Bitcoin Forum

Thanks to the hundreds of scams, altcoins are officially DEAD!  Dan "Madoff" Metcalf, truly put the nail in the coffin.  Even legitimate altcoins going forward will be labeled as scam.  My advice, take your coins off the exchanges and hold the ones you think are legitimate or sell all your coins and convert to Bitcoin.

Bitcoin cannot be the sole cryptocurrency, just as there are hundreds of FIAT currencies in the world.  But thanks to the likes of greed, there will be no chance of ANY other crypto getting even close to the same level of adoption as Bitcoin... at least not for a long long long long time.

To the scammers, here's an old school style fuck you!

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........../'/.../..../......./¨¯\
........('(...´...´.... ¯~/'...')
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..........''...\.......... _.·´
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of course. 95% of coins are greedy and unclean.

The altcoins i found to be clean or reasonably clean (no premine, no scam, open source, good history, active community, legit crypto and no doubts about it) in Top 100 are:

-Litecoin
-Megacoin
-Unobtanium
-Namecoin
-Peercoin
-Primecoin
-Feathercoin
-Dogecoin
-Reddcoin
-Vertcoin
-Bitmark

i think those are the ones that will survive for longer time. Possible i forgot a hand full of coins. The list is my personal conclusion based on own research. Others may disagree.
The majority especially the greed/ripoff/unfair-coins will have a hard time. It is no problem for me since i was investing in ethical coins only all the time.
All this shenangians we see currently is not of interest to me and won't affect the legit coins i am holding. In fact the legit coins will benefit from it.

hahah these coins are finished, btw vert coin and reddcoin also pulled some scam in the beginning, these cons are just you holding fag. Also all these shenanigans are being pulled by bitcoin and litecoin supporters aswell, they are the veterans of trolling other coins

sure. Opinion.
What legit coins are you holding?

UroDark might be a contender tho right? I bought some  :-[

http://www.amyvansant.com/wp-content/uploads/2013/09/duck-pickpocke1.jpg

Everyone will default back to litecoin, most the others are a scam though those on the list aren't in the league of the current scams most have a dodgy past.

if it didn't inflate with 30% a year maybe  ::)

but i agree. Scams are for pump-chasing lowlifes. There is enough good coins to put money on that are not scammy. Rocky past with pump and dump have most coins. A coin being pumped/dumped doesn't say anything about its value.

Altcoins are not dead. We saw a lot of Scams and fails and greedy Dev-Teams hyping with promises without delivering. But: The responsibility is also on Investor-Side! Many Investors buy and sell Coins without any research about the fundamentals or the Devs. And if there is a pearl in all the Shit, with hard working and honest Devs with skills and ideas, many Investors expecting huge profit in between some days, instead of giving time. I saw it many times that the community got impatient and damaged good projects with pressure on the Devs like Fudder and dumping on release. But quality needs time! That's a natural principle Crypto won't broke! In the first time of a project there should be base-building instead of hyping. Investing is about research, making decisions and to take the responsibility for the own decisions. That would lead more money in the good projects that are out there between all the Shitcoins and Scams. And I'm sure, exactly that will happen in the future. Investors (including myself) will learn the lessons and how we invest is making choices about how Crypto should be. All the Scammer and Pump-Groups had great times because of silly and greedy decisions of the Investor-sheeps.

My personal lessons are:

1. Deep research about the Devs. I read nearly every line and not just the "what", also the "how" (they communicate).
2. Invest in honesty and ability
3. If I see hyping I become careful
4. Fundamentals! I want to see a strong technical base to build on the innovations. The first months don't need to be glamorous.
5. Charts don't show the reality.
6. Patience! Quality needs time. Pressure on good Devs is damaging the own Investment.


If all Investors would invest more carefully, make more research, be more patient... Crypto will change. And we already see this dynamic. There are pearls out there and they will benefit of those changes.

