Bitcoin Forum
March 03, 2021, 12:17:26 PM *
News: Latest Bitcoin Core release: 0.21.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 [18] 19 20 21 22 23 24 25 26 27 28 29 30 31 »
341  Alternate cryptocurrencies / Altcoin Discussion / Re: So I just read on BBC NEWS... on: November 23, 2015, 06:25:48 PM
It's genius!
.
.
.

Except for the fact that anyone with half a brain can exploit the fuck outta this coin. Even if they have safeguards. Although integration with fitbit would be cool.
342  Economy / Games and rounds / Re: BTCJam forum name verification on: November 23, 2015, 12:16:56 AM
'I want to link my Bitcointalk name with BTCJam's. Verification code: f878a940-4c1d-4f9f-b2d2-ae0e669da89c'
343  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins dead? on: November 17, 2015, 12:09:07 AM
Okay, I'll admit that I am very lacking when it comes to financials and such. I actually had to do quite a bit of research on these kinds of topics in order to understand some of the deeper points you have made.

But I'm curious, alright, in Your own words please explain why you think Bitcoin is a Ponzi/Pyramid scheme. (which, lets be honest here, are basically two sides of the same coin)

And I am looking at it from an objective lens, Bitcoin just doesn't fit the mold of a Ponzi scheme. And yes, I have done research into Ponzi schemes, a lot of research, in fact. Ironically enough, while financials themselves don't interest me all that much, financial crimes interest me a lot.

I will concede that it is unlikely Bitcoin will ever find wide adoption as a currency, because Bitcoin has become too renowned for it's trading and volatility. I  just like the idea of Bitcoin, I think it's cool. I personally wouldn't care if Bitcoin ended up hitting $0.01 because I'm in it for the tech. I know that I'm in the minority here, and I know basically 99% of people would leave if that were to ever happen, but hey, I don't give a flying fuck.

I haven't been here long enough to see the earlier alts, but I got here around the time the Altcoin boom started happening, so I know just how worthless a lot of those altcoins were. Some were cool, had interesting innovations, others were bitcoin with a coat of paint. Those were more akin to Pump-And-Dump schemes, not Ponzis (again, very similar in nature) but schemes none-the-less.

And you are, indeed, right when you say that the biggest hurdle for Bitcoin, as a currency, is the price. Who wants to spend $300 on a Bitcoin (unless you're a trader), and like I said, I think dollar parity would be a lot better than what we currently have.

I am listening, and I agree with a lot of your points, like Bitcoin probably not gaining widespread use as a currency. But I still don't see it as a Ponzi scheme, because, if it were, then the Stock market and Commodity market would also be Ponzi schemes... probably... like I said, I don't know much about these things.
344  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins dead? on: November 16, 2015, 10:02:12 PM
Sure, I mean, Bitcoin nowadays is used mostly as a commodity. But that isn't through a fault of design, it was more a fault of consumers. When Bitcoin trading became big business, everyone jumped on the bandwagon and the price shot up, thus getting more people in on the bandwagon. It's a self serving business model, and I find it very disheartening. I would actually be a lot happier if Bitcoin was more or less on par with the dollar. Then it would be more viable as a currency because, as you said, who wants to buy 1 BTC for $1000, unless you plan to make a profit off of it.

The original vision for bitcoin was an admirable one, a currency free from government control. One that couldn't be shut down without shutting down the internet itself. The mindset changed somewhere though, when trading became very profitable, when mining became even more profitable.

You're right when you say that a currency is mostly defined by how much, and how the public adopts it. But just because a lot of people trade Bitcoin as a commodity, doesn't mean it isn't a currency. See the thing about a commodity is that it serves some need or purpose, has some kind of value that can be traded for other things of value. Bitcoin, technically, has no value. It serves no greater purpose than to exist. Sure the ideology behind it and the tech behind is, indeed valuable, but the Bitcoin itself isn't. It's the same as fiat, it's technically worthless, but we all agree it has worth because, why not? Also, another point, commodities can be used as currency. Look at gold for instance, before we had a "gold backed" currency, we literally used gold as a currency, it was still a commodity, but it was also a currency.

And, again, you're right when you say that Bitcoin has a lot of limitations that would limit it's ability to become a mainstream "currency" but just because it has limitations, doesn't mean that it ISN'T a currency.

I have been like you guy all along.. a fan of BTC
I google'd that set of keywords because i was curious why people say that.. not because i thought that myself.
He convinced me.. why ?
Because he made some good points about how Bitcoin was engineered to function (and the related limitations)
I am not trying to be a Troll and i am not saying i give up on Bitcoin either.



