Bitcoin Forum

With us all so fragmented we go nowhere fast.
Can the Altcoin scene band together to support 1 project.
with one simple goal.. an open source digital currency that is used by billions of users.
Facebook had broke the 1 billion users logged in record recently.
I want to see a digital currency get that level of public adoption.
And i say that knowing most likely i will not make money off of it..
i have nothing to gain by that, i just want to see it happen in my life time.
and..
I'd REALLY like to see us make something open source adopted on a grand scale vs a closed source big company project.
I have long worried we better get moving on this before the big guys swoop in.
they could unleash a Facebook coin or what ever.. anytime !
and it's all about momentum.. if the majority of the world dive on it ?
All you guys loitering around here pushing your Monero or NXT or what ever will bail & dump in a heartbeat !

Do we have it in us ?
Or are we doomed to waffle around divided going for each others throats while big companies research depts. prepare to unveil a new coin ?

Think about it guys.. we really need to be on the same page here and supporting each other.
And that may mean supporting the competitions coin etc.
Can we get focused ?

Think of it this way guys.. a fight for open source + digital currency.
and we are the weak guy in the ring (we need all the supporters we can get)
Big companies like Microsoft or the Google's out there have massive resources etc.

I have come here endlessly trying to shed some light on what i think might happen and so far that has played out..
the next step is not a good one guys and we are all running out of time !

If mark would make a coin and call it Fbcoin and have it distributed to its user, that would be the fastest mass adoption of an altcoin in a century.

^ LOL.

Anyway, I would like for something like OP said to happen, but I'm still hopeful that the scene will evolve on it's own and become a better ecosystem somehow.

edit:  I know OP isn't the only one who's starting to think about it, I do too.  And for sure many people in the community are as well...  I guess it's evolving.

Well......I agree with Mr Spotty Knickers, though we may disagree on the details.
Crypto-currency was meant to be for everyone, free and open, not locked away under control of a corporation.

Problem is, people are greedy. they see those fat profits that a handful of people made on BTC (or NXT :o) and they want the same.
So the smarter ones set up tightly controlled corporate projects, and the dumb ones run scams.
No-one seems to bother to stop and think for a minute about why they are going to all this effort........just buying into and holding (or working on) any current honest stable crypto project will make enough long term profit to make most people happy, and will drive adoption a lot more effectively than in-fighting.

Its not going to happen. Take linux, for example? Why there cant be one linux distribution that everyone uses? Why there hundreds of them? Do linux cominuty really need satanic ubuntu edition,  muslim ubuntu, or what about red star os (i.e. north korean linux)?

They are created because people can. Its open sourced after all. Also no one size to fit them all.

The same with crypto coins. People want different things. There is no one coin to be able to fill all possible use cases. Some want transparency, other want anonimity. Some want fast confirmation times, others dont. etc...

things are stable lately, no more emotional rollercoasters, the adoption rate is sufficient

.

The problem is that there was never much of a real market for alt coins to begin with.  Even legitimate projects are struggling right now.  Scams and shit coins are dying, that is for sure.  It used to be : mine random shitcoin of the day, wait for bittrex pump, dump, profit, rinse, repeat.  Those days are long gone.

We just need more time for the cream of the crop to rise and legitimate coins to develop further.  Competition is a good thing and labeling a handful of coins "BitCoinTalk Alt-Coin Community Approved!" is diametrically opposed to the ideas that led to Bitcoin's creation in the first place.

If alts never find a market, legitimate projects never succeed, and the alt-scene remains a cesspool of pump and dumps, then the alt-scene deserves to die.  Give it time, the free market will sort it all out.

I'm afraid 10000 nicks here will be only a few hundred real people in the outside world :). Are you sure that will be enough for making the "big leap"? Also I can hardly imagine that fanboys going to giving up their precious bags and join something else. Anyway some sort of coherent effort for a widely accepted coin or group of coins would be something good to see.

Ya snail that is a big issue.. Those bag clutchers LOL
I appreciate the replies I like reading them all.
About linux though I'd say Ubuntu itself is above Satanic Ubuntu etc..
I seen Sheldon name drop the distribution on the TV show The Big Bang Theory
So that guys point earlier failed.. At least that example / analogy.