Not top 100 yet, but my personal Main-Invest: Neoscoin (https://bitcointalk.org/index.php?topic=835131.0)

Tempus, the PND groups have more bitcoin than "normal" investors.  Until they are out of the game permanently, there is NO safe coin and the PND will continue.  Only the originals are unaffected, BTC, LTC and so on...

If it's on an exchange, at those small prices, it's an easy target for a PND.

Yes, right. But pumps only will lead to profit for Pump-Groups if they are able to bring normal Investors in it. They accumulate over some days or weeks huge amounts of a coin. Than they starting PR and hyping.... pumping the price a little bit to attract normal investors to panic-buys and than they dump on them. They need buyer!

And there are many pumps that did not work out as planned because most actors in Crypto already comprehend those games. Sometimes there is dumping on Pumpers. And the heads of pump-groups often cheating their own members... not all of them make profits. In my eyes, joining a pump-group is a higher risk than investing in good projects with longterm-potential. And: If a pump-group dump on normal investors, it don't has to damage a good project. It leads to distribution and distribution leads to more strength. So far, pumped and dumped coins often did not came back. But why? Because ppl just look at the chart instead of informing themselves deeper about reasons for extreme price-changes and acting impatient. Why should one sell a good project because a pump-group played with it?

There are some false paradigmas in Crypto. And one of it is "after a PnD they never come back". High-quality will survive those games... 

There has been times in the past where a few Litecoin supporters would shit on another coin, but in all honesty the Litecoin community is fairly well received of other coin communities as long as the coin itself isnt an outright scam.

There are trolls in all communities, and unfortunately it is the trolls that normally heard and noticed because they scream the loudest. But the majority of folks in all communities (Litecoin included) do not troll or crap on other coins. It's really in all of our best interests to come together instead of pushing each other apart. And I'm doing my part by reaching out to other communities to form bonds and friendships to let others know we all have one common enemy, which is fiat. Remember that the enemy of my enemy is my friend.



What? Litecoin doesn't have an inflation O_o.



Neoscoin should also be added to the list as a trusting coin. Their developer (Syntaks) is a very bright guy and very hard working. He isn't in it for the money but rather the movement as a whole.

sure it does.

blockreward 50
block in 24h: around 550
new coins a day: 27500 (=cost of running the network. Currently 98k$ every day)
27500 * 365 = 10.037.500 new litecoins a year
Current coins in circulation: 33,5 million

10 million is roughly 30% of 30 million

so litecoins value is diluted by that number a year until at halving that comes down to 15% inflation next year which is crazy.

Bitcoin inflates with 10% right now wich is also crazy and the reason it doesn't take off.

I personally am a strong believer in fair, low inflation altcoins which litecoin is not one of (ltc is fair start but high inflation which makes it in turn quite unfair for investors. With litecoin the miners make the gains right now. And maybe not even those since they dump their own source of income down constantly, they have to, that's how it is constructed)  
High inflation is full blown nonsense in crypto and has a scammy nature to it, too. But at least it is fully transparent  ::)

Coinmarketcap gives the total market Cap of all the coins it lists as $ 4,843,132,172. It only gives Bitcoin a market cap of $ 4,389,345,156, so the alts have a combined market cap of almost half a billion dollars. They don't look dead yet to me.

this was true for bitcoin also, artforz say hi, he was owning like 40% of the entire bitcoin network

https://en.bitcoin.it/wiki/History

Ahh ok, a bit of context helped. I do agree that in slice of time it is inflationary. But as a whole Litecoin and Bitcoin are not due to the hard coin caps of 84 mil and 21 mil respectively.



I'm amazed that you personally would say this considering I thought you are a Litecoin supporter. There were rumors of GPU miners but no one provided any evidence. I think this came out as a way to discredit Litecoin and I find it really hard to believe (unless you have evidence).


Well no, you kind of twisted his words. He dumped the majority of his holdings at $2 because he wouldnt have imagine it becoming as successful as it has.





