Topic: What altcoins are going to the moon? - page 3. (Read 3179 times)

Ok, lets give a run down of what we have going on:

Bitcoin - the oldtimer that has all of the hype. It is first to market, and is unlikely to disappear for decades (centuries) to come even if something else replaces it. It is the original, and people like originals, and that is the only reason it has value over the other coins. You could argue mining power, but that is because of value, and thus is derived from hype.

Litecoin - AKA, darn, I wish I could have mined bitcoin, and F that, I am not buying fancy hardware. Besides, all that fancy hardware just makes for less democratic mining, and wasn't that what satoshi really wanted.

Namecoin - Bitcoin is pretty neat, lets make it do something useful besides a system of accounting. This would continue to be awesome, but they did merge mining with bitcoin and rely on ASICs and whatever, who wants to f with that.

One million litecoin and bitcoin clones. Each thinking they are special because they use a cuddly panda bear as a logo and have a different mining rate, hashing system, etc. Some try to justify mining better with the fact they are solving primes or whatever, but really, mining is never the point. Mining is the hack that makes a distributed accounting system work.

My crystal ball says the true winner, maybe even to be a tough contender for bitcoin, doesn't exist yet, but I will describe it here for those who want to keep an eye out for it.

* It would use scrypt or some other hashing that is cpu bound and would have 1 minute blocks because really, that is ideal.
* Mining would start by default, and it would be super easy to add a pool in the client. The client would also have the best mining tool built in and just be a button press to start stop. Ideally pooled mining would be decentralized.
* It would not have some crazy deflationary thing built in, but provide a steady stream of currency forever. Yeah, it is boring, but we aren't trying to replace gold here, we are trying to replace dollars, and other fiats. They aren't get rich quick things, but things to build an economy of transactions on.
* It will allow you to do a lot more than just transfer money between addresses:
** You will be able to create a new colored coin at a 1-1 ratio for a small fee
** You will be able to set a key=>value store just like in namecoin
** Escrow (but most coins have that)
** Put colored coins up for sale at a certain price point for a certain number of blocks
** Put up actual ecommerce style listings and include a checkout and rating system
** Put up news / messages
** Send private messages

This is all the stuff I could think of at the moment. But bitcoin is a distributed account ledger and data store, and basic transactions are only the beginning.

Other tidbits: I feel that it should not use bitcoin-qt as the base environment. Python, or a web server running on a desktop with a html/css/js frontend would be superior so that front end development would grow rapidly.

Oh and yes, I could see another altcoin succeeding without any new features. It would be one created and backed by a government, and I see that happening someday soon. Perhaps part of it's transaction fees would be collected automatically as taxes. It would have the backing of men with guns and probably some old ideas attached to it, and thus its appeal.

The value of any altcoin is just what makes it different, and just changing some basic parameter in mining and generation isn't going to do it.

I see good potential in USDe now.
Only 3d day of mining and much attraction.
Undervalued QQC, of cause, able to jump in price in few days.

My hopes are for Doge

I think it makes sense to buy NXT forks

I think the scrypt coins which are basically copy of litecoin won't have a chance to go to the moon. They might go out of the earth atmosphere but they won't make it to the moon. I would say new projects, second generation of crypto, mastercoin, NXT, etc might have a chance.
 

@Dial595

Haha *omg* that was a joke...
I wouldn't be surprised to see one though, one day in the future
I honestly think there's money to be made with that right now, if a coder with too much time at hands feels so inclined to make one.


lol

Hardly any of these rip-offs have any actual value (apart from their entertainment factor to witness a ponzi restart and the fools rushing into them).

DogeCoin holds the current crown, designed as a functional but clear joke about AltCoin inflation but immediately taken serious by the blind, zombielike greedy masses within days (!).
The irony of that was beyond words, really hard to top that

Some of the "fresh Altcoin" fans are so dimwitted, one could toss them a "TheftCoin" where a random percentage of Coins is subtracted from random wallets @ each block discovered...
And you'd actually find people seriously "hoping this takes off"
It has reached really bizarre dimensions...

-- edit --

To answer the original Poster's question :
Buy a certain amount of BTC and LTC, plus a P2P based currency you prefer. Then just wait for a profitable exit (even after biblical events occur) and hope for the best - and accept a total loss should a coin die.
That's the only way to profit, while avoiding the entire Greater Fool Industry to the max. extend...
Oh, and don't follow the "profit zombies"... They smell "profit" from miles away and rush in to get wiped out, like Lemmings. Must be their religion or something...

Dogecoin will hopefully grow..

Coinye is another story though.. If we are lucky, then they make namechange and rebrand the coin itself..

I am going to make a serious coin that it a bit of a copy off the LiteCoin, but isnt gonna be as "Easy" to get loads of.
So the coin is getting some accual value

IMHO no Altcoin is going "to the moon" anymore - unless BTC and LTC go "to the moon" from where they are now (and most people don't realize going to the moon is actually a quite dangerous & risky trip).

In the current, mindless frenzy of people owning any mining-capable hardware who missed the original trains of BTC/LTC - they get served what they want.
Ever-brand new tracks made of cardboard & plastic, scale 1:48 or smaller - just for the sake of entering a train at its launch station (any train). And they are allowed to waste electricity for whatever coin people make up just to make them feel finally I'm on board @departure and might get rich. The very definition of FIAT, transported into the digital world. Brilliant.
None of this will end well for most.

The only funny, next thing would be "Brain Coin" requiring manual, human calculation limited to pocket calculators
(at least what would educate and train people at math, so that's actually a true value generated here *g* )

I'm honestly waiting for an "Altcoin Generator Construction Kit" Software sold, allowing anyone to create a coin within 5 minutes... for only 499.99$*.
( * Hosting & Pools not included, order separately for only 299.99$/month ! )
That would truly be a viable and completely valid business plan for the Greater Fool Theory

On a more serious note, in the long run most of these newer clone/pump&dump Altcoins will primarily serve one single function - damage Crypto Currency reputation.
Given their inflating numbers, that's something they could actually get really good at and help opening the door to "emergency cryptocurrency regulation" by governments to "prevent further financial damage to their citizens" by coin failures.

So far I can tell it's every coin which I didn't mine. And bitcoin.

How about worldcoin, seems to have lawyers and investors on its board.

The website looks nice anyway.

Earth coin is awesome! check out the poolerino pool,

megacoin

If you want in for the long term i say go for Goldcoin!
It is not as hyped as many other coins and it has been pretty stable compared to other alts

Are you telling me a coin thats already been mostly pre-mined isnt the future? Damn 

i just saw another poll where quark is rated highest-its called:  What are the biggest scam/sh*t coins out there?: https://bitcointalk.org/index.php?topic=361286.40

so what to believe?

DOGE of course

I predict Stablecoin to be very relevant within the next 6 months

Dogecoin.

Much coin. Very currency. Wow! Joking. But I guess Litecoin? It seems to be doing okay for a Alt. Coin, while Dogecoins are more or less used for the lulz.