Terracoin, is it dead? | Bitcointalksearch.org

MaGNeT

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Quote from: solracx on June 19, 2013, 11:19:39 AM

Quote from: Vigil on June 19, 2013, 10:53:19 AM

Only curious because I have lost about half my BTC stash with TRC. Wondering whether to just take my losses or hold long term.

Take your loses and buy ZenithCoin. The only coin that has good long term prospects. ;-)

But ZenithCoin has a 50% premine, don't like that.

Mr.V

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all sha-256 aside from BTC are doomed to fail...sorry

lazydna

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Quote from: ?? on ??

Quote from: Vitalicus on June 19, 2013, 06:02:23 PM

If it is not deed NOW, it will die soon
Terracoin is just a BTC copy, and it's not inovative Sad

Difficulty halving on hard to mine blocks is innovation. Many other altcoins had to go for hard-forking but are still vulnerable to hashrate attack.

yeah but PPC does it much better.

Jowbob

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The Future of Terracoin

Vitalicus

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If it is not deed NOW, it will die soon
Terracoin is just a BTC copy, and it's not inovative Sad

or... I don't know.. it can surrvive Shocked

Vigil

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Quote from: mr_random on June 19, 2013, 04:48:37 PM

Quote from: Vigil on June 19, 2013, 04:14:55 PM

Quote from: mr_random on June 19, 2013, 03:36:59 PM

Quote from: Vigil on June 19, 2013, 03:17:25 PM

Quote from: mr_random on June 19, 2013, 01:43:20 PM

Not dead. If I've learnt anything about cryptos it's that it's actually surprisingly difficult for a coin to 'die' once it's gained some success. 51% attacks, forks, devs abandoning the project, no-one mining it... and still coins survive. Look at CNC, everyone knows it's crap and yet there she sits not really budging.

I would sell and buy back in when it bottoms out and hits the floor. You can't win all your trades.

You can't know when that is.

Then why create your topic if nothing can be predicted.

Just saying there is no way for me to know exactly when it will bottom out.

Of course. If someone could predict such things exactly they would be mega rich. Terracoin has been freefall for quite a while now and it hasn't stabilized, I know what I would do.

If you look at the charts, its all the alts.

mr_random

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Quote from: Vigil on June 19, 2013, 04:14:55 PM

Quote from: mr_random on June 19, 2013, 03:36:59 PM

Quote from: Vigil on June 19, 2013, 03:17:25 PM

Quote from: mr_random on June 19, 2013, 01:43:20 PM

Not dead. If I've learnt anything about cryptos it's that it's actually surprisingly difficult for a coin to 'die' once it's gained some success. 51% attacks, forks, devs abandoning the project, no-one mining it... and still coins survive. Look at CNC, everyone knows it's crap and yet there she sits not really budging.

I would sell and buy back in when it bottoms out and hits the floor. You can't win all your trades.

You can't know when that is.

Then why create your topic if nothing can be predicted.

Just saying there is no way for me to know exactly when it will bottom out.

Of course. If someone could predict such things exactly they would be mega rich. Terracoin has been freefall for quite a while now and it hasn't stabilized, I know what I would do.

milly6

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Quote from: solracx on June 19, 2013, 11:19:39 AM

Quote from: Vigil on June 19, 2013, 10:53:19 AM

Only curious because I have lost about half my BTC stash with TRC. Wondering whether to just take my losses or hold long term.

Take your loses and buy ZenithCoin. The only coin that has good long term prospects. ;-)

ha! Tell me another funny joke!

Vigil

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Quote from: CEG5952 on June 19, 2013, 04:19:20 PM

What's your opinion regarding some of the other altcoins? Do you not think that they all somewhat share the same fate? Do you expect PPC or NMC to rebound? Personally, I think we may eventually see a bounce, but I'm not sure that we'll ever go above the current price again. In other words, time to think about jumping ship! (Disclaimer: LTC and Ripple are the only alts that I have any faith in currently.)

NMC is a favorite of the pumpers. I think FTC has a shot to do something, it has its own dedicated market, and the developers are looking to implement zerocoin. There are many other things on the table. Other than that, not sure.

CEG5952

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Buy and sell bitcoins,

What's your opinion regarding some of the other altcoins? Do you not think that they all somewhat share the same fate? Do you expect PPC or NMC to rebound? Personally, I think we may eventually see a bounce, but I'm not sure that we'll ever go above the current price again. In other words, time to think about jumping ship! (Disclaimer: LTC and Ripple are the only alts that I have any faith in currently.)

Vigil

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Quote from: mr_random on June 19, 2013, 03:36:59 PM

Quote from: Vigil on June 19, 2013, 03:17:25 PM

Quote from: mr_random on June 19, 2013, 01:43:20 PM

Not dead. If I've learnt anything about cryptos it's that it's actually surprisingly difficult for a coin to 'die' once it's gained some success. 51% attacks, forks, devs abandoning the project, no-one mining it... and still coins survive. Look at CNC, everyone knows it's crap and yet there she sits not really budging.

I would sell and buy back in when it bottoms out and hits the floor. You can't win all your trades.

You can't know when that is.

Then why create your topic if nothing can be predicted.

Just saying there is no way for me to know exactly when it will bottom out. I created the thread to get some thoughts on whether TRC has potential to rebound or if there is any word on whether the developers have jumped ship.

mr_random

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Quote from: Vigil on June 19, 2013, 03:17:25 PM

Quote from: mr_random on June 19, 2013, 01:43:20 PM

Not dead. If I've learnt anything about cryptos it's that it's actually surprisingly difficult for a coin to 'die' once it's gained some success. 51% attacks, forks, devs abandoning the project, no-one mining it... and still coins survive. Look at CNC, everyone knows it's crap and yet there she sits not really budging.