Just when I was thinking to myself "man, I havent seen anyone trolling Litecoin recently because first monero and now Blocknet". rofl  ::)

How is Bitmark finished when there's multiple devs and people working on it full time?

How is it finished when there's major real life projects involving marking being developed by third parties?

It's more alive now then it's ever been if you judge a project by the amount of work being done on it.

Altcoin need trust.

Bitcoin, litecoin and peercoin are established trusted coins. Even dogecoin  can be considered trusted.

+90% of altcoins are pure pump-and dump shit.

Yes most of them are shit, but there are over 530 coins. They rarely stay at the top for long unless they have something going for them. Doge was considered pump-and dump shit when it came out, but it's held a place near the top for long enough for some people to start trusting it.

Doge was a pump-and-dump, but at least it was he first one. And at start it was widely distributed via tips/faucets,  and considered a joke...
given his success, some thousands of shitty coins born in the succeeding month

Someone should put together a timeline of all the shitty things that happened to alts this past year and as the trading volume declined after each shitty thing/scam. I think that the turning point was the VRC hack on mintpal, then that one week where there was like 3 scam coins 3 days in a row listed on trex where nearly all investors lost 100% then then moohla/mintgox take over and now the XC dev dumps the premine gets exposed as a fraud/shitcoin coin cloner working hand in hand with pump n dumps groups and here we are today.

That's the problem Litecoin & Bitcoin were done professionally and not pump & dump most coins these days are exactly the opposite.

don't forget coinex. That was ugly too.

A dev said check if a coin has a testnet before investing in it. He said most pump & dump coins don't bother testing their network on a testnet before launch, but professionally created coins do. I have noticed lots of pump & dump coin's networks stop working after a month or two.

ya poor Monero and Blocknet are getting Trolled on boo hoo... your brilliant  ::)

There were rumors of GPU miners but no one provided any evidence.

You might want to get a lot of them off the list.

Check this out:
http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins

The true market forces will weed out the scams and shitcoins. It might take years, but we will see a legit crypto market in a few years. True free market always does this.

lol? Not sure what this means (the trolling comment).


And yes, like I said there were rumors but no one ever had any evidence. The only thing I can think of as a reference was the hype leading up to the launch of Litecoin and how many people joined in the launch (mining).

woooow go read what i quoted you saying and specifically the part i underlined and highlighted YOU SAYING

It's not dead. It's in pupa form now.

if altcoins are dead why are we all still here?  ;D

More like in a coma. Maybe they'll gain independence from BTC...
BTSX,NXT and BC looking good right now but also still believe in BTM and VIA.

just not buy ico scam and save your money - https://bitcointalk.org/index.php?topic=844383.msg9422771#msg9422771

The idea of ​​the crypto coins that they were uniformly distributed among investors and not in one hand scam dev !!!

idiot - without pump group price will not rise

when the pump group accumulate coins she risks with their money. ICO scam dev not risks!. He it just gets a free people's money without any risk!

Imho, pump groups are a scam. You pay the .5 fee, you got nothing :)

you idiot! litecoin and bitcoin were also inflated pump by stupid news! and people believe it!

what risks when selling its developer he scam coin? he risks nothing at all - just easy money defrauded people

I'm not saying that the pump group is that it is correct. In fact, all of the coins are controlled by a pump group or some man. Here is a list of puppeteers - https://bitcointalk.org/index.php?topic=830072.0  But at least they risk their money! And what risks fraudster developer with the aid of the ICO? Nothing! you're just an idiot and do not understand what I write - you threw out of the window into the street and die on the ground

Do not worry about me - I feel normal in the crypto world. Better to take care of yourself. And do not forget that the litecoin is a best shitcoin in the world  ;D

It's sad because there's so much potential in alt's, but it's the people scamming/running them into the ground.  Sure some coins have more promise than others which is great, though these are the more stagnant ones.  It seems if you wanna make money in alt's, you pretty much have to invest in coins that are on the move...which are usually scam coins (be it short or long term).  Jump into the ocean while whales are playing and hope you come up on top!

monero coin is fair, unlike scam ico.

