Bitcoin Forum

I see so many pump and dump worthless altcoins being created in the past few months, it's crazy and could harm BTC's reputation.

The only altcoins I can see that could serve a genuine purpose, or offer something different to Bitcoin would be Litecoin and Peercoin, and potentially primecoin.

What do you all think? Do you notice any altcoins that offer something more beneficial over BTC?

The only genuine ones that I can think of to offer something new (I may have missed some) that were created during the time of the Great 2013 Shitflood of Crap Coins are:

Anoncoin

Primecoin

YACoin

litecoin, peercoin, primecoin, cryptogenic bullion. That's all

Something a lot of people don't realize... is coins that have been pumped and dumped in the past still have a chance of succeeding. Even bitcoin has been subjected to pump and dump.

If you're asking about 100x - 1000x pumps and dumps (Quark is pumped in such a way), so I can definitely say that it is Datacoin. Its economical model will not work both at very high and very low prices, so it won't be pumped a lot. 2x, 3x, 5x - not more, it's not required by coin at all.

well whatever offers/offered something new and noteworthy. simply using different algorithms isn't that amazing, and if they are limited to CPU and draw a lot of electricity it is probably a step back...

litecoin
peercoin
megacoin started out as a copycat but the dev did decent work with the diff adjustment so I'll list it
primecoin
nxt
anoncoin
florincoin implemented transaction messages first iirc, however the name sounds sickening to me
united scrypt coin - first scrypt merge mine, something that noirbits promised but did not deliver
gridcoin


new algos:
litecoin
copperlark
skeincoin
yacoin

This thread is going to turn into a "these are the coins i have the most of" thread. I love these threads.

If you want a truthful answer to your question, look for the coins actually acquiring services and not just shills. Also try to find the fair coins that arnt created just to benefit the early adopters. There are only a few like that. Good luck with your research.

Litecoin and Primecoin have no real purpose.

Datacoin has: http://www.datacoin.info/

I'll save you some time. TAG no other alt even come close.

lite, anon, world

THATS A DATA RICH STATEMENT ;)  Interesting, Please tell us why TAG is so AWESOME... -digeros

Litecoin was the first attempt at speeding up the transaction speed on the massive blockchain of BTC and avoid the ASIC Arms Race in mining but that may change with the advent of Script ASIC boards ... LTC is a first generation coin with lots of adopters and more services coming as well as publicity on TV. ... so, may be a contender.  Primecoin is mixing pure math with money, unnecessarily burdening money to do EXTRA math.. useful as a toy but the block chain will get ridiculous and mining will fade and perhaps only science labs should run it...IMHO

the only way to avoid a pump and dump is to start at xorxors list of ALT COINS.  If a coin is dedicated 80% to foundation(some), completely premined (Ripple), or the dev didn't do an honest launch which can be determined by examining the block chain and seeing if the first significant amount of coin went to ONE wallet before the announcement or very soon after the announcement - which can be done lamely so as to intentionally fail in reaching interested crypto-miners.   Some coins that fall in that category of GOOD launch, good adoption, good dev , good and growing services (either inherent in the coin or by virtue of its network) as well as having a relatively stable trading market, ie listed on cryptsy - tech analysis of the charts there will tell you how the demand for the coin is holding up) will appreciate just like the fiat currencies of well managed national banks rise above other national banks (except in this case there is no central bank but a democratically-created network of supporters).  One way to guage the rabbidness of the various alt coin community is to go into the forum and just ask one good question and one BIG DOUBT statement about the coin and watch the community answer technical questions and react to someone "diss'in" their coin... just a sociological insight...

 In other words, do your own research - this is the MOST TRANSPARENT of markets ANYWHERE).  -digeros

Litecoin.


maybe Zerocoin in the future...

I'll spare you the details of the already deployed services which can easily be found in the TAGcoin thread. But for starters TAG is lead by an internet visionary with a fat wallet, professional dev team, and several successful internet businesses that will bring exposure to TAG that other alts can only dream of.

