Topic: What do you think is the future of altcoins? - page 2. (Read 1846 times)
I felt that way for a while but had a change of heart recently.
For a coin to succeed it needs good developers; good support; and good options to spend as currency. LTC has that and if ATMs and PoS allow multiple choices then many others will do later on too. Regardless of whether it is only a small change from BTC or no change, people like alternatives; LTC perhaps already has critical mass to continue for the long term. Others offer alt options that are more than just copying others and those differences might appeal - so the more environmentally friendly 100% PoS might strike a cord with enough people that don't care about the technical criticisms.
My approach now is more that if a coin has three of four elements [substaintial offering something difference and potentially better then other coins; good developers; good support; and good options to spend as currency], then it's worth supporting, as it could take off alongside BTC.
Coins you might have shunned previously may come alive with additional support, making those differences practical and useful. For example, see Namecoin now with Firefox plugin http://youtu.be/Y9c3d4B7V2A
Also then, you shouldn't mistake all options as being copy coins. There are now Bitcoin 2.0 - looking beyond currency, and instead to trade; those could be really important: see Master (MSC); Next (NXT); ProtoShares (PTS); Counterparty (XCP)
For a coin to succeed it needs good developers; good support; and good options to spend as currency. LTC has that and if ATMs and PoS allow multiple choices then many others will do later on too. Regardless of whether it is only a small change from BTC or no change, people like alternatives; LTC perhaps already has critical mass to continue for the long term. Others offer alt options that are more than just copying others and those differences might appeal - so the more environmentally friendly 100% PoS might strike a cord with enough people that don't care about the technical criticisms.
My approach now is more that if a coin has three of four elements [substaintial offering something difference and potentially better then other coins; good developers; good support; and good options to spend as currency], then it's worth supporting, as it could take off alongside BTC.
Coins you might have shunned previously may come alive with additional support, making those differences practical and useful. For example, see Namecoin now with Firefox plugin http://youtu.be/Y9c3d4B7V2A
Also then, you shouldn't mistake all options as being copy coins. There are now Bitcoin 2.0 - looking beyond currency, and instead to trade; those could be really important: see Master (MSC); Next (NXT); ProtoShares (PTS); Counterparty (XCP)
Oh but how I love the greed, the sleezy cons and underhanded deals. Isn't that the very foundation of Capitalism? The goal is to get wealthy, isn't it? Why pretend otherwise?
Because if you're smart, you can see what's really going on and use that to your advantage. This isn't a game for people who can't read between the lines or get the dirt on what's really happening behind closed doors.
It's an absolute cesspit in here at times, but sometimes you've got to be knee deep in crap before you can expect to find gold.
I do have morals and standards, though. I just buy, trade and mine, and that's pretty much it. If we all cared whether a coin was shady or not there'd be very few altcoins to profit from indeed.
Because if you're smart, you can see what's really going on and use that to your advantage. This isn't a game for people who can't read between the lines or get the dirt on what's really happening behind closed doors.
It's an absolute cesspit in here at times, but sometimes you've got to be knee deep in crap before you can expect to find gold.
I do have morals and standards, though. I just buy, trade and mine, and that's pretty much it. If we all cared whether a coin was shady or not there'd be very few altcoins to profit from indeed.
the doge tipping is interesting but i still hate that coin and think its still a cancer.
and i was trading last summer too and i don't think it was as slow as you said or how your making it sound.. look at Cryptsy's graphs for volume
free market is a catch all excuse to act like a sleaze bag and i am sooooo sick of hearing all you scam coin supporters parrot that like your official mantra
it's bs.
One thing you many of you don't like is when i remind you how other so called free markets often used in comparison
are actually in fact regulated.. so guys like BitJohn or whom ever would prob be doing jail time like Martha Stewart for using Exchange info to trade with..
Kinda funny how the guys that run exchanges add coins with no warning eh ? He can view your info and then go trade..
and has before shielded devs from their identity from the public and much much more with all his buddies of course.. you know the ones who hide from support now lol
You don't think their old good buddies who made the coins had anything to do with that do you ? Hell we had a chat moderator with account access and he had his own coin
that was made in part by a guy who has half the coins on cryptsy and they have the nerve to say there is no back room shit going on.. bull fucking shit !
