Bitcoin Forum

Powercoin, RoyalCoin, Yacoin, Mincoin, Gamecoin, Chncoin, BBQcoin, Jkcoin, etc and for what? Each "alternative" coin is killing even more the BTC, because the value of BTC (which are based in all these garbage) is determined by its scarcity. And when people to see their BTC hard to get (be undermining or buying), not worth more than a handful of "coins" trash a subject invented an overnight stealing LTC code, decides to stop investing BTC and when that happens the value falls, when the value drops people sold panic, when panic comes BTC dies and it just killed all other currencies as well.

What is the meaning of these new "coins"? They have no major innovation, no use for commerce or online transactions.  The only winners in this are the creators of these wastes, who in the same night that the launch they sold this craps for 1k/1btc and thats all, then this coins die and the BTC value gets lower and lower.

I decided to clone (https://bitcointalk.org/index.php?topic=203877.0) Ripple, so we'll get a new wave of altcoins soon.

Stop making duplicate threads about it :)

Oh, look. Imagine that. A BTC holder whining about other coins competing with his coin.

I think I'll make an altcoin called altcoin just for confusions sake.

in short, stop making scrypt coin so my ASIC farm can mine million dollars every month.   

Noisy.  :-\

seems someone bought btc high and blaming his losses on alts.

How about calling it "NNAA is Not An Altcoin", or just "NNAA" for short?  Surely that will silence the critics!  :P

craptocurrency - i like that. Still i like solo mining entire blocks even if they are almost worth nothing after a week.

They all only have value because of BITCOIN, not the other way around. It doesn't affect BTC value.

Why hasn't anyone made a new coin called coolcoin yet?  ???

It sounds pretty cool.


Don't steal my idea or I'll drag you to coolcourt.

I personally think that we need two currencies. Bitcoin for big transactions such as selling shares and Litecoin for everyday use like buying dinner in a restaurant.

That's just my 1LTC

more shitty coins make one coin stand high, more shitty coins make one coin more valuable

How about whoever wants to make a new coin goes ahead and does that, and if people want to use it, they can, and if they want to not use it, they can go ahead and do that too. And then whatever coins people like become accepted, and the ones people don't like don't, and all the bitcoin/litecoin miners can stop whining about people trying to create an improved cryptocurrency that might make coin users leave their preferred coin for another.

if all shitcoin maker agreed to post 1 coin in lets say 4-7 days coins will be worth more and we can earn more than now

-make a coin
mine it and sell to big players, get effort to goes to exchange, dump it and earn, all of us are happy... restart and start over

I wonder this, all the LTC and BTC crybabies that cry about all the alt coins... I wonder how many of them jump onto the alt coins when they come out with their farms... I bet a good chunk do.

I seem to remember you sending me an expletive-laden PM commanding to me stop spreading FUD about spam-coins following a critical post I made about one of the alts you were pumping ::)

I think there should be even more coins (oooh, MoreCoins (patent pending)).

Fill all of btctalk up with ever more coins until the whole thing drowns in a sea of stupid newbies screaming scammer at each other all day long all throughout the forum. Wait, that's already happening.

Anyway, please keep it up infesting the forums the stink and rot of dying and failing coins (has anyone made FailCoin yet?), until no one can any longer stand the stench and the whole lot of you is thrown off the forum.

Sounds WinCoin to me.

I love lamp

OP, because of this post, no new alt-currencies will be created.
You single-handedly halted the proliferation.
Congratulations!

lampcoin. Excellent. You could build little physical coins with LEDs in them.

HeroCoin incoming.

The internet cannot really handle 10 second global consensus creation.

(By blockchain system; Ripple is trying to achieve it but using a different consensus method.)

GeistGeld's 15 second blocks are probably about the fastest that could work, and even they might turn out to be too fast.

For "instant" stuff you can simply use "green addresses" in bitcoin, or off-chain transaction systems.

Green addresses actually seem to be a pretty simple and effective solution.

