So which alt coins seem legitimate/solid? - page 2.

A L I E N

legendary

Activity: 1358

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Quote from: Hazard on December 11, 2013, 05:15:28 PM

Quote from: A L I E N on December 11, 2013, 05:06:21 PM

Quote from: t3a on December 10, 2013, 07:50:20 PM

Solid dev isn't a feature.

..Anything actually changing the currency? Or is it something that can be applied to any currency.

..Good feature, but creating a new currency isn't required for this...

LOL, sure some of these things could be implemented in BTC or LTC, but the haven't because their devs have not created it, whether by being complacent or unable to. That's why a solid dev is a KEY feature. They come up with the ideas and implement them into their coins. BTC or LTC could then steal the idea but do you think they will be able to implement and maintain a feature as well as these guys that create it, I think not.

Hilarious. Did you just call the bitcoin development team incompetent?

Your head is so far up kimoto's ass, how have you not died of suffocation yet?

LOL, don't put words in my mouth Stableboy. Go back to you premined/centralized mixer scam.

t3a

full member

Activity: 179

Merit: 100

Quote from: cryptrol on December 11, 2013, 05:39:57 PM

If you are looking for a "different" coin take a look at Datacoin. It's a primecoin fork with just one modification, it adds a 128k data field to every transaction so you can store (small amounts of ) data into the blockchain, so far it's an interesting experiment since the coin itself have's a purpose, you pay fee's to store data into the blockchain. The possibilities/usages of this coin are endless and the killer app could be around the corner. Moreover it's one of the few coins that can peacefully coexist with BTC.
The coin is very new, but as I said, a very interesting experiment.

So after 8 million transactions it takes up a terrabyte? There must be something I'm missing because a DDoS attack or just a harddrive filling attack seems very feasible.

cryptrol

hero member

Activity: 637

Merit: 500

If you are looking for a "different" coin take a look at Datacoin. It's a primecoin fork with just one modification, it adds a 128k data field to every transaction so you can store (small amounts of ) data into the blockchain, so far it's an interesting experiment since the coin itself have's a purpose, you pay fee's to store data into the blockchain. The possibilities/usages of this coin are endless and the killer app could be around the corner. Moreover it's one of the few coins that can peacefully coexist with BTC.
The coin is very new, but as I said, a very interesting experiment.

raybtc

newbie

Activity: 24

Merit: 0

Freicoin (FRC) is a viable option to BTC. I mined it for 2 months with 6.6GH from 20 usb miners. I ended up with .6 BTC in 2 months from trading it on cryptsy. IF I would have mined BTC I never would have come close to half that. FRC is a very good alternative coin to BTC.

Hazard

legendary

Activity: 980

Merit: 1000

Quote from: A L I E N on December 11, 2013, 05:06:21 PM

Quote from: t3a on December 10, 2013, 07:50:20 PM

Solid dev isn't a feature.

..Anything actually changing the currency? Or is it something that can be applied to any currency.

..Good feature, but creating a new currency isn't required for this...

LOL, sure some of these things could be implemented in BTC or LTC, but the haven't because their devs have not created it, whether by being complacent or unable to. That's why a solid dev is a KEY feature. They come up with the ideas and implement them into their coins. BTC or LTC could then steal the idea but do you think they will be able to implement and maintain a feature as well as these guys that create it, I think not.

Hilarious. Did you just call the bitcoin development team incompetent?

Your head is so far up kimoto's ass, how have you not died of suffocation yet?

kanus1113

sr. member

Activity: 452

Merit: 250

Quote from: eon89 on December 10, 2013, 02:43:59 AM

Quote from: Tenchi on December 10, 2013, 02:40:48 AM

Dogecoin for sure

+1

A L I E N

legendary

Activity: 1358

Merit: 1000

Quote from: t3a on December 10, 2013, 07:50:20 PM

Solid dev isn't a feature.

..Anything actually changing the currency? Or is it something that can be applied to any currency.

..Good feature, but creating a new currency isn't required for this...

