Would it be fair to say no one actually uses any of these alts... - page 3.

smokim87

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Quote from: bbc.reporter on November 24, 2016, 08:41:34 PM

Quote from: Shiroslullaby on November 24, 2016, 01:55:15 PM

99.99% of altcoins are just for trading.
98% of coins probably die off in the first year or two.
(I'm sure someone has the actual statistics.)

Most devs don't actually care about the coin for the long term, anyways.
They care about an ICO, or premine so they can dump on the exchange, take their profits and let the coin die off.

Some would say that all altcoins are based only on speculative value. They are called as "bitcoin maximalists" by the supporters of different altcoins but who can really blame the bitcoin maximalists? The development teams of almost all altcoins have scammed the community in different ways while pretending that the project their building will be the future. Some I give the benefit of the doubt like the developers of Monero. They are not a scam yet but the truth about them will come out in time. The same with Ethereum.

Why work 8 hours a day 5 days a week for a shit salary when you can start your own vaporware foundation and make millions doing little work?

bbc.reporter

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Quote from: Shiroslullaby on November 24, 2016, 01:55:15 PM

99.99% of altcoins are just for trading.
98% of coins probably die off in the first year or two.
(I'm sure someone has the actual statistics.)

Most devs don't actually care about the coin for the long term, anyways.
They care about an ICO, or premine so they can dump on the exchange, take their profits and let the coin die off.

Some would say that all altcoins are based only on speculative value. They are called as "bitcoin maximalists" by the supporters of different altcoins but who can really blame the bitcoin maximalists? The development teams of almost all altcoins have scammed the community in different ways while pretending that the project their building will be the future. Some I give the benefit of the doubt like the developers of Monero. They are not a scam yet but the truth about them will come out in time. The same with Ethereum.

fortunecrypto

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Some have uses in fact some altcoins has their own merchant stores like Doge,Ethereum and litecoin but majority of them are just for trading purposes,and clone of existing coins,but there are profit to be made trading these altcoins.

alyssa85

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Some alts are developing commercial systems around them. You can earning steem by writing on steemit. And you can buy and sell things using steem on peerhub:

https://www.peerhub.com/

The Sceptical Chymist

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Top Crypto Casino

Which ones are you talking about specifically? Regardless, you're right. No one spends them, but that doesn't necessarily mean they're useless, and it certainly doesn't imply that they don't have value. The bigger ones do, most are headed for the Yobit graveyard though.

audaciousbeing

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Quote from: Shiroslullaby on November 24, 2016, 01:55:15 PM

99.99% of altcoins are just for trading.
98% of coins probably die off in the first year or two.
(I'm sure someone has the actual statistics.)

Most devs don't actually care about the coin for the long term, anyways.
They care about an ICO, or premine so they can dump on the exchange, take their profits and let the coin die off.

I agree with this position as most of the developers are only interested in the money that will come from ICO after the initial hype, then it dies off also most of them dont give it necessary support to the coin if anyone is still existing after the time frame you stated and later they will say they want to replace Bitcoin. Is that how it is done? I won't be surprised if the ones we are having now can't even stay that long.

European Central Bank

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Quote from: nextgencoin on November 24, 2016, 01:46:40 PM

I honestly don't believe anyone actually uses any of these alt coins. Covals main focus is instead of hype to get real usage and admittedly that usage is zero so far. So seriously is anyone actually using any of these platforms. I highly doubt it which means the whole thing is bullshit speculation and likely to crash.

effectively nothing's being used. but i don't believe a crash is imminent. i think everyone implicitly knows it's all bullshit and empty hype. there'll always the be desire for a pump. that desire might move to new coins but it's not going anywhere.

Sebastien256

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Nxt decentralized exchange is actually used by some business for profit sharing (since 2 years and a half now).
https://nxt.org/

That the best alt around imo.
You can check all the changelog here:
https://nxtforum.org/nrs-releases/

Nxt is strongly support by the core devs.

It is actually Nxt third birthday today.

NorrisK

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Yeah, most of the altcoins are and will never be used for anything else than speculation.

Those coins include mainly copycat coins, which never added anything to the mix other than a lot of hype and promises.

There are also quite a few promising projects with real world potential.

TrueAnon

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^^ true .

WBB (new name soon) will be being used by major insurance co's in the coming weeks, so that's good at least! Cool

Carpeaux

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some casinos accept some of them

but most coins aren't accepted anywhere

Shiroslullaby

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99.99% of altcoins are just for trading.
98% of coins probably die off in the first year or two.
(I'm sure someone has the actual statistics.)

Most devs don't actually care about the coin for the long term, anyways.
They care about an ICO, or premine so they can dump on the exchange, take their profits and let the coin die off.

nextgencoin

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I honestly don't believe anyone actually uses any of these alt coins. Covals main focus is instead of hype to get real usage and admittedly that usage is zero so far. So seriously is anyone actually using any of these platforms. I highly doubt it which means the whole thing is bullshit speculation and likely to crash.

Topic: Would it be fair to say no one actually uses any of these alts... - page 3. (Read 2464 times)