-MarkM-

Sigh. You guys don't get it. You're acting like the governments and the central banks. The POINT of this whole exercise, the purpose for which bitcoins and litecoins and novacoins and feathercoins and chinacoins were CREATED was to PREVENT currency from being controlled by a central, or even a decentralized authority. There IS no governing authority, including all the butthurt BTC holders who rag on every new coin that comes up. You have a lot of BTC? Congratulations.

YOU'RE NOT SPECIAL.

You don't have some special right or authority or wisdom that makes you the arbiter of what crypto currencies should exist and which should not.

I have not BTC, is common sense. We are killing the BTC, and once that happens we're going to get the crypto currencies in the ass.

Hmmmm, AssCoins.  :-*

The problem with having a hundred different coins is that from a "Marketing" perspective its just way to confusing for new users and the mainstream market. One coin for traders and one coin for the mass market is extremely easy to understand.

If you mine it, they will come. Stop dedicating time to mining these garbage coins, and people will stop making them.

Can someone explain to me how crap coins are NOT taking money from BTC?  I don't understand that.

As an example, some dumb premine scam coin like MNC comes along, boom creates thousands of coins worth say hundreds of BTC when they are traded for BTC in the first week.

BTC is worth actual fiat. Crap coins are there-forth immediately worth actual fiat when they are generated in massive quantities out of thin air on the first day mining (or a pre-mine), and the scammers trade their intrinsically worthless crapcoin for BTC.

How do the crapcoins not leech BTC's fiat currency value in this process?

You don't have to market them all. Market the one(s) you like. These are seperate currencies. It's like US Dollars and Japanese Yen and German Marks and British Pounds etc etc. I don't do ANYTHING with German Marks, and their existence doesn't really affect the ease with which I use US Dollars.

Stop acting like every new coin is some kind of vicious attack on your favorite coin.

AH, there's the Rub.

I am a fan of altcoins and let be clear here. Altcoins make Bitcoin more valuable. It is totally false to think the opposite. You have to first buy btc to buy some altcoins. If you buy bitcoin to trade it for altoin, it is almost certain you hold bitcoins too. Who would buy altcoins and don't have bitcoins.

And there are other advantages.. new concepts are tested at altcoins so the bitcoin itself could be more healthy. and I think BTC is the only currency which will last. even if many people think some other currency will replace it, i think it won't be replaced  :)

It WOULD be kinda difficult seeing as the Mark doesn't exist anymore.

Actual Fiat.

Fiat Currency Value.


. . .


Seriously? I don't think you grasp the point of the cryptocurrency exercise.

I'm not saying that other coins shouldn't exist but that we should concentrate on two or three currencies.

LTC will last. Has to be a market for GPU mining as well as ASIC mining

Don't stop making alts until TacoCoin, imho.

Seriously. Say anything you want, you're still not the crypto currency Auditor.

Alts. do not affect BTC, they simply dont. Now, everyone focusing their energy on alts. could be used to better promote BTC sure. But its like this, do little league baseball teams and games ruin MLB games and dilute the market ? no, they dont, thats what this is, its just a smaller game for people to keep busy with while BTC is gaining more popularity...

If I thought alt coins could kill bitcoin, I'd unload mine IMMEDIATELY while the price is more than zero.

Seriously people. Stop worrying over nothing.

Or, start an old rich white guys club and appoint a new Crypto Currency Auditor General.

I know and that's exactly why my first post started with "I personally think that" .

arent alt currencies also a test bed for cool new features that could be implemented into bitcoin?

if an upstart starts gaining traction, whats to say all the miners dont see the potential to gain/lose a lot of money and agree to make a change to the code and adopt the feature(s) they believe is responsible for the adoption of the alt currency?

you should be happy people are spending their resources to experiment for you, while you just sit back and wait for the next cool feature to steal.

that is of course unless you think the bitcoin has gotten so decentralized that the miners/devs couldnt agree on how to evolve quickly enough.

in which case, youd probably see a hard fork. cant wait...

Who complains about forks of an open source project? If bitcoin didnt want to be cloned, it would be proprietary software. Altcoins are following the expected path. You are a free man, so freely pick what ever flavor of alt currency that you enjoy. Its that simple.