Topic: (My opinion) The Coin Creation Phase has ended... (Read 2047 times)

I am very aware of the innovations from these past years, but I still don't see a use case other than speculation. In my opinion, every experiment that talked about public goods, governance, etc. has completely failed. It's a problem of incentives; the corruption that these systems (not decentralized) allow occurs just like in any other area. There’s a crypto mantra of decentralization, equal opportunities, access for everyone, etc. The reality is that everyone is looking to gain their own immediate benefit without thinking about the long term.

Ethereum, for example, isn't just about creating more tokens - it's the backbone of decentralized applications (dApps) and smart contracts.

These innovations and facts are contradictory to your statement.

Epic thread! Congrats.
A decade later, we're still practically the same. Not a single use case for altcoins outside of creating more and more tokens, and DeFi, which is an even bigger scam than the usual CeFi.

It all starts from one's self, I do agree. And the trend can't be stopped, not one like that.

Ypu would like to think so but the endless coin creation I don't think will ever fade.  Greed drives prices to go up when in reality they shouldn't.  If people stop buying these new coins that are built on little to nothing in terms of an actual project.  Until that stops coin creation won't stop.  Only thing you can really do is personally not buy into any of those and do.ypur part in slowing down that side of crypto.

Anyone is free to create your own crappy coin, that wasn't the point. I was looking new researches, new models of blockchains.

Why would that have ended? Most of them didn't make sense in the first place and i has become painfully clear that market never gets saturated by them even if there wouldn't be enough miner rigs, because there's always staking . Most of them are dead on arrival, but that doesn't prevent anyone making them more. And that's how it should be; freedom for anyone to build their own crappy coin.

Only thing that prevents them being a menace is the fact that they need to be listed to CeXes to get trading activity or they need to build their own ecosystem first, which is lots of work for a scam, that most of them are.

Memecoins = altcoins

Yup, that was my point with Sexcoin. Bitcoin is innocuous and what you use it for will be pretty ambiguous,  but that's not really the case with Titcoin now is it? It's really not going to catch on within the industry and if they were going to use any crypto it'd almost certainly be BTC.

the entire premise of your coin is stupid.....the sex industry can use any coin it wants, why pick one with an insecure block chain? totally pointless. Use ltd doge or even btc just pick any of those to use. Also it actually works against the idea of what most guys want..... your gf finds bitcoin, litecoin etc on you pc fine.... finds titcoin with it being known for use with sex sites ...starts moaning.

Stupid idea and pointless.

I'm sure there's some devs that have the best intentions, but often their claims or aspirations turn out to be pretty naive and/or grossly overblown. I think with most of the alts that try capture a niche market or use a gimmick the question why not just use Bitcoin? comes into play.

Valid point, then again, welcome to the internet which is even worse than real life to determine whether someone is lying or not. With AltCoins, you can never be sure.. there is money involved and personally I also don't trust people when money is involved.. only time will tell which coins are still supported by their team and which are not. We are in every case really doing an effort to get industry partners involved which is far from easy and explains why we didn't launch 4 months ago.

Yeah, you say all that but your coin is called Titcoin, so all of what you just said is probably the same hot air and ideals all devs claim initially, so yeah, probably ironic (unless your post was meant to be entirely ironic (hard to tell these days  )).

It is not because the coin is not improving a technical aspect that it is not useful. Granted, there are too many coins out there already. Also for our goal there is already SexCoin and TittieCoin. However, it is not because people are later to launch a coin that they are more or less crap than any of the earlier coins. We saw great potential in SexCoin and saw some flaws in the management which is why we are working for months already to involve industry partners before we launch this coin. We are aiming to make a coin for a specific group that benefits from it, make it fair, promote it with the right people, don't just launch it and hope people pick up (there are too many coins for this tactic to work) make sure businesses have a personal interest in the coin and most of all not abandon the coin. Saying all 200 coins you list there are all crap coins without better investigation in what they are trying to achieve is a bit... of a shortcut. In any case I agree that there are too many coins and yet I believe in the one I am promoting enough to join their team.. which is maybe a bit ironic .

PS: we are releasing the coin soon, more information can be found here:

http://forum.cryptolife.net/index.php?topic=66.0

Twitter
@OfficialTitcoin

Facebook
http://www.facebook.com/titcoin
 
Subscribe to Mailing list
http://[Suspicious link removed]/N4KET

i hate it when the devs, if you can call them that, bring out a coin and then f*ck off. especially if theirs a few people interested in the coin.

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There's a massive list here as well: http://www.wheretomine.com/ Why people even bother with most of these is beyond me.
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The answer is simple and you know it: bitcoin is reserved already (need details about that?), litecoin is minted by rich people with expensive hardware, known altcoins are going after litecoins and bitcoins (same path).

For newbies remains new altcoins with low dificulty and big expectation. It looks like regulation is good now for you, right?
When regulation is made by guvernments is bad. When is no regulation (like in this crypto world) is bad...
People must chose their path: regulated or not?
Most of the "robin hoods" today transforms after a while in capitalist pigs, right? How do you regulate this?
Bitcoin is the biggest example of unregulated capitalist world: profits with no limits and, when this "dream" (I call it nightmare) is put on hold by other individuals (wich want only to survive, not to get rich), the ex-"robin hood" complains about it.

Let the chaos regulate us all!  

A dev with an imagination, now there would be something innovative and original. Half of these coins seem to be named after the first thing that pops into their head.


It wont be when they get sued lol.

Guess a name is all a coin needs really.