Spoeterman goes to altcoin Hell:

http://www.youtube.com/watch?v=F5jNQBK6UlU

don't forget we got guys like EvilDave who i believe supports NXT
i don"t like NXT but i appreciate it seems like they are trying to make a currency (not a pump/dump clone)
we disagree on somethings but still manage to get along.. my main gripe is NXT's initial distribution methods.
he also would be considered one of those "Bag clutchers" snail was talking about..
but i think he has his motivations in a far better place than a lot of guys around here.
for example topics on Pump groups.
Do you guys really think trying to artificially pump (and dump) a coin is helpful ? ..at all ?

It's easy to forget that there is people in the scene who couldn't care less about crypto.
They simply want to make money and what they have to do to accomplish that doesn't matter to them.
Another example (#3) Take my brother for example.. i gave him 1 Bitcoin back when it was worth about $965 usd
he wanted to know how i made money doing it etc and i directed him to some exchanges and gave him the basics.
While chatting he said f**ck bitcoin i just want to make money.. while we talked.
he didn't care in the slightest about any of this crypto stuff or if his actions were bad for crypto..
as long as he could make some money on this stuff then screw it who cares was the attitude.
i was familiar with that attitude.. come to bitcointalk forums and that is what you see (usually by peoples actions)

point ? I will recap..
there is different types of guys here among us.
often i end up having a crypto supporter coming after me for criticizing a coin.
but i say to them look around.. do see me harping and singling out Monero or NXT or NEM or what ever ?
I try and ease off the guys who seem like their trying with good intentions.. in an effort to get along for the sake of crypto.
Me an EvilDave are cool because i think we share a lot of the same views.
Many of us care about crypto, but not all of us.

Lastly people were talking about can an Altcoin replace Bitcoin ?
I would say if it's going to happen we have to get more focused and TRY to be more supportive.
Maybe not on just 1 coin but a few of the best ones and we may have to swallow a bitter pill to get this process happening.
It's not going to happen over night i think if you look at whats been going on last few years.
We are moving at a snails pace with adoption and focus far too much energy flipping coins on exchanges with a handful of guys
when we should be spending that energy bringing in the whole entire world (into crypto)
For example (#4) seeing ANOTHER Monero topic ? one of them has almost 500 pages..
imagine what the guys trying to flog their coin could accomplish if they quit preaching to the choir
and left this forum and tried to draw in new users from the general public (vs harping on the handful of guys here that haven't left yet)

I see a lot of stupid behavior from people who strut around trying to come off like their smart.

I have said lots what is going on is self destructive (to crypto) behavior for peanuts (chump change)
If we had genuine sincere goals for crypto and followed up on that we would realize far grander profits than pennies at Cryptsy or Bittrex right now.

"Fuck Bitcoin, I want to make money."

^ That is such a dumb comment from an idiot.  Comment should be "Go cryptocurrencies, so we could make lots of money."

The success of the whole scene (minus the scams, P&D's) is good for everybody longterm at different levels, not just profit.

 ::)

money talks meme.jpeg

I hate to break it to you guys, but "digital money" is not new...
M-Pesa was introduced in 2007... and today M-Pesa transfers comprise 50% of Kenya's GDP.

That's right, no one should be surprised...
These are the people that invented interracial sex and took over the White House, by the way.

https://en.wikipedia.org/wiki/M-Pesa

The Cryprocurrency Game is not a solution for any actual problem...
Bitcoin or Alts are not a "solution" for anyone with some credit cards and a PayPal account.

https://cryptosigma.wordpress.com/2015/07/05/cryptosigma-rebrands-as-toast/

Not to mention people are creeped out by geeks. The hipsters have moved on.

Both the US stock market and the US Dollar are at (or very near) all time highs...
It's the "hard commodities" like oil that have crashed, not fiat....
People telling you fiat system will collapse are propagandists (Zero Hedge), permabears (usual suspects) or scammers (gold/crypto promoters).

tl:dr

Blockchain based cryptocurrency is a Zero Sum Game like most gambling incarnations...
The entire point is to transfer wealth from the Bottom 98% to the Top 2%.

