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Topic: Wow, Alt-coins.... Game over - page 4. (Read 8315 times)

hero member
Activity: 630
Merit: 500
February 13, 2014, 06:12:57 PM
#70
Where is the line drawn then? Active developer, promoter, community members and places to spend a coin aren't enough? Should it also require an exchange be based using a currency in order to be legitimate? Committees, meetings and promotions planned and executed?

I would balk at only one point in your post... how did Franko get to be on your shortlist?

Franko is sadly one of those coins that would feel like putting down a lame horse that really gave it his all. From everything I have read it has been a pretty honest coin with a community of good crypto folks. But man a market cap of under 200k? Just aint gonna happen EVER and is taking up the time and passions of hundreds of devoted followers. Needs a bullet in the virtual head to spare the remaining few their drawn out death of a thousand orphaned blocks.

It doesn't really matter where you draw the line, just publish what the requirements are and if a coin drops below the line, pull the trigger and don't look back.



Except the orphan issue is dead... Gravity Well has been implemented... and new life is showing in Franko... no more big miners waiting to rape it, and no more dumpers... value has doubled since the change hit and several exchanges have taken notice and added the coin. While it may look like Franko is on that line, upon closer inspection you might see the dark horse that has done all the right things quietly, ready to make a mainstream push for broad adoption.

http://www.frankos.org/ take a look. I would say now, more than ever, Franko is fortifying itself for the future versus the rest of these failing coins.
sr. member
Activity: 420
Merit: 263
let's make a deal.
February 13, 2014, 06:11:41 PM
#69
I feel like all copy-cat coins should die already.
good point:  OP missed catcoin.
legendary
Activity: 1639
Merit: 1006
February 13, 2014, 05:56:57 PM
#68
Where is the line drawn then? Active developer, promoter, community members and places to spend a coin aren't enough? Should it also require an exchange be based using a currency in order to be legitimate? Committees, meetings and promotions planned and executed?

I would balk at only one point in your post... how did Franko get to be on your shortlist?

Franko is sadly one of those coins that would feel like putting down a lame horse that really gave it his all. From everything I have read it has been a pretty honest coin with a community of good crypto folks. But man a market cap of under 200k? Just aint gonna happen EVER and is taking up the time and passions of hundreds of devoted followers. Needs a bullet in the virtual head to spare the remaining few their drawn out death of a thousand orphaned blocks.

It doesn't really matter where you draw the line, just publish what the requirements are and if a coin drops below the line, pull the trigger and don't look back.

hero member
Activity: 630
Merit: 500
February 13, 2014, 05:39:39 PM
#67
Where is the line drawn then? Active developer, promoter, community members and places to spend a coin aren't enough? Should it also require an exchange be based using a currency in order to be legitimate? Committees, meetings and promotions planned and executed?

I would balk at only one point in your post... how did Franko get to be on your shortlist?
legendary
Activity: 1022
Merit: 1000
February 13, 2014, 04:55:40 PM
#66
I never used the term shitcoin and I actually tried to be respectful. The executioner idea is more about being painless and helping people say farewell to their failed attachment to dead coins. Each time a coin is pumped and dumped a family is losing their savings, that is how i feel about it.

This is a key point and a problem with open source peer to peer cryptos, there is no one to pull the plug...
member
Activity: 84
Merit: 10
February 13, 2014, 04:53:25 PM
#65
legendary
Activity: 1639
Merit: 1006
February 13, 2014, 04:50:30 PM
#64
You are almost right. There is a but..

But,

No one has the right to decide who should die and who should live except the people. We cant be sure about what's really good for community and what's bad before the community test it.

I want to refer you to historical ages where women had no right to study or vote or even come out of house. In that age, all the people thought that if women has right to do those things, that would be sooo bad for social and community and even their families.

I DONT WANT TO justify these shitcoins, what i say is that please put aside your altcoin executioner, and let's see what will happen. For example, what if dogecoin change it's name/logo to something official and serious ?

All those altcoins will die, if whole people decide on that eventually.

I never used the term shitcoin and I actually tried to be respectful. The executioner idea is more about being painless and helping people say farewell to their failed attachment to dead coins. Each time a coin is pumped and dumped a family is losing their savings, that is how i feel about it.
sr. member
Activity: 490
Merit: 250
February 13, 2014, 04:42:18 PM
#63
You are almost right. There is a but..

But,

No one has the right to decide who should die and who should live except the people. We cant be sure about what's really good for community and what's bad before the community test it.

I want to refer you to historical ages where women had no right to study or vote or even come out of house. In that age, all the people thought that if women has right to do those things, that would be sooo bad for social and community and even their families.

I DONT WANT TO justify these shitcoins, what i say is that please put aside your altcoin executioner, and let's see what will happen. For example, what if dogecoin change it's name/logo to something official and serious ?

All those altcoins will die, if whole people decide on that eventually.
member
Activity: 65
Merit: 10
All hope has died
February 13, 2014, 01:50:04 PM
#62
hero member
Activity: 874
Merit: 1000
February 13, 2014, 12:30:01 PM
#61
sr. member
Activity: 469
Merit: 250
English Motherfucker do you speak it ?
February 13, 2014, 12:08:44 PM
#60
It's funny how everyone is hating on dogecoin, did people do this on the early phases of litecoin too?

Yes
member
Activity: 112
Merit: 10
Such is life in crypto paradise
February 13, 2014, 11:52:14 AM
#59
This is a great post, thanks!  I agree that most alt coins will wind up in the dustbin of history.  It is too bad there is no way to just shut them down.  Maybe if coinmarket cap will limit the number of coins it lists to 100 or something that will be a de facto sign of demise.

