Bitcoin Forum

Those guys constantly asking and looking for innovation are on the wrong track. Here is why:

-bitcoin itself is still beta
-bitcoin itself is not fully understood by the masses or even most people outside this forum -  how you going to sell them even more innovation? They can't stomack it right now.
-new technology requires testing. It is full of errors (bugs). Most investors don't want to be alpha- and betatesters with their money.
-we had a good amount of failcoins which were really innovative - think flutter, think heavycoin. There are quite a few.

New algo, new features - the same applies.
Innovation always comes with errors at first.
So innovative coins are really more risky to invest in than coins that only put tested technology to work.

When investing serious money in alts look for developers commitement, marketing, community and security in a coin. Innovation is secondary at this point especially since every technology that has been alpha and betatested and was prooven to work over a period of time can be adopted by any coin that has that commited dev who is implementing it.

So i really don't care about innovation so much anymore. I care about the devs and the community aswell as network security. I know this is the right longterm-strategy and people walking this forum telling others that it is mainly about innovation are really misleading.

Some conservative investement-strategy in this fast moving scene.

+1

well said

only two types of people call out for "gimmicks"

1. the Uneducated on all things Crypto-currency

2. the sock puppets making the scam.

Valid point, but I hope you're not missing this opportunity. We're taking in part in the evolution of cryptocurrency! New innovations should always be welcome, that's how evolution does it: Throw things at the wall and see if it sticks.

those initial innovation-hype-pumps are good for daytrading. But longterm-investement, no.

I store my crypto-wealth in btc, ltc, uno, mec, qrk, nmc, xpm, ppc for longterm btw.
Those are innovative enough and they have the community and devs. All of them will be around for long term so i feel relatively safe storing money in them for longer periods of time.

Don't get me wrong. I love trading those innovation-hypes for shortterm. Move in for a day or two and then back to btc.

Well, i felt someone had to say it. Too many innovation-sissy-types roaming the forum now. Too much herd-mentality. ;)

I see the Marxist anti-innovation bandwagon is still rolling...

Sissy type?   ???

Any predictions when NxT will get a honorary mention on this thread?   :D

Who is this guy?

100% bet people say you are my sock puppet. Ha .

Re other guys comments on NXT not until you just brought it up which is somewhat telling no ? 

hahaha. rofl.
Thanks for making me laugh.

Well look at VTC - i would call that algo tested and established now.
Look at x11 - there were some issues

pure pos? Would consider risky. Maybe later. I like pos/pow hybrid for now - look cgb and ppc is tested.

- and no, i am not digital industry sockpuppet. Just made a new account to avoid becoming too famous around here ;)
Don't care about those 'sr/hero member - tokens'

The "innovators" have got an important point.

I mean if the Federal Reserve had of "sexed up" the debt dollar I'm 100% sure tards would feel better about being poor and getting scammed.

: D

innovation is good, but you go first please  :P
If it's any good i can buy a dip later. Too much failing and scamming around here.

I also thought about only investing into coins where dev didn't run off for 6 months. I thought that's also a good idea to avoid loosing money.

basically the people running wild discarding anything that is not mega-innovative are annoying me and they are basically wrong when it comes to investing money - to get back on topic.

my premise: Security has more value than innovation when it comes to storing wealth. Especially for larger investors.

Also, innovations can be built on top of the existing Bitcoin protocol. For example, see Zerocoin and Colored Coins.

and mastercoin maybe lol!

everything is Beta.. hell the internet itself is beta.
humanity is beta v1.0

we could get even more into it lets define what is beta and what is alpha and what is RC  ::)

i see what your saying but i don't agree with your underlying message.
you sound like one of the usual guys here with a marketing degree hyping up Doge coin or what ever.
and the bottom line is nobody gives a shit about community crap.. they care about money.
money dries up the community evaporates which decimates your point here.

i actually find your message here appalling to be honest.
the type you speak of ask for that because there has been a growing problem spiraling out of control.
a vicious cycle of sorts with useless cloning wrapped up in fake communities..
usual mass sock puppet accounts setup to lure in morons to cheerlead and buy in.. so they can later be dumped on quietly.

these innovations are wanted because it does one thing.. it shows guys are making an effort.
yeah a lot of the time they are a token to say hey look..
but i would rather support a Ponzi scheme that is designed from the start to at least LOOK presentable and legit..
rather than we're not even trying (to look legit) and this is scam no. 3211
I am the first to call most of these so called innovations bullshit though.. they are usually a gimmick.
but at the end of the day i would at least see people fake try then not try at all..

And the old lets compare Bitcoin to altcoins routine is stupid and has never worked in any debate nor will it ever either.
don't even bother it's just dumb.
you can't compare Apples with Tanks..

What i see here is the scammiest of shit clone coins are ok because of "community" blah blah hblah
and even the guys pushing the clone coins will laugh at you and say ya suuuuuure ..they even know better  ;D
but they won't speak up because they need to make money lol
..but they aren't stupid and usually rather than going online and *trying to make bad excuses for bad behavior they quietly focus on making money.. smart really.

PS:
NXT is a useless clone coin with a great "community" lol
It's like those late night talk shows when they suck they always go on about how great the band is..
NXT has the best house band in Crypto hahha

With all the "unfair IPOs" and anticompetitive/anti-innovation talk around these forums you'd honestly think that we were on a communist forum or something, lol.

Clone of what ?
Even the most fervent NXT-hater knows that NXT was written from scatch in Java. Not a clone.

User friendly will win the day trust me. Plus you got to be off the grid, decentralised trading wallet. Qora basically.


Come the economic collapse and zombie holocuast you want to be able to trade in all assets not just Bitcoin. they can shut down Bitcoin anytime they want. Move assets around in a wallet from Gold to Silver to fiat to digital currencies, that what you need.

NXT wallet and it's clone suck, Qoras is user friendly. It's really as simple as that.

It appears to me that you're just here to make money, which means that you're the last person anyone should listen to about making money. Just common sense.

Has Qora got a decentralised trading wallet?

Yeah innovation is dumb being an unoriginal copycat retard is where its at.

This is a thread started by somebody who lost a lot of money recently.

You might want to read some Marx. He was all for innovation and hugely impressed by what he witnessed in the UK. He just thought that people could innovate in an equal society. Marx wasn't Pol Pot.

When a coin has good innovation, it has a better chance of surviving. That's just the way of business.

Well explain why BTC is still number-1 and shows no sign of losing that position?

Developers could produce 1000 coins tomorrow that are more innovative than BTC, but not a single one will be a threat to it.

It's about culture, not innovation.

when a coin can use the hashing power of the globe in way like Prime coin BTC will prob take a back seat.
it's wasting a lot of electricity and we are using and need as much computer power to solve humanities issues.
we need as much as we can get compute power wise.. the more we have the more we can do.. no limit !

so i think your claim is nonsense..

innovation is bad?you are f**king troll

STFU this guy thinks he is ted kaczynski

innovation is powerful.  if you are a great mathematician or innovator, you have power over the world around you. 

Because despite the slow development pace of the core client/core protocol there is significant innovation happening in by third parties. Someone has to innovate to meet the demands of the market. With Bitcoin enough people support Bitcoin that infrastructure like coloured coins, hardware wallets, payment processors, mastercoin ect get built up on top of the main protocol.

Will do very soon, maybe a month or two. User voted in the voting system in the wallet (the first of its kind) to implement Arbitrary Transactions before Asset Exchange

OP, subtle cough (https://bitcointalk.org/index.php?topic=660544.0), we would appreciate any feedback you may have on the approach we're taking.