Hey man, I don't think you're a troll , I think you're just giving your honest opinion as you see fit, and you do actually make some good points. I just happen to disagree with that opinion, which is why I'm still posting here, arguing my stance lol

But to say that it's a Ponzi/Pyramid scheme is a stretch, I could see how people could think of it as a commodity or stock, but as a fraudulent business, I just don't see it personally. 
345  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins dead? (Deep Thoughts With Jack Handy)(Who the fuck is Jack Handy?) on: November 16, 2015, 06:07:36 AM
i did not say i want excessive regulation.. i meant *some.
this will enable fairness.
imagine what would happen if the current stock markets abolished any related laws.

the housing market deal was all about the hollow stocks that have no value.. like a clone coin ponzi.
if you're into P2P file sharing look up on torrent sites this file, Money for Nothing Inside the Federal Reserve - Jim Bruce 2013
it explains it REALLY well !
i think every American should be required to see that in school or something.

but yeah i agree Govt. involvement is often a train wreck.. no debate there LOL

but there is a huge difference between no rules and some fair ones to even the playing field.
don't skip over the point that the only thing close to a real Free Market is the illegal Black Market.
American capitalism stock exchange stuff is heavily regulated.
Where is the Free Market examples in life ?

I also have long been a proponent of *some regulation for 1 single reason.
I am convinced this is the major barrier to any and all crypto currency technology (lack of regulations)
Why ?
Because i don't think the people who trade on the US stock exchange etc or your friends and family on Facebook
are going to -ever- adopt a crypto currency unless there is *some regulations put into place for it.
And it's hard for any of you to deny me that assertion too.
Think about it.. Look at how Tigerdirect etc handles Bitcoin.
They know it's risky and few places adopt it for use as a currency because it's a hassle and it's risk to them.
How would you minimize the *perceived risk ? ..regulations.

I'm not going to talk about regulation, as I am pretty clueless when it comes to securities and exchange law.

I might come back to it when I bone up on my reading but, I'll just concede that this sounds pretty fair/correct, however I still disagree that there can ever be a "level playing field.

edit: i forgot many of you may not know there is a huge amount of complaints about them.
when a refund is needed and you paid with Bitcoin expect pure hell ..Google it Wink

I also am not trolling when i say Bitcoin is not a currency and more resembles a pyramid or ponzi scheme.
I google searched "Bitcoin is a ponzi scheme" recently and not because i really thought it was one
but because the public does.. and i wondered why technically do they ?

I hate to say it but search result no. 1 on Google had an editorial on the Washington Post that summed it up nicely.
After reading that i have a hard time deny what the guy said.. he's right !
All of you should read that story
https://www.washingtonpost.com/news/wonk/wp/2015/06/08/bitcoin-isnt-the-future-of-money-its-either-a-ponzi-scheme-or-a-pyramid-scheme/
Why ?
because it's what the people we want to join us see when they Google search Bitcoin.
And of course i think Altcoins fit right in there with it..same crap.

Well you all say People don't think that.. wrong !
Most of the public have been saying that loud and clear all over the world for years now
and rather than supporting adding regulations you all have plugged your ears and demanded they are wrong.
problem is the public is in charge not us.. we can't force them to use BTC or an Altcoin.
Public perception is important.. what we think is not.

EDIT:
Point ?
Bitcoin and Altcoins are not used as currencies nor are they designed as one.

Now, the meat of your post Spoetnik... the classic "Bitcoin is a ponzi" claim (Which the article you provided does not substantiate)

This one is practically as old as Bitcoin itself. The thing is, Bitcoin is usually thought of as a Ponzi because early adopters are currently rolling piles of Fiat because they cashed out, while us late-adopters are still trying to work our way up to 1 BTC (Me, currently) which is why _Some_ people think Bitcoin is a ponzi scheme. Which can be disputed many ways, especially considering that it's not any different than early investors making more money from a startup than late investors, but I digress.

No, the article claims Bitcoin is a ponzi scheme because
1. It isn't a currency and
2. People hoard bitcoins with the hope they will skyrocket in price, and then try to convince other people to buy Bitcoin so the price will go up

See... these two points do not prove that Bitcoin is a ponzi scheme, mainly because they are incorrect or misinformed.

1. Bitcoin is, in fact, a currency.

According to investopedia currency is defined as:

Quote
Currency is a generally accepted form of money, including coins and paper notes, which is issued by a government and circulated within an economy. Used as a medium of exchange for goods and services, currency is the basis for trade.

Sure, Bitcoin isn't issued by a government, but it is circulated within the economy, used as a medium of exchange for goods and services, and is the basis of trade. Sounds like it fits all MOST of the criteria.

2. Yes, people hoard Bitcoins, but you know what else people hoard in hopes of becoming rich? Gold. Gold is one of the most valuable things on Earth, has been used as a currency, has backed other forms of currency, and is generally considered to be a solid investment for people.

How is that any different than Bitcoin? And why is Bitcoin considered a Ponzi/Pyramid scheme because people hoard it the same way they hoard gold?

I've hard many people tell me I should invest in gold (and oil. Canadians are HUGE on Oil) but when people do it for Bitcoin it's different? I honestly don't follow the logic there.
346  Alternate cryptocurrencies / Marketplace (Altcoins) / Web/Mobile wallets for your Altcoins on: November 16, 2015, 04:55:51 AM
After my computer overheated a little while ago I had to shutdown my Altcoin creation service.

