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many says so, but what are the facts? is building a nicer website enough? I don't think so. involving merchants is a fact. have the best client is a fact. smooth and reliable blockchain is a fact (seems ok on the yak, but not as much as expected, like 1 per minute). Also, no cap limit. I haven't figure out if there's a limit even though some said it'll tend to something like 2 billion some day in the distant future. I do believe in the misesian statement that goes like any quantity of money is enough for running an economy. And btc will prove that (I stop before going OT).
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I liked the thread What makes altcoins valuable? very much, lots of food for thoughts, I also appreciated What can your coin do that LTC/BTC can't? so I decided to open this one in order to follow the most interesting developments related to the new alt-cryptos. My simple starting questions are: Which is the coin that enjoys a serious support by devs and what are these guys doing to improve its overall marketability (in terms of real usage, appearance, user friendliness, etc?). Given the fact that ultimately a coin gets value if embraced by a community, by a network of people that uses it as money (so far only the BTC and partially the LTC seem to have achieved this goal) which one, given the answers provided to the above questions, is most likely to succeed? I tried to shop around lots of website but so far no one really impressed me. I also found that only a few of them have a blockchain that runs smoothly and is reliable (very very bad inmo, like FTC or CNC, awful!). Obviously these are ongoing issues that might find solutions over time, so it's important to follow any new development day by day. I hope this could be the place, with no futile discussions but just the plain facts. Thanks |
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thanks to all, picture much more clearer now.
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but what is the max quantity that will be ever mined? I can't see that number anywhere. Is there a limit as for btc, ltc and others?
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Do you provide oxygen tanks for people to use after reading this?
I know I should have thrown some spaces here and there. I'll edit it now for a better reading  |
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Gullible people unfortunately are finite in numbers and the pump and dump scheme related to each new alt coin is generating less and less money to their creators.
Probably so far the most successful story has been the feathercoin (FTC), which might have brought to the bunch of guys that came up with it something like 50k$ EACH, minimum, in just one week (my personal estimate, but I'd like to hear yours).
Another really profitable was MNC, mined in one million pieces within a couple of hours, which at a selling price of 0.001 minimum gave a total of 1000 btc or over 100k dollars to the 4-5 guys that made it up... truly fantastic!).
Honestly since CNC I stopped following these stupid new coins, so I am not in a position to say whether someone was capable to do even better, but I opened this thread so you can throw your estimates.
Right now, in my opinion, each new coin doesn't even bring into the authors' pockets more than 5k each, but it's always good money for a one off fantasy fork of a previous coin (LOL I wish I had the skills to do one by myself).
Hopefully as the marginal utility to produce new coins fall to zero we will see the end of this necessary experiment of the free market, which I truly find entertaining, interesting, and educational.
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Personally i like the idea of just having a name (ie: yourusername.bit) to send Bitcoins or any other kind of currency to instead of a long string of numbers. nice idea, is that feasable? can namecoin do that? |
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up again, let's see how long it'll last this time.
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site have been live for 6-7 hrs, then went down and has been down for more than 10 hours now.. worst launch ever.
any news from the a$$hole that manages this thing?
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I can't believe it's still down after all this time and no updates
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I don't know where to write it anymore, funds held for orders appear to be 0.000000000
can you fix this please... i'm going crazy in calculating my totals here since last night.
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and still down after almost 8 hours, not even cryptonic was that bad.
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not there, I bet in a couple of hours the following:
LAUNCH DEADLINE : 26th May 2013 , 12:00 AM (GMT)
will be changed into:
LAUNCH DEADLINE : 26th May 2013 , 10:00 PM (GMT)
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Date on the website has changed to "We will open on 26th May 2013,12:00 AM (GMT). " which is now
which is in 1 hour and 9 minutes from now. but not mail has been sent so far, which was supposed to happen 3 hrs before launch |
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If I am not mistaken, he has made so far about 220btc by selling shares on btct and maybe a bit more on another exchange. So that is about 30k$. Is there any other way he got money from investors ?
right over 1000 shares in btc, and my guess a couple hundreds in ltc. not bad... shares were way overpriced in my opinion, 0.05 (instead of 0.2 btc) would've been maybe kind of fair... maybe. |
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true, never got any email so far... anyway like 1 hr ago he was merrily chatting in the btc-e trollbox
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