Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: elvisrene on May 04, 2013, 12:17:50 AM



Title: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: elvisrene on May 04, 2013, 12:17:50 AM
It is really bad for the economy of crypto currency to have so many coins all this coins popping out of noware and off course per mined  and abused more then a philipino hooker this is just my opinion but if you have other please let me know ..


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: Arbitrageur on May 04, 2013, 12:25:21 AM
it's a natural market process... eventually those new crypto will be rejected and die soon after the launch... but as long as they are accepted and bought means there is room for them.


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: markm on May 04, 2013, 12:26:38 AM
Its why we never see candy bars anymore.

Too many different flavours of candy-bar totally destroyed the market.

-MarkM-


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: zdarkazn on May 04, 2013, 12:29:23 AM
Its why we never see candy bars anymore.

Too many different flavours of candy-bar totally destroyed the market.

-MarkM-


LOL  ;D


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: d5000 on May 04, 2013, 12:29:41 AM
Idea: We could create a sub-forum for new cryptocurrencies. So the "main" Altcoin Forum would be for the "established" ones (e.g. > 6 months of age) and the newer ones must go in the "New Cryptocurrencies" forum.

That would reduce the "spamming" of the forum.

Kind of "Newbie Forum" for new currencies.


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: Shad3dOne on May 04, 2013, 12:30:01 AM
yeah,

and whats with all those damn flavors of ice cream??

you will eat vanilla and like it.

dont need no damn rockyroad or mint/chocolate chip or strawbery!!


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: Si Robertson on May 04, 2013, 12:30:38 AM
Im selling soon, this is getting stupid

shells selling their fake coins


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: anderl on May 04, 2013, 12:32:59 AM
Im selling soon, this is getting stupid

shells selling their fake coins

sure sell you will just be hurting every other bitcoiner who has the same sensibilities you have.  Why are you so angry?


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: Nolo on May 04, 2013, 12:33:49 AM
https://forums.playfire.com/_proxy/?url=http%3A%2F%2Fadaptershack.com%2Fm%2Ffiles%2Fimg-cache.cdn.gaiaonline.com_358665e6ff888fb1ba9d861821843fa7_http_i841.photobucket.com_albums_zz338_ianimexd_oh-look-its-this-thread-again.jpg&hmac=07d96493f4729d3427f546c4b6cf7f27


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: Guru01 on May 04, 2013, 12:36:33 AM
If there is innovation more altcoin is nice.  Straight copy's will die.


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: donjonson on May 04, 2013, 12:37:27 AM
Yes and let the party go on! Let it go and it will eventually stop but we can't stop it artificially.

For me, the final test for a coin is... can I buy something with it? I do with bitcoin lots of things, very few things with LTC and that's it.

The other thing at least for now is mere speculation.


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: anderl on May 04, 2013, 12:44:02 AM
Yes and let the party go on! Let it go and it will eventually stop but we can't stop it artificially.

For me, the final test for a coin is... can I buy something with it? I do with bitcoin lots of things, very few things with LTC and that's it.

The other thing at least for now is mere speculation.

If a coin is used to trade for other coins then there is a market.  Bitcoin just falls into the class of coins which is used as a replacement for everyday currency... it's the Bitcoin niche.  Alt coins could be used as trading coins, similar to antique coins I can purchase right now which have no real buying power, but I can sell them and trade them for fiat currency.

+1


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: markm on May 04, 2013, 12:47:56 AM
Its why we never see candy bars anymore.

Too many different flavours of candy-bar totally destroyed the market.

-MarkM-


Actually, people decided that they wanted better candy and started buying it from candy shops.  So, yes there are fewer candy bars in the local mini-mart but there are more candy stores making their own candy.

Bad analogy... I work in the candy industry.

In case you hadn't noticed, we are in a candy shop right now! :P

Scam scam scam scam
Scam scam scam scam
Wonderful scam, lovely scam!

I'll have scam scam scam bits devs and scam without the scam, please!

Can I have scam scam scam scam rat scam and scam with a little less rat in it, please?

Etc.

-MarkM-


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: Yurizhai on May 04, 2013, 12:49:21 AM
Can we really argue candy bars and ice cream are the same as a brand new industry such as cryptocurrency?

New alts won't destroy all coins but I could definitely see a massive market crash that makes them all worthless for a year or two before they are reborn.


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: GSnak on May 04, 2013, 12:50:43 AM
It is really bad for the economy of crypto currency to have so many coins all this coins popping out of noware and off course per mined  and abused more then a philipino hooker this is just my opinion but if you have other please let me know ..

This is the sort of lucid commentary that draws people to this forum.