Most functioning adults learn to stay away from gambling/speculation in their 20s or 30s.

rolf. except that bitcoin is blowing up globally..... not main stream but getting there.


i mean there is a corner store who i keep asking to accept credit cards for over a decay and they have no because of the fees. Soon enough , once bitcoin is easily re-filled(as in i can buy it back easily) any corner store would simple just put a "bitcoin accepted here" sing and boom, a credit accepting store.

now imagine this online. Imagine all the possible little pops store all over the corners of world having the opportunity to have a cheap electronic payment process.  


also: remittance problems. M-pesa is nice but how much would you loose in fees before it reaches your wallet?

we already have it and it's call bitcoin

Stan Larimer ? eh ?
sounds to me like he heard about this stuff downloaded Github.zip then made some changes..
then went and told Forbes that he created some grand thing.. i believe that was Satoshi (few others have ponied up such revolutionary code)
And it seems in that link posted earlier Forbes ate it up naively.

We have it ? called Bitcoin ?
I agree with that i guess but some issues will have to be addressed with that eventually and chiefly advertising / adoption.
(will an Altcoin beat Bitcoin to that goal ?)

Zero Sum i agree with what your saying too about Crypto not a solution to a real problem etc.
I too have thought many times we have Paypal etc etc.
BUT !
The big difference is we seem to need a digital currency that can be traded as a commodity publicly.. Like on the NY stock exchange etc.
So i'd say there is a niche for something like that but it has to be stable, safe and scalable over time.

I wouldn't say i am very smart in any one area but i like to share insights i have and i encourage others to share theirs.
I also reserve the right to say i was dumb and change my mind on something later LOL (if someone posts a better idea etc)

If the only purpose of cryptocoins is to be traded on an exchange than having multiple cryptocoins is better than having one.

Some coins have their own way to try reach the real world and get out of the zero sum game. If you think like that there is no competition between cryptos: the fight is against other forces.

You lead the charge Spoetnik.

Maybe have a poll on which coin is best for us to back?  Wait. That won't work. No one will want to buy other's bags.

How about a brand new coin we can all get behind? Wait. Already been done. Didn't we have bitcointalk coin already? Where did it go?

Herding cats is going to be easier than getting consensus here but I applaud your sentiment.

who said only ?

notice the part where i post 10 times a day here for years on end these should be used as intended.. as a CURRENCY !
Not sure how you missed that part when it's shouted so damn loudly non stop ahahha

I think some very interesting technologies have come out of the altcoin scene, and it's as good as we could have expected. I think what disappoints most is that they failed to "get rich quick", but it is that very mentality that plagues these boards, and that plagues the altcoin scene. It's killed off many coins, although the argument could perhaps be made that those coins that were innovative enough were able to ride the wave of the penny-stock pump-and-dump mentality and the singular gimmicks of bitcoin clones that are now since forgotten.

People have also grown tired of being fed each other's bullshit over buying into their bags. It's the same mentality of penny-stocks, and for every winner, there's a loser. If you want to play that game, then you're not investing in the future of cryptocurrency. You're short-term gambling.

Services and/or innovation, not gimmicks and shiny PR stunts designed to sucker in investors. This game has been long played out on the stock markets, and now the market has become saturated with altcoins. I think it's gone as well as could have been expected, really.

No altcoin is going to take Bitcoin's crown any time soon, not unless the coin suffers enough spectacular failure. Then any of the top altcoins could end up taking its place.

i have watched and warned everyone what is going to happen as we went from a small user base in the scene
right up to Bitcoin exploding to the inevitable down fall.. warning people of their actions and the repercussions.
and i think it's finally kicked them in the face (wallet) look around.. the scene is largely dead.

not sure i got all the answers but shooting yourself in the foot non stop forever is sure as hell not the answer.

problem is people want to make money.
and you guys where do you think that money comes from ?
your profit bragging is someone else's lack of money to pay rent or eat. ..but who cares right ?
as long as i make money..
well the problem with that is people get burned and walk away.. leaving crypto.
they wouldn't if they had confidence in the investment and seen it as such.
we would have happy bag holders with a positive outlook for the future.
people who think their investment will pay off in the future.