Bittrex killed altcoins IMO.

At least Mintpal only added one or so scamcoins per week.

I wish if I would get only one bitcent every time when someone declaring "Altworld" dead... :).

A lottocoin cent or a bitcoin cent?

Or maybe you are speaking about CENT  (pennyes). Guy, I have like a million of them, if you want one everytime someone say " altworld dead"  just let me know  ;)

yeah, go buy Franko. See if that makes profit next decade  ::)

Compared to the flashmines and 100% ico-distributed coins of 2014 the fair-launch-coins of 2013 look as clean as Mother Theresa. Calling a coin that takes a full year to mine 70% a 'risky fastmine' is a joke these days, sorry.

Text is interesting and generally good quality but nothing i would fully agree with for all listed coins. The author seems to think bitcoins inflation is ok when in reality the halving takes too long and the long intervals and high inflation make it volatile and in turn slow down adoption and make the price perform bad. Bitcoins mining-schedule is not the non-plus-ultra best you can get is what i think. That would be a topic for an extra discussion though since there's a lot to say about that.

I would add AppleByte to this list. The coin is six months old, is in the top 100 (#69) on coinmarketcap.com. The price has grown consistently with no pump & dumps. We have a real user community (90% have never used a crypto before). The Devs have been public, known by their real names and could be reached directly from day one. We just posted a six month report on our progress in another thread:

---------------------------------------------------------------------- Here is a copy of that post:--------------------------------------------------------------------------------


AppleByte is six months old today!
From the beginning we have said we are building for the longterm, and we are pleased with our progress to date.


To be successful longterm, a coin needs to meet the needs of three separate groups:

1. Real users - in our case, the community of artists (actors, filmakers, musicians, visual artists, etc) & art lovers worldwide
2. Miners - essential to supporting the network
3. Investors/Traders - because they are the ones who make the market - without them, who will the users & merchants sell the coins to


Our success to date is reflected in our price and growing industry recognition


We are one of the very few coins that has risen consistently in price this year.  
Yesterday we started trading on Bittrex. We have been traded on Poloniex since launch. Here is today's chart:


https://farm8.staticflickr.com/7547/15062914864_7747e11791.jpg



Recent industry recognition:

A nice twitter acknowledgement from a friend in NYC

https://farm6.staticflickr.com/5602/15359168710_7169502490_o.png

GoCoin Chairman & Co-founder, Brock Pierce twitter acknowledgement

https://farm4.staticflickr.com/3946/14944057914_baeb169cf5_o.png



Update on longterm plan:

Real users

 - our social media reach is now over 13,000 - 80% artists & art lovers, 20% crypto fans
 - they can mine, using the CPU on their laptops, and receive coins everyday, due to the bonus we pay CPU & GPU miners in the official pool
 - we promote AppleByte artists using our social media & forum, helping to build their careers
 - artist awards and scholarships given by the AppleByte Foundation
 - we provide places to spend AppleBytes (prepaid AppleByte VISA card, AMC Movie gift cards, Starbucks gift cards, restaurant gift cards, etc (subsidized by the AppleByte Foundation)

 - in current development: A twitter tipping app & and a site to sell music for AppleBytes

Miners
 - to support the broadest spectrum of miners, we limit the maximum hash per user on the official pool to 25mhs, keeping it profitable for GPU users, while accepting some ASICS
 - we held back the release of the linux source, to keep out the large multipools

Investors/Traders
 - listed on Poloniex on launch day
 - added Bittrex, 10/31/14
 - no pump & dump (Devs were paid in Bitcoin) not ABY



The reality of longterm altcoin success is that all the members of Bitcointalk combined are not enough people to build a longterm user community. The real users are outside Bitcointalk. Without real users, altcoins are nothing but pump & dumps. Think about it, how many "technological breakthrough" coins have come and gone this year?

