. and their so called altcoin will be flushed and forgotten soon.
the fact that we don't see anything good, just shows there are so many scammers, and wanna be rich over night people who only know how to copy paste code. and their so called altcoin will be flushed and forgotten soon.
Altcoin era is not over it just started and that is so good because we can trade with that type of money and make more money really easy on internet what is perfect for somebody who dont know to trade in forex but most dont know.
It is not going to be over unless their father is going to be out of the league, and that's bitcoin. As long as bitcoin will exist, it's subordinates which are the alt coins will also exist and will remain in the market. Without bitcoin, alt coins are going to be a single project that will be implemented without value unless someone will invest just like the starting days of bitcoin.
Does useful innovation improve adoption ?
Nope, a lot of the innovation has been implementing by a lot of the cryptocurrency but it seems like can't encourage new adoption, the alt users are the bitcoin users itself.
But that does not have a high accuracy.
Altcoin era is not over it just started and that is so good because we can trade with that type of money and make more money really easy on internet what is perfect for somebody who dont know to trade in forex but most dont know.
The cryptocurrency market is still pretty young. If the majority of the world starts using bitcoin, then the wealth will spill over to the other altcoins. There will always be people looking for alternative investments.
Something make me interisting are the marketcap of digital coins
very large. https://coinmarketcap.com
very large. https://coinmarketcap.com
Yes, thats an interesting observation. But to put it in perspective, the market for hot dogs and sausages in 2014 was about $65 billion dollars.
~LOL~
I think it is era of digital coins bitcoin and altcoins
because strats many people and corporations that investing on bitcoin,
and some people there are building altcoins
Something make me interisting are the marketcap of digital coins
very large. https://coinmarketcap.com
because strats many people and corporations that investing on bitcoin,
and some people there are building altcoins
Something make me interisting are the marketcap of digital coins
very large. https://coinmarketcap.com
As long as we have an active market with tokens to buy and sell i'll be happy even if bitcoin is the only relevant blockchain.
We may have a lot of new assets as new applications are found when bitcoin sidechains are released, since a lot of developers may not feel confident with ethereum and will bitcoin sidechains instead.
As far as altcoin pumps... NAUT just went up 134% for some reason, so you can still make big gains.
We may have a lot of new assets as new applications are found when bitcoin sidechains are released, since a lot of developers may not feel confident with ethereum and will bitcoin sidechains instead.
As far as altcoin pumps... NAUT just went up 134% for some reason, so you can still make big gains.
I think it also depends what you call an altcoin.
In generaly will be more and more altcoins. But lots will not have own blockchain but will use other asset platforms and will basically be an asset and not an altcoin, like are now MAIDSAFECOIN, AUGUR, ICONOMI, GOLEM, ARDOR, BITCRYSTALS, NEXIUM, ...
In generaly will be more and more altcoins. But lots will not have own blockchain but will use other asset platforms and will basically be an asset and not an altcoin, like are now MAIDSAFECOIN, AUGUR, ICONOMI, GOLEM, ARDOR, BITCRYSTALS, NEXIUM, ...
Well, thats a good point Febo. I think of alts as any block chain based token that isn't bitcoin. I'm guessing that most others here do too.
This thread seems to be evolving into a discussion of the relationship between innovation and altcoin adoption at the moment. There have been a couple of different points of view expressed, some of which sound like unsupported absolutist statements, others which contain a degree of hopium, and yet others which sound pragmatic to me. So lets look at the different positions:
1) Innovation is irrelevant to altcoin adoption because
- There is no such thing as innovation
- Innovation is just marketing hype designed to scam yet more money out of punters
- Innovation happens, but it doesn't improve adoption
2) Innovation is important because
- The adoption difficulties we have observed with bitcoin are a result of some functional failures (privacy, transaction rate, block size, blockchain size) that innovation could solve
- There are new application areas beyond store-of-value/currency-tokens (soft contracts, data security, etc) that are useful and not currently directly supported by bitcoin.
Can both positions be right ?
This is where the conversation gets potentially interesting and divergent.
Yes they can. Adoption and innovation are separate from each other. Each have an effect on the other but neither is dependent on the other.
Hopefully this discussion will continue along these lines and not degrade.
Does useful innovation improve adoption ?
The same way as scammers take away adoption itself, steem is the best example, it was at the start a good new coin with a features that no other coin had, like earning with your blog by using the technology of steem, but then the websiste was scammed, and the trust was lost, destroying everything that was new about this coin
But i think you can have a good coin without innovation, but proper support, this is more important to me, the dev 99 out of 100 is MIA and the coin die because of this
I think it also depends what you call an altcoin.
In generaly will be more and more altcoins. But lots will not have own blockchain but will use other asset platforms and will basically be an asset and not an altcoin, like are now MAIDSAFECOIN, AUGUR, ICONOMI, GOLEM, ARDOR, BITCRYSTALS, NEXIUM, ...
In generaly will be more and more altcoins. But lots will not have own blockchain but will use other asset platforms and will basically be an asset and not an altcoin, like are now MAIDSAFECOIN, AUGUR, ICONOMI, GOLEM, ARDOR, BITCRYSTALS, NEXIUM, ...
Well, thats a good point Febo. I think of alts as any block chain based token that isn't bitcoin. I'm guessing that most others here do too.
