Topic: What will happen to your favorite alt-coin? - page 9. (Read 17270 times)

What if there was a coin where 25% went to an ASIC mining rig fund. And everyone has an equal chance to win an ASIC miner like once a month or something.

That isn't even too far from the current altcoins structure, but would grow SO fast because everyone would want a free ASIC miner.

And it costs the developers and participants NOTHING

People can post such news, at least the English translation of the Chinese news, in their own words of course not simple thheft-by-translation of other people's articles, on Devtome to earn Devcoins...

-MarkM-

Like what if 50% of China coin went to paying people to translate chinese news into english and vice versa. The coins would explode, and so would the BTC market as news began to flow faster.

I mentioned tagcoin in my first post.
I'm talking about school districts creating coins though.

See TAGcoin.

-MarkM-

If you spend money on a product in bulk, and accept a highly volatile currency for that product in retail, you ARE investing in that currency.

And that is just not a desirable aspect to many people. Altcoins have a lot of potential.
I know that this niche CAN be filled by bitcoin and IS currently filled by bitcoin. But once we allow altcoins to do this, we will see a larger bitcoin audience.

What if schools started using them as promotions to gain funds for education. What if businesses used them as a "Toys R Us bucks" type system.

It opens up so many doors.

They don't have to invest in bitcoin, just accept it. Companies that mostly accept fiat mostly pay wages in fiat, and furthermore mostly in the specific flavour of fiat that they mostly accept.

Just go ahead and start a successful business and choose to accept some kind of cryptocoin.

You will probably find the hard part is starting a successful business, if you can do that the choice of which currencies to accept is relatively the easy part.

Part of the idea of http://www.devtome.com/doku.php?id=cpu_mining is it in effect creates jobs, by providing a huge number of products that people can produce. The fact that the products are virtual is what makes it relatively easy/affordable to actually do it; if we tried to provide real quarries and real goldmines and real ironmines and so on for people to mine real metal and stone in, and real forests for people to chop real wood in and so on it would cost a heck of a lot more to set up than the virtual mines forests and so on this method lets us set up to provide "productive" employment as in employment that creates "products".

-MarKM-

So like "The investors coin". This could become extremely popular once Bitcoin becomes a regular every day thing.
But bitcoin kinda fills this niche for now. lol

But it would be 100,000x better if there were altcoin companies popping up for this purpose, instead of existing companies having to invest (and give away) more in bitcoin just to pay other people on a regular basis.

Depends on the purpose of the coin.

Ex:
Devcoin makes the world a better place because it supports the creation of writing, art and even space travel one day.
http://www.devtome.com/doku.php?id=devcoin_bounty

What does your favorite altcoin do/work towards?

I think YOU are the one with the confused understandings.

CGB has PoS coin generation to take over as PoW generation is reduced. Check it out
http://cryptogenicbullion.org/#about

Well any business that sells its goods or services in cryptocoins could offer its employees their pay in such coins. Maybe as more crypto millionaires arise there will be more lawn-mowing window-washing and so on jobs available paid in cryptocoins?


Seems likely. Presumably the idea is they will scrape up a few millibits or microbits shining shoes or mowing lawns or whatever then hold them a few years whereupon they will be rich.

-MarkM-

I don't follow.  Where does the real-world wealth come from?  What will those pull-up-by-their-own-bootstraps people be doing that makes the world a better place and makes them wealthier?

I suspect you might be confusing "money" with "wealth."

That is a good step in the right direction. Making it where you don't have to buy aggressive hardware to mine.

But there will be a massive market for non-mining individuals soon, and without an alternative to mining they will drop the idea of Bitcoin altogether.

Coins like Ixcoin, I0coin, Devcoin, Groupcoin, Fairbrix, Tenebrix, Coiledcoin, GeistGeld, BBQcoin and probably others have had some success using the approach outlined in http://www.devtome.com/doku.php?id=cpu_mining as a kind of "CPU mining" type of thing that does not require super hardware and which is not all that great for botnets either...

-MarkM-

Do they have alternative methods of earning? Like apart from mining?
I'm not trying to attack any coins, just suggesting that all the alt-coin communities consider these thoughts.