OOOO Visionaries now!!!!  ;)
??? what internet companies????
(actually I'll take a look b4 i say more) ;)  -digeros


I took a LOOK at TAG   ___
"
Technical Specifications

Starting difficulty: 0.5
PoW/PoS hybrid
Algorithm: Scrypt
Coins per block: 30
PoW Subsidy reduction: 1% every 3 months, minimum reward of 3 coins
Time between blocks: 4 minutes
Retarget: Every 2 hours, with a 25% limit in either direction

Network Port: 8623
RPC Port: 9624
"
There is a pump and dump just waiting to happen that guy is trying to build a finacial empire around the issuance of his own coin in COOPERATION with STANDARD CHARTER & UNOIN BANK  TOTALLY COOP'ED CRYPTO wouldn't touch it with a TEN FOOT POLE...

Compare that to NOVACOIN (first generation script POW/POS)- TAG is no where near it!!
or even a fair launch third generation script POW/POS coin like PHS - Philosopherstone
SPEC
What is Philosopherstone?
Philosopherstone (PHS) – a fork of DiamondCoin, with several algorithms fixed and improved. It is descendent of Novacoin/PPCoin with Pow/PoS. It combines the great features from Luckycoin (random blocks) and Florincoin (transaction message), is launched! No Premine!
There were a couple of new PoW/PoS coins launched recently, most have problems with PoS generation. Either we see zero-coin PoS blocks generated, or the generation is not accurately reflected in desired PoS percentage. In Philosopherstone we fixed these issues, and after 5-10 days the PoS blocks will be generated reflecting the precise interest rate defined by the coin (in this case 50% annual interest or 3.44% monthly interest). Proof of stake coin is more secure and is much more resilient to 51% attack.
Philosopherstone provides annual interest rate of 50%, for stakes that are not moved during the period. This equivalent to 3.44% monthly interest. PoS blocks will be generated if the stake is held for more than 5-10 days.

check out philosopherstone wallet here http://com-http.us/ccdir/phs/

NO CRYPOCURRENCY NEEDS A FED!!!

Yea, I think anyone that is tired of trying to pick the next big pump and dump should at least check it out.


Do your research folks, don't form an opinion from one raving lunatics post. Ha!

Just to note, to all the condescending people here telling me to "do my research" and that "opinions aren't necessary", firstly you know absolutely nothing about me and where I have come from. Never jump to conclusions, it makes you look like a bigot. Secondly, finding out community opinions on these matters is part of such research, particularly when somebody creates a detailed post as to why they believe certain alt ctc's are going to do well. Opinions are always of interest to me, people can be very interesting :). As I said the in the original post, the only real contender I see at the moment is PPC mainly due to the energy saving perks, which heavy duty miners will favour.

Interesting opinions guys, thanks for sharing and I look forward to reading any more to come :).

many of  the  not p&d coins are a failure aswell - they are just overabused by  centralized farms and biggest sharehodlers - or botnets and vpn farms.

They failed as a decentralized currency already.

The only one from the Spring rush that has worked out for me is GLDcoin because there is a pretty good team behind it trying to promote it and make it better. Ironically, I should have kept mining Litecoin also, but it was not worth the electricity at the time. I should have ignored that fact, because I'd be alot richer now. I just turned the Litecoin mining back on last week. Can't complain about $38 each!

Thats why i more or less ignore most of the july coins. And lookign for new starters that may have potential. With limited hashrate i have no chance at any established coins anymore - scam, failure or what ever they are.

Why Litecoin?  When introduced, it offered nothing to the cryptocurrency world that had not been done before.

(My point is, look how Litecoin has succeeded, even though it was just a repeat of what had been done before.  Think about what that could mean for the current coins out there now.)

Nobody ever talks about what could harm Gold's reputation, or Silver's reputation.

It's Bitcoin's job to be resilient against all attacks, including infinite cloning.  And it has proved to be very resilient against such events this year.