Longterm success comes from outside. For example, no matter what your opinion of Doge, they proved the users are elsewhere, and built a real community outside these forums. I applaud them for that. And with the GoCoin/Bitpay/Paypal deal, they are here to stay.

Thanks to all of you who supported AppleByte, and helped us build the foundation of success that we have today.
If you have not joined us, I invite you to do your own diligence and join us if you believe we are on the right track.

JM Cabaniss
AppleByte Founder
(You can reach me direct at: jmc<at>applebyte.me. My name & the names of our lead technical developers have been public from prelaunch


More AppleByte Details:
Announce Thread:  Announce Thread (https://bitcointalk.org/index.php?topic=503131.0)
Website: AppleByte.me (http://AppleByte.me)
Facebook: AppleByteMe FB Page (https://www.facebook.com/applebyteme)
Twitter: AppleByteMe Twitter (https://twitter.com/AppleByteMe)

Bitcent. Bitcoin cent -> 0.01 BTC. Thanks to good got rid of my CENTs long time ago :).

The new dev got the wallet working again, and Cryptsy has reopened the CENT market. The price is starting to go back up now.

https://www.cryptsy.com/markets/view/CENT_XRP

I suppose that's because they are as dead as other altcoins nowdays.. tanks for the info, let's see if I made some btc.

Edit: dosen't seem like cent market has reopened

Against XRP it isn't too difficult to gain traction :). I'd wait until it gets back at least to the LTC market.

i cant believe we are all dead  ???

There are so many alt coins, even ones with good potential get drowned out because in the end you can just use bitcoin. I think the only cryptocoin that isn't 100% speculative object is btc, it's actually also used for payments for real-life stuff.

They seem to have replaced the XPM market with XRP markets for all the cheap shit. They say buy at the bottom and sell at the top, so it's probably best to sell if it CENT ever hits the LTC market. I'd rather buy CENT now while it's still down there with all the cheap shit.

Ok, right. One year ago, I paid my 1.1 million cents something like 0.12 litecoin. Litecoin was 0.25 btc.

Now my cents are worth 0.73 xrp, 1 xrp is 0.000012 btc and 1 litecoin is 0.11 btc.

Good luck investing in altcoins, mine all lost +90% of the value.

Sorry about that. Almost everything I bought last Christmas has lost at least +90% of the value too. I made a mistake investing at peak prices rather than the lowest prices. The way I see it is if bitcoin continues to fall in price the alts will fall even faster. On the other hand if bitcoin has hit the bottom and starts rising then the alts will rise faster.

To be honest I don't think it will ever climb back even to the LTC market.

there is one coin - and i mean exactly only this one coin that did not loose shit all year. See my signature. I am holding that since a full year. Did not loose a penny. Uno is the only freakin' coin that did hold strong while other coins were loosing up to 99,9%

Uno was all year 2$
Now is between 2,50$ and 3,50$ and will continue to rise. ATH is 53$ and we will break that next year again.

+1

Am I too late to the party? Oh what a  shame.  ::)

I am Dead?  But I just bought a bunch of Quarks?!

 Is quark not a good alta coin?

new scam ico start - https://bitcointalk.org/index.php?topic=845494.0

Thats why its always good not to invest into new alt coin, invest into coins like dogecoin, litecoin and darkcoin is good..

looking at coinmarketcap, it seems like the money has been moved from the top alts to tail alts.

Any altcoin seems dead in comparison in terms of users Bitcoin
but There are still tons of users in potential in world

All the volume is down atm. It will be interesting to see where it flows back into.

I think altcoin world is not dead, but now it is very hard time to do good investment.
We must take a deep breath. 

THIS is why we can't have nice things...

