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Topic: So which alt coins seem legitimate/solid? - page 3. (Read 5500 times)

t3a
full member
Activity: 179
Merit: 100
December 10, 2013, 06:48:08 PM
#36
Good point. What I really should have said is that it *needs to be centralized to actually work, and today it doesn't work. GRC checks your computer to see whether or not you are contributing to BOINC. This can and has been easily spoofed.

*I am not advocating centralization, simply pointing out that the only way GRC can keep miners from lying about contributing to BOINC is through centralization.

Wrong.  In fact the developer has an open bounty if you can hack it which no ones claimed yet.

https://bitcointalksearch.org/topic/challengehack-gridcoins-boinchash-to-cause-other-nodes-to-accept-without-boinc-358931

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.
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
December 10, 2013, 06:45:15 PM
#35
iXcoin...   been around for over 2.5 years... 2 peta hash rate...

can't get any more solid than this.

its merge mined. no wonder it has 2 peta hash rate. Its an addon coin that people get extra when mining bitcoin!

yes... but you can't argue that it isn't secure.

Its also pretty scarce,  how many iXcoins can a guy with a 100GHs miner get in a day?   He'll get 1 IXC a day!  That's damn scarce.

It's dirt cheap, under 20 cents.

It also has kept its price constant relative to BTC for over 2.5 years (check the graphs).


full member
Activity: 126
Merit: 100
Girls dont crypto?
December 10, 2013, 06:36:44 PM
#34
iXcoin...   been around for over 2.5 years... 2 peta hash rate...

can't get any more solid than this.

its merge mined. no wonder it has 2 peta hash rate. Its an addon coin that people get extra when mining bitcoin!
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
December 10, 2013, 06:28:36 PM
#33
iXcoin...   been around for over 2.5 years... 2 peta hash rate...

can't get any more solid than this.
legendary
Activity: 2198
Merit: 1014
Franko is Freedom
December 10, 2013, 06:21:11 PM
#32
Franko is the future! Our website says so.

All kidding aside.

Franko has the longest period for adoption and will take 5x as long to produce half the amount of coins as Bitcoin. Not saying its the best solution but if you value fairness, scarcity and speed then you will love FRK. We are here to stay.

Non nobis solum, sed omnibus!
full member
Activity: 203
Merit: 100
December 10, 2013, 06:12:52 PM
#31
Good point. What I really should have said is that it *needs to be centralized to actually work, and today it doesn't work. GRC checks your computer to see whether or not you are contributing to BOINC. This can and has been easily spoofed.

*I am not advocating centralization, simply pointing out that the only way GRC can keep miners from lying about contributing to BOINC is through centralization.

Wrong.  In fact the developer has an open bounty if you can hack it which no ones claimed yet.

https://bitcointalksearch.org/topic/challengehack-gridcoins-boinchash-to-cause-other-nodes-to-accept-without-boinc-358931
t3a
full member
Activity: 179
Merit: 100
December 10, 2013, 06:02:35 PM
#30
Your statement is not without profound irony:  the clone becomes cloned.  Hmm...
There is nothing ironic about me pointing out that the cryptocurrency is a copy.

This might help you http://www.merriam-webster.com/dictionary/irony

It's ironic because first you say CGB is a copy then you say what's to stop other coins from...copying...it.  Apparently you should spend more time reading the dictionary yourself.

Yeah, it's still not ironic. It's neither
"the use of words to express something other than and especially the opposite of the literal meaning" nor
"the use of words that mean the opposite of what you really think especially in order to be funny"

Back to the point:
CGB is a copy of another currency and copying that currency serves no purpose and is useless, but if your program on top is useful, then one would want to copy it so it could be used on a useful currency.

Copying the program from one currency to another solves the problem of compatibility.
Copying the code of a currency to make another currency solves no problems.


What, you weren't trying to be funny???  But you had me laughing the whole time...

You have me laughing still as you argue semantics of copying.  

I'm building an application protocol on top of the CGB block chain.  This is its uniqueness whether you like it or not.

And that it doesn't solve problems you deem relevant is irrelevant to me.

DogeCoin looks very good because they use scrypt, have a lot of coins, fair dev, nice community, no premine.

(SEE WHAT I DID THERE?)

Seriously tho if there are any alts that have a significant own functionality or improvement I would be interested. So far I have not been convinced. I like the idea of Namecoin (not as the next or altenative btc but just as what Namecoin is) - but if not really adapted it seems rather useless. Will follow some more alt. topics to see if someone can convince me.

Look at the sticky for all the altcoins. There is a brief description for each. Unfortunately, 95% of them are changing the block generation speed of another coin and premining.


LOL clearly any alts that weren't around when you got into cryptos are not legitimate.  We've seen your kind many times come through here, move along joker.

Why don't you show me why I'm wrong in ANY of coins I discussed? By the way, NMC wasn't around when I first got into Bitcoin, but I think it is legitimate.

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.

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.

Good point. What I really should have said is that it *needs to be centralized to actually work, and today it doesn't work. GRC checks your computer to see whether or not you are contributing to BOINC. This can and has been easily spoofed.

*I am not advocating centralization, simply pointing out that the only way GRC can keep miners from lying about contributing to BOINC is through centralization.
newbie
Activity: 13
Merit: 0
December 10, 2013, 01:15:10 PM
#29
Lol @ MEC being created by an art student.

MEC has some cool implementations like Kimoto's Gravity Well which creates adaptative network dificulty preventing big farmers from fucking up the network.

That, and more. Plus you are right, its very pretty. And I belive that will catch casuals attention.