LOL, sure some of these things could be implemented in BTC or LTC, but the haven't because their devs have not created it, whether by being complacent or unable to. That's why a solid dev is a KEY feature. They come up with the ideas and implement them into their coins. BTC or LTC could then steal the idea but do you think they will be able to implement and maintain a feature as well as these guys that create it, I think not.

t3a

full member

Activity: 179

Merit: 100

Quote from: raspcoin on December 10, 2013, 10:43:50 PM

Quote from: aysyr on December 10, 2013, 12:59:38 PM

Quote from: t3a on December 10, 2013, 02:59:17 AM

Quark - Clone of Bitcoin with 6 different hashing algorithms. Leads fools into believing it is ASIC proof, but really it is just temporarily a botnet-miners friend.

Quote from: A L I E N on December 10, 2013, 02:15:48 AM

ANC, MEC, BTB, GRC are some good ones.

ANC - Bitcoin already can connect through Tor. Coin Control is a good idea, but it isn't a protocol modification and doesn't require a new currency.
MEC - Probably made by an art student. All that it looks like was changed was the block rewards (doubled) and a flashy website was made for it.
BTB - PPC except "super rare" (in other words the creator has no idea how economics works)
GRC - LTC except centralized. You're better off donating your processing power to BOINC and mining LTC at the same time than supporting this centralized scamcoin.

Really? It's centralized? The only thing "centralized" about it is that it has to get its research projects from a third-party source. Unless you can find someone who makes a coin that generates its own scientific research algorithms, good luck at finding a distributed computing research coin that isn't "centralized". No one is controlling the coin, all BOINC does is measure the reward you receive based on your contribution to BOINC.

Correct me if I am wrong, but is not Primecoin decentralized? Another cryptocoin to watch in this space is Curecoin, but I do not know much about it.

Primecoin is decentralized because you can do a proof of work without another entity vouching for you. There may be scientific applications for large primes, but I've never heard of any.

waldocarter

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The Premier Digital Asset Management Ecosystem

Quote from: this1dude on December 10, 2013, 07:51:15 PM

Most promising with a strong community behind it and active DEV is StableCoin IMO

"IMO" as in your paid-for sock puppet opinion?
We already know you get paid to pump coins, we had enough evidence with your BSS story.

hypostatization

sr. member

Activity: 350

Merit: 250

Quote from: this1dude on December 10, 2013, 07:51:15 PM

Most promising with a strong community behind it and active DEV is StableCoin IMO

Agreed. It is incredible to see how far the coin has come in such a short span of time. International emphasis---beyond China---is a foundational element of its community vision. I have lost track of all the ongoing and completed translation work. Since November 27th the coin has risen roughly 100x in value (from .00035 to .0000035). Its market capitalization leaves major room for growth. At $1 USD per SBC, based on current supply, this coin would not yet even be among the top 10 market caps. I can easily see this becoming a $3 - 5 coin. Its dev certainly seems to be on track for making making that happen.

I would also not be surprised to see WorldCoin pass Namecoin before January. It almost seems certain. Having the dedicated USD to WDC exchange will be a major lift; the beta launches this month. I expect most of my USD deposit will pass through WDC before hitting alt markets; I hate waiting for slow BTC confirmations; soon, there shall no longer be need.

raspcoin

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Quote from: aysyr on December 10, 2013, 12:59:38 PM

Quote from: t3a on December 10, 2013, 02:59:17 AM

Quark - Clone of Bitcoin with 6 different hashing algorithms. Leads fools into believing it is ASIC proof, but really it is just temporarily a botnet-miners friend.

Quote from: A L I E N on December 10, 2013, 02:15:48 AM

ANC, MEC, BTB, GRC are some good ones.

ANC - Bitcoin already can connect through Tor. Coin Control is a good idea, but it isn't a protocol modification and doesn't require a new currency.
MEC - Probably made by an art student. All that it looks like was changed was the block rewards (doubled) and a flashy website was made for it.
BTB - PPC except "super rare" (in other words the creator has no idea how economics works)
GRC - LTC except centralized. You're better off donating your processing power to BOINC and mining LTC at the same time than supporting this centralized scamcoin.

Really? It's centralized? The only thing "centralized" about it is that it has to get its research projects from a third-party source. Unless you can find someone who makes a coin that generates its own scientific research algorithms, good luck at finding a distributed computing research coin that isn't "centralized". No one is controlling the coin, all BOINC does is measure the reward you receive based on your contribution to BOINC.

