Terracoin, is it dead? - page 2. | Bitcointalksearch.org

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: medicine on June 19, 2013, 11:46:05 AM

I also agree that pre-mining is a simple solution for starting a new coin off right, but the sheer number of new coins started in such a short time to me indicates to me many of them being nothing but a cash grab. Not saying Terracoin necessarily falls flush into this category.
I'm no programmer either, are these "structural problems" something that can be fixed with developers time?

They were addressed a month or more ago. But there hasn't been any word as of late.

medicine

hero member

Activity: 697

Merit: 501

I also agree that pre-mining is a simple solution for starting a new coin off right, but the sheer number of new coins started in such a short time to me indicates to me many of them being nothing but a cash grab. Not saying Terracoin necessarily falls flush into this category.
I'm no programmer either, are these "structural problems" something that can be fixed with developers time?

R-T-B

full member

Activity: 145

Merit: 100

Quote from: trenal on June 19, 2013, 11:23:03 AM

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. ;-)

Haha, this is probably how he lost half his BTC stash the first time around. I wouldn't go all-in on any of the current coins, unless you are the developer and plan to premine and pump and dump like all of them.

I agree with nearly everything in this post, except for the idea that all premines are inevitably "pump and dump." There are legit uses for a premine, and it's even been done, but they are few and far between.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: trenal on June 19, 2013, 11:23:03 AM

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. ;-)

Haha, this is probably how he lost half his BTC stash the first time around. I wouldn't go all-in on any of the current coins, unless you are the developer and plan to premine and pump and dump like all of them.

No, I bought "low" but over the past month all the altcoins have basically plummeted and continue to fall every week. I just missed the get out opportunity by a few fractions of a BTC ratio and it fell week after week. I never thought it would get this low. It happened before right during the BTC "crash", it got down to .001XX but then went parabolic to .006 or higher. I was trying to diversify a bit.

solracx

sr. member

Activity: 294

Merit: 250

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.

If the original developers cannot find any value in maintaining the current block chain, then it is good as toast.

It ultimately boils down to the incentives for developers. The cain either stick with the old coin (assuming they still have a boat load of coins) or create a new coin where they can pre-mine the same amount. Who knows with all these coins out there with anonymous developers.

trenal

newbie

Activity: 31

Merit: 0

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. ;-)

Haha, this is probably how he lost half his BTC stash the first time around. I wouldn't go all-in on any of the current coins, unless you are the developer and plan to premine and pump and dump like all of them.

crazy_rabbit

legendary

Activity: 1204

Merit: 1001

RUM AND CARROTS: A PIRATE LIFE FOR ME

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.

solracx

sr. member

Activity: 294

Merit: 250

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. ;-)

Vigil

sr. member

Activity: 378

Merit: 250

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

medicine

hero member

Activity: 697

Merit: 501

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.

TheSwede75

full member

Activity: 224

Merit: 100

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..

Vigil

sr. member

Activity: 378

Merit: 250

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.

Topic: Terracoin, is it dead? - page 2. (Read 1842 times)