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Topic: Why so much hate for new coins? (Read 1560 times)

hero member
Activity: 868
Merit: 1000
February 05, 2014, 09:24:40 AM
#30
Because most of the alt-coins are just clones.

for every bitcoin you earn buy her some chocolate, then she'll be cheering for you to earn bitcoins Cheesy

This strategy works lol. Cheesy
newbie
Activity: 16
Merit: 0
February 04, 2014, 09:24:17 AM
#29
They are just copies that why so much hate give love to 2 generation coins like nxt, emunie etc.
full member
Activity: 140
Merit: 100
January 27, 2014, 03:41:16 PM
#28
for every bitcoin you earn buy her some chocolate, then she'll be cheering for you to earn bitcoins Cheesy

That's very good.  Cheesy
full member
Activity: 196
Merit: 101
January 19, 2014, 04:36:22 PM
#27
for every bitcoin you earn buy her some chocolate, then she'll be cheering for you to earn bitcoins Cheesy
sr. member
Activity: 248
Merit: 250
January 19, 2014, 04:32:47 PM
#26
i love bitcoin Grin
full member
Activity: 224
Merit: 100
January 19, 2014, 08:23:19 AM
#25
followers of other coins hate a lot on new coins especially when they get immediate success like doge. but it does bring new people to the cryptocurrency scene.
sr. member
Activity: 434
Merit: 250
January 17, 2014, 06:30:12 AM
#24
It's people who lost money to scamcoins/people who pray to bitcoin as it would be god and refuse any other cryptocurrency.
Or it may be cuz of premine etc...
legendary
Activity: 1232
Merit: 1195
January 17, 2014, 06:04:59 AM
#23
Hate stems from feeling threatened by something different. Just being dissimilar in race, gender, religion or sexual preference is enough to fan the flames of hatred in many people. Why should the world of cryptocurrencies be any different?  Huh

Please tell me you didn't just compare crapcoins to racism and sexism?
full member
Activity: 190
Merit: 100
January 17, 2014, 05:20:23 AM
#22
My guess is that the people who are most butt hurt are those who have lost money in previous pump-and-dump coins

This. I guess most have to learn the hard way, despite the warnings here...
newbie
Activity: 32
Merit: 0
January 17, 2014, 04:32:29 AM
#21
Hate stems from feeling threatened by something different. Just being dissimilar in race, gender, religion or sexual preference is enough to fan the flames of hatred in many people. Why should the world of cryptocurrencies be any different?  Huh
newbie
Activity: 52
Merit: 0
January 17, 2014, 03:39:13 AM
#20
I think people dislike them since they seem like copies of the successful Bitcoin, or they don't bring anything useful to the market. However, I think many alternate cryptocurrencies could prove to be useful in the future.
newbie
Activity: 7
Merit: 0
January 16, 2014, 08:31:22 AM
#19
People hate them because they are just clones from other coins.
But still people can make huge profit with mining these new coins.
hero member
Activity: 630
Merit: 500
January 16, 2014, 08:28:22 AM
#18
My guess is that the people who are most butt hurt are those who have lost money in previous pump-and-dump coins (or failed to get rich overnight when they chose the wrong one), or that feel that their bitcoin wealth is threatened by the prevalence of altcoins in general.

Ah, that's a tricky reply and a false generalization. I think most people never put any money in alt coins or feel threatened by it. They are just saying that they are bad clones or pump-and-dump schemes (which most of them are), taking resources away from alt coins which are really different, and are annoying people who see it everyday over and over again.

This is how I feel. The coins are just ridiculous gimmicks now and the names and users are moronic most of the time. Hurr der derp weedcoin is goin to da moon. Shut up.

All that says to me, is that you and BlockChainLottery are NOT in the 'most butt hurt' category.
full member
Activity: 140
Merit: 100
January 16, 2014, 08:17:35 AM
#17
Thanks everyone for the answers. After reading some of them I started to understand better why some new coins may look suspicious/annoying and may provoke anger.

It's still thought provoking to me how a few technical speculations can rile up the emotions, though.
hero member
Activity: 490
Merit: 500
January 16, 2014, 08:05:53 AM
#16
because that there is a sense that new coins trivialise the whole crypto space at a time that it is vying for mainstream attention
and some penis envy I am sure
member
Activity: 65
Merit: 10
January 16, 2014, 07:56:05 AM
#15
The proof of work has benefits outside of the workings of the currency itself,
Can you point me in the direction of something that expands on these benefits?

XPM has problems. It's currently only possible (or more accurately, profitable) to mine on CPUs which makes it attractive to botnets to a far greater extent than scrypt
I see your point, however, perversely as it may seem, the fact that people have it and use it may add to its chances of success. Botnet owners may be less likely to pump and dump because it affects the price tomorrow and so is not in there medium term interests (if they are still mining the same coin). I'm not saying Botnets are a good thing but people interested in the price they can sell tomorrow are.

It seems like the real issue is that new coins get hosed by the "Eye of Sauron" multipools and then dumped into something "safer" like litecoin or bitcoin. This has an obviously negative impact on the currencies and will presumably lead to investor interest drying up eventually; how many times are you going to gamble a few BTC on a new currency only to watch it get gobbled up and dumped by the pools?

Good point, which is why any new function the coin brings gives the coin more chance of success. If its useful, you hang on to it, so no dumping just pumping:) .
hero member
Activity: 980
Merit: 500
FREE $50 BONUS - STAKE - [click signature]
January 16, 2014, 07:42:51 AM
#14

On a sidenote, any advice on how to calm the gf? Smiley

Cheers,
coolisbad

Make-up sex helps every time. Smiley Easier than actually deal with problems.

Calming camomile or mint tea, if sex is out of the picture.
legendary
Activity: 1232
Merit: 1195
January 16, 2014, 07:37:11 AM
#13
My guess is that the people who are most butt hurt are those who have lost money in previous pump-and-dump coins (or failed to get rich overnight when they chose the wrong one), or that feel that their bitcoin wealth is threatened by the prevalence of altcoins in general.

Ah, that's a tricky reply and a false generalization. I think most people never put any money in alt coins or feel threatened by it. They are just saying that they are bad clones or pump-and-dump schemes (which most of them are), taking resources away from alt coins which are really different, and are annoying people who see it everyday over and over again.

This is how I feel. The coins are just ridiculous gimmicks now and the names and users are moronic most of the time. Hurr der derp weedcoin is goin to da moon. Shut up.
sr. member
Activity: 332
Merit: 250
AwesomeDice.net
January 16, 2014, 07:34:00 AM
#12
My guess is that the people who are most butt hurt are those who have lost money in previous pump-and-dump coins (or failed to get rich overnight when they chose the wrong one), or that feel that their bitcoin wealth is threatened by the prevalence of altcoins in general.

Ah, that's a tricky reply and a false generalization. I think most people never put any money in alt coins or feel threatened by it. They are just saying that they are bad clones or pump-and-dump schemes (which most of them are), taking resources away from alt coins which are really different, and are annoying people who see it everyday over and over again.
hero member
Activity: 980
Merit: 500
FREE $50 BONUS - STAKE - [click signature]
January 16, 2014, 07:32:57 AM
#11
Because it's diluting investment in primary coins. Because it's diluting people attention. Also when it's something obviously retarded - then it's simply annoying.

The train of though "If there's a new coin, everyone will invest, and it will grow, so I should invest" should finally stop.

There are gambling sites for that matter. Do not remember the correct term, but it was something like a chest game or something.
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