Topic: Should clones be called alternate cryptocurrencies? (Read 514 times)
I have been trying to get the alt section cleared up and they wont do anything as this forum is for BTC that's why I made my altcoin forum
In my opinion anything other than the dominant cryptocurrency is an alt. Right now Bitcoin has an overwhelming market share. It shouldn't be Theymos' job to distinguish which alternatives are sufficiently innovative or mature.
As great as Namecoin is, it could eventually be replaced by colored coins or something else layered on top of (not next to) the Bitcoin blockchain. Litecoin was really well planned and is really well organized/maintained, but it's ultimately a Tenebrix "clone". We can't even categorize Ripple until they release the damn source.
As great as Namecoin is, it could eventually be replaced by colored coins or something else layered on top of (not next to) the Bitcoin blockchain. Litecoin was really well planned and is really well organized/maintained, but it's ultimately a Tenebrix "clone". We can't even categorize Ripple until they release the damn source.
I believe an alt is anything that has not proved it individuality from the rest of the established currencies. For this reason BTC, LTC and NMC I believe are currencies in their own right and not alts. I think a good definition would be alt = immature currency with no real difference from current ones.
How is NMC or PPC or TRC, etc "Immature"?. They are what the category states they are. Alternate Cryptocurrencies.
Definition of those 2 words:
Alternate:
Quote
n. (-nt)
1. A person acting in the place of another; a substitute.
2. An alternative.
-- Online Dictionary
1. A person acting in the place of another; a substitute.
2. An alternative.
-- Online Dictionary
Cryptocurrency:
Quote
A cryptocurrency is a type of digital currency (which in turn is a type of alternative currency) that relies on cryptography, usually alongside a proof-of-work scheme, in order to create and manage the currency --Wikipedia
In the definition of Cryptocurrency, wikipedia even goes on to say that
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Cryptocurrencies are peer-to-peer and decentralized, and are based on the first cryptocurrency, Bitcoin.
Ripple is not "decentralized" as it is not controlled by the people (p2p) it is made and given out by the issuer (miner) which makes it the opposite of a p2p currency.
I believe an alt is anything that has not proved it individuality from the rest of the established currencies. For this reason BTC, LTC and NMC I believe are currencies in their own right and not alts. I think a good definition would be alt = immature currency with no real difference from current ones.
Well, don't get me wrong, but only original thing I have seen is Ripple XRP, all other "alternate" currencies are clones. Maybe we need "Clone cryptocurrencies" section on this forum, with subsections divided into origin cryptocurrencies, all that because this board is getting extremely cluttered...
All except bitcoin are clones that just did a small amount of modification, or a large amount of modification, so I don't see your point. 
There should be "clone" section of the forum.
Well, don't get me wrong, but only original thing I have seen is Ripple XRP, all other "alternate" currencies are clones. Maybe we need "Clone cryptocurrencies" section on this forum, with subsections divided into origin cryptocurrencies, all that because this board is getting extremely cluttered...
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