Spoken like someone holding a lot of Litecoins.

Litecoin has nothing over Bitcoin. 4 times faster and thats it.

Some altcoins will thrive but Litecoin itself will fade away slowly and become irrelevant.

Unfortunately you have right. There is few altcoin with a lot of new functions. Litecoin is just an old one and have some trust, but this is maybe most important.

You know? Exactly this kind of threads do most of harm, even to Bitcoin.
A complete outsider who would like to see what's bitcoin and cryptocurrency about, will do a google search and most likely will come here.
What will it see? Fight between the coins and scam accusations. And gambling and a lot of Ponzi attempts. Lovely image, isn't it?

Now let's face the truth:
Altcoins are GREAT! Some of them bring innovation, some of them have great communities, some rise, some fall. Some are scams too. Some will die soon, some will die later, some will prevail.
Bitcoin has the advantage of being the first. Still, bitcoin may learn from them, bitcoin may accept them, bitcoin may evolve. Or may die too.
It's a free world.

Alt coins are not related to Bitcoin directly.....if they come to this forum they will most likely read the bitcoin discussion.

Doesn't look dead to me looks very much alive and some coins are thriving even in difficult times a lot of these coins are going to be worth more than Bitcoin the btc as been falling .

look this - https://bitcointalk.org/index.php?topic=845900.0

altcoins don't have to be dead, but irrelevant.

there, fixed it for you  ;D

The movement which scammed people using innovative ways never seen before.

Re-fixed  :)

FUCKING HILARIOUS ..every time i hear that.

Now let's face the truth:
..they are NOT Scam accusations..they are Scam FACTS

stop blaming the fucked up situation on people who uncover the scams.
blame the people scamming.

@OP i agree with you.. for the most part but you just all take turns sliding in a shit coin or two to say ohh ohhh well that one shit coin ok
OP you said but but.. Doge coin is good ? for real ? LOL gimme a break  ::)
like Reddcoin ? ROFL
they tacked another fucking 'r' on the older Redcoin with a new gimmick LOL

without extreme regulation and fast this shit is dead as hell !
and yeah i appreciate the optimism but i feel it's out right delusional and what i quoted here is a scam on new possible investors by lying to them.

yeah so..
It's all scammy bullshit but Jackpot Coin it's one of the few good ones.

or..
I will pretend no scams exist and say this is all working out great ignoring any acknowledgment of ANY scam coins.
and then pin all the blame on those darn pesky FUD'ers and Troll's who are ruining our scene..

Now let's face the REAL truth:
Most people in the Altcoin scene are heavily invested with money and they don't want to be any broker than they are already from never ending price crashes.
Bag holder's are deceitful liars.
People who run Pools or Exchanges etc are going to bullshit as much as they can so they still make fee's etc.

What i would like to know is people's active project involvement and what coins they hold before listening to stupid rhetoric..
but since we have a scene built on anonymity and anon coins and hiding and using fake names to post endless currencies (1,000+) it won't happen.
let's see if newbie's fall for the account creation circle jerk more.. so far it seem no it's not working they are not dumb and see through it.

I think Doge coin was the nail in the coffin by the way.

Altcoins are not dead but it's hard to get rich quick from those (except if you are a good developer with a real talent in marketing)...

People have been thinking that crypto-history can repeat itself through an altcoin but the reality is that pretty much everything is pegged to the fate of bitcoin...

I dont think altworld is dead. There are lots of features that while they won't likely be adopted in the coins that create them, they do contribute to the overall potential of crypto

Since getting involved with cryptocurrency, Bitcoin has always been the goto.  Dogecoin is the ALT that got me involved and seems to beopne of the only strong alts with aw community to support it... Also decent merchant interation.  And Vericoin, the team behind the coin seem to actually care and work towards mainstream adoption..