instead what we have here is irresponsible kids with money..
people who think if you invest in a scammy ponzi clone coin is fine.. because you will be able to dump and run with a profit in time.
my key point here is if you guys invest in scammy IPO stunt and you KNOW it's probably just another P&D heap off crap
then when the coin tanks and you get nervous your going to dump and prob for a loss.. leaving the super vulnerable and naive holding the bag.
the root off the problem is guys investing in stupid scammy IPO stunts knowing damn well they are all bs.
you buy into them (to make money) then your supporting them.
and what happens if things go bad ?
it's bad investment and this is precisely what happened in the housing crash of 2008 that rippled through financial markets across the globe.
the root of it all was hollow investments..
putting money in something that has no real value !
why ?
GREED. $$$

Either you guys get smart or game over.
I don't have to lecture people on being an idiot or not.
Wanna invest your money with a shady crack head in the hopes of making large investments then suffer the consequences.
When common sense tells ya invest in something that shows potential for growth in a natural and safe way.
then you won't be crapping your pants when your left holding $10,000 in Doge coin or something LOL

people need to stop being greedy little idiots and if they don't then feel the fire kidiots !
look around you.. this place has a shrinking user base.
I have known people who "got into Bitcoin" i met on the street.. 100% of them said the tried it out and quit.. LONG AGO !
they came and they left guys.. wake up.
and ask why..

Fair distributed Cryptocurrency is a solution to massive fiat worldwide scam. The most important thing about Bitcoin is the way it is issued.

Yes, and the majority of coin developers have prayed upon this and the success of bitcoin to make more bitcoin. Sometimes I think some people have become such shills they've actually started to believe their own rhetoric. Well of course your coin is going to be the next big thing. You're holding it.

Perhaps if more people were collectively focussed on creating a better cryptocurrency than primarily trying to line their own pockets, we'd be in a very different position, but when it comes to wealth, greeds always wins out.

Which is not to say that good things cannot be born of greed. Flowers grow in manure, after all.

Nothing like the world of altcoins to rid you of any illusions you had about human nature.

We're 100% stabilizing. :)

https://c1.staticflickr.com/3/2426/3617342933_7b337e942a.jpg

The crypto cream will rise to the top over the next few years and the lightweights will be blown away like dust in the wind (https://www.youtube.com/watch?v=tH2w6Oxx0kQ). Then, after the great consolidation, venture capital will begin flowing into the remaining stable/serious alts. Then the alternative scene will get really interesting.

yes satoshi showed us how we can avoid the greedy bankers taking the billions cut but ummm himself taking billions cut  ???

Taking this out of context to make a point. That's why we're here right? To make a money to replace the one that depends on selfish humans to act unselfishly--which they rarely do consistently or for very long.

What are the qualities of this new money we are trying to create? This money should be fungible. That's the only real qualification you need. One generic-coin equals one generic-coin. The properties of decentralized, private, and mathematically sound all follow from a need to create fungibility in order to have one coin always equal one coin. So find that coin and you've found the new money everyone has been trying to build. Why everyone adds complications to this is beyond me, but C'est la vie.

If a dollar had to wait years in escrow to use it, I would hardly call equal to the one in my wallet, so your year+ blocktime would break fungibility.

 < 0

Were not stabilizing we're skidding along to a slow and gradual death..

I have heard that endlessly and i still don't buy it..
mainly because the only thing we achieved in Crypto is a long.. LONG bad track record.
Ever heard of a coin or service etc walk off with large amounts of money with the "I got hacked story"
we have a black eye that gets blacker over time.. this will effect that rebound of Altcoins you guys think is coming.

@kelsey
fair enough but Satoshi never power dumped on us all crashing the price into the dirt.. and he could have (if he even still had those coins)
and i can name some examples where this did happen (in the Altcoin scene)
having Satoshi sit on that many coins and NOT dumping them when BTC was over $1,000 a coin shows confidence.

1ex.trade and wbb are at least trying to point things in the right direction :)

or greed, consider he envisaged btc as a global player, i'd say bailing at $1k would be selling too low. whats the one thing people with ridiculous amounts of money normally want? more money :o

Hi @Spoetnik
You said: Facebook had broke the 1 billion users logged in record recently.

Yeah, Because it is not opensource, Is free, And it like to almost of youngest peoples , And certains sectors of goverments, ETC,  Does  any crypto have it?

Edit:  Another interesting question   could be:  How many investors have it?