Topic: [Poll] Why are you in an altcoin involved ? (Read 993 times)
For me, i am a trader, and the reasin why i invested in altcoin because i gor more challenge to develop altcoin community and their value
Wow. It's a bit surprising that there is a large amount of people who are interested/involved in cryptography currencies just for the profit, without any emotional attachments.
really? i'm not at all surprised?
Wow. It's a bit surprising that there is a large amount of people who are interested/involved in cryptography currencies just for the profit, without any emotional attachments.
I have voted for the third one because I want to send money peer to peer and do not want any third party to involve in the transaction and want transact my money to any place on the earn without any hurdle and with a faster speed.
If you are interested in this poll, then please participate by either voting, making replies in this thread or both.
'I am a trader and not emotionally involved with any of the cryptocurrencies. I'm just in it for the profit.'
Is what I voted for, I do however sometimes get slightly emotional when my holdings plummet and bitcoins rocket.
In future fuck alts.
I'm in the altcoin market to ride the Bitcoin gravy train & profit from other people's hard work while I do nothing but lame pump and dump schemes while lying to everyone that some big new secret "tech" thing or super duper "whitepaper" that will change the world and it's coming soonish (two weeks) and then bitch and complain the entire time cause it's taking like forever to get rich.
Since nobody is being honest thought I'd help out.
I 'm in Altcoin market primarily for profit and other features in these coins will now determining which of the tokens to hold and trade
I am certainly drawn into the crypto scene by the anonymity aspect, but that's not everything. It's a pure gambling market where you're betting on prices that don't really represent anything except moving prices...! The altcoin scene, and bitcoin as well, are like betting on a roulette table or something.
The ability to store wealth in something that requires absolutely no space whatsoever is appealing as well.
The ability to store wealth in something that requires absolutely no space whatsoever is appealing as well.
I am into alts for fun minus LTC and monero which I think has value...
love alts so much I made BST (bullshitcoin), which like BTC / LTC - SHT / BST. SHT is the mother of all altcoins, BST is like the forgotten stepchild
SHT is my favourite altcoin, I still think it is the shit.
Most altcoins are poo
love alts so much I made BST (bullshitcoin), which like BTC / LTC - SHT / BST. SHT is the mother of all altcoins, BST is like the forgotten stepchild
SHT is my favourite altcoin, I still think it is the shit.Most altcoins are poo
SHT is the mother of all altcoins?
Why thank you!
So drop the "bullshit" and get on the SHT train, brother.
I am into alts for fun minus LTC and monero which I think has value...
love alts so much I made BST (bullshitcoin), which like BTC / LTC - SHT / BST. SHT is the mother of all altcoins, BST is like the forgotten stepchild SHT is my favourite altcoin, I still think it is the shit.
Most altcoins are poo
love alts so much I made BST (bullshitcoin), which like BTC / LTC - SHT / BST. SHT is the mother of all altcoins, BST is like the forgotten stepchild
SHT is my favourite altcoin, I still think it is the shit.Most altcoins are poo
I believe in completing Satoshi's vision by advancing the bitcoin protocol, improving network security, and never crippling the main chain. Since this is not possible with bitcoin, I have come to make this happen in the altcoin world. Our network currently has over 10X the transaction capacity of bitcoin and is better managed.
Sadly [for you] Satoshi beat you to it.
If you are interested in this poll, then please participate by either voting, making replies in this thread or both.
I believe in completing Satoshi's vision by advancing the bitcoin protocol, improving network security, and never crippling the main chain. Since this is not possible with bitcoin, I have come to make this happen in the altcoin world. Our network currently has over 10X the transaction capacity of bitcoin and is better managed.
Other: The fixed blocksize limit in Bitcoin.