I see strong alts as marketing for Bitcoin in the end. But I have faith in Dogecoin and VRC as well. Sometimes it seems counterproductive to be marketing new ALT coins with all these features when nobody understands bitcoin.  Alt's seem to appeal to daytraders and the niche market of those already bitcoin ready.

I mined VTC since block one. It had a 3rd largest traded volume few days ago. Switching algo, fair distribution, close to 0% premine. Welcome to my ignore list.

pump and dumps of 2014 were inevitable in an unregulated environment.

Clamcoins doing fine!

If you had BTC, LTC or DOGE May 12th 2014 you have free clam that you can dump into the market or save/treasure!

https://i.imgur.com/TVqKv1B.png

http://www.coinssource.com/just-dice-re-opens-after-regulations-now-accepting-clams/#

alt coins are dumped lower from anybody expected, it's too risky, better to not holding ltc and other alt coins now

btc is turning into a shitcoin.

NXT and/or NEM will rule the roost soon.

I second this opinion

Bitcoin is the king of cryptocurrency and it will be a king.  :)

yep I'm sure the market is at its peak nobody even notices any of the coins being launched these days.

They'll be worth more than btc ever was

no chance. nobody mainstream has ever heard of that crap - let alone used it/invested in it.  anonymous devs don't fit in anymore.

btc is on the way out.  It's awesome that you got in early.  It's not though that you're staying late.  :D

I own a large amount of Y crypto.  Y will go to the moon.  I just saved everyone the trouble.

NEM is just a clone of nxt, it's worth nothing.

Unfortunately no. NEM has 3 synchronization patterns if you don't understand this then I do not blame you. It can also be integrated easily into web services. NXT is very good too.

Ya man, VTC down 95% since June... but SO MUCH WIN, baby...
The Devs have obviously achieved historic milestones in the race for Artificial Stupidity.

Maybe Monero/HYP bagholders can teach the VTC bagholders how to build a proper Hall of Fame...
Make lemonade from your coin's Death Spiral as it approaches escape velocity, Your Holy Dudeness.

If you guys had BTC, LTC or DOGE on May 12th 2014 then you have free CLAMS that you can dump. Over 0.01 btc for each good address.

See my signature for details.

It says on reddit that reddcoin had a 5% premine that was sold in an IPO.

http://www.reddit.com/r/reddCoin/comments/1xuaqx/to_those_who_believe_reddcoin_is_a_scam/

I agree, there are too many crypto coins already  :D May be hundreds of crypto coins, and each week new ones. All crypto market is not so large enough yet  ;D

Its the holidays

Not willing to sound like a marketing attempt but you missed DRK being opensourced, no premine, no scam, legit crypto, good community, actually useful etc.

Some innovative work is happening in alt coins with anonymity, new proof-of-x, and different distribution models. 

It is true that probably 99% of alts are scams, but there are some really neat things tech wise happening in the alt world that far exceed Bitcoin.

A few coins are probably already much more advanced than Bitcoin code wise, it is just that they are plagued with scandals, scammers in the community, and less that capable devs. 

If the alt coin scene actually gets a good coin with good devs and a good community, it really could add a lot to the crypto community. 

Of the coins right now that are not plagued are Litecoin, Doge, Peercoin, and Darkcoin.  That said, even these might fade away. 

In the non-coin world, Maidsafe or Storj might do something interesting.  Ripple/Stellar too.  CounterParty needs to be watched. Each of these are managing to stay afloat. 

Ethereum or Blockstream might completely disrupt the alt community. 

There are also a few coins working on new code that might have a chance to do things right and put Litecoin, Doge, Peercoin, and Darkcoin into the irrelevant sector.  Why have a bastardized Bitcoin clone, when you can have a blockchain designed from scratch in a nice and clean code. 

Which coins are they please?

Just off the top of my head Emunie and NEM.  There are others too, but they might be scams so I won't mention them.  NEM and Emunie have both been in development way to long and have been delayed too much to be a scam.  Emunie claims to have a closed beta working, but NEM has an open beta that anyone can try out. 

