Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Boxxl on July 14, 2014, 07:07:01 AM



Title: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: Boxxl on July 14, 2014, 07:07:01 AM
Don't waste your money or time in all the shitcoins..
- 415 Altcoins on http://coinmarketcap.com.. Thats a lot...?
- only bitcoin and litecoin are still known in public.. Why? Because it's just a copy / shit
- a lot of devs left... Some with a lot of money


My opinion:
Bitcoin will be the biggest, if it grows...

Is it?


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: bcd on July 14, 2014, 07:12:33 AM
Thank you for opening my eyes.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: poornamelessme on July 14, 2014, 07:27:03 AM
Thanks, I assumed hundreds of altcoins, many valued at several sats, were equivalent to btc. Are you saying I shouldn't have invested my life savings into Comedy Gold, Taxi Coin and Urea?

People know the risks involved. They are looking either for that .01% coin that will replicate some of BTC's success or are simply playing the markets, converting profits back into BTC. And if they don't understand the risks and that putting tons of money into a coin based on a meme may not be the best idea in the world, it's a life lesson.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: altseeker on July 14, 2014, 07:36:14 AM
Don't waste your money or time in all the shitcoins..
- 415 Altcoins on http://coinmarketcap.com.. Thats a lot...?
- only bitcoin and litecoin are still known in public.. Why? Because it's just a copy / shit
- a lot of devs left... Some with a lot of money


My opinion:
Bitcoin will be the biggest, if it grows...

Is it?

Everyone is not wasting time or money in all the shitcoins. Shitcoins supporters, devs and every person in the altcoin community are going after Bitcoins. All of us are big supporters of bitcoin.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: balu2 on July 14, 2014, 07:42:00 AM
I'd say 95%
There are a hand full of legit alts - and they are the reason you have come here in the first place.
I agree: stop supporting scams


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: Amph on July 14, 2014, 07:54:33 AM
their only purpose is to spread btc health, for the one who missed the bitcoin train


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: AliceWonder on July 14, 2014, 08:02:09 AM
They are good testing ground to try new things.

So in that, some of them anyway have value.

And namecoin has value, not as in investment coin but in a good place to store namespaced key/value pairs which can be used for all sorts of decentralized data - and namecoin being low value actually benefits that use of it.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: digitalindustry on July 14, 2014, 08:12:58 AM
Don't waste your money or time in all the shitcoins..
- 415 Altcoins on http://coinmarketcap.com.. Thats a lot...?
- only bitcoin and litecoin are still known in public.. Why? Because it's just a copy / shit
- a lot of devs left... Some with a lot of money


My opinion:
Bitcoin will be the biggest, if it grows...

Is it?

you are almost correct (not that is matters saying it here)  all that matters is decentralized economics, and i'm afraid both Bitcoin and Litecoin are failing.

the old bullshit Meme (TV talking head) system is bunk, what actually counts are the fundamentals.

(IF i was one of the few guys that got into BTC very early i'd have cashed out by now)  (you can't price it because of the manipulation) Shiller and Co were almost correct except they made the mistake of looking at it as a traditional "stock" IPO, where the insiders get the good deal and then the rest of the "public" investors get the rest.

Well in effect Bitcoin is actually more controlled than that due to its fixed permanent number + its total mining monopoly.

Quark has true market value, and is a decent investment, a few other crypto's also do for general investment purpose - 99% of the rest you can flush.

a few of the original can probably be salvaged and i expect this will happen in the future.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: boxuser on July 14, 2014, 08:52:42 AM
Credits CRD looks very promising see https://bitcointalk.org/index.php?topic=634403.0
video http://vimeo.com/100148381


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: YesBoss69 on July 14, 2014, 08:52:48 AM
What amazes me slightly is the number of devs and the amount of time they put into all these coins - and it's not like the rate of new coins is tailing off, they're coming thick and fast the whole time. Seems a very inefficient way of making a few bitcoins, if that's what the objective of the majority of these impromptu coins are about. And who keeps falling for it?


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: crunck on July 14, 2014, 09:04:32 AM
This OP is nonsense IMO

I think it all depends how you look at things, I look at Alt coins ( bar one or two ) as stocks and shares it simple reallt every now and again a half decent new coin comes up get in fast then vote it up onto an exchange, the price will rise then cash out, other coins can have a 50% rise in one day if your on it happy days.

