Bitcoin Forum

I notice the general disdain dedicated BTC r's treat ALTS is almost the same as Gov FIAT's treat BTC

It a bit more veiled but its there with force.

The arguments go

[1] Confusing for new users
[2] Dilution
[3] Serves No purpose
[4] Pre-mine
[5] Scam

Lets answer these

[1] So what...its confusing anyway....rather its like open a quality streets box, more choice of chocolates, one for you
[2] You mean its sucking the value out of your BTC....! Oh no, Currency competition.....waiiiiit a minue....
[3] Asic resistant, redundancy, faster, slower, less coins, more coins.....
[4] So what, BTC was a defacto pre mine, and A actual premine actually give certianty that you can price in rather than the uncertainty of was it a premine or not.....they all are by the first bundle of people a difficulty 1
[5] True, and yet BBQ is even making  comeback and it was a joke coin


Its quite ironic!!!

advantages
[1] spreads risk
[2] sucks value out of early adopters of BTC and so makes others feel included
[3] gets people into the eco system and supporting CC's
[4] encourages innovation

comments please!!!!

It's because of fear. And greed.

Those who already have Fiat (the government) don't want any competition (from Bitcoiners).
Those who already have Bitcoins (Bitcoiners) don't want any competition (from Alt-Coiners).

Both want to protect their assets.

But Altcoiners are no different: Those who already have Litecoin don't want any competition (from Feathercoiners)  ;)

it's a riot!!!!

every one will end up owning 1 coin in 7 billion chains, everyone having at least on chain

I agree because ATM some people are paying thousands for a machine to mine BTC.... they want the return and then some.... mean while locking up the market so normal users have no chance on getting in to make a few bucks. I kinda look at this like the metals market...many of us can not get into gold because it is so darn expensive.... where as most of us can invest in the lesser being silver..

Anyways if you think about it... even currency is competitive with each other...

competition is good.  it spreads the miners out and lowers difficulty.  you can't mine both LTC and FC.  

Yes, it's there and very noticeable.  I would say that there are plenty of Bitcoiners who aren't that way and who respect freedom for all, so in that respect we are a lot better than fiat users.  But the disrespect and disdain is still there.

Typically when people express this kind of disrespect in conversation, it's an attempt to pressure/control others into doing what would benefit them.  I try to blow a lot of it off.

So far, I have a track record of picking currencies that people make fun of (BTC, TRC, BTE).  Oh well. :D

Plenty of alternate coins are pre-mined scams, and most of them are nothing more than get rich quick schemes by uncreative hacks who have changed a few numbers in the code.

We disagree on what makes a coin successful. My mom has no idea on the differences between Western Union and Moneygram, she cares about what it provides and it's availability. Like most non-geeks, services will ultimately decide the winner. 

 Unfortunately, I have a feeling explaining why I don't think something is a scam to user called 'anti-scam' would be rather fruitless. Good luck in the coin you support and hopefully you'll acknowledge the market will decide the winners.

I support plenty of alternate coins. This doesn't change the fact that "blocks come now every two minutes instead of three" is not revolutionary.

I hear ya and respect your view, I really do.  Personally, I don't care as much about the underpinnings. Even as someone that's been in the tech field for 15 years, the technology aspect doesn't interest me as much as the adoption (see above).  Maybe most of my investments fail, oh well, I'm still putting effort behind grass roots efforts.  I've been successful in the past with political campaigns, interested to see if the same organizational efforts can help with coins.

I guess the market will ultimately let us know who hedges were correct. Again, good luck to all of us and we'll see what shakes out as more people outside the traditional tech circles are introduced to these coins.  

What about blocks that come out every 3.14159 minutes?  Or an irrational number?

+1 to OP

Agreed with the services aspect. This is why I tend to favour Mincoins and will possibly adopt Smallchange once it gets off the ground, due to the faster transaction and confirmation times, which are far more practical for a supermarket or petrol station where you can have quite a few people waiting in line who are in a hurry and don't want to be kept waiting any longer than they need to be. And trust me, having worked in retail in the past, this is important. I do not and will not support clones of coins without there being something like this taken into account. I mean, good luck to the Bytecoin and Feathercoin crowd, but I don't think they'll last long and sadly, believe they'll go the way of Terracoin.

+1 this^

Litecoin is much more developed than Feathercoin, I'm not sure you can call it competition yet... It's like comparing a riding lawn mower to a motorless push mower.

Maybe as time goes on it can catch up or something, but it's not going to happen in the near future unless you pay an army of programmers to innovate random sites and services for Feathercoins.

Bitcoin is much more developed than Litecoin, but Litecoin has a lot of accepting sites and services as well.. I can count the number of Feathercoin accepting sites on 2 fingers.

Go the way of Terracoin?  If my Bytecoin went up to 0.00487 BTC/BTE, I would be okay with that.  8)

Well, you'll get the general disdain if you're around long enough. We had a ton of alts from coiledcoin to Solidcoins, and most of them did not stand the passage of time like bitcoin did. This is also why we do not create subforums for those coins in the alt section - we simply don't know which coin would die next.