It seems making a new code and making it right is actually very difficult to do. 

I'll add that these two projects being delayed actually is a little bit of a good sign.  Scams of pumps and dumps are rushed to market with lots of big promises. In fact that is a classic sign.  A coin mysteriously comes out of nowhere promising to revolutionize the alt coin scene is a clear candidate for a scam. 

Both NEM and Emunie have their own dedicated forums with lots of activity going far back showing real work being done. 

Either could have released a long time ago with a working blockchain but the devs decided to wait until they were completely ready. 

I was in a position to buy into NEM for a pittance when it was announced, but it seemed like a scam then so I missed out.  :(

Well, you were more or less wise to do so.  During a two week period when NEM was announced, there were like 15 other coins announced in the same way, all of which except for NEM turned out to be scams.  It is a high risk, high reward type of deal.  Some of those coins might not have originally been planned on being a scam but just faltered along the way.  That is what is happening with eXo and Crypti right now.  Both tried the new code thing and have flopped. 

Like I said before, it is apparently much harder to create a coin from a new code than what it would appear. 

There is also Qora and Node too.  They are both new code, but have been written off by the alt community at large, and for good reason.  There is a very small chance that either one might turn itself around, but I doubt it. 

Alt coins have been bottoming for a while since dropping all year. They'll either go up or down from these levels.

a whale trying to move market by force will only lose money

How does it work? Do I need to punch my private keys into CLAM wallet?

If so, how secure is that? How do I know the CLAM wallet does not control my BTC/LTC/DOGE private keys?

You should always move the BTC, LTC or DOGE off the wallet prior to digging CLAMS.  Then after you dig your clams consider the wallet as compromised and don't use it again (I would recommend saving it though!)

Can't lose any coins if there arn't any there.  Better to be safe than sorry.

I would say the CLIENT is safe. It is open source as well if you want to see how it works!

I'd save it in case another coin does the same type of distribution as CLAMs.

I imagine copy cats will try to pop up, but be careful of that shit!

CLAM is a forced to be fuxed with atm.

All of crypto is slowly dying, but once the fire catches you want to be a bag holder. I have no use for cryptos other than gambling once a week

This

It's very sad to see this view but interest in crypto/bitcoin is slowly declining.

That's like saying that the Pink Sheets hurt the DOW.  ::)


Check out Just-dice.com and the crypto CLAM :)

like losing in crypto isn't enough. lol

You can also invest there and be the house.

Click the links before being a dick weed plz :D

reddking.com

be the bank
lose money after site gets hacked

ftw  ;D

I know that crypto and Wall Street have nothing in common, but on Wall Street when everybody says "SELL!!!" and "The world is about to end!", it's usually right before a big turn-around. We're at that point right now in the altcoin world. I'm curious to see if we're about to see a bull market or if the altcoin world is really ending.

There are plenty of great, legitimate alts out there but if people can't flip for a 2x or 3x in a week they don't seem to want to buy.

Admin/Owner of the site has contributed directly to the Bitcoin code and a number of large BTC projects.

Just-dice was open before and had 60,000 BTC invested, but closed due to regulations and all the coins where given back.  Doge-dice (owned by Dooglus as well) gave back 2.5 billion DOGE.

Everyone already has free clams.  It is just for fun :)

www.coinssource.com/just-dice-re-opens-after-regulations-now-accepting-clams/

ftw ;D

That's a good point.  I don't believe for a second that the altcoin world is ending altogether, but rather ending as we know it now.  Eventually, it will likely separate into a 2 tier market, similar to the stock market.  The blue chip coins (coins that have proven themselves as a stable alternative, have mass adoption growth, etc) will rise to the top.  There may be a flight to these coins from some of them that have no chance of making it.  Anything left will probably settle in the equivalent of the OTC market or risky penny stocks.