Topic: too many alternative coins (Read 2224 times)
a few will make but i hope someday it will not be profitable to mine new coins.
who is making them? why? is there a way to stop it at some point. someone is trying to make ALL COINS Look Foolish.
Find out who is doing it, shine a light on them so they will stop. And Go Away.
Find out who is doing it, shine a light on them so they will stop. And Go Away.
It's tough finding a good coin. I know which one I am betting on, will have to see if I was right in 2 months from now.
Too many perhaps, but in the spirit of Open Source Software this is good thing. People get to experiment with the Bitcoin source code and in the process dicoveries are made and lessons learnt. Just like with Linux a while back - when every Joe had a distro out for download - people soon realize what gives a software product value and only the fittest survive.
This sudden increase in new coins is not New. It has happened before. It happens when coin prices spike up.
Why? Coin devs trying to cash in.
How does it play out? Let's look at history.
A lot of coins get issued, some end up on exchanges. If they don't get on an exchange they die. Typically if they end up on an exchange other than cryptsy they can hold on like on life support until they get on cryptsy. At the present time, Cryptsy is the king maker for coins.
So what is the strategy? Mine those that will get on an exchange. When they hit the exchange dump the coins and make money.
Which coins get on an exchange? Your guess is as good as mine. Maybe some have unique properties? Maybe some have a lot of hype?
Therefore, the number of coins issued doesn't matter except it makes it harder to determine which will end up on an exchange.
Why? Coin devs trying to cash in.
How does it play out? Let's look at history.
A lot of coins get issued, some end up on exchanges. If they don't get on an exchange they die. Typically if they end up on an exchange other than cryptsy they can hold on like on life support until they get on cryptsy. At the present time, Cryptsy is the king maker for coins.
So what is the strategy? Mine those that will get on an exchange. When they hit the exchange dump the coins and make money.
Which coins get on an exchange? Your guess is as good as mine. Maybe some have unique properties? Maybe some have a lot of hype?
Therefore, the number of coins issued doesn't matter except it makes it harder to determine which will end up on an exchange.
no such thing as too many anything in a free market
Well, good. If there is money to be made in this market, someone will eventually produce a solution that will make bitcoin obsolete.
Clone alts flooding the market is a great thing---and it is a great thing exactly because of posts like these.
As copy/paste coins proliferate, there is a simultaneous steep rise in interest for systems like Mastercoin, eMunie, Monetas, NXT, and Ripple.
They offer radical new approaches, and those qualities stand out as dull generic coins fill in as the backdrop of the market.
It takes more to stand out. Innovators do exactly that.
As copy/paste coins proliferate, there is a simultaneous steep rise in interest for systems like Mastercoin, eMunie, Monetas, NXT, and Ripple.
They offer radical new approaches, and those qualities stand out as dull generic coins fill in as the backdrop of the market.
It takes more to stand out. Innovators do exactly that.
The conspiracy theorist in my says that all these alts are distractions from the real coins! They are being put out by a handful of people who's motive is to get you off the good pre-mined coins that actually have value, like Worldcoin.
And the pets! Poor little dogs and cats being exploited like that...!
-MarkM-
-MarkM-
I agree there has to be some standarts at least. This is ridiculous inflation of altcoins.
Yes, the government should save us, think of the children.
survival of the fittest 
you know what i ve been thinking lately ? we are creating the same thing like it is know dollar euro yen ect ect
all those differned alts coins its the same...........but >.............!!
these currencies ar all from us the earth people !! ;-)
no banks no dude in the middel who is trying to urn some money from you
direct transactions from and to ore to and from !
fees and transactions fee should be also payout to the makers/miners and suprisely some pools are doing that , Thanks !
digital currencies (computer creations) / coins whatever........ will last for ever and one day there are only these like "digital coins"
its all about who is behind and take anough effords to bring it to you
do you feel that this post whas helpfull to you show me to my EAC's adres : eY4WcL4tfDmyCeu5Y4SJ3ztHEiJeVRHS6H
all those differned alts coins its the same...........but >.............!!
these currencies ar all from us the earth people !! ;-)
no banks no dude in the middel who is trying to urn some money from you
direct transactions from and to ore to and from !
fees and transactions fee should be also payout to the makers/miners and suprisely some pools are doing that , Thanks !
digital currencies (computer creations) / coins whatever........ will last for ever and one day there are only these like "digital coins"
its all about who is behind and take anough effords to bring it to you
do you feel that this post whas helpfull to you show me to my EAC's adres : eY4WcL4tfDmyCeu5Y4SJ3ztHEiJeVRHS6H
Hey, i would like to know what´s your opinion on all the alternative currencies, do they really have a future? I really can´t look at this alt coins seriously... Hamstercoins, Catcoins...
Is there any possibility that a coin like catcoin or dogecoin is able to withstand?
Is there any possibility that a coin like catcoin or dogecoin is able to withstand?
Highly unlikely.
99.999% of these alt-coins will eventally die off due to lack of support from any substantial community.
It's been the time of the altcoins "lately". I'm curious whether that will ever truly stop of that there will be this much new ones created daily indefinitely.
Let the market decide.
Exactly! The market will decide. A couple of them will find a market, while others just disappear.
The condemned live longer
I agree there has to be some standarts at least. This is ridiculous inflation of altcoins.
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Hey, i would like to know what´s your opinion on all the alternative currencies, do they really have a future? I really can´t look at this alt coins seriously... Hamstercoins, Catcoins...
Is there any possibility that a coin like catcoin or dogecoin is able to withstand?
Is there any possibility that a coin like catcoin or dogecoin is able to withstand?
There will always be new coins as people just try to profit or get rich quick off them and then move on. The only alts that will survive as currencies are those that can get some merchant adoption behind them, which very few have managed so far.
What do you think about Tagcoins? The dev team seem to be trying hard to integrate it with local (Philippines) merchants.
Not sure, I'll have to check them out, but any Coin that is actively trying to get merchant adoption is already way ahead of the rest IMO.
Can there be too many? 
Hey, i would like to know what´s your opinion on all the alternative currencies, do they really have a future? I really can´t look at this alt coins seriously... Hamstercoins, Catcoins...
Is there any possibility that a coin like catcoin or dogecoin is able to withstand?
Is there any possibility that a coin like catcoin or dogecoin is able to withstand?
There will always be new coins as people just try to profit or get rich quick off them and then move on. The only alts that will survive as currencies are those that can get some merchant adoption behind them, which very few have managed so far.
What do you think about Tagcoins? The dev team seem to be trying hard to integrate it with local (Philippines) merchants.
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