It wasn't the first scryptcoin? (I really don't know)

Litecoin, Peercoin, Primecoin, Curecoin, Freicoin, Gridcoin and Anoncoin.

Correct, it was not the first.  Unfortunately I've lost my reference to what came before that used Scrypt, but I read it here on this forum.  Really our time horizons are extremely short, for most of us in this community: we do not know what came before and very quickly adjust to new status quos and start to think things have always been this way.

The interesting thing is that Litecoin succeeded where others before it did not.  It would be a mistake to assume that could not happen again.

In full disclosure, I run a Tag mining pool.  I only do so because I support the idea that the Tagbond/Tagcoin team are working on.  In addition, I started a poll thread when the crapcoin flood happened earlier in the year, trying to ban or move the crapcoins out of this subforum.  I'm was a vocal opponent of almost all the new coins.  I still hate most of them, because they are in fact a fly-by-night pump and dump coin.

That being said... yes, it's true that TagCOIN doesn't bring anything new to the game.  It is a ppc clone that has been modified to fit the needs/wants of the dev.  So as far as a cryptocurrency goes, it's another drop in the bucket.  If you can't look past that to see what else is going on, so be it.

But TagBOND is visionary.  The system itself is well thought out, and is already in place and working in a large market in Asia... and expanding.  We've already seen what the Asian market support can do with crypto.  In short, Tagbond is a rewards points system for businesses focused around it's own currency - Tagcoin.  It also supports BTC, and fiat, and all are interchangeable from within the system.  Take your typical rewards points card, lets say Starbucks or something.  I go to Starbucks and buy a coffee, I use my rewards card and earn "Starbucks" points.  Then later that day I go and use my CVS points card at CVS, and so on and so forth.  At the end of the day, I'm left with a bunch of points that can only be used at their respective businesses, and can only be used for their predefined points reward prizes/discounts.  But what Tagbond does, with the use of Tagcoins, is facilitate a universal rewards points system that can be used anywhere where it's accepted.  So now my Starbucks points can be used at CVS.  And my Toy-R-Us points can be used at the local sporting goods store.  I don't have to worry about carrying 15 different rewards cards, and none of them really amounting to anything at the end of the day.  It's like airline miles for the crypto world.  And to top it all off, because the "points" are Tagcoins, at the end of the month, if I choose to do so, I can convert my points into BTC or fiat on the fly.  So now those stupid Starbucks points that earn me a free latte at the end of the month is instead cold hard cash or BTC in my wallet when I need it.

This, and it is all backed with $5m in capitol by an internet industry pioneer, Mark Vernon, and a LARGE dev team dedicated to making this work.  In fact, Mark posted a picture today of most of the team in the OP of the Tagcoin ANN thread.  It isn't just 2 guys in their mom's basement.  It will be huge, and by association, so will Tagcoin.

It is the most visionary thing to happen to crypto in a long time, and that's why I support it.

-Fuse

I believe Tenebrix is the first Scrypt coin you were thinking of.

Thanks - you're right!

Tenebrix - created to use up all those spare CPU cycles while your GPU cycles are mining for Bitcoins:
https://bitcointalk.org/index.php?topic=45667.0

Anyone have any speculation as to why Litecoin succeeded and Tenebrix did not?

Okay, I went and learned some history.

Tenebrix was launched to be GPU-unfriendly, using Scrypt proof of work instead of SHA256.  (The funny thing is that today, we think Scrypt coins are great because you can use your GPUs on them - we think of them as ASIC-unfriendly.  How we forget.)

Tenebrix had a premine of about 7.7 million coins!

In response to this, Fairbrix was launched - a fork of the Tenebrix source, with a new ledger that had "only" a hundred blocks premined.  LOL!  I guess that was considered acceptable in those days.

But the really striking thing I discovered was that the Fairbrix developer was coblee.  That's the original developer that released Litecoin.  (And I believe his brother runs BTCChina, which you might have heard of.  Or maybe I am confused.)