If you think you can just buy and sit on them hoping they will do a BTC then bar one or two coins your wasting your money.

Out of all the coins out there I am only holding 2 which i think may rise significantly enough to make it worth while investing heavily in.

That's my take on it all


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: muhai on July 14, 2014, 09:21:46 AM
shitcoin will promo you to buy thier ass.. after than mass price drop u get 999999x shit coin that worth nothing.. most bad situation that coin dead due no anymore dev and node alive...


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: AliceWonder on July 14, 2014, 09:34:46 AM
Quark has true market value, and is a decent investment, a few other crypto's also do for general investment purpose - 99% of the rest you can flush.

a few of the original can probably be salvaged and i expect this will happen in the future.

Thank you for mentioning quark.

Even before I knew about bitcoin, I knew that those that controlled the flow of money had all the real power.

Bitcoin brought that back to the people, but by the time I got in, even GPU mining was dead - ASIC mining was the only viable way and a lot of ASIC vendors were scamming people or not able to deliver. Miners control the flow of bitcoin.

CPU mining - none of the CPU mining coins created to address this issue seemed viable to me, but this one just may be.

So thank you for bringing it up. I'll be watching it.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: Dread Pirate Roberts on July 14, 2014, 09:43:47 AM
so whats your opinion will the best alt coin for invest now ?
i see the website dirrect from you but reallyy hard to me to understand what you mean


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: YesBoss69 on July 14, 2014, 09:47:58 AM
so whats your opinion will the best alt coin for invest now ?
i see the website dirrect from you but reallyy hard to me to understand what you mean

You should get to grips with this as well for an answer to that, good luck! https://bitcointalk.org/index.php?topic=487409.0


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: Sydboy on July 14, 2014, 10:22:54 AM
isn't the point of 99% of alt coins for people to trade and make money.
no one actually believes they will be used or adopted, right ?


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: Equate on July 14, 2014, 10:26:20 AM
isn't the point of 99% of alt coins for people to trade and make money.
no one actually believes they will be used or adopted, right ?


Pretty much sums it all up , but if someone is making money  , then someone is losing too .


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: Specialrigs on July 14, 2014, 10:29:35 AM
Credits CRD looks very promising see https://bitcointalk.org/index.php?topic=634403.0
video http://vimeo.com/100148381

Every altcoin looks very promising. Same old.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: nutildah on July 14, 2014, 10:48:17 AM
I was just reading through the ANN section and I notice there's a new post every 8 seconds or so, most is talk about mining for coins with silly, silly names that are basically just replicas of other coins with a new twist. This new coin fights herpes, this other one was officially blessed by the Pope, etc.

So, my question is... WHO THE F IS BUYING THIS SHIT ??!!

I'll admit it was me, for about 2 weeks, when I first got started.

So whats the deal.. There's a constant new churn of fresh noobs that are feeding a neverending cycle?

People predicted that the altcoin world would be unsustainable as it would draw in too much BTC in order to keep growing, but what happens instead is the same BTC gets recycled over and over, put into one new coin after the next.

As a result we have hundreds of dying coins on our hands -- some have truly stand-out innovation compared to McShinyCoin of the Week.

Hopefully coins that are proven to have innovation and real-world potential will have a rising price through all the noise, but demand, regulation and a rapidly transforming field of study make the future of the entire scene somewhat uncertain.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: digitalindustry on July 14, 2014, 11:41:30 AM
Quark has true market value, and is a decent investment, a few other crypto's also do for general investment purpose - 99% of the rest you can flush.

a few of the original can probably be salvaged and i expect this will happen in the future.

Thank you for mentioning quark.

Even before I knew about bitcoin, I knew that those that controlled the flow of money had all the real power.

Bitcoin brought that back to the people, but by the time I got in, even GPU mining was dead - ASIC mining was the only viable way and a lot of ASIC vendors were scamming people or not able to deliver. Miners control the flow of bitcoin.

CPU mining - none of the CPU mining coins created to address this issue seemed viable to me, but this one just may be.

So thank you for bringing it up. I'll be watching it.

also stick around - and from time to time drop in on our Reddit we are still working on improving all the time.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: digitalindustry on July 14, 2014, 11:42:30 AM
What amazes me slightly is the number of devs and the amount of time they put into all these coins - and it's not like the rate of new coins is tailing off, they're coming thick and fast the whole time. Seems a very inefficient way of making a few bitcoins, if that's what the objective of the majority of these impromptu coins are about. And who keeps falling for it?

i think you have far overstated the work that would go into 99% of these.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: Bobsurplus on July 14, 2014, 11:42:41 AM
Rollback! Let's talk about that!

