Topic: What will happen to your favorite alt-coin? - page 5. (Read 17270 times)

I tried to talk the Devcoin community into doing some of these things when I first started writing for devtome, they told me they don't have the money to solve those problems though. And they won't until people see the good it can do.

How do you earn coins with crypsty, without already having coins?

re:

" I as well cannot determine where the wealth of these coins is coming from, "


what name is supporting it? MST i'm buying all basing on a legal issue with MSC devs , two coins with the same name!  wwhattt?

it's called cryptsy my dude,,, use it wisely! 

I write in a way that I can express my train of thoughts more precisely, and yeah I have read a lot of books.

I know there is a limited amount of true wealth in the world and that gets diluted by the number of active investments in the world.

Bitcoin has gained it's value by being magnitudes more efficient, and soon much better designed than the banking system that it will replace; This is why it is appreciating in value, the people see what it is worth and are rallying their economic power around it, they know it is better, too long has the technological potential of our minds been held back by ancient obsolete systems.

This is where Bitcoin is  getting it's wealth from, it's simply a better way of exchaning wealth.

The Alt-coins have limited potential simply because they are the same as Bitcoin, only small improvements or worse. The time and effort required to move to them would require another advantage that will have to be determined for that particular coin. It will gain a little wealth, but it must start at zero to assess it's value properly.

so I as well cannot determine where the wealth of these coins is coming from, A POW advantage can attract a specific type of person to complete the human challenges.

Devcoin is a great start, but it is definitely very badly executed, bad interface, limited scope for it's mission, not diverse enough, no place for it's members to congregate and exchange ideas more effectively, but someone will figure it out.

 

I'm working on a forthcoming exchange type coin based in California ~New York ...spring 2014 full rollout! =)

Devcoin is a shoddy pos coin! lol

Exactly. The current philosophy of "create coins for fun" but "mining is what we consider fun" can not last forever. Eventually people are going to realize that many of these coins have nothing supporting then except an [ANN] thread.

Coins should not be made to trade for bitcoin. Coins should be made to bridge the gap between bitcoin and the public.

I'll try to keep this short. 

I believe BTC protocol creates wealth because of the value it adds to the system. It allows for fast and cheap transfers world wide. It prevents a central authority from destroying the currency at it own whims.  It is a store of wealth.  Any of these things can be done with other services or instruments; PayPal, Gold, fiat. BTC just does it better.

Now enter Alts. If the alt adds nothing new to BTC it adds very little value. It does add some value, as it allows for the acquisition of BTC, from some other means, other then buying or mining BTC directly. Both of which can be difficult and expensive.

Alt Coins that add new features to BTC, add true wealth. Example Proof of Stake, which now allows for much higher energy efficiency of inflating a crypto. A big issue for BTC.   

Obviously some of these features could be added BTC, some maybe can not.

In short I think alt coins are a mixed bag. Creating one simply to pump and dump, is damaging to the system, but hey it is a free market. Creating ones to improve and enhance BTC is a good thing! IMHO...

I have another idea for our TagCoin, or any crypto that is integrated with tagbond rewards. Because it is a digital representation on our wallet system, backed by the crypto that was deposited, anyway can give tips in the same way as Flatter, using buttons on a site to ask for instant donations. Faster than crypto wallets...I button press, enter the amount and it is done...it just shows up instantly in the other users wallet, and if he doesn't have one, one will be created automatically for them. Great for donations, anonymous or otherwise...

Any other ideas on this topic?..

If anyone would like to get paid for making coins, I suggest posting your email and price of development in this thread. But before you do that, look up the Devcoin code just so you can see the difference between it and a normal coin. It creates payment within a community, outside of mining.

And when like 1/10 companies have their own coin, bitcoin will basically be used to buy anything you want. You just have to buy the coin that you can spend at the place you want to buy things.

And using wallet apps, people could buy things in person.

It's like when people lived in corporate town s and got paid money that only worked at corporate shops. Except we have the Internet, so we can all trade for what coins we want.

Basically, this will eventually replace:
Coupons
Gift Cards
Pay Checks or at least bonuses
Barter Point
Rewards Programs
Etc

And you know I am hoping to let people build those communities and use whatever coin they want.

There is still a point you are missing. The plan is not to have communities to pop up around coins, but coins to pop up in existing communities (groups, charities, companies, etc)

~and they build crosses to go with the nails? 

How that can be alternactive when BTC price is fluctuating crazy, now 150 nex day 220 then again 170

Mmm.  Maybe.

That sounds a lot like the alternative local currency movement-- create a local currency that somehow expresses the local community's values.

I'm probably just a too-logical, cold-hearted geek, but building community around a currency doesn't strike a chord with me. To me, community is about people, and a currency is just a tool for transactions. I guess an analogy would be a bunch of carpenters who build a community around some Extra Special brand of nails that they create and trade amongst themselves.

The wealth is not in the "printed money" you are missing the point. The wealth is in the company that invests its time in the coin, and the people that will work for the coin.