So apparently for some reason, Fairbrix didn't work out, and coblee went on to create Litecoin.  I would imagine the 100 block premine had something to do with it, but I'll bet I'm wrong, since it appears that people thought that the 100 block premine was nothing, back then.

Except Litecoin was not the first attempt at either of those.

edit: appears this has been covered

References:
https://bitcointalk.org/index.php?topic=46528.0
https://bitcointalk.org/index.php?topic=207047.0
https://en.bitcoin.it/wiki/List_of_alternative_cryptocurrencies#TBX_Tenebrix
https://en.bitcoin.it/wiki/List_of_alternative_cryptocurrencies#FBX_Fairbrix

Litecoin wasn't trying to avoid ASICs.  It was trying to avoid GPUs.

And it wasn't the first!  It was at least the third!

And faster block speeds don't speed up confirmation times.  If you speed up the blocks, you simply need more blocks to confirm.  There's nothing magic about "6" blocks.

Primecoin
Tagcoin
Yacoin
Anoncoin
These are definetly not pump and dump... and are currently undervalued.

Not technically true, the same guy who designed the first GPU miner for bitcoin designed the scrypt PoW. Make of that what you want.

No mention of ProtoShares?  The only 'coin' that is not attempting to be a currency? 

BTC
LTC
NET

..are the ones i currently hold. the first 2 because i trade with them and NET because I like the community and its young with great plans. I like working with them and i hope it succeeds but either way im having fun now compared to watching trollbox in BTC-E all day trying to day-trade. The only trading i do now is buying and selling NET to spread the wealth :)

gridcoin if they could get it to use gpu

prime and ppc both great coins and lagging to where they should be

digi is not pumped at all and i wonder where the dev went....this guy was always thinking outside of the box.

quark is by design and excellent coin...the cry babies who don't have any will say it is not. It is now distributed via the market as it should be and mining needs to become non essential - hopefully they will code in pos. It has not been pumped, this is its real value.

anon - great idea and great team.

Mega - great dev

cgb have a nice team

tag - money behind it.

tix - another rock solid coin works perfectly never any trouble with it., N factor high now so will be cpu only soon. Similar to yac but fairer because it started off with a gpu  miner for everyone.

wdc - i had written this off a while back but coming back strongly with a lot of support

the market naturally pumps and dumps all coins that is the nature of it.
artificial pumps are quite easy to spot if you watch the order books.

anoncoin, litecoins, primecoins,

    
"What Alt-Coins Do You NOT Consider A Pump & Dump?"

Lets be honest with each other the answer is a very clear Zero, and I'd extend that to include Bitcoin (probably one of the worst proof; just look bitcoins chart, the last month, the last year.....well pretty much any period).


However no complaints here, I love a good tulip as much as the next person  ;)

Clearly NXT,MΣC. Only these

Thought I would mention protoshares and datacoin.

Both these coins have other purposes and weren't for pump and dump. Although with all coins there is always some p & d action going on.

Sex sells. Vote for Sexcoin at a porn shop near you. :P Or just buy those items online with SXC and surprise your wife.

NameCoin, Devcoin, Ripples, AnonCoin, Bitshares

The ones I am not going to talk about here for obvious reasons

+1

USDe!


https://bitcointalk.org/index.php?topic=410254.0


You can judge! come check us out! :-P

+1000

lol  :D

Digitalcoin is not pumped and dumped a lot. Well, it is dumped a bit now, but not pumped, so a good investment for long time.