Who think it's a good idea for a coin to rollback in order to replace coins that were stolen in a hack.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: giveBTCpls on July 14, 2014, 12:25:06 PM
Litecoin is a copy off Tenebrix.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: boxuser on July 14, 2014, 01:07:06 PM
i am not quiet sure to what extent you categorize shitcoins


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: gondel on July 14, 2014, 01:12:14 PM
Most of the coins are really one shit and nothing more, but there is also some of them which has something new in their script, some coins are bringing something really new and positive for the community. For example XPM primecoin is helping the science :) You can check it out on
primecoin.io
BR


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: AliceWonder on July 14, 2014, 01:22:56 PM
also stick around - and from time to time drop in on our Reddit we are still working on improving all the time.

I stay away from reddit, I end up getting dragged into arguments by trolls and I just decided the best thing is to avoid that place.

I've got the client working on my Win 7 laptop, but it is still 45 weeks behind. Going on vacation but when I get back I'll do the linux build for my desktop.

Then watch it for awhile, see where it goes.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: digitalindustry on July 14, 2014, 01:37:48 PM
also stick around - and from time to time drop in on our Reddit we are still working on improving all the time.

I stay away from reddit, I end up getting dragged into arguments by trolls and I just decided the best thing is to avoid that place.

I've got the client working on my Win 7 laptop, but it is still 45 weeks behind. Going on vacation but when I get back I'll do the linux build for my desktop.

Then watch it for awhile, see where it goes.

: ( this means the terrorists  have won...


no seriously, i understand re trolls  (personally i love them, just call them out, most work for Banks agencies everyone knows? )

just installed Xubuntu 14.X its beautiful and runs great - if you need a hand with dependencies etc. give me a yell

i'll be around here.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: solid12345 on July 14, 2014, 01:40:24 PM
Actually 5-10% push new technologies and have some legitimacy but the FUD flies out to drive them into the ground.

Gee I wonder who would feel most threatened by new coins and have the money to ruin the future of promising coins....


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: KonstantinosM on July 14, 2014, 02:15:28 PM
Yes, most altcoins are shit however we do need innovation more than anything.

Perhaps something that is more energy efficient then bitcoin, or something with more advanced features, better code, more efficient at data, more scalable.

It is clear when something is just a money grab and one has to be infinitely critical of new coins, and approach them not to profit, but to see innovation, because
innovation does help everyone in the end.


That being said, well though critical post on shitcoin ann posts need to be made, and that's where the forum members come in! (and perhaps good journalists).


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: hellscabane on July 14, 2014, 02:16:29 PM
Ah, I see what you did. 99.9% of 415 is 414.585. So in effect you are saying that all coins are crap. Fair enough. I'm gonna put all my money back into fiat.

Seriously, of course a majority are crappy clones; but really, what else is new? I'd say the number is closer to 99% (when you include all of the coins that don't even make it to coinmarketcap); so probably 10-12 legitimate ones. Probably.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: Svener on July 14, 2014, 02:33:22 PM
imo Guldencoin has a great chance of "maybe" overthrowing litecoin, I believe this "might" be the best coin to invest in right now for long term, but what do I know.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: LiteCoinGuy on July 14, 2014, 02:41:38 PM
you are right. beside Bitcoin and Litecoin there is maybe only Namecoin which brings something new to the table.

and maybe Zerocoin in the future.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: Joe_Bauers on July 14, 2014, 02:48:48 PM
so probably 10-12 legitimate ones. Probably.

Sad isn't it?

One thing that many don't seem to be considering is that probably half or more coins released now are part of a dilution attack on Bitcoin.

The only ones that can stop this avalanche now are the exchanges. Unfortunately, not listing every pump/dump coin that comes to market makes no business sense, so it won't happen.



Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: hellscabane on July 14, 2014, 03:05:23 PM
so probably 10-12 legitimate ones. Probably.

Sad isn't it?

One thing that many don't seem to be considering is that probably half or more coins released now are part of a dilution attack on Bitcoin.

The only ones that can stop this avalanche now are the exchanges. Unfortunately, not listing every pump/dump coin that comes to market makes no business sense, so it won't happen.