So now, armed only with my crappy laptop, I have a new service for you kind altfolk.

I will create a web/mobile wallet for your altcoin.

These web/mobile wallets are written in HTML5 and are completely secure, nothing is even sent to your server.
I'll do everything from setting up the hosting, to designing the website. Just send your Logo's.

Price: 0.5 BTC

PM Me for details.
347  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins dead? on: November 15, 2015, 01:14:44 AM
@iLoveAltcoins.

First off thanks for side stepping my spelling mistakes LOL
I noticed the first sentence i wrote was messed up *as usual ahhaha

And i don't want to be right.. it would have been nice if all this kept expanding (but it didn't)
What we got was a lot of stories of i got hacked.. whether it was coins claiming that or Exchanges.


Heh, no problem. Happens to the best of us Tongue

And yeah, stuff can't expand exponentially on Earth (specifically talking about business here) because the population of Earth isn't growing exponentially, which is why market saturation is a such a bad thing for business people.


I want to ask you guys.. Did Satoshi go on the record claiming he was against regulation some how ?
And you guys do realize that regulations exist to protect you right ? and protect the scene too !
All you have to is look at the housing market crash and the recession it triggered.
It was caused by Greenspan refusing to put some simple regulations in.. no matter how hard he was warned ahead of time.
He is regarded as Fed reserve Einstein.. a god.. cover of lots of magazines.. a hero.


While I don't know much about the housing crisis (it's a little out of my scope) I think I can answer the first question there.

I don't think he was specifically against regulations, per se, what he was against was governmental oversight coming in and exploiting the currency system. Too much regulation and government oversight can be a serious issue. Just look at the Cyprus incident that happened a few years back, they literally stole money from their citizens bank accounts. That's the kind of stuff that Satoshi was against... at least, as far as I know.


Reality check kids.. Free Markets are bad.

All they do is make the rich richer.




Yowza... that's a fucking sentence LOL

Look, when it comes to personal freedom, a free market is the only way to go. With an over regulated market you just get the same old crap we always get. We probably wouldn't have computers, cell phones, toys, etc. Because the government would swoop in and say "This is clearly bad for you, we need to protect you from it,"  which is why I'm fundamentally against anything other than a free market.

As for your other sentence, yeah, but it also allows for other people to become rich as well. In a limited market economy, the government and and a few "select" businesses get richer, it would be nearly impossible for someone from the "middle class" to join the ranks of the rich in a limited market, in the free market all it takes is a good idea, and good business sense. Plus, free markets give the people the freedom to choose whether or not a product succeeds or fails, not the government.



Kids with 2 bitcoin love the anon hackers rebel no rules bad ass bullshit.
but guys who make 1.5 billion dollars profit REALLY like the lack of regulations..


.

Sure, I mean, I'm a kid, and I used to think the rebel hacker bullshit was the coolest thing in the world. The Matrix really cemented that for me Tongue lol

But in all seriousness, Bitcoin isn't really all that different from cash. Sure there aren't as many laws restricting Bitcoins use, but fundamentally there isn't a lot we can to prevent cash from being used the same way.

Sure a lack of regulations can be bad, especially because we are humans, and humans are intrinsically assholes, but with a lack of regulation, the government can't swoop in a take all our Bitcoins, or shut Bitcoin down, or whatever. That's basically the entire point of Bitcoin, a lack of government power/oversight.


You *could even the playing field by putting regulations in place but you don't want that for some odd reason.
I always think of Berni Madoff and Martha Stewart.
A ponzi scheme'er and an insider trader.
Can you guys fathom how many guys in Crypto would be behind bars if we had similar laws ?
I just said..
You *could even the playing field by putting regulations in place but you don't want that for some odd reason.
I think i see why now LOL

See, the thing is, an "even playing field" isn't really even, ever. Especially when talking about money. When it comes down to it, regulations put the power in the hands of the government, a lack of regulations puts *most* of the power in the hands of the rich. The difference here is that in one of those scenarios, the power is fixed and unchanging, in the other, the power is shifting hands basically everyday.

And, yeah, people have been arrested for Bitcoin crimes. Google "First Pirate Savings and Trust" and you'll see what I mean.

But, if you're a socialist/communist (no bias against either of those viewpoints, I just disagree with them) then me arguing with you probably won't convince you of anything.

Also, I just realized that the topic on this thread has shifted dramatically because Spoetnik and I are now arguing about the fundamentals of economy. I just thought that was funny LOL
348  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins dead? ..just sayin' on: November 14, 2015, 09:53:41 AM
Plenty of us care about the idea and just the money.. that ain't the point though.
We have been over shadowed and we let the greedy take over (or maybe become them)
The result is a ghost town..

Unfortunately this is quite true... I've only been back to the whole Bitcoin