Few of the good things about digitalcoin:
- Fast and secure (no hard forks)
- Very active developer of the coin
- Active developers of services
- Growing Reddit community, /r/digitalcoin, /r/dgcmarket
- One of the few coins with a light wallet (called Dub), and an Android wallet coming soon
- Merchant services coming soon on CryptoAve, allows merchants to use a payment processor to accept payments in DGC
- The Free Bank of DGC which will allow investors to purchase DGC, and regardless of price drops be able to sell back their DGC at their purchase price or higher
- CoinMart, to be released in a few weeks, will allow users to buy and sell items of their own (like Amazon but for DGC)

Long term coins with a block reward system similar to bitcoin and litecoin. So for example if the coin halves in a month or two then that's a pump and dump. If it takes several years till the first halving and has no premine then it's likely not a pump and dump.

i would only ever purchase some litecoin..... wouldn't invest in anything else (apart from bitcoin)

having a paper wallet with a few litecoin on it sounds good to me when i get around to buying some

These.

Nothing

FRK

BEECOIN - Launched on Feb 15th 15:00 GMT , 2014. It has ZERO PREMINE. Block reward halving is expected in less than 3 weeks time, so get some coins NOW.

Bees are very hard working and always seem to have endless energy! TO THE MOON!

DarkCoin - one of the very few forks that really has something new and demanded by market - anonymous transaction

Vertcoin
Primecoin
Peercoin
Anoncoin

Thats my highly biased opinion ;)

For me its Aurora...
Maybe it looks right now like pump and dump because its low supply but that's not what it meant for.
Its a coin with a vision unlike any other alternative coin (beside Lite). so I prefer to hold to my coins even if the value will be cut in half or more

The more popular the coin, the more its pumped and dumped. Ride the wave!

I have some rumors that panda(PAND) on coinedup is going to be pumped, dunno really but it is simply convenient: The total sell order volume is so tiny that you can move the price like 7-8 times higher than it is now with just 3-4 btc invesetment in total.

Gridcoin.

They are different, check it-->https://bitcointalk.org/index.php?topic=324118.0

the only not pump and dumps are bitcoin and litecoin.

why not gridcoin?

For an investor,

Maybe a better question is which coin has a better ROI.

And I can tell you it aint btc OR ltc  ;)

I will tell you my opinion when I finished buying it.

Ok, let me tell them - Its Coin2

Sorry to say that yet another premined shitcoin is not what I had in mind for a ROI  ;)

lol retard, those 2 had many pump n dumps

100% Premined and distributed to first 1000. The most fairest distribution and yet it is a shitcoin?

every alt, even BTC is pump&dump.

Just look speculation with BTC

Zerocoin is not good in the future.

You can focus on the comm

PAWN
LTC
NXT
BC

CGB all the way !!!

 What Alt-Coins Do You NOT Consider A Pump & Dump?

Show me one which is not ? :D

I like this idea of charity.

I just wonder though how is it going to work in the long run.  After all there were similar concepts before, maybe just not released as effectively like this one.

Good luck guys.

The ones that are aged.
The higher the volume, the harder the manipulation.
Price cannot be faked long-term.

They are all subject rise and fall even the king BTC. I personally think that the mining pools are going to collapse all of the PoW coins eventually so I am going in to NODEcoin until a better alternative to PoW is found. I have heard other opinions on this and various other aspects of cryptos and the best advice I can give is. Do your research, actually read the white papers including Satoshi Nakamotos original paper (they are not fun but they are worth it), find something you believe in, then invest in it because you believe in it not to make a quick buck. When you invest to make a buck YOU are the pumper/dumper. Also only invest what you can afford to lose and hold on and don't pull out until something that you believe in more comes along or your research leads you to stop believing in the project.
Happy investing,  :)

bahaha
dumb thread.

Bitcoin itself is pump and dumb, noob.

All coins get pumped and dumped with NO EXCEPTION

Spreadcoin, one of the pretty innovative cryptos.

Litecoin
Doge
AppleByte

Sterlingcoin, simple. Don't ask me why, do your own reading
Sterlingcoin.org.uk - https://bitcointalk.org/index.php?topic=721936.0

haha
you live in lala-land, do you? Bitcoin is pumped and dumped like a bitch all the time.

Err - he wrote that back before bitcoin become just another dead-end, pump-and-dump altcoin.

There might be more but frankly speaking DNOTE coin have been stable and grow without any issue of pump.
This is a complete fact.