This thread seems to be evolving into a discussion of the relationship between innovation and altcoin adoption at the moment. There have been a couple of different points of view expressed, some of which sound like unsupported absolutist statements, others which contain a degree of hopium, and yet others which sound pragmatic to me. So lets look at the different positions:
1) Innovation is irrelevant to altcoin adoption because
- There is no such thing as innovation
- Innovation is just marketing hype designed to scam yet more money out of punters
- Innovation happens, but it doesn't improve adoption
2) Innovation is important because
- The adoption difficulties we have observed with bitcoin are a result of some functional failures (privacy, transaction rate, block size, blockchain size) that innovation could solve
- There are new application areas beyond store-of-value/currency-tokens (soft contracts, data security, etc) that are useful and not currently directly supported by bitcoin.
Can both positions be right ?
I think it also depends what you call an altcoin.
In generaly will be more and more altcoins. But lots will not have own blockchain but will use other asset platforms and will basically be an asset and not an altcoin, like are now MAIDSAFECOIN, AUGUR, ICONOMI, GOLEM, ARDOR, BITCRYSTALS, NEXIUM, ...
In generaly will be more and more altcoins. But lots will not have own blockchain but will use other asset platforms and will basically be an asset and not an altcoin, like are now MAIDSAFECOIN, AUGUR, ICONOMI, GOLEM, ARDOR, BITCRYSTALS, NEXIUM, ...
Many people are finding different innovative about altcoin, every one is showing interest toward altcoin even though they are not giving much profit. But upto now no altcoin has secure it's position after bitcoin. Every one is finding which one is going to be best after bitcoin which altcoin is going to secure it's position.
If not, what innovations do you think future alts will bring to crypto ?
The altcoin era is not yet over,if you want to know why,just check out the altcoin section and see the many altcoin ico being launch with a promise innovations ,but some unscropolous dev has taken advantages of this scenarion because people still believes that there will be more bitcoin like start up,that is why they keep investing in this icos.
I don't think the era of altcoin is over. Because fro what is happening now, little by little many altcoin are improving to their project. And the percentage of worth buying altcoin is also increase. Which means the innovation also improve unto it. More community are getting involve unto it also.
I think it died and said it years ago because..
The dev's took the easy root i have pointed out lots.
Rather than making an improved distribution system. (with or with out a block chain)
They simply flopped onto their backs and started doing mass ICO's and "ledgers" etc.
Why ?
So they could they could focus on creating new gimmicks.
It's painfully obvious the effort to make a viable and adopted and innovative digital currency ended long ago.
If so then what has been happening ever since ?
Schemes.. gimmicks !
The focus and effort was shifted permanently now to making things like BlockNET, Steem or Ethereum etc.
It's simple, they realized they have no idea on how to improve on Bitcoin or maybe POS etc
So what did they do ?
Create a new "Currency" that has an alternative use.
In other words don't make a coin.. make a scheme of sorts that utilizes a block chain etc.
Look at Pascal
The big feature ?
It was coded in an alternative obscure language (which would has lots of draw backs)
C++ is more popular for a reason guys.
And the other "genius" part of it ?
I think maybe it was an accident..
I bet the dev guy started making a port of a coin in Pascal then ran into problems and simply thought hey know what ?
Screw it.. i will neuter aspects of the coin and pump it out as "innovative".
His NEW "features" were born out of a failure to port the code is what i am speculating.
And you will all eat it up because you have wide goal posts for what you call "innovative"
What would that be ?
Anything that is DIFFERENT and puts profits in your pocket.
The world of Altcoins is a facade.. a charade of smoke & mirrors.
The dev's took the easy root i have pointed out lots.
Rather than making an improved distribution system. (with or with out a block chain)
They simply flopped onto their backs and started doing mass ICO's and "ledgers" etc.
Why ?
So they could they could focus on creating new gimmicks.
It's painfully obvious the effort to make a viable and adopted and innovative digital currency ended long ago.
If so then what has been happening ever since ?
Schemes.. gimmicks !
The focus and effort was shifted permanently now to making things like BlockNET, Steem or Ethereum etc.
It's simple, they realized they have no idea on how to improve on Bitcoin or maybe POS etc
So what did they do ?
Create a new "Currency" that has an alternative use.
In other words don't make a coin.. make a scheme of sorts that utilizes a block chain etc.
Look at Pascal
The big feature ?
It was coded in an alternative obscure language (which would has lots of draw backs)
C++ is more popular for a reason guys.
And the other "genius" part of it ?
I think maybe it was an accident..
I bet the dev guy started making a port of a coin in Pascal then ran into problems and simply thought hey know what ?
Screw it.. i will neuter aspects of the coin and pump it out as "innovative".
His NEW "features" were born out of a failure to port the code is what i am speculating.
And you will all eat it up because you have wide goal posts for what you call "innovative"
What would that be ?
Anything that is DIFFERENT and puts profits in your pocket.
The world of Altcoins is a facade.. a charade of smoke & mirrors.
Everything is still ahead.
And would develop a very long time.
And would develop a very long time.
i think there are really nice innovative coins out there, the thing is just to find them due to all those shit projects.
so no the era is not over the idea of blockchain and everything connected with this is out of the bottle and wont go into it again.
2017 gonna be an interesting year.
In fact it is difficult to find projects that really are legitimate, there are many cryptocurrencies that are just schemes to get money from people with little knowledge about the cryptocurrency space. But some of these currencies are legit and some of them are important for the development of Bitcoin, as many of the improvements used in these currencies can be implemented in Bitcoin in the future.so no the era is not over the idea of blockchain and everything connected with this is out of the bottle and wont go into it again.
2017 gonna be an interesting year.
Quite difficult and that even within the legitimate there are many who seem abandoned, due to the lack of interest of its users.
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