Very much true.

The scary thing is that I don't think that it's necessarily an attack on bitcoin per se. I think it is a consequence (that they don't care about) in a effort to sate their own greed. I think exchanges would stem this problem, but they would have to work in accordances and pacts with each other; and that'd be awfully tricky to pull off.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: Triffin on July 14, 2014, 03:09:34 PM
This is what happens when you have nominal startup costs and zero barriers to entry ..
We're closing in on what ?? some 1000 coins ??
It'll stop when someone launches a new coin that no one mines or buys ..
Won't be long now ..

Triff ..


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: MicroGuy on July 14, 2014, 03:12:11 PM
What amazes me slightly is the number of devs and the amount of time they put into all these coins - and it's not like the rate of new coins is tailing off, they're coming thick and fast the whole time. Seems a very inefficient way of making a few bitcoins, if that's what the objective of the majority of these impromptu coins are about. And who keeps falling for it?

In a few camps, there is some very serious development taking place where function trumps profits. It's rare, but it's happening.

https://www.gldtalk.org/index.php?topic=2616.0


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: lynn_402 on July 14, 2014, 03:17:20 PM
Don't waste your money or time in all the shitcoins..
- 415 Altcoins on http://coinmarketcap.com.. Thats a lot...?
- only bitcoin and litecoin are still known in public.. Why? Because it's just a copy / shit
- a lot of devs left... Some with a lot of money


My opinion:
Bitcoin will be the biggest, if it grows...

Is it?

At least 95% should be worthless, sure. But it's still worth doing research to find the 5% who aren't, since they have the chance of being considerably more profitable than Bitcoin. Coins with an active and legit communities are not that hard to spot.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: burnt_micah on July 14, 2014, 04:57:28 PM
Fucking glass is half empty


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: nutildah on July 14, 2014, 11:33:21 PM
I didn't receive a satisfactory answer to my question.

Who the F is buying this S?


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: cwb27 on July 15, 2014, 12:50:00 AM
not syscoin...it is next bitcoin


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: BrewCrewFan on July 15, 2014, 01:25:43 AM
I think there are a few out there that can do well.

With that said, there are just too many shit coins coming out by the day. Pretty much if the "dev" has the name of the coin as their screen name, I pass up 99% of them.

Plus, people need stuff to mine, without the interest BTC would be on the slow track. Think of how many newbies coins like DOGE ( gag ) got into the crypto game....


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: lynn_402 on July 15, 2014, 03:41:33 PM
not syscoin...it is next bitcoin

It is too late for it to become "the next Bitcoin". The network effect of Bitcoin and of the 10 or so major cryptocurrencies is too strong.

This is not a consumer technology, but an economy, there's no way that it can be easily surpassed.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: Boxxl on July 16, 2014, 10:41:20 AM
not syscoin...it is next bitcoin

It is too late for it to become "the next Bitcoin". The network effect of Bitcoin and of the 10 or so major cryptocurrencies is too strong.

This is not a consumer technology, but an economy, there's no way that it can be easily surpassed.


Thats true...


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: den.faulkner1990 on July 16, 2014, 02:09:41 PM
Don't waste your money or time in all the shitcoins..
- 415 Altcoins on http://coinmarketcap.com.. Thats a lot...?
- only bitcoin and litecoin are still known in public.. Why? Because it's just a copy / shit
- a lot of devs left... Some with a lot of money


My opinion:
Bitcoin will be the biggest, if it grows...

Is it?

scam-coins-threads like alternative coins, them more than necessary


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: rippleme on July 16, 2014, 03:39:45 PM
I think that having so many alt coins may make it difficult to discover the actual good ones for someone that is new and just started with this.
Of course there are ranking websites that can help but so many pump and dumps...


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: hellscabane on July 17, 2014, 01:55:59 AM
I think that having so many alt coins may make it difficult to discover the actual good ones for someone that is new and just started with this.
Of course there are ranking websites that can help but so many pump and dumps...

Sure there may be sites that arbitrarily provide that information. But honestly, it doesn't help all too much since someone could just make a coin that avoids the negative points and still manage to be a pump and dump. If there is a bright side to all of this, is that it forces people to do their due diligence when learning about this scene.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: cwb27 on July 17, 2014, 05:22:43 AM
I think that having so many alt coins may make it difficult to discover the actual good ones for someone that is new and just started with this.
Of course there are ranking websites that can help but so many pump and dumps...