Correct me if I am wrong, but is not Primecoin decentralized? Another cryptocoin to watch in this space is Curecoin, but I do not know much about it.

t3a

full member

Activity: 179

Merit: 100

Quote from: Reece523 on December 10, 2013, 09:01:17 PM

I would imagine there will be people out there who will be prepared to pay 0.0000000000001 BTC/LTC/altcoin for some new cryptocurrency well into the foreseeable future.

Partially true except for one thing: Bitcoin can only be divided into 0.000000001 units (a satoshi).

Quote from: Reece523 on December 10, 2013, 09:01:17 PM

Whether we like it or not, the ROI on some of these altcoins puts bitcoin to shame. You'd have to hold bitcoin for months to make the kind of ROI many of these altcoins have made since mid-November. It's a lot easier for a coin worth one hundredth of a cent to increase tenfold then for bitcoin to go from a 12B to a 120B market cap.

Many are pump and dumps.

Quote from: Reece523 on December 10, 2013, 09:01:17 PM

If one is going to invest in altcoins, why not spread the risk around? Sure, you won't end up with the same kind of ROI you could have ended up with had you gone all-in in the right altcoin but the chances of timing that one perfectly are pretty slim.

Look in the sticky at all of the failed altcoins. Investing carelessly in dozens of altcoins will leave you with a majority (the pump and dumps) that fail, and a few that are still being pumped, and one or two that have actual improvements over Bitcoin and survive.

Reece523

member

Activity: 84

Merit: 10

OP: What is your definition of survive?

So long as Cryptsy is prepared to increase the number of decimal digits should the need arise, I would imagine there will be people out there who will be prepared to pay 0.0000000000001 BTC/LTC/altcoin for some new cryptocurrency well into the foreseeable future.

Whether we like it or not, the ROI on some of these altcoins puts bitcoin to shame. You'd have to hold bitcoin for months to make the kind of ROI many of these altcoins have made since mid-November. It's a lot easier for a coin worth one hundredth of a cent to increase tenfold then for bitcoin to go from a 12B to a 120B market cap.

If one is going to invest in altcoins, why not spread the risk around? Sure, you won't end up with the same kind of ROI you could have ended up with had you gone all-in in the right altcoin but the chances of timing that one perfectly are pretty slim. I think a healthy bitcoin balance is a great part of a balanced cryptocurrency investing strategy. Bitcoins are much less volatile plus having them handy allows one to capitalize on favourable situations that arise (e.g. some pool miner wholesaling his altcoins which can be immediately resold for a profit).

t3a

full member

Activity: 179

Merit: 100

Quote from: d5000 on December 10, 2013, 08:43:48 PM

Quote from: t3a on December 10, 2013, 02:59:17 AM

Nxt - Do you like 100% premine? Is one person owning the entirety of a currency something that appeals to you? Also did they fix PoS or is it forced to be centralized along with being 100% premine? Nxt is the USD of cryptocurrencies.

Nxt is not "mined" so it cannot be "premined". It's a different concept of crypto currency, and the launch was pretty transparent. Time will tell if it succeeds or not, but it doesn't look like a scam. I have some "play Nxt" but am not really invested in it. What I don't like about Nxt that they haven't released the source code until now, we'll see if they do that on January 3.

It is 100% premined. That's why it isn't mined, because there aren't any more to be mined, only transaction fees to earn.

d5000

legendary

Activity: 3906

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Decentralization Maximalist

Quote from: t3a on December 10, 2013, 02:59:17 AM

Nxt - Do you like 100% premine? Is one person owning the entirety of a currency something that appeals to you? Also did they fix PoS or is it forced to be centralized along with being 100% premine? Nxt is the USD of cryptocurrencies.

Nxt is not "mined" so it cannot be "premined". It's a different concept of crypto currency, and the launch was pretty transparent. Time will tell if it succeeds or not, but it doesn't look like a scam. I have some "play Nxt" but am not really invested in it. What I don't like about Nxt that they haven't released the source code until now, we'll see if they do that on January 3.

this1dude

member

Activity: 70

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Most promising with a strong community behind it and active DEV is StableCoin IMO

t3a

full member

Activity: 179

Merit: 100

Quote from: rumlazy on December 10, 2013, 07:03:40 PM

Quote from: t3a on December 10, 2013, 02:59:17 AM

ANC - Bitcoin already can connect through Tor. Coin Control is a good idea, but it isn't a protocol modification and doesn't require a new currency.
MEC - Probably made by an art student. All that it looks like was changed was the block rewards (doubled) and a flashy website was made for it.
BTB - PPC except "super rare" (in other words the creator has no idea how economics works)
GRC - LTC except centralized. You're better off donating your processing power to BOINC and mining LTC at the same time than supporting this centralized scamcoin.