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: markm on May 04, 2013, 12:51:33 AM
Reborn... Like BBQcoin... Next up maybe Tenebrix? Or GeistGeld? Or CoiLedCoin? Or even Fairbrix?

-MarkM-


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: anderl on May 04, 2013, 12:52:52 AM
Can we really argue candy bars and ice cream are the same as a brand new industry such as cryptocurrency?

New alts won't destroy all coins but I could definitely see a massive market crash that makes them all worthless for a year or two before they are reborn.

it would be due to the bitcoiners going galt.  they all quit from mass frustration.  but even if it crashed and people stopped mining, all it would take is a couple weeks for difficult to collapse before people started mining again.  that is the beauty of it.    any crash is short term.


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: Craftyman on May 04, 2013, 12:55:58 AM
Can we really argue candy bars and ice cream are the same as a brand new industry such as cryptocurrency?

New alts won't destroy all coins but I could definitely see a massive market crash that makes them all worthless for a year or two before they are reborn.

it would be due to the bitcoiners going galt.  they all quit from mass frustration.  but even if it crashed and people stopped mining, all it would take is a couple weeks for difficult to collapse before people started mining again.  that is the beauty of it.    any crash is short term.
yeah just like the IBM compatible computer.  people cloned the shit out of IBM's PC.  IBM totally went bankrupt.  Wish they were still around to see the PC glory days.

oh and Apple.  Look what happened to them.  Freakin Android stole their design and just made a crappy copy of the iPhone.  Apple must be worthless now.


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: elvisrene on May 04, 2013, 12:59:24 AM
mmmmmmmmmmmmm candy


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: Yurizhai on May 04, 2013, 01:00:53 AM
Can we really argue candy bars and ice cream are the same as a brand new industry such as cryptocurrency?

New alts won't destroy all coins but I could definitely see a massive market crash that makes them all worthless for a year or two before they are reborn.

it would be due to the bitcoiners going galt.  they all quit from mass frustration.  but even if it crashed and people stopped mining, all it would take is a couple weeks for difficult to collapse before people started mining again.  that is the beauty of it.    any crash is short term.

What I'm saying is I think it will be harder for any  of them to go mainstream when there's so god damn many and the average person can't understand them. Too saturated.


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: markm on May 04, 2013, 01:03:05 AM
Yeah that is why banks never went mainstream, too many loansharks, so godamn many moneylenders joe public couldn't tell them apart.

Idiot, it is precisely to tell themselves apart that they GO mainstream (aka sell out to the establishment). Duh.

-MarkM-


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: devilfish on May 04, 2013, 01:03:50 AM
It is really bad for the economy of crypto currency to have so many coins all this coins popping out of noware and off course per mined  and abused more then a philipino hooker this is just my opinion but if you have other please let me know ..

This is the sort of lucid commentary that draws people to this forum.

Nah, it's replies like yours to the above that do it. Made me laugh, thanks.

 ;)


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: Shmoopy on May 04, 2013, 01:09:58 AM
I think crypto will eventually get to the point where currencies will have to actually compete to survive. Right now, exchanges have lots of room for new coins, but eventually they'll get cluttered and they'll have to make some cuts. Don't be mad just because you're experiencing the volatile beginnings of the expansion of crypto.


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: Yurizhai on May 04, 2013, 01:13:32 AM
Yeah that is why banks never went mainstream, too many loansharks, so godamn many moneylenders joe public couldn't tell them apart.

Idiot, it is precisely to tell themselves apart that they GO mainstream (aka sell out to the establishment). Duh.

-MarkM-


Keep quoting examples you weren't around for. I'm sure there weren't crashes of problems in any of those industries, ever.

I'm not saying they won't succeed in the end, I don't see how they couldn't, but I'm talking beginning short term. Like the video game crash of 1983.


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: biganth on May 04, 2013, 01:22:01 AM
Its why we never see candy bars anymore.

Too many different flavours of candy-bar totally destroyed the market.

-MarkM-


Damn, those Kit Kats I just had were good.

I was about to whip back a quick response to you and then the sarcasm light bulb went off.  ::)


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: cocales on May 04, 2013, 01:32:55 AM
Well  ;)


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: cygnusxi on May 04, 2013, 01:34:34 AM
Its why we never see candy bars anymore.

Too many different flavours of candy-bar totally destroyed the market.

-MarkM-


a better comparison would be paper / metal coin currency. how many countries are there? and every single one ( except Antarctica ) has their own currency. this has been happening since the dawn of time. lots of different currency.

 not to mention all the other things people trade / collect to use as currency. dooms days prepped people buy enough alcohol to fill entire stock rooms in anticipation of alcohol one day being one of the most important things to have. i would want to drink living in post apocalypse.