I Agree. coinmarketcap.com should only list coins that have a marketcap over 1 million, or top 100 coins with biggest marketcaps. That way the list would be a lot less bloated.
newbie
Activity: 15
Merit: 0
February 13, 2014, 11:44:00 AM
#58
Altcoins are effectively the 'marketplace of ideas' where new concepts and challenges of launching, sustaining and managing a cryptocurrency are being experimented with. In the early phases, there were very few ideas about how a Bitcoin-alike should function -- now you have many different variants, with hopefully more to come that provide true differentiation.

Are there too many 'junk coins'? Sure, because so many are nothing more than 'another coin with a different name' or a venal attempt to cash in on the crypto-craze with a quickie pump-and-dump. But many of them bring innovation and test different theories of virtual currency economics. Look at the success of DOGE as an example -- it started effectively as a 'joke' but is continuing as a 'serious' crypto. Directly copying that, however, as CAT and KITTEH have attempted to do isn't going repeat DOGE's charm or success (sorry cat-fanciers!)  because the community supporting it sprung up organically via Reddit and supported the coin without a concerted effort to do so. But analysing why it has succeeded thus far is a good way to consider how to launch other cryptos, or how to improve current ones.

Or consider HunterCoin, another interesting 'proof of concept' which brings something entirely new to the table -- a coin with a built-in game and economic engine.

the tl;dr: some altcoins may be bad; but many are useful, even if not successful.
sr. member
Activity: 392
Merit: 250
February 13, 2014, 11:43:34 AM
#57
Its been Game Over for quite a while with all the premined scamming clone coins.

But as long as there are Noobs buying off the scamming Devs, Miners and Exchanges, expect more of the same as we hit Alt Coin # 300+.

From an  investment standpoint, I have to admit I do not mind seeing the premined pump-and-dump Worldcoins Quarkcoins, Megacoins,
Earthcoins, Kittehcoins etc, totally pollute and hijack that Crypto Market Cap List.

For ultimately, these worthless crap coins make the original Alts like Litecoins and Peercoins stand out as THE legitimate and serious
and innovative cryptos, after Bitcoin.

So to all you brainless Devs who bring absolutely no innovation to a premined/instamined coin, and to all those pre-teen Miners living in Moms
basement and to all the Crappy 3rd-tier exchanges happily adding HerpesCoin... I happily say to you all "Keep up the Good Work!!!"
member
Activity: 84
Merit: 10
February 13, 2014, 11:35:26 AM
#56
It's funny how everyone is hating on dogecoin, did people do this on the early phases of litecoin too?

Dogecoin is amazing if you consider how many new people it has brought into cryptos. The reddit community is one of the friendliest and biggest ever. They are going to surpass r/bitcoin in a couple of months easily.

I'm just gonna lay back and laugh at the haters once dogecoin surpasses litecoin in market value.

uhhhhhh Litecoin was the first scrypt based coin.. none other existed to hate on.
In contrast i posted July 13th 2013 in this forum a joke coin i never actually made called BunnyCoin = https://bitcointalksearch.org/topic/m.2753177
What is funny is the description i used 8 months back is the same as what Doge coin is !
and the fact that it was such a common on goin *aggravating issue a year ago should tell ya something.. if not people are brain dead blind delusional Doge Tards..

and OP your on the money i think.. i agree !

these other guys (or girls) mouthing you off are spreading the usual crap.. ohhh your just jealous or your so mad lol
ya ya heard them all before.. changes nothing.
Your crappy shit scam coin clone is still a crappy shitty little scam coin clone.

Don't like the complaints ? Then quit making them and quit supporting them and quit begging for pools and quit asking for them to be added to exchanges.

Closest thing i think that match's what you asked for would be BCX maybe ? he has taken some coins to their knee's lol

But what we need to do is hunt down the coin cloners and beat their ass.. that might help  Grin
I hope to god all fanboys of Doge coin etc lose all their money.. they deserve it.

and my fav is hey don't take it too seriously after all it's just money.. and the threat of jail time etc etc LOLOL
tell that to the guys arrested by the FBI from LocalBitcoins in Florida last week or the many people who have lost vast amounts of money.
Every time some coin cloner said that to me before as his excuse why he made a shit coin i wanted to punch him the fucking face hahaha
*butthurt intensifies*
legendary
Activity: 1639
Merit: 1006
February 13, 2014, 11:31:53 AM
#55
Poor Johnny knows nothing about economics .

Oh well.

Johnny put your money where your mouth is what are you investing in tell the good people what a good investment looks like in Johnnys mind ?

* hey I'm bored ?

A good investment has these qualities:

1. Makes you feel warm and fuzzy as you think about your asset sitting wherever you have placed it for protection
2. Is something that you worked extremely hard to obtain
3. Will have value to you that is guaranteed to increase every minute of every day
4. Gives back to you 100 times more than you ever put into it

Yes, it is so clear to me now, my wife and my kids are the best investment..... Wink

legendary
Activity: 2212
Merit: 1199
February 13, 2014, 11:24:20 AM
#54
Poor Johnny knows nothing about economics .

Oh well.

Johnny put your money where your mouth is what are you investing in tell the good people what a good investment looks like in Johnnys mind ?


* hey I'm bored ?

His name is not Johnny - he want Johnny to be dead Smiley
newbie
Activity: 19
Merit: 0
February 13, 2014, 11:15:48 AM
#53
Very good work
legendary
Activity: 1639
Merit: 1006
February 13, 2014, 11:13:50 AM
#52
@DieJohnny You haven't been around very long have you?

I am a wise sage from another dimension and have the power of foresight gifted to me by time endless when compared to the satoshi moment of your earth life
sr. member
Activity: 266
Merit: 250
February 13, 2014, 10:57:35 AM
#51
Nothing will be Betacoin....
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