Sure there may be sites that arbitrarily provide that information. But honestly, it doesn't help all too much since someone could just make a coin that avoids the negative points and still manage to be a pump and dump. If there is a bright side to all of this, is that it forces people to do their due diligence when learning about this scene.

99.9% is great coins. syscoin to the moon


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: bitwho on July 17, 2014, 05:54:50 AM
yes yes. only one coin, just like everything else in life.


One Korea (best Korea), no other Korea
One type of Computer , no others
One operating system, no others
One article of cloth , no others
One Fiat , no others
One type of car , no others
One drink type , no others
One domestic pet, no others
One innovation . no others

If history has shown us anything is that humans only like one choice. flawless logic. absolutely not biased


 8)


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: lynn_402 on July 17, 2014, 12:53:20 PM
yes yes. only one coin, just like everything else in life.


One Korea (best Korea), no other Korea
One type of Computer , no others
One operating system, no others
One article of cloth , no others
One Fiat , no others
One type of car , no others
One drink type , no others
One domestic pet, no others
One innovation . no others

If history has shown us anything is that humans only like one choice. flawless logic. absolutely not biased


 8)

That's a great comparison!

And because altcoins offer to the users different communities, and technologies which fill different needs, it seems silly to say Bitcoin will be the only thriving crypto.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: bram_vnl on July 17, 2014, 01:07:29 PM
Guldencoin is the best coin its accept @ 3 subways in the netherlands

http://s17.postimg.org/mo9oo7vsv/guldencoin1.jpg
http://s24.postimg.org/cnbonvr44/ip_bitcointalk_org.jpg


and 1 shop in Amsterdam Netherlands

http://s29.postimg.org/z9r8nhc3b/ip_bitcointalk_org.jpg


http://guldencoinforum.com
https://bitcointalk.org/index.php?topic=554412.0
https://guldencoin.com

https://www.youtube.com/watch?v=jg8X-bIFzkw


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: lynn_402 on July 17, 2014, 01:11:50 PM
Guldencoin is the best coin its accept @ 3 subways in the netherlands



Interesting. Why did they accept that coin? Are you sure the pictures are not from photoshop?


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: bram_vnl on July 17, 2014, 01:14:38 PM
Guldencoin is the best coin its accept @ 3 subways in the netherlands



Interesting. Why did they accept that coin? Are you sure the pictures are not from photoshop?

no look this movies

https://www.youtube.com/watch?v=jg8X-bIFzkw
https://www.youtube.com/watch?v=B62PHLf5foU
https://www.youtube.com/watch?v=E7GmbdSYzKY

https://www.youtube.com/watch?v=MQz0rIL8TB8 (english subs)


Why do people trust Guldencoin?

Much of the trust in Guldencoin comes from the fact that it requires no trust at all. Guldencoin is fully open-source and decentralized. This means that anyone has access to the entire source code at any time. Any developer in the world can therefore verify exactly how Guldencoin works. All transactions and guldencoins issued into existence can be transparently consulted in real-time by anyone. All payments can be made without reliance on a third party and the whole system is protected by heavily peer-reviewed cryptographic algorithms like those used for online banking. No organization or individual can control Guldencoin, and the network remains secure even if not all of its users can be trusted.


And the dutch people love the old Gulden not the euro


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: AliceWonder on July 17, 2014, 01:22:39 PM
And because altcoins offer to the users different communities, and technologies which fill different needs, it seems silly to say Bitcoin will be the only thriving crypto.

There has to be at least one other thriving crypto or bitcoin will die.

It is critically important for businesses to compartmentalize their incoming and outgoing payment.

Right now the way to do that is to buy fresh coins for payments sent and sell incoming coins.

That way a competitor can't make small purchases and trace who your suppliers are.

But that way also depends upon fiat.

With a second thriving currency you can do the exchanges without involving fiat.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: henryjames1003 on July 17, 2014, 01:44:47 PM
Don't waste your money or time in all the shitcoins..
- 415 Altcoins on http://coinmarketcap.com.. Thats a lot...?
- only bitcoin and litecoin are still known in public.. Why? Because it's just a copy / shit
- a lot of devs left... Some with a lot of money


My opinion:
Bitcoin will be the biggest, if it grows...