Let me say one example randomly i heard word for word from iGotSpots and BitJohn..
They had admitted and privately discussed adding the coin and gave Spots the choice as to what market he wanted his coin on THEY SAID
and you don't think these guys hanging out for a year or two aren't going to use that info to their advantage ? duh...
So we have corruption.. scams.. no regulation and an endless stream of pyramid schemes essentially that have to cave in on themselves
because when you run out of new guys the thing collapses.. same reason why Bitcoin went to $1200 and fell down and stayed down i think..
not enough new users at the same or higher rate as before coming in basically.
I see nothing but the usual greedy people making poor excuses for destroying this scene slowly.. like wringing out a cloth until they can get that last dollar
and then they will scatter.. NONE of them will accept any responsibility for anything at all and in fact they will join in later with a pitch fork
and pretend they wanna get the bad guys too, when in fact they are one of them and know it.
I think a key issue is the antics of coin cloners and their supporters are getting so bad that they are turning heads across the globe
and banks and governments etc are taking notice and they are not seeing anything good if they come here and look at the altcoin forum section lol
Hell these guys long ago use to at least *try and make it look like a real coin.. now you can't even call them coins.. their scams.. pretty much a like a ponzi scheme.
Is TrollCoin going to be accepted instead of Bitcoin anywhere ? nope. then what is the point ?
Imagine having to run a till at a retail store and having 900 currencies in there lol
I could write a phone book sized list of scummy dipshit bs i see in this scene prob daily.. it's that bad.
And what is worse is most guys see NOTHING bad at all and tell you to quit saying anything negative. (or attack you / troll you etc)
Your on the titanic and many cocky pricks deserve to drown and i won't feel sorry for them.
I see greedy people taking as much as they can as fast as they can, *rather than thinking long term.
Regulation needs to come in and clean house and a lot of guys need to change their ways or get busted for fraud.
A couple arrests and watch how fast your eBuddies and "communities" stab your in the back.. it will be anarchy and it's coming soon.
I guarantee the FBI is actively involved in this community/scene and many others prob form government branches.
The Titanic is unsinkable though right ?
and i was trading last summer too and i don't think it was as slow as you said or how your making it sound.. look at Cryptsy's graphs for volume
free market is a catch all excuse to act like a sleaze bag and i am sooooo sick of hearing all you scam coin supporters parrot that like your official mantra
it's bs.
One thing you many of you don't like is when i remind you how other so called free markets often used in comparison
are actually in fact regulated.. so guys like BitJohn or whom ever would prob be doing jail time like Martha Stewart for using Exchange info to trade with..
Kinda funny how the guys that run exchanges add coins with no warning eh ? He can view your info and then go trade..
and has before shielded devs from their identity from the public and much much more with all his buddies of course.. you know the ones who hide from support now lol
You don't think their old good buddies who made the coins had anything to do with that do you ? Hell we had a chat moderator with account access and he had his own coin
that was made in part by a guy who has half the coins on cryptsy and they have the nerve to say there is no back room shit going on.. bull fucking shit !
Let me say one example randomly i heard word for word from iGotSpots and BitJohn..
They had admitted and privately discussed adding the coin and gave Spots the choice as to what market he wanted his coin on THEY SAID
and you don't think these guys hanging out for a year or two aren't going to use that info to their advantage ? duh...
So we have corruption.. scams.. no regulation and an endless stream of pyramid schemes essentially that have to cave in on themselves
because when you run out of new guys the thing collapses.. same reason why Bitcoin went to $1200 and fell down and stayed down i think..
not enough new users at the same or higher rate as before coming in basically.
I see nothing but the usual greedy people making poor excuses for destroying this scene slowly.. like wringing out a cloth until they can get that last dollar
and then they will scatter.. NONE of them will accept any responsibility for anything at all and in fact they will join in later with a pitch fork
and pretend they wanna get the bad guys too, when in fact they are one of them and know it.
