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Can I buy Ripple like I can buy Bitcoin? If so, how?
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Can I buy or invest in eMunie yet, or is that not possible until the official launch?
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Does launching mean opening a decentralized exchange and releasing the client source code?
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OK I'll buy some on dgex.com. Any other coins along the same lines as Nxt I might want to check out?
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Is there any way to invest in MasterCoin like with other coins?
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Can I transfer BTC to dgex.com and use it to buy Nxt and just leave it in the exchange like with other coins? Or is setting up the wallet a requirement?
Which are Nxt competitor's?
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Mastercoin (MSC), the best of the lot, but not really an 'altcoin.' It's a protocol layer on top of the bitcoin network. Can it be purchased like normal altcoins? If so, on which exchange? I should say PTS I don't understand the draw here. Where is the potential? |
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So many alts. Where is this all going? Are we going to spend 30 different currencies in the future or will 1 reign supreme? Is there one perfect currency that will be a hybrid of many different coins which came before it? That kinda makes sense. We're testing out all of these different crypto concepts with all of these different coins and those which prove themselves will become part of the ultimate future coin?
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Wow. So many coins. I'm not sure how to approach this.
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Is there another exchange that has more altcoins and isn't problematic?
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I've always traded on BTC-e but now I'm interested in Anoncoin and Yacoin which aren't on BTC-e but are on Cryptsy which I've never used. Should I just do all of my trading on Cryptsy from now on?
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BTC, LTC, PPC, NMC, and XPM all make sense to me. After some more sniffing around, I found Novacoin (LTC+PPC), Anoncoin (anonymity), and Yacoin (CPU mining) which all seem to offer something significant not offered by the aforementioned. Do you guys agree? Am I missing any really good ones?
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What makes NVC better than PPC?
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After some more research, I believe it's market capitalization that matters in this context, not price. NVC is #5: http://en.wikipedia.org/wiki/List_of_cryptocurrenciesIt sounds like people are concerned about the pre-mining that took place with NVC and also the centralized checkpointing. That may be enough to keep me away. Should I reconsider? Does anyone here like this coin? |
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If you ever restore the wallet to spend BTC, make sure to update all the cold backups so that you capture all the change addresses. This worries me. So if I back up my private key and continue to use my wallet, the backed-up private key does not back up my entire balance at some point? Depends on your client. If you re using electrum or armory, you re ok. To confirm, I'm not OK if I'm using multibit? That's enough to get me to switch away from multibit. What about the QT clients for the altcoins? Do they have this deficiency? |
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Should I just not worry about this?
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If you ever restore the wallet to spend BTC, make sure to update all the cold backups so that you capture all the change addresses. This worries me. So if I back up my private key and continue to use my wallet, the backed-up private key does not back up my entire balance at some point? |
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I've always thought BTC, LTC, NMC, PPC, and XPM were the best coins, but I just realized that NVC has the third highest price behind BTC and LTC. Is NVC the real deal?
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bitcoin.org/en/secure-your-wallet says: Backup your entire wallet
Some wallets use many hidden private keys internally. If you only have a backup of the private keys for your visible Bitcoin addresses, you might not be able to recover a great part of your funds with your backup. Make regular backups
You need to backup your wallet on a regular basis to make sure that all recent Bitcoin change addresses and all new Bitcoin addresses you created are included in your backup. However, all applications will be soon using wallets that only need to be backed up once. Are either of these a concern with the latest versions of Multibit or the QT clients for the main alts? By the way, with the QT clients, if I've encrypted my wallet with a password and I "Backup Wallet", is the backed up wallet encrypted also? |
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