 ;D


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: cygnusxi on May 04, 2013, 01:36:39 AM

Quote

a better comparison would be paper / metal coin currency. how many countries are there? and every single one ( except Antarctica ) has their own currency. this has been happening since the dawn of time. lots of different currency.

 not to mention all the other things people trade / collect to use as currency. dooms days prepped people buy enough alcohol to fill entire stock rooms in anticipation of alcohol one day being one of the most important things to have. i would want to drink living in post apocalypse.

 ;D

lol quoting myself... now that i put that idea in your heads maybe beercoin will come back lol. or maybe someone will come out with 151coin / RUMcoin


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: markm on May 04, 2013, 01:38:14 AM
Alcohol, eh? Sure, but... pure grain alcohol, right? Not any of those watered down clones like Scotch, Vodka, Brandy and all those imitators? ;) :D

-MarkM-


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: Yurizhai on May 04, 2013, 01:41:20 AM
Alcohol, eh? Sure, but... pure grain alcohol, right? Not any of those watered down clones like Scotch, Vodka, Brandy and all those imitators? ;) :D

-MarkM-


You mean those alcohols made by completely different cultures at completely different times made from completely different ingredients? Direct comparison to alt coins made by user Douche921 on the bitcointalk forums with almost no changes.


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: markm on May 04, 2013, 01:56:59 AM
Okay you got me there. Parallel evolution of blockchain based currencies is far-fetched.

(But hey if it happened maybe they'd also have hash collisions! ;))

-MarkM-


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: anderl on May 04, 2013, 02:13:13 AM

Quote

a better comparison would be paper / metal coin currency. how many countries are there? and every single one ( except Antarctica ) has their own currency. this has been happening since the dawn of time. lots of different currency.

 not to mention all the other things people trade / collect to use as currency. dooms days prepped people buy enough alcohol to fill entire stock rooms in anticipation of alcohol one day being one of the most important things to have. i would want to drink living in post apocalypse.

 ;D

lol quoting myself... now that i put that idea in your heads maybe beercoin will come back lol. or maybe someone will come out with 151coin / RUMcoin

The hash coin

http://en.seedfinder.eu/pics/01seeds/Soma_Seeds/Soma_Seeds_-_Hash_Heaven.jpg


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: TruCoin on May 04, 2013, 02:21:43 AM
Its why we never see candy bars anymore.

Too many different flavours of candy-bar totally destroyed the market.

-MarkM-


LOL  ;D

Speaking of BARS go BitBar !!!! BitBar is not a alt-coin it is the first cryto-BAR ever.. Stop making Alt-coins he he he ;D


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: phelix on May 04, 2013, 06:57:09 PM
Each new coin makes all other coins weaker. Except Bitcoin.

There can be only one.


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: rambleshack on May 04, 2013, 07:01:34 PM
Its why we never see candy bars anymore.

Too many different flavours of candy-bar totally destroyed the market.

-MarkM-


This is a bad analogy, alt-coins are not offering anything new, so it would be like selling the same exact candy bar with 30 different names.


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: digitalindustry on May 04, 2013, 07:08:52 PM
[ANN] STOP MAKING COINS BAD - Coin

the angry negative coin !  >:( >:( >:( >:(

premine starts soon !

NOT !
YOU IDIOTS !
NEVER !
NOT FOR YOU ANYWAY !
COIN WRECKERS !



: D  ; )

Jks friend, just had to do it. i respect your opinion.


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: digitalindustry on May 04, 2013, 07:17:29 PM
I <3 coin spam , plus what else would we be doing right now?

plus you can say to your grand kiddies :



"I remember the great feathercoin launch of 2013 on BTC-e son, that baby hit 1 btc!  

The Trollbox exploded, for hours it just said "Ricky Martin" over and over. until they closed the server.

Oh those where the days !

now we live in this Central Government sanctioned holographic workers camp, but hey son, things were better in the past...

and they will be good again son, they will be good..........

Timmy]  - whats a "Troll box" grandaddy ?

elvisrene]  - A great thing son ,... a great thing... "



to be continued......


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: elvisrene on May 04, 2013, 07:42:35 PM
i hop so that some of these coins can one day be great but if people keep cloning shit well you know what happens then


Title: Re: STOP MAKING COINS BAD FOR CRYPTO CURRENCY WILL DESTROY ALL COINS EVENTUALLY
Post by: anderl on May 04, 2013, 07:52:40 PM
i hop so that some of these coins can one day be great but if people keep cloning shit well you know what happens then

yeah just like the IBM compatible computer.  people cloned the shit out of IBM's PC.  IBM totally went bankrupt.  Wish they were still around to see the PC glory days.

oh and Apple.  Look what happened to them.  Freakin Android stole their design and just made a crappy copy of the iPhone.  Apple must be worthless now.