I think a key issue is the antics of coin cloners and their supporters are getting so bad that they are turning heads across the globe
and banks and governments etc are taking notice and they are not seeing anything good if they come here and look at the altcoin forum section lol
Hell these guys long ago use to at least *try and make it look like a real coin.. now you can't even call them coins.. their scams.. pretty much a like a ponzi scheme.
Is TrollCoin going to be accepted instead of Bitcoin anywhere ? nope. then what is the point ?
Imagine having to run a till at a retail store and having 900 currencies in there lol
I could write a phone book sized list of scummy dipshit bs i see in this scene prob daily.. it's that bad.
And what is worse is most guys see NOTHING bad at all and tell you to quit saying anything negative. (or attack you / troll you etc)
Your on the titanic and many cocky pricks deserve to drown and i won't feel sorry for them.
I see greedy people taking as much as they can as fast as they can, *rather than thinking long term.
Regulation needs to come in and clean house and a lot of guys need to change their ways or get busted for fraud.
A couple arrests and watch how fast your eBuddies and "communities" stab your in the back.. it will be anarchy and it's coming soon.
I guarantee the FBI is actively involved in this community/scene and many others prob form government branches.
The Titanic is unsinkable though right ?
There will be a day where bitcoin loses and 50% of its value and 95% of alt coins will lose 90% of their value and then after that people will start investing slowly and with more wisdom in the alt coin market.
that day is already here, btc was at 1200 one time
TeslaCoin has a good concept behind it and I think it'll stick around.
There will be a day where bitcoin loses and 50% of its value and 95% of alt coins will lose 90% of their value and then after that people will start investing slowly and with more wisdom in the alt coin market.
Designer needed for No Coin!!!
probably going to be cyclic for some time to come... as many new coins out, the incentive to make another new one diminishes. then as the weakest of the last round of coins fade away into oblivion, the incentive to make more new ones will probably rise. It is the free market at work
free market at "work"...? ok, so i just launched No Coin! ...wanne buy? get it here:
https://bitcointalksearch.org/topic/ann-no-coin-super-fast-secure-algo-with-improved-w-factor-no-premine-2014-469352
probably going to be cyclic for some time to come... as many new coins out, the incentive to make another new one diminishes. then as the weakest of the last round of coins fade away into oblivion, the incentive to make more new ones will probably rise. It is the free market at work
Since last summer a lot of altcoins came to the market...and till end of last year even more..
Now it seems, that intrest for new altcoins is shrinking enormous. Almost everybody tries to launch an own coin but crypto scene isnt big enough for that, and people not involved yet dont spend $$ for blabla-coin number 436...
So i think we see now the end of this trend that every launched coin find investors. its quite clear for everybody now, that 95% of this coins have no use at all and will never have, so the market gets tougher and the chance to find someone who buys this stuff shrinks with every day.
From now on, just coins which people really can use will have a chance. Bitcoin you can use to buy stuff and even if you do not like the mem and the tipo people also use DOGE for tipping. Now RDD is rising, another tipping currency for social networks.
Which other altcoins exist with a clear and realistic concept for being used by the people? And can devs please stop to launch coins which have'nt any concept at all for this? Who needs this stuff?
Now it seems, that intrest for new altcoins is shrinking enormous. Almost everybody tries to launch an own coin but crypto scene isnt big enough for that, and people not involved yet dont spend $$ for blabla-coin number 436...
So i think we see now the end of this trend that every launched coin find investors. its quite clear for everybody now, that 95% of this coins have no use at all and will never have, so the market gets tougher and the chance to find someone who buys this stuff shrinks with every day.
From now on, just coins which people really can use will have a chance. Bitcoin you can use to buy stuff and even if you do not like the mem and the tipo people also use DOGE for tipping. Now RDD is rising, another tipping currency for social networks.
Which other altcoins exist with a clear and realistic concept for being used by the people? And can devs please stop to launch coins which have'nt any concept at all for this? Who needs this stuff?
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