I would sell and buy back in when it bottoms out and hits the floor. You can't win all your trades.

You can't know when that is.

Then why create your topic if nothing can be predicted.

Vigil

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Activity: 378

Merit: 250

Quote from: mr_random on June 19, 2013, 01:43:20 PM

Not dead. If I've learnt anything about cryptos it's that it's actually surprisingly difficult for a coin to 'die' once it's gained some success. 51% attacks, forks, devs abandoning the project, no-one mining it... and still coins survive. Look at CNC, everyone knows it's crap and yet there she sits not really budging.

I would sell and buy back in when it bottoms out and hits the floor. You can't win all your trades.

You can't know when that is.

bitcoinbear

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Quote from: Vigil on June 19, 2013, 08:53:07 AM

Terracoin seems to have fallen off of planet Earth, the price has collapsed and the Terracointalk forums are a ghost town. Has this coin been abandoned and is there any hope for it to make a rebound? I noticed there was some talk of developers taking it over but just wanted to know if anyone on here knew anything.

It is a crapcoin and nobody ever used it. There was just the creator and a bunch of his alts/sockpuppets promoting this, it has been abandoned and nobody cares but you.

mr_random

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Not dead. If I've learnt anything about cryptos it's that it's actually surprisingly difficult for a coin to 'die' once it's gained some success. 51% attacks, forks, devs abandoning the project, no-one mining it... and still coins survive. Look at CNC, everyone knows it's crap and yet there she sits not really budging.

I would sell and buy back in when it bottoms out and hits the floor. You can't win all your trades.

Vigil

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Activity: 378

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Quote from: Scooby903 on June 19, 2013, 01:20:07 PM

Quote from: Vigil on June 19, 2013, 10:53:19 AM

Only curious because I have lost about half my BTC stash with TRC. Wondering whether to just take my losses or hold long term.

I did too...I bought in after the last Fontas "pump" as usually I can net a decent return once they bounce back up, but TRC has just dropped steadily since then :/

right, new low every week. I know that as soon as I sell out there is going to be a rocket ride to .004-.005 again.

Scooby903

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Quote from: Vigil on June 19, 2013, 10:53:19 AM

Only curious because I have lost about half my BTC stash with TRC. Wondering whether to just take my losses or hold long term.

I did too...I bought in after the last Fontas "pump" as usually I can net a decent return once they bounce back up, but TRC has just dropped steadily since then :/

TheSwede75

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Quote from: crazy_rabbit on June 19, 2013, 11:55:47 AM

Pre-mining, as evil as it is, does at least give developers a financial incentive to stay active on the coin. Alt-coins run into this problem when the dev's no longer have enough financial stake in a coin they lose interest because why make someone else rich and not yourself?

That said, pre-mining is no guarantee either, as a not-so-committed dev might just dump everything all at once ala cash-grab and still not continue work on the coin.

Maybe there should be a coin where there is a premine, but by protocol the coins can't be accessed until some block point in the future- so as to keep the dev incentivised but not able to crash any emerging market by giving him all the coins at once. It's a good idea.

I would like to expand on this and say that pre-mining USED to be an avoidable and just part of the nature of coins. A year or two ago all coins were pre-mined with no bad intent simply because they weren't worth anything and developers were often forced to mine their own coins for days and weeks before anyone really paid attention.

NOW however premine or instamine is just an instant cash cow for copy-paste noobs that dumps the coins for BTC/LTC often within hours.

TheSwede75

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Quote from: crazy_rabbit on June 19, 2013, 11:21:38 AM

Quote from: medicine on June 19, 2013, 10:11:30 AM

Quote from: TheSwede75 on June 19, 2013, 09:56:03 AM

Quote from: Vigil on June 19, 2013, 08:53:07 AM

Terracoin seems to have fallen off of planet Earth, the price has collapsed and the Terracointalk forums are a ghost town. Has this coin been abandoned and is there any hope for it to make a rebound? I noticed there was some talk of developers taking it over but just wanted to know if anyone on here knew anything.

So, something that applies to almost every single altcoin..

This is correct. There is only room for so many alt coins while cryptocurrencies enjoy a certain level of popularity. Most alt coins are just an attempt at a cash grab anyways. As the popularity of cryptocurrencies drop after the April craze near worthless alt coin values will also drop along with it.

Just my opinion. Only increased demand in any one alt coin can bring the price back up.

No, Terracoin had real structural problems. It was not a case of simple 'lost interest' there were some real problems with the basic design. I won't say its dead- it trades, people mine it, and it can still have a bright future now that things are fixed.

+1

crazy_rabbit

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Pre-mining, as evil as it is, does at least give developers a financial incentive to stay active on the coin. Alt-coins run into this problem when the dev's no longer have enough financial stake in a coin they lose interest because why make someone else rich and not yourself?

That said, pre-mining is no guarantee either, as a not-so-committed dev might just dump everything all at once ala cash-grab and still not continue work on the coin.

Maybe there should be a coin where there is a premine, but by protocol the coins can't be accessed until some block point in the future- so as to keep the dev incentivised but not able to crash any emerging market by giving him all the coins at once. It's a good idea.

Topic: Terracoin, is it dead? (Read 1842 times)