Topic: The End of Alt Coins (Read 3404 times)
there are just too many altcoins. also, the price is dropping due to the high bitcoin price
I see. Interesting... So you are saying it goes UP and DOWN and UP and DOWN and UP and DOWN? A remarkable insight indeed!
Of course the orange arrow only goes UP and not DOWN. Because. It. Is. Orange. Correct?
Well that dirty great big Orange arrow is a trend line and in this case it is heading up. What's the PPC community like to support this trend or is this just speculation?
go buy some BFL asics if you really want to mine something.
haha - I almost took your post seriously...
I think we all know that many of the clone coins -- which represent most altcoins, really -- won't last. But I have to think that a few will stick around. LTC, PPC, maybe XPM, who knows. It's a lot of speculation at this point. But the end? Nah.
One of the reasons why it would be so hard is that Proof-of-Stake is not possible with a fixed limit for the amount of coins like the 21 million limit of BTC. A PoS coin would increase its supply infinitely. One can achieve some stability in coin supply by destroying transaction fees (like PPC) but a "hard limit" is not possible.
Of course it is. Just because PPC chose not to go that route doesn't make it impossible. It was a design CHOICE not a requirement.
It isn't a requirement. How about coins have to be moved within so many years (say 10). Coins that aren't are deleted by the network and respawned as new miner rewards thus keeping the pool of coins available for stake relatively constant. That is just one idea. It isn't an absolute requirement. The creators even stated so. It is just one solution to the problem.
Ideas are great, how about a reference implementation
Death and Taxes knows so much about crypto, i wanna see him make a coin. hell i'd mine it as long as it isn't scrypt based.
One of the reasons why it would be so hard is that Proof-of-Stake is not possible with a fixed limit for the amount of coins like the 21 million limit of BTC. A PoS coin would increase its supply infinitely. One can achieve some stability in coin supply by destroying transaction fees (like PPC) but a "hard limit" is not possible.
Of course it is. Just because PPC chose not to go that route doesn't make it impossible. It was a design CHOICE not a requirement.
It isn't a requirement. How about coins have to be moved within so many years (say 10). Coins that aren't are deleted by the network and respawned as new miner rewards thus keeping the pool of coins available for stake relatively constant. That is just one idea. It isn't an absolute requirement. The creators even stated so. It is just one solution to the problem.
I see. Interesting... So you are saying it goes UP and DOWN and UP and DOWN and UP and DOWN? A remarkable insight indeed!
Of course the orange arrow only goes UP and not DOWN. Because. It. Is. Orange. Correct?
too risky to be in alt-coins right now... btc is in a bit of a correction but once we shoot past 167 i don't want to be anywhere near alts
It was a high risk high reward scenario. Those who could can cash out right now with massive profits.
One of the reasons why it would be so hard is that Proof-of-Stake is not possible with a fixed limit for the amount of coins like the 21 million limit of BTC. A PoS coin would increase its supply infinitely. One can achieve some stability in coin supply by destroying transaction fees (like PPC) but a "hard limit" is not possible.
Of course it is. Just because PPC chose not to go that route doesn't make it impossible. It was a design CHOICE not a requirement.
Thank god. If these things had come even close to being as popular as Bitcoin then the entire cryptocurrency experiment would be dead forever.
One of the reasons why it would be so hard is that Proof-of-Stake is not possible with a fixed limit for the amount of coins like the 21 million limit of BTC. A PoS coin would increase its supply infinitely. One can achieve some stability in coin supply by destroying transaction fees (like PPC) but a "hard limit" is not possible.
Of course it is. Just because PPC chose not to go that route doesn't make it impossible. It was a design CHOICE not a requirement.
Did I spam this thread on Anoncoin? Oh yes, sorry!... 
too risky to be in alt-coins right now... btc is in a bit of a correction but once we shoot past 167 i don't want to be anywhere near alts
Alts are only good for one thing now days - mining. And even that is drying up. That leaves zero reason for alts to exist.
You would have to be insane to hold any alts at this point.
so you don't think any of them have the potential to survive? with no real economy, btc too was all speculation for quite some time.
Maybe, but with 70 or whatever on Cryptsy can you pick a winner? You might get lucky but why bother when there are many opportunities in the BTC culture. There is simply no reason for an alt coin to catch on nor will there be in the near future.
too risky to be in alt-coins right now... btc is in a bit of a correction but once we shoot past 167 i don't want to be anywhere near alts
Alts are only good for one thing now days - mining. And even that is drying up. That leaves zero reason for alts to exist.
You would have to be insane to hold any alts at this point.
so you don't think any of them have the potential to survive? with no real economy, btc too was all speculation for quite some time.
Peercoin's price is skyrocketing, imo will replace btc within 5 years. PPC just had a correction that's why it just went down, it is still up 40%+ since last month.
.This is not the endtimes for alt coins? This is just the beginning. BTC has limitations, altcoins will solve these problems in their own specific ways.
Not sure if PPC or XPM...
But one of them will take a run at LTC (right now the Whales love XPM).
Alt Coin Market Cap (less LTC) = $20,000,000.
Alt trading culture is just starting to take shape...
It's absolutely fascinating compared to just scalping BTC...
That $20 million will explode in the next 6-12 months.
too risky to be in alt-coins right now... btc is in a bit of a correction but once we shoot past 167 i don't want to be anywhere near alts
Alts are only good for one thing now days - mining. And even that is drying up. That leaves zero reason for alts to exist.
You would have to be insane to hold any alts at this point.
For every seller there is a buyer.
too risky to be in alt-coins right now... btc is in a bit of a correction but once we shoot past 167 i don't want to be anywhere near alts
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