I have been involved with Bitcoin since 2011. Yes I have read Satoshi's paper https://bitcoin.org/bitcoin.pdf and believe in the vision for Bitcoin as presented in the introduction:
I have quoted this before. The critical part is in bold. The reality is that Bitcoin cannot meet the stated vision and objective with a fixed protocol limit of approximately three transactions per second on the blockchain. I came upon Monero in 2014 on this thread https://bitcointalksearch.org/topic/rpietila-altcoin-observer-624223 while researching the blocksize issue in Bitcoin. At that point my total involvement with alt-coins was Namecoin which I had obtained as a by product of mining Bitcoin, and subsequently successfully traded for Bitcoin during the Bitcoin bull market of 2013. I had enough respect for Risto as a member of this community for me to at least do some due diligence on Monero even though there was no mention of the blocksize issue as a reason to buy Monero in the post. After discovering that Monero has at least the a reasonable chance of a viable solution to the blocksize issue in Bitcoin the rest became history. Many if not most of the supporters and detractors of Monero consider Monero primarially a fungibility, anonymity, privacy coin. My take is that Monero first addresses a much more fundamental issue; namely the ability to be able to transact in the first place. After all there is little point is having concerns over fungibility, anonymity and privacy of one's transactions if one is not even able to transact to begin with.
Edit 1: By far the majority of POW coins have the same fixed blocksize issue as Bitcoin with in some cases the ball being kicked down the road. Notable examples are: Litecoin, and "Monero competitors" such as Dash and ZCash.
Edit 2: I have come to the conclusion that for a Monero style adaptive blocksize to work a trail or permanent emission is an absolute must. Given that this involves for most POW coins a radical change in the social covenant I do not see a simple solution for most POW coins including Bitcon here. One notable exception is Dogecoin since it already has a tail emission.
I have been involved with Bitcoin since 2011. Yes I have read Satoshi's paper https://bitcoin.org/bitcoin.pdf and believe in the vision for Bitcoin as presented in the introduction:
Quote
1. Introduction
Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model. Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for non-reversible services. With the possibility of reversal, the need for trust spreads. Merchants must be wary of their customers, hassling them for more information than they would otherwise need.
A certain percentage of fraud is accepted as unavoidable. These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party. What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party. Transactions that are computationally impractical to reverse would protect sellers from fraud, and routine escrow mechanisms could easily be implemented to protect buyers. In this paper, we propose a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions. The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes.
Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model. Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for non-reversible services. With the possibility of reversal, the need for trust spreads. Merchants must be wary of their customers, hassling them for more information than they would otherwise need.
A certain percentage of fraud is accepted as unavoidable. These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party. What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party. Transactions that are computationally impractical to reverse would protect sellers from fraud, and routine escrow mechanisms could easily be implemented to protect buyers. In this paper, we propose a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions. The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes.
I have quoted this before. The critical part is in bold. The reality is that Bitcoin cannot meet the stated vision and objective with a fixed protocol limit of approximately three transactions per second on the blockchain. I came upon Monero in 2014 on this thread https://bitcointalksearch.org/topic/rpietila-altcoin-observer-624223 while researching the blocksize issue in Bitcoin. At that point my total involvement with alt-coins was Namecoin which I had obtained as a by product of mining Bitcoin, and subsequently successfully traded for Bitcoin during the Bitcoin bull market of 2013. I had enough respect for Risto as a member of this community for me to at least do some due diligence on Monero even though there was no mention of the blocksize issue as a reason to buy Monero in the post. After discovering that Monero has at least the a reasonable chance of a viable solution to the blocksize issue in Bitcoin the rest became history. Many if not most of the supporters and detractors of Monero consider Monero primarially a fungibility, anonymity, privacy coin. My take is that Monero first addresses a much more fundamental issue; namely the ability to be able to transact in the first place. After all there is little point is having concerns over fungibility, anonymity and privacy of one's transactions if one is not even able to transact to begin with.
Edit 1: By far the majority of POW coins have the same fixed blocksize issue as Bitcoin with in some cases the ball being kicked down the road. Notable examples are: Litecoin, and "Monero competitors" such as Dash and ZCash.
