Topic: What can your coin do that LTC/BTC can't? (Read 2570 times)

I am the inventor and chief advocate of Geschwindigkeitsbegrenzungencoin

I answer your tedious questions:

1) Why Geschwindigkeitsbegrenzungencoin rather than LTC/BTC

Geschwindigkeitsbegrenzungencoin is utterly immune to ASIC factoring and is thus the coin of the GPU masses not and elite clique of ASIC fags and freemasons

2) Why does Geschwindigkeitsbegrenzungencoin have such a long name?

Geschwindigkeitsbegrenzungencoin is a meaningful name that aims to promote Teutonic functionality over vapid Anglo-American jingoism


 

Then what is innovation as per your perception. Alt coins are just like alt currencies to bitcoin. As there are lots of altcurrencies  not every company uses USD as there national currency. In my opinion there should be variety for people to select from. Why you guys use LTC its also a kind of altcoin eventhough it did some innovation but still its a altcoin. Start criticizing it too.

/popcorn


Seriously, as others have pointed out, they offer a collection of ideas for the market to test out, and for promising devs to get their bones.  Those are reason enough.  I agree with the OP that throwing money, whether fiat or BTC, into one or more of these alt coins with the hope of getting rich is a Very Bad Idea.  But that impulse, if not applied to altcoins, would simply be applied elsewhere.  It's not the fault of altcoins that some people take get-rich-quick actions that will hurt them in the end. I feel bad for them; I feel worse for their families.

But for people who are just playing around, or are serious about learning the ropes, altcoins are a great place to come and do it.  The OP seems to suggest that a lack of true innovation = failure.  I argue that Satoshi-level innovation should not be expected of anyone but Satoshi.  But even Satoshi had to learn a thing or two before s/he/they unleashed the beast that is Bitcoin.

Seriously? Mistake-fodder wasn't good enough for you? Would you prefer a first year med-student or a surgeon with 10 years of experience to operate on you? So likewise, would you prefer a curious noob or someone that's done two years of trial and error on their own coin to offer improvements to bitcoin?

Or is all this because you just wanna bitch about something? Keep going if that's the case, 'cos you're cracking me up!

Most "noobs" don't know this, but shorter block times were tested 2 years ago in an ALT currency named GeistGeld. https://bitcointalksearch.org/topic/announce-new-alternate-cryptocurrency-geist-geld-42417

shhs Fenican let him continue on his blind rampage lol......

NEWS FLASH TO GENIUS - The Litecoin developers did not invent scrypt

Well, in reality Litecoin wasn't the first coin to utilize scrypt, so wouldn't that make it just another clone in your eyes?

Does this mean that you also think YAC is going places because it altered the hashing algo?

The entirety of the cryptocurrency field is so condensed at this point that it is impossible to tell what will and won't succeed. It's difficult to say exactly what bitcoin can do at this point. The only thing that bitcoin can do right now that, say, bytecoin can't do is buy drugs.

The testing of shorter block times is an important step towards the development of cryptocurrencies. We can be absolutely certain that one hour transaction times are not suitable for a daily economy, so it is important to have a testing ground for different ideas. If you support cryptocurrency development as a whole you should be supporting alt-coin development. You yourself called the altcoins "lab rats" for bitcoin and litecoin. The difference between you and the rest of the community is that you seem to be against the progress that altcoins are trying to achieve. If you truly believe that bitcoin can adopt any advancement that is successfully implemented in an alternative cryptocurrency then you should be supportive of the alt community. They are doing the dirty work. Sure, coins like sexcoin and porncoin added nothing to the community, but that doesn't mean the possibility wasn't there. They successfully proved that people aren't stupid enough to latch onto a coin just because sex is in the name. Now bitcoin doesn't have to become bitsexcoin.

Given that you have explicitly stated that your goals in this subforum are not of a monetary nature, your actions and your words seem contradictory.I'm sure I will get a snide remark about when I joined the forum as a response.

Lol, do you?  Litecoin - dumb name, price based purely on mtgox speculation....   Litecoin is just a wannabe bitcoin....    Just like everyother coin that comes along.... When sha   asic miners come along what difference is there between LTC and BTC?

Lose value!

You joined less than a month ago and profess to know bitcoin's code? lol.  Um sha versus scrypt.  Everything else is a copy.

BTW, do you know the true difference between sha and scrypt?  Since you proclaim so much already.

And Litecoin changed a few parameters of Bitcoin's code.  Your point? 

And yet the coins you invest in only change a few parameters of Litecoin's code.  Hm...

Litecoin isn't really that cool of a name

Says the person who joined two months ago and is trying to get as many of the new scam coins out there.

You can create a new alt in less than a couple hours by changing the parameters/code.  All you need is a "cool"  name and logo to follow.  It doesn't take talent.

So....

Reason why altcoin is bashed as scam coin? 2 words "ASIC miners"

There is a point in all of this person who joined less then two months ago.  Sorry you can't read between the lines.  Also, this isn't biology.  There isn't anything here that can't be replicated by any other shit coin or coin before or after it.  Oh, did I give away the point?  Wow people are dense.

There is ZERO innovation.  Sorry changing a few lines of code is NOT innovation.

the irony here... bitcoin is essentially an altcurrency... just as fiat currency was an alt to silver/gold/etc... (and as another mentioned there are plenty of alt fiats)... and just as metals and gems were alts to whatever we used before them to facilitate trade... it's all just an evolutionary part of our interactions. and if there's one thing humans love to do, it's create... the copy stage is just a natural part of that process... copy - create - learn - innovate

so, here's a real question: Why the hostility? Are these cryptocurrency experimenters hurting you? This is just a ride. We're experiencing an evolution of something... How about an alternate perspective (bear with me here, i know how you feel about alternates  ) : Many altcoin creators may just be experimenting, learning something new, perhaps even new to programming in general... so they dive into creating their own altcoin for whatever reason... they make mistakes, some creations meet an early end, they try again... time goes on and the inexperienced become experienced... through trial and error (knowing how things can go wrong and how to fix it can be very helpful) and a genuine desire to create something of their own (one of the most powerful internal motivating forces we possess)...

Now they're ready to offer improvements to Bitcoin. 

So to answer your question of what these altcoins offer that bitcoin and litecoin don't: mistake-fodder. There's a reason medical students practice on cadavers before becoming surgeons... why pilots practice in flight simulators before actually flying a plane... why divers practice in pools... or rock climbers on walls with harnesses......... i can't think of anymore... 

Lol.  My bag of litecoins are worth a lot more than your shit coins I can tell you that.  Try again.

I am the cat.  I am eating all you lab rats one by one.