Is it?

when Bitcoins become widely known? in 2012-2013?
when it was created? in 2009

deal with it


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: hellscabane on July 17, 2014, 02:31:29 PM
I think that having so many alt coins may make it difficult to discover the actual good ones for someone that is new and just started with this.
Of course there are ranking websites that can help but so many pump and dumps...

Sure there may be sites that arbitrarily provide that information. But honestly, it doesn't help all too much since someone could just make a coin that avoids the negative points and still manage to be a pump and dump. If there is a bright side to all of this, is that it forces people to do their due diligence when learning about this scene.

99.9% is great coins. syscoin to the moon
Uh...Fascinating?

Go keep on working on making that dream to the moon happen. I'll be watching from the sidelines. Actually, to be honest, I'll be pretty far from the sidelines, but you get what I mean.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: BestofSR on July 17, 2014, 06:05:08 PM
agree with the OP, but those few original coins that are trying to bring something new maybe worth all this mess. ;)


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: shojayxt on July 21, 2014, 04:05:30 PM
This punk has launched another one called webcoin.  His name is carsen klock and he's launched at least nine of these worthless shitcoins in the last few months.


Would you list all the coins you launched so far?

Yes of course: My entry to the crypto-world in order is:
Timecoin (Scrypt based, terrible clone)
Matrixcoin (Sha256 based, terrible clone)
Hashcoin (X11 based, first animated logo, DGW V3, coin ended up forking due to no one updating to the latest wallet from all the FUD, coin could still work)
Dreamcoin (X11 based first PoW/PoS crypto I created, HUGE amount of FUD with threats, so I removed the coin to hurt the community because I was hurt, which was wrong, looks like community took it over though, still working)
Nebulacoin (X13 based PoW/PoS, Still lives on to this day)
Techcoin (X13 based PoW/PoS, Still lives on to this day, looks like the community is taking it over, fixing block times (it was too slow)).
Firecoin (X15 based first PoW/PoS, block times were faster, smoother launch, FUD killed it)
Isiscoin (X15 based PoW/PoS, smooth launch, hit Mintpal second day of ninja launch (No bribes were made), Premine was dumped before we hit Mintpal (which a lot of people thought i dumped on mintpal, I did not), HUGE FUD followed, along with government talk of Isiscoin, Death Threats, etc. Bad choice of name and bad launch date made me remove this coin, also because I do not support terrorism and that is what people were thinking. Just overall bad ideas on my end, My intention was the Egyptian god ISIS but as you all know, people twist things around)
Webcoin (X14 PoW/PoS, By far my best coin ever, Extremely stable, Smooth launch, Fair distribution)

Any other coin is not made by me, these are the only coins I have worked on.



Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: shojayxt on July 21, 2014, 04:10:16 PM
Guldencoin is the best coin its accept @ 3 subways in the netherlands



Bitcoin is the best coin.  It's accepted at overstock.com, dell.com, newegg.com, tigerdirect.com, expedia.com, and the list goes on.  


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: lynn_402 on July 21, 2014, 08:30:54 PM
Don't waste your money or time in all the shitcoins..
- 415 Altcoins on http://coinmarketcap.com.. Thats a lot...?
- only bitcoin and litecoin are still known in public.. Why? Because it's just a copy / shit
- a lot of devs left... Some with a lot of money


My opinion:
Bitcoin will be the biggest, if it grows...

Is it?

Yep rather buy Litecoin you mean the only shitcoin that is being holded on the second place

It seems silly to buy Litecoin. It seems really overvalued consider it has a smaller community and less good technology than many other coins, which have much more room for growth.


Title: Re: 99,9% ARE SHITCOINS - so don't waste your time or money
Post by: crowetic on July 21, 2014, 08:57:31 PM
I think there are a few out there that can do well.

With that said, there are just too many shit coins coming out by the day. Pretty much if the "dev" has the name of the coin as their screen name, I pass up 99% of them.

Plus, people need stuff to mine, without the interest BTC would be on the slow track. Think of how many newbies coins like DOGE ( gag ) got into the crypto game....

+1

This is exactly what I was going to say, you completely beat me to it. Most of the new coins are garbage, but there are that 1% that actually have true innovation and good devs etc.

I believe one of these to be Monero. That's all I will say on this. But definitely don't fall victim to all of the nonsensical bs coins out nowadays, we would all be much better off if most of them fell by the wayside...