Edit 2: I have come to the conclusion that for a Monero style adaptive blocksize to work a trail or permanent emission is an absolute must. Given that this involves for most POW coins a radical change in the social covenant I do not see a simple solution for most POW coins including Bitcon here. One notable exception is Dogecoin since it already has a tail emission.
I chose the first option in the poll because I don't love altcoins/cryptocurrencies for what they are, they are just a means to an end for me, which is profit, of course. I know there are a lot of altcoins lovers here on this forum (like ETH lovers, for example), and there is absolutely nothing wrong with that, but i'm bitcoin all the way up.
Like them all, All about money... There is no other reason. I was involving in alt because I want to buy a single lambo for myself. Buy with a cent and sell them for a dollar per each. 
Other:
... only 4 mining shitcoins 2 get BTC.
Any "community driven efforts" were killed the last years
by "exchange-runnaways".
Sorry, that´s it.
PanneKopp
... only 4 mining shitcoins 2 get BTC.
Any "community driven efforts" were killed the last years
by "exchange-runnaways".
Sorry, that´s it.
PanneKopp
Privacy (anonymity, in your list).
The current fashion is "smart" stuff, like Ethereum, or whatever. However, if such a thing is needed, it will be built, it's only a matter of time. Same for most other things you might think of. Scaling, non monetary features, whatever. This will get done.
However, privacy is the single most important thing you can get behind now, because it will not be done if we don't do it ourselves, now. The future features above will get built either on a private platform, or on a non private platform, and the path of least resistance is definitely in the direction of the non private one. See how "the internet got it wrong" with privacy, and we're left to pick up the pieces ? Privacy is the one thing we have to get in right at the beginning, before it's too late and we end up having the nice stuff that's sure to come on top of a panopticon blockchain.
The market will push for all the shiny features, they'll come, that's a given. What we need to push for now is the stuff that is vital for freedom, but will not be pushed by the market, before it's too late. Do it, an do it RIGHT. Now. So that when the time comes and mainstream acceptance happens, it's too late for governments and corporates to screw us *again*, and we'll start off a platform which will respect our privacy - unless we select otherwise on a case by case basis. Let us have the choice.
The current fashion is "smart" stuff, like Ethereum, or whatever. However, if such a thing is needed, it will be built, it's only a matter of time. Same for most other things you might think of. Scaling, non monetary features, whatever. This will get done.
However, privacy is the single most important thing you can get behind now, because it will not be done if we don't do it ourselves, now. The future features above will get built either on a private platform, or on a non private platform, and the path of least resistance is definitely in the direction of the non private one. See how "the internet got it wrong" with privacy, and we're left to pick up the pieces ? Privacy is the one thing we have to get in right at the beginning, before it's too late and we end up having the nice stuff that's sure to come on top of a panopticon blockchain.
The market will push for all the shiny features, they'll come, that's a given. What we need to push for now is the stuff that is vital for freedom, but will not be pushed by the market, before it's too late. Do it, an do it RIGHT. Now. So that when the time comes and mainstream acceptance happens, it's too late for governments and corporates to screw us *again*, and we'll start off a platform which will respect our privacy - unless we select otherwise on a case by case basis. Let us have the choice.
you missed a poll option about minig and not only trading, i'm here because i mine altcoin for profit, because they offer a better alternative than the expesive asic that mine bitcoin, but i'm holding bitcoin because i see a great potential, therefore i'm not here for getting easy fiat money
If you are interested in this poll, then please participate by either voting, making replies in this thread or both.
Wow, I ask you a question and you vanish for weeks and come back and start a poll regarding that very same question I put to you.
This is novel.
I choose a for the profit because you don't put option for profit and anonimity and this is my primary interest to gain more profit in trading,but of course I also love anonymity and decentralized because this is th emain purpose of crypto currency.
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