STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY - page 2.

Yurizhai

hero member

Activity: 764

Merit: 500

Quote from: anderl on May 03, 2013, 07:52:52 PM

Quote from: Yurizhai on May 03, 2013, 07:49:21 PM

Can we really argue candy bars and ice cream are the same as a brand new industry such as cryptocurrency?

New alts won't destroy all coins but I could definitely see a massive market crash that makes them all worthless for a year or two before they are reborn.

it would be due to the bitcoiners going galt. they all quit from mass frustration. but even if it crashed and people stopped mining, all it would take is a couple weeks for difficult to collapse before people started mining again. that is the beauty of it. any crash is short term.

What I'm saying is I think it will be harder for any of them to go mainstream when there's so god damn many and the average person can't understand them. Too saturated.

elvisrene

sr. member

Activity: 252

Merit: 250

mmmmmmmmmmmmm candy

Craftyman

member

Activity: 75

Merit: 10

Quote from: anderl on May 03, 2013, 07:52:52 PM

Quote from: Yurizhai on May 03, 2013, 07:49:21 PM

Can we really argue candy bars and ice cream are the same as a brand new industry such as cryptocurrency?

New alts won't destroy all coins but I could definitely see a massive market crash that makes them all worthless for a year or two before they are reborn.

it would be due to the bitcoiners going galt. they all quit from mass frustration. but even if it crashed and people stopped mining, all it would take is a couple weeks for difficult to collapse before people started mining again. that is the beauty of it. any crash is short term.

yeah just like the IBM compatible computer. people cloned the shit out of IBM's PC. IBM totally went bankrupt. Wish they were still around to see the PC glory days.

oh and Apple. Look what happened to them. Freakin Android stole their design and just made a crappy copy of the iPhone. Apple must be worthless now.

anderl

hero member

Activity: 714

Merit: 500

Quote from: Yurizhai on May 03, 2013, 07:49:21 PM

Can we really argue candy bars and ice cream are the same as a brand new industry such as cryptocurrency?

New alts won't destroy all coins but I could definitely see a massive market crash that makes them all worthless for a year or two before they are reborn.

it would be due to the bitcoiners going galt. they all quit from mass frustration. but even if it crashed and people stopped mining, all it would take is a couple weeks for difficult to collapse before people started mining again. that is the beauty of it. any crash is short term.

markm

legendary

Activity: 2940

Merit: 1090

Reborn... Like BBQcoin... Next up maybe Tenebrix? Or GeistGeld? Or CoiLedCoin? Or even Fairbrix?

-MarkM-

GSnak

full member

Activity: 182

Merit: 100

Quote from: elvisrene on May 03, 2013, 07:17:50 PM

It is really bad for the economy of crypto currency to have so many coins all this coins popping out of noware and off course per mined and abused more then a philipino hooker this is just my opinion but if you have other please let me know ..

This is the sort of lucid commentary that draws people to this forum.

Yurizhai

hero member

Activity: 764

Merit: 500

Can we really argue candy bars and ice cream are the same as a brand new industry such as cryptocurrency?

New alts won't destroy all coins but I could definitely see a massive market crash that makes them all worthless for a year or two before they are reborn.

markm

legendary

Activity: 2940

Merit: 1090

Quote from: ?? on ??

Quote from: markm on May 03, 2013, 07:26:38 PM

Its why we never see candy bars anymore.

Too many different flavours of candy-bar totally destroyed the market.

-MarkM-

Actually, people decided that they wanted better candy and started buying it from candy shops. So, yes there are fewer candy bars in the local mini-mart but there are more candy stores making their own candy.

Bad analogy... I work in the candy industry.

In case you hadn't noticed, we are in a candy shop right now! Tongue

Scam scam scam scam
Scam scam scam scam
Wonderful scam, lovely scam!

I'll have scam scam scam bits devs and scam without the scam, please!

Can I have scam scam scam scam rat scam and scam with a little less rat in it, please?

Etc.

-MarkM-

anderl

hero member

Activity: 714

Merit: 500

Quote from: ?? on ??

Quote from: donjonson on May 03, 2013, 07:37:27 PM

Yes and let the party go on! Let it go and it will eventually stop but we can't stop it artificially.

For me, the final test for a coin is... can I buy something with it? I do with bitcoin lots of things, very few things with LTC and that's it.

The other thing at least for now is mere speculation.

If a coin is used to trade for other coins then there is a market. Bitcoin just falls into the class of coins which is used as a replacement for everyday currency... it's the Bitcoin niche. Alt coins could be used as trading coins, similar to antique coins I can purchase right now which have no real buying power, but I can sell them and trade them for fiat currency.

+1

donjonson

full member

Activity: 210

Merit: 100

Yes and let the party go on! Let it go and it will eventually stop but we can't stop it artificially.

For me, the final test for a coin is... can I buy something with it? I do with bitcoin lots of things, very few things with LTC and that's it.

The other thing at least for now is mere speculation.

Guru01

newbie

Activity: 31

Merit: 0

If there is innovation more altcoin is nice. Straight copy's will die.

Nolo

hero member

Activity: 686

Merit: 500

Whoa, there are a lot of cats in this wall.

anderl

hero member

Activity: 714

Merit: 500

Quote from: Si Robertson on May 03, 2013, 07:30:38 PM

Im selling soon, this is getting stupid

shells selling their fake coins

sure sell you will just be hurting every other bitcoiner who has the same sensibilities you have. Why are you so angry?

Si Robertson

newbie

Activity: 28

Merit: 0

Im selling soon, this is getting stupid

shells selling their fake coins

Shad3dOne

sr. member

Activity: 261

Merit: 250

Interesting.....

yeah,

and whats with all those damn flavors of ice cream??

you will eat vanilla and like it.

dont need no damn rockyroad or mint/chocolate chip or strawbery!!

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

Idea: We could create a sub-forum for new cryptocurrencies. So the "main" Altcoin Forum would be for the "established" ones (e.g. > 6 months of age) and the newer ones must go in the "New Cryptocurrencies" forum.

That would reduce the "spamming" of the forum.

Kind of "Newbie Forum" for new currencies.

zdarkazn

newbie

Activity: 42

Merit: 0

Quote from: markm on May 03, 2013, 07:26:38 PM

Its why we never see candy bars anymore.

Too many different flavours of candy-bar totally destroyed the market.

-MarkM-

LOL

markm

legendary

Activity: 2940

Merit: 1090

Its why we never see candy bars anymore.

Too many different flavours of candy-bar totally destroyed the market.

-MarkM-

Arbitrageur

hero member

Activity: 556

Merit: 500

it's a natural market process... eventually those new crypto will be rejected and die soon after the launch... but as long as they are accepted and bought means there is room for them.

elvisrene

sr. member

Activity: 252

Merit: 250

It is really bad for the economy of crypto currency to have so many coins all this coins popping out of noware and off course per mined and abused more then a philipino hooker this is just my opinion but if you have other please let me know ..

Topic: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY - page 2. (Read 3044 times)