I still think iCoin can be huge just based on it's name, it will be interesting to see where iCoin goes, it really just has the best name for a virtual currency.

I mean even Digibyte I thought had a good name but after thinking about it, it sounds more like a tech company.

coin creation phase hasn't ended; this is only the beginning. 

you may have reached the limits of your tolerance, or imagination, though. 

I haven't seen any coins that have been truly innovative, but maybe we'll see some in the future.

You really can't say there will be no more innovation....

Some of use are trying to do something different....

There's a massive list here as well: http://www.wheretomine.com/ Why people even bother with most of these is beyond me.

The copy paste crap coins will flood the market until every word in the dictionary is used and then some.

Here is a list of Crap coins coming to spam you soon and this list is the only ones that have been paid for and there are still a lot more that have not been paid for.

http://coingen.bluematt.me/status.html
aphroditecoin
galtcoin
jesuscoin
blackcoin
dongcoin
galt
sailcoin
cryptocoin
thaicoin
filthylucre
maikocoin
snoochyboochy
origincoin
pxlcoin
sanddollar
khalsacoin
swisscoin
astrocoin
twistcoin
eflorin
midlifecrisiscoin
amerocoin
fraudcoin
indiacoin
myrtlecoin
andaracoin
beliebercoin
unusablecoin
choricoin
vegasicoin
taijicoin
mmjcoin
genecoin
hackernewscoin
platinumcoin
starvingartistcoin
studycoin
pikacoin
primcoin
euro
biebercoin
duckiecoin
nerdcoin
libertymecoin
qtech
applecoin
paintcoin
wethepeoplecoin
powercoin
pricecoin
asoncoin
superherocoin
silvioberluscoin
egulden
freeecoin
russcoin
gravycoin
hierocoin
waynecoin
gamecoin
marscoin
coincide
newstatesmancoin
orobit
yule
cubecoin
herncoin
softcoin
americancoin
thousand
krugmancoin
obamacoin
forevercoin
seticoin
zerocoin
dccoin
applecoin
sexcoin
boingcoin
shitcoin
vencoin
supercalifragilisticexpialidociouscoin
willcoin
aminacoin
eurocoin
galtcoin
tokecoin
voccoin
vdpcoin
ohmcoin
saicoin
saveakittycoin
fbcoin
yeezuscoin
digimark
ytwokoin
bitpug
dunkeycoin
nikolateslacoin
tomscottcoin
oslocoin
thesmgirlcoin
oilcrown
mcoin
silvercoin
kiffercoin
collegecoin
tweetcoin
blingblingcoin
saw
vegancoin
nightcoin
pricecoin
tmntcoin
swissbtc
gaycoin
adolfhitler
daycoin
godcoin
rajacoin
zcoin
katecoin
tokecoin
egalcoin
porcodiocoin
dishercoin
gulden
wake_up_sheeples_banker_owned_federal_reserve_notes_equals_more_debt
onecoin
swisscoin
linuscoin
siamcoin
lsvcoin
magiccoin
gingercoin
pdxcoin
pokercoin
keisercoin
choomcoin
chuckcoin
vegascoin
onecoin
fourchan
americoin
fuzzicoin
love
maryjane
testcointwo
suncoin
jezuscoin
clasharoos
legitcoin
dickassbucks
zhicoin
cloudcoin
lovecoin
cuntcoin
galacticstandardcredit
christoscoin
nexuscoin
graffiticoin
redditgold
durstcoin
risecoin
ewalletcoin
poundkoin
hockeycoin
patchcoin
energy
realcoin
babkoin
doubloon
piekcoin
bkoin
gagacoin
pizza
icoin
blucoin
blobbycoin
tracecoin
budcoin
ricecoin
credit
kiwicoin
bitwasp
coinz
rastacoin
freightcoin
satancoin
matecoin
beercoin
touricoin
templarcoin
latinumcredits
obama_bin_lottery_coin
mxcoin
citycoin
nagvalcoin
pcoin
jnxyzcoin
goodcoin
karmacoin
whatcoin
balajicoin
kryptomarkka
maxcoin
fehucoin
dodocoin
sovietcoin
quackcoin
titcoin
bendcoin
dolphincoin
phishcoin
thecoin
popularcoin
zombiecoin
pieces
chavezcoin
hashcoin
inven
autocoin
joecoin
universalcoin
hedocoin
yihecoin
ishacoin
marscoin
deezcoin

We're running in circles right now, locked on this utopic reality where only the profit matters. I think that's not Satoshi was thinking when created Bitcoin...

without a horsecoin?  or foxcoin?  or tuxcoin??

or carrotcoin, or oatcoin?

The only coins that will survive are those with development teams and communities behind them that drive merchant adoption. Without things to spend your coins on they're nothing more than trading tokens.

I thought I would end after litecoin, then after chinacoin, then after primecoin, then after dogecoin. Now I have accepted the fact that it cost little to nothing to create an altcoin. I dont think coin creation phase will ever end.

Yeah, this is a huge problem. They can make the same or a lot more money if think about inovative systems that could bring more investments, governments and, of course, people to the crypto-world.

There's at least double that amount of coins. And their devs dont care about one thing other than getting rich quick.

After almost 250 coins (or as i think, proposals) created, now it's time to think how the crypto-economic-world can hit the real world and mainly the average population and the government (yes, we need their aprovation, or surrender xD). Now the dev should think about creating brand new services or protocols that could bring more safety and ease of use for that people.
Now all the crypto-coins are only one thing, even if one increase a little bit than other, all can get high prices with that services.