The Future of Funding & Promotions: Micro-Currency (company/charity/group based alt coins)
http://www.youtube.com/watch?v=RnJSbFu3xhM

Intro:Anyone that is new to the altcoin world, I just want to let you know that there are literally HUNDREDS of altcoins and they are all essentially just copies of Bitcoin. Not many are like this, with new structures that allow for growth outside of mining (which is a techy term for producing coins) and trade. Creating an economy outside of mining, sales and forex is unheard of outside of these new coins. Your company could be one of the first companies to make one of its own.

Altcoins will allow charities and organizations to OWN a currency that they control. You will not answer to us, it will be yours. All you need to make one is people from this website, or one of your friends that understands C++ coding needs to read this thread, then do a little more research on this website, then they can make one for you.

And to anyone new to the Bitcoin world, Bitcoins are worth $200 each (for now) and you can trade Altcoins for Bitcoins

Also, read this: https://bitcointalksearch.org/topic/when-will-bitcoin-reach-1000-328203

So, everyone is hearing or has heard about Bitcoins. The Silk Road is down, Bitpay is up and ATMs are actually being placed in the streets (at least one in Canada).

Pretty soon the only question left about Bitcoin will be "How do I get them?" and sure, the answer "You mine them or buy them" works for most people right now...

But what about when Bitcoin is being considered by people in poverty as a means to pull themselves up by their boot straps? What about when it is being talked about in every highschool in the country, and kids too young to work and not computer literate enough to mine want to get them?

The answer will be "Alt-coins". Altcoins are not the competition of Bitcoin, Altcoins are the future of Bitcoin. In the future altcoins will each have a "niche", so as to attract new people to Bitcoin, as well as support lifestyles of people who can not mine or buy the coins.

Devcoin and Tagcoin look promising. As Writing and Rewards are both great incentives, but what about the other coins? What value are they to someone who does not have the ability to mine?

Schools could use coins as booster promotions, by asking students to use their home computers to mine for coins that can be spent at the school. And the school can have a program where 25% of the coins are generated to a wallet for them. Then they make an altcoin thread and advertise it in the morning announcements. School funding problem SOLVED.

Or imagine if a mom and pop sandwich shop did the same. And offered sandwhiches for coins? They could not only boost local bitcoin interest, they would make money on a coin that they produced.

If anyone is wondering how to make a coin, you can email me at [email protected] and I will connect you with a developer. Or you can post in this thread and find someone just by asking.


and this is some pretty useful info as well, especially for schools and students.
http://www.reddit.com/r/Bitcoin/comments/1peyx7/holy_shit_this_changes_bitcoin/

What is Devtome and Devcoin? http://www.youtube.com/watch?v=XWsmx6JmqCc
How Do You Register An Account With Devtome? http://www.youtube.com/watch?v=6eMy2e2FEH4
How to submit a Devtome Article video: http://www.youtube.com/watch?v=wsM9BKo4lAk

EDIT:
So what we have so far (click a link to learn more about the coin, and even ask questions if you have them) :

1. Devcoin: https://bitcointalksearch.org/topic/dvcdevcoin-official-thread-moderated-233997 (Earned for writing, coding, art and more)
2. Tag Coin: https://bitcointalksearch.org/topic/ann-tagcoin-multi-token-wallet-and-trading-platform-317408 (Earned for community involvement and via rewards programs)
3. Spots: https://bitcointalksearch.org/topic/ann-spot-successful-fork-complete-on-coinpaymentsnetcryptsycoins-e-259764 (Basically "Cash4Gold", but you get coins)
4. Copper Bars: https://bitcointalksearch.org/topic/ann-cpr-copper-bars-scrypt-jane-gpu-efficiency-just-dropped-272170 (Another "Cash4Gold" coin)
5. CRYPTO-COIN JOBS: http://workforcrypto.com/ (Do Random Jobs for TIX or DVC Like Fiverr)
6. Earn Interest on Coins Deposited: https://mcxnow.com/exchange/DVC (Like an exchange and a bank mixed together)
7. Sex Coin: https://bitcointalksearch.org/topic/nsfw-official-sexcoin-thread-new-mandatory-upgrade-kgw-timewarp-attack-fix-252896 (Earn coins for reviewing porn, 21 and up only)
8. Game Coin: https://bitcointalksearch.org/topic/ann-gamecoin-gme-current-version-v0842-263600 (Says recently that they made a MineCraft server)