So my vote goes to MEC in stability, development and future growth.
sr. member
Activity: 308
Merit: 250
December 10, 2013, 12:59:38 PM
#28
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.

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.
legendary
Activity: 1358
Merit: 1000
December 10, 2013, 12:53:12 PM
#27
CGB has a lot of potential, check it out  Smiley

Clone of Novacoin. Why would that be legitimate/solid?

Im checking out Quark and Nxt  Cool
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.
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.

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.

Dogecoin for sure
I feel like this coin is a satire of all the other worthless altcoins.




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


LOL clearly any alts that weren't around when you got into cryptos are not legitimate.  We've seen your kind many times come through here, move along joker.

legendary
Activity: 1876
Merit: 1295
DiceSites.com owner
December 10, 2013, 06:51:33 AM
#26
DogeCoin looks very good because they use scrypt, have a lot of coins, fair dev, nice community, no premine.




(SEE WHAT I DID THERE?)


Seriously tho if there are any alts that have a significant own functionality or improvement I would be interested. So far I have not been convinced. I like the idea of Namecoin (not as the next or altenative btc but just as what Namecoin is) - but if not really adapted it seems rather useless. Will follow some more alt. topics to see if someone can convince me.
sr. member
Activity: 406
Merit: 250
The cryptocoin watcher
December 10, 2013, 06:47:36 AM
#25
Whichever has users busier talking about development than replying to this thread.
legendary
Activity: 1106
Merit: 1000
December 10, 2013, 06:26:37 AM
#24
Worldcoin. I don't know why it's not more popular.

I like WorldCoin but it needs improving the network. StableCoin is designed to improve WorldCoin shortcomings
sr. member
Activity: 364
Merit: 250
December 10, 2013, 06:07:36 AM
#23
Your statement is not without profound irony:  the clone becomes cloned.  Hmm...
There is nothing ironic about me pointing out that the cryptocurrency is a copy.

This might help you http://www.merriam-webster.com/dictionary/irony

It's ironic because first you say CGB is a copy then you say what's to stop other coins from...copying...it.  Apparently you should spend more time reading the dictionary yourself.

Yeah, it's still not ironic. It's neither
"the use of words to express something other than and especially the opposite of the literal meaning" nor
"the use of words that mean the opposite of what you really think especially in order to be funny"

Back to the point:
CGB is a copy of another currency and copying that currency serves no purpose and is useless, but if your program on top is useful, then one would want to copy it so it could be used on a useful currency.

Copying the program from one currency to another solves the problem of compatibility.
Copying the code of a currency to make another currency solves no problems.


What, you weren't trying to be funny???  But you had me laughing the whole time...

You have me laughing still as you argue semantics of copying.  

I'm building an application protocol on top of the CGB block chain.  This is its uniqueness whether you like it or not.

And that it doesn't solve problems you deem relevant is irrelevant to me.
t3a
full member
Activity: 179
Merit: 100
December 10, 2013, 05:06:13 AM
#22
Your statement is not without profound irony:  the clone becomes cloned.  Hmm...
There is nothing ironic about me pointing out that the cryptocurrency is a copy.

This might help you http://www.merriam-webster.com/dictionary/irony

It's ironic because first you say CGB is a copy then you say what's to stop other coins from...copying...it.  Apparently you should spend more time reading the dictionary yourself.

Yeah, it's still not ironic. It's neither
"the use of words to express something other than and especially the opposite of the literal meaning" nor
"the use of words that mean the opposite of what you really think especially in order to be funny"

Back to the point:
CGB is a copy of another currency and copying that currency serves no purpose and is useless, but if your program on top is useful, then one would want to copy it so it could be used on a useful currency.

Copying the program from one currency to another solves the problem of compatibility.
Copying the code of a currency to make another currency solves no problems.
newbie
Activity: 6
Merit: 0
December 10, 2013, 04:49:20 AM
#21
Worldcoin. I don't know why it's not more popular.
sr. member
Activity: 364
Merit: 250
December 10, 2013, 04:47:14 AM
#20
Your statement is not without profound irony:  the clone becomes cloned.  Hmm...
There is nothing ironic about me pointing out that the cryptocurrency is a copy.

This might help you http://www.merriam-webster.com/dictionary/irony

It's ironic because first you say CGB is a copy then you say what's to stop other coins from...copying...it.  Apparently you should spend more time reading the dictionary yourself.
t3a
full member
Activity: 179
Merit: 100
December 10, 2013, 04:29:07 AM
#19
Your statement is not without profound irony:  the clone becomes cloned.  Hmm...
There is nothing ironic about me pointing out that the cryptocurrency is a copy.

This might help you http://www.merriam-webster.com/dictionary/irony
sr. member
Activity: 364
Merit: 250
December 10, 2013, 04:24:24 AM
#18
Or maybe that was a rhetorical question and you're just trying to pump your own toy coins with nothing to offer other than 'volume' for exchanges and 'auctions' and 'ad platforms'...?

Learn to read, I clearly endorsed Bitcoin at the bottom of the post. If you think pointing out flaws in these cryptocurrencies will raise the price of Bitcoin you are delusional.

As for your project: good for you, but assuming it is successful and open source, could you explain why it won't be forked to be compatible with Bitcoin right away?

There is nothing unique about the currency itself. It is simple a copy of another currency that users are trying to get in on early.


Sure, if it makes you feel more secure and safe to think of it in those terms, then so be it. 

But your statement is not without profound irony:  the clone becomes cloned.  Hmm...
full member
Activity: 146
Merit: 100
December 10, 2013, 04:22:02 AM
#17
Dogecoin
It's inherent memey nature ensures a large starting audience.
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