Topic: Is the altcoin era over ? - page 3. (Read 4638 times)

Sometimes.

Steem brought a lot of people into the crypto space who were writers and came from Medium (a blog platform). Many had never ever used cryptocurrency before. Steem was easy for them in that it uses usernames to move money instead of long addresses - but many of them then went on to learn how bitcoin worked and so on.

Doge also brought in a whole bunch of people who simply liked memes, and who also liked the whole Jamaican bob-sled sponsorship, the Nascar sponsorship and so on. The big innovation from Doge was to abandon the limited coin thing and embrace inflation (which meant that people didn't hoard and happily tipped and spent).

So yes, sometimes alts bring in people who bitcoin couldn't reach, and some innovations really do help adoption.

Does useful innovation improve adoption ?

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.

They will keep raising and keep evolving the bitcoin's trend so it can be accept world wide
Altcoin is risky investment so they must do some great marketing to keep their existence because the competition getting tough recently

pump and dumps and the fact that cryptocurrecy source code is open source is killing them. every time you blink a new altcoin is created and its price goes down to 0 just as fast.
and then there is big projects that are supposed to be good and you see them being pump and dumped
and then you look at their adoption, and there is nothing there. you can't find a damn shop in the whole world that is accepting an altcoin payment.

I agree with it, innovation is always on the process and it will keep on going. Technology always upgrade so the alt coins too. But I'm sure that there are good ones that are able to survive as long as their devs are going to have time to make that coin to compete in the market.

Btc will always remain ahead of any crypto but Altcoin era has not ended.In fact it is just the beginning for Altcoins,the possibilities are limitless.We would see a lot of innovative coins.Not all may survive, but some will stay here for ever.

YES ! ..this !
I swear we think the same all the time. LOL

I also think these profiteers saying it's alive still are missing the point.
I seen guys defend Doge coin before by saying.. well, well.. i made 35 cents profit just now on trading it.
LOL uhmm so what ? who cares ?

Morphing the entire world of crypto into a massive infrastructure for lawless illegal profiteering make this closely resemble a gigantic Pyramid scheme of sorts.

You all rail on how they are like penny stocks and companies and IPO's with white paper's and fancy titles like CTFO of Githubbery.
But guess what ?
If there is no law against insider trading.. then there will be rampant insider trading.
And that goes on and on with other types of CRIMES.
Which is WHY FiNCEN exists in the first place and why FiNCEN requires exchanges to take your ID and they report you to the fed's while you chant Free Market.

The guy from KickAssTorrents does not have tinfoil on his head.
He made the mistake in thinking this was lawless shit.

In my topic RIP Altcoins (it was a thing) topic i mentioned the point you all tend to miss..
Richard Branson..
1 or 2 major players in the Financial world being brought into a legit crypto scene is worth more than every sleazy little scammy ass douche we have now wandering around in circle scrounging for chump change.

You see people the legit road is paved with gold !
Doing things for no other reason than profits and supporting coins you shouldn't in the process is self destructive and undermines the currencies trying to make a solid legit effort.

That is the path to HUGE riches.
What you are all doing now and defending is peanuts.. chump change.. a joke !

2013 was nothing.. imagine if 1 billion users joined crypto.  

..sadly greedy impatient immoral babies can't look past the 45 cents profit they are clutching now.

The majority are in control and you guys love it.
Then no one has to take responsibility for anything.
You can all collectively keep supporting sketchy crap for profits.

Does 1 person in crypto think we NEED Ethereum ?
No ..we NEED adoption.

And if you all cared about adoption you would be talking about it.. not coin prices.

Things will only be getting worse with law and regulations etc.
Authorities are not going to ignore this stuff forever.
They need to catch up with the tech then they will hammer it like they do with online Piracy.
We will have our own Martha Stewart doing jail time of insider trading one day..
But who will it be ? An exchange owner ? Butters ? a coin dev ? coin pumper ?

i don't think it is over yet.
but things are obviously very bad these days. i keep seeing new altcoins pop up and when you check the project you find absolutely nothing new! it is the same old code copied and only with a new name!
if things continue this way, we either will see a million of them all at 1 satoshi and less or at some point they give up and leave the market alone to real development.

Spending time on the next big exchange, yobit... opens your eyes.

Alts today are just a modern evolution of the casino with yobit at the leading edge...
There isn't even any pretense anymore that alts have meaning or utility...
New Zero Sum Games are not immoral among consenting adults... degens are gonna degen so take their money.

People who pine for the "purity" of 2013 like should crawl back under their rock.

I agree even till now there is no compete for bitcoin, that's why bitcoin became more popular. Even many coins are trying to secure there position after bitcoin but they are keep failing. Altcoin industry is keep increasing in all format but not able to secure their position.

If you mean that altcoins will never be bitcoin's serious rival, than yes, it's ended but people never stop creating of altcoin, because some people and even children wants their own coin but it's another taks, how they can to develope it. Some altcoin can to offer more innovation but bitcoin gained trust very much and this factor causes end of simple altcoins era but serious altcoins still can to try and fight against bitcoin.

you're dissonant with youself

crypto needs adoption not innovation.

those pro innovation; tell me what innovation is needed?

imo the only innovation needed in crypto is simplification (to help with adoption by average joes), and all the innovation i'm seeing is doing the opposite; mostly making crypto more complex and further out of reach to average joe's.

i think altcoins are needed because btc went off the rails and doesn't match the promise its original potential showed.

As long as there is room for improvement and the improvements in bitcoin come as slow as as they are at the moment there will always be room for altcoins and new ways of doing things more efficiently.

There is always room for innovation. There will never be a perfect currency, there are always new technologies coming up and new problems arise, along with these problems come new solutions. And so all things evolve.

No the era is not yest over, just most of the people not interested in using alt coin and because the lack of interest the coin become not popular and it become priceless, actually some of the alt coin offer a great feature but somehow alt coin need a better publication and get rid of the negative label, the future of alt coin still promising

i don't think that altcoin era is over, i see that in altcoin, many dev have been upgrade their altcoin to be better and they back up it so the coins will stay and will used by more people. if the altcoin era is over, then we don't see that it is time for altcoin to rise because in many market, altcoin makes good movements and we can earn more bitcoin for this. i am sure that within a week, there is always a new altcoin that will ready to launch.

Pumps and dumps do not constitute an altcoin era. Altcoins which truly bring something new to the table, increase adoption of cryptos and rise because of that constitute successful altcoins. Penny stocks/alts will always be around.

As long as it will be possible for devs to earn money from ICO, premine, exploiting early adopter status ,pumps and dumps, as long new altcoins will be created.
There will be always bunch of people greedy enough to support even the most shittiest coins in the name of profits.