TL;DR: Buy coins that have actual features and aren't premined or centralized (BTC, NMC).

MEC- Solid dev. One of the only scrypt coins not based on litecoin. Kimoto converted one of the newest beta versions of bitcoin himself. Also sports a very innovative difficulty algorithm and coinjoin is going to be added. (coinjoin > zerocoin) Sick looking wallet too. Amazing community support. Lots of thing going on behind the scenes if you care to do some research.
ANC - Solid devs, strong I2P support, working on adding coinjoin.
BTB - agree.
GRC- see my above posts. It also has pop3 email and a p2p pool built into the client.

Solid dev isn't a feature.

One of the only scrypt coins not based on Litecoin isn't a feature, scrypt is, but that is already in another coin.

"Also sports a very innovative difficulty algorithm" - Will look into this

"coinjoin is going to be added" coinjoin can be added to any cryptocurrency. It won't be unique to this currency.

"Lots of thing going on behind the scenes if you care to do some research. " - Anything actually changing the currency? Or is it something that can be applied to any currency.

"strong I2P support" - Good feature, but creating a new currency isn't required for this. It could just as easily be a Bitcoin client, but the devs didn't get in on Bitcoin early so they are making their own currency and hoping it is pumped.

"pop3 email and a p2p pool built into the client" - These don't require creating a new currency, you could just as easily make a new client, see my previous comment.

GreekBitcoin

legendary

Activity: 1428

Merit: 1001

getmonero.org

Dogecoin is the future! much rich many gain wow!

rumlazy

full member

Activity: 203

Merit: 100

Quote from: t3a on December 10, 2013, 02:59:17 AM

ANC - Bitcoin already can connect through Tor. Coin Control is a good idea, but it isn't a protocol modification and doesn't require a new currency.
MEC - Probably made by an art student. All that it looks like was changed was the block rewards (doubled) and a flashy website was made for it.
BTB - PPC except "super rare" (in other words the creator has no idea how economics works)
GRC - LTC except centralized. You're better off donating your processing power to BOINC and mining LTC at the same time than supporting this centralized scamcoin.

TL;DR: Buy coins that have actual features and aren't premined or centralized (BTC, NMC).

MEC- Solid dev. One of the only scrypt coins not based on litecoin. Kimoto converted one of the newest beta versions of bitcoin himself. Also sports a very innovative difficulty algorithm and coinjoin is going to be added. (coinjoin > zerocoin) Sick looking wallet too. Amazing community support. Lots of thing going on behind the scenes if you care to do some research.
ANC - Solid devs, strong I2P support, working on adding coinjoin.
BTB - agree.
GRC- see my above posts. It also has pop3 email and a p2p pool built into the client.

rumlazy

full member

Activity: 203

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Quote from: t3a on December 10, 2013, 06:48:08 PM

Bounty is 5 days old and for 5000 gridcoins, which isn't much. Coin generation is based on a local check of whether or not BOINC is working. All it takes is a modification of BOINC which isn't even worth 5000 GRC right now. If GRC actually gained value then miners would make a BOINC modification that always gave them the max reward.

This was true originally but not true anymore. Lot of development on the coin has happened you apparently aren't aware of.

Quote from: Gridcoin on December 05, 2013, 12:30:20 PM

Scratch that, I'll give you 5000 gridcoins if you can figure out a way to hack the boinchash and create a successful block accepted by the network. And just to give you a hint, the hash changes on every block, so you can't copy anything from previous hashes. And yes, what is in the hash is related to boinc, and sampled over 75,000 times per second, and is new information for every GPU block. Oh and one more thing, the block does contain more than the CPU usage now. It has 3 inputs from the GVM that are not primitive types.

Rob Halford

Topic: So which alt coins seem legitimate/solid? - page 2. (Read 5500 times)