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Topic: Why there is so many altcoins? - page 2. (Read 2351 times)

newbie
Activity: 56
Merit: 0
March 10, 2014, 01:28:32 AM
#24
If an exchange lists every scam that comes along it is blatantly obvious it is a scam-exchange and should be avoided.

Exchanges list coins based on trading price and volume. As previous poster stated, Goldcoin is the one keep eye on. Once its listed on BTC-e the price is going to moon. I see the coins developer is being called the next Satoshi on reddit.
legendary
Activity: 2940
Merit: 1090
March 09, 2014, 11:46:12 PM
#23
So simply by not using such scam-exchanges people can avoid most of the scams.

If a coin doesn't show up on a reputable exchange there is probably a good reason.

If an exchange lists every scam that comes along it is blatantly obvious it is a scam-exchange and should be avoided.

Pretty simple for the most part.

Except that sometimes some pretty crappy coins do somehow get onto a reputable exchange, maybe such exchanges should be more aggressive about dropping coins that have insanely low hash rates for example since such coins are just 51+% attacks waiting to happen.

(For example all scrypt coins other than maybe - just maybe - either Litecoin or DOGE. Though realistically it is probably best to assume both of them are too insecure also.)

-MarkM-
sr. member
Activity: 399
Merit: 257
March 09, 2014, 11:37:26 PM
#22
As long as crypto exchanges are unregulated, this trend will continue. All it takes for a scammer/dumper to make money from a quick launch of a copypasta coin is an exchange willing to put up a pairing for it and the support of other dumpers with the same mindset.
hero member
Activity: 1191
Merit: 506
This is who we are.
March 09, 2014, 11:15:44 PM
#21
No worries here. Garabage is garbage and coins with real technical/technological inovations will survive.






I think most realize the gravy train is ending.  Aside from eco-systems with real innovation such as Nxt, Etherium, Mastercoin, Bitshares etc... I would guess most will see worse returns on alts than they did the year before. I could be wrong.

NXT  SQL DATABASE coins distributed among 75 people, who are you kidding?

Mastercoin good luck no traction what so ever there people moved on, no need to elaborate.

Etherium, smart contracts where there is no judge or laws that can be effective, just another way to scam others, useless altcoins for indviduals for exchange, anon corporates just waiting for a slap from the USA will never see the light of day after that, dream on Etherium

Money is Money, it has been like this for thousands of years no technological innovation will change the game of who has more. You buy something you have less, you sell you have more money.
Check your bank account webpage it has been the same way since 1996 with all their resouces, because nothing further is necessary to keep the accounting.

That's all there is to it, so people should not over-fantasize about crypto and all that's involved with it.

Nothing will ever change that, crypto is just a better way to do the accounting.

Marinecoin
www.marinecoin.org

WOW RENAME THIS ONE ASAP- DOUCHE COIN
sr. member
Activity: 420
Merit: 250
March 09, 2014, 10:42:41 PM
#20
i think we can already see with "Magic Internet Money", that the completely useless coins will not be worth anything...

Accelerating the cycle of alternative currencies that are self proclaimed parody coins, or coins that serve absolutely no purpose will only make the useful coins become apparent quicker.

The more coins that are on the market, it makes it harder for coins to set themselves apart, and that will actually encourage innovation.


Really, the idea that we only need a few coins is a lazy way to look at things.

Are we going to stop using starbucks cards and target cards???

If there is an incentive to change currency, people will do it.  If there is an incentive NOT to change currency, people will not change.



member
Activity: 98
Merit: 10
March 09, 2014, 10:21:52 PM
#19
No worries here. Garabage is garbage and coins with real technical/technological inovations will survive.

True True. I can't wait to see the new Goldcoin java client... I hear it's gonna be awesome.
full member
Activity: 168
Merit: 100
March 09, 2014, 10:19:38 PM
#18
People are spreading the market too thin and it is going to hurt all cryptos in the long term. They want to get rich with new launches, but forget that they take away people to sell to through the creation of new cryptos.

That is exactly right, in fact, it's already going on. What is the point of all these coins? For it certainly is not in response to 'demand'. We're seeing too much supply, dwindling demand.

All these alt are just confusing and annoying and really, they just make the leaders like BTC and LTE stand out even more.

Yet, at some point, maybe soon, it will not be profitable to launch a new coin and they will drop like flies. Hopefully soon because until then, I'm moving my money elsewhere - likely into btc and lte exclusively.

The barriers to entry here are ridiculously low, I could make and launch a coin with $5 and a flip phone.
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
March 09, 2014, 10:06:00 PM
#17
legendary
Activity: 1316
Merit: 1014
ex uno plures
March 09, 2014, 09:11:29 PM
#16
The action is moving up the food chain to the infrastructure and application level.
full member
Activity: 673
Merit: 105
March 09, 2014, 08:22:52 PM
#15
No worries here. Garabage is garbage and coins with real technical/technological inovations will survive.






I think most realize the gravy train is ending.  Aside from eco-systems with real innovation such as Nxt, Etherium, Mastercoin, Bitshares etc... I would guess most will see worse returns on alts than they did the year before. I could be wrong.

NXT  SQL DATABASE coins distributed among 75 people, who are you kidding?

Mastercoin good luck no traction what so ever there people moved on, no need to elaborate.

Etherium, smart contracts where there is no judge or laws that can be effective, just another way to scam others, useless altcoins for indviduals for exchange, anon corporates just waiting for a slap from the USA will never see the light of day after that, dream on Etherium

Money is Money, it has been like this for thousands of years no technological innovation will change the game of who has more. You buy something you have less, you sell you have more money.
Check your bank account webpage it has been the same way since 1996 with all their resouces, because nothing further is necessary to keep the accounting.

That's all there is to it, so people should not over-fantasize about crypto and all that's involved with it.

Nothing will ever change that, crypto is just a better way to do the accounting.

Marinecoin
www.marinecoin.org
sr. member
Activity: 658
Merit: 250
March 09, 2014, 07:55:55 PM
#14

No different than different flavors of Linux coming out in the late 90s.
good comparison, red hat (etc) fanboy or ____ fanboy
member
Activity: 98
Merit: 10
March 09, 2014, 07:50:39 PM
#13
No worries here. Garabage is garbage and coins with real technical/technological inovations will survive.

Not so fast!

We will just copy paste multiple new forks with better marketing campaign and additional features as they become available.
Within days.
As long as it is open source, which has to be. There is no escape.

People forget that fact, like namecoin has no advantage or any other you got .bit we got .fit domain who's to say you can't.
this includes new algos or other future developments. It will also be challenging and fun project to get involved.

Marinecoin


I think most realize the gravy train is ending.  Aside from eco-systems with real innovation such as Nxt, Etherium, Mastercoin, Bitshares etc... I would guess most will see worse returns on alts than they did the year before. I could be wrong.
full member
Activity: 673
Merit: 105
March 09, 2014, 07:26:24 PM
#12
No worries here. Garabage is garbage and coins with real technical/technological inovations will survive.

Not so fast!

We will just copy paste multiple new forks with better marketing campaign and additional features as they become available.
Within days.
As long as it is open source, which has to be. There is no escape.

People forget that fact, like namecoin has no advantage or any other you got .bit we got .fit domain who's to say you can't.
this includes new algos or other future developments. It will also be challenging and fun project to get involved.

Marinecoin
newbie
Activity: 34
Merit: 0
March 09, 2014, 07:14:35 PM
#11
People are spreading the market too thin and it is going to hurt all cryptos in the long term. They want to get rich with new launches, but forget that they take away people to sell to through the creation of new cryptos.

No different than different flavors of Linux coming out in the late 90s.

It is different though. Most Linux Distros are free and therefore people could own multiple of them without any risk. In the crypto world that isn't the case. As an extension of that, getting new currency (while it's becoming easier) in the market is hard. The amount of money needed to flood the market to keep up with inflation is already astronomical when you consider all cryptos together. As a result of these two things 1) cryptos as a whole are less valuable and 2) Dollars in the market are more valuable.
hero member
Activity: 1008
Merit: 537
March 09, 2014, 07:14:22 PM
#10
No worries here. Garabage is garbage and coins with real technical/technological inovations will survive.
newbie
Activity: 12
Merit: 0
March 09, 2014, 07:10:11 PM
#9
market saturation.
full member
Activity: 673
Merit: 105
March 09, 2014, 07:04:31 PM
#8
Just to make some things clear about the misconceptions

There is no intention to make money $ USD in this project, its done at a big financial loss,

but it will prove Marinecoin's theory right about all crypto currencies are ONE, as a whole,
a digital ocean of crypto currencies price based on average electricity cost to hash the ledger.

It will prove that crypto currecy price should equal out at some point,
and become one mega exchange network called the Maritime Crypto Exchange MTC

We hope to speed things up to reach Marinecoin's goal faster. by dominating the altcoin development this will happen much quicker.

Marinecoin
member
Activity: 98
Merit: 10
March 09, 2014, 06:46:41 PM
#7
People are spreading the market too thin and it is going to hurt all cryptos in the long term. They want to get rich with new launches, but forget that they take away people to sell to through the creation of new cryptos.

No different than different flavors of Linux coming out in the late 90s.
member
Activity: 98
Merit: 10
March 09, 2014, 06:41:46 PM
#6
Just take a look at any altcoin launch calendar. Every day we have several brand new altcoins launched. The majority of them has nothing new at all except for new logo.
Why this is happen? What is the purpose of their developers? There is no chance to premine nowadays, so how investors / devs are planning to make their money?
And what will happen with all of these when some time will pass? It reminds me adjacent space full of flying garbage.

$
newbie
Activity: 34
Merit: 0
March 09, 2014, 06:32:38 PM
#5
People are spreading the market too thin and it is going to hurt all cryptos in the long term. They want to get rich with new launches, but forget that they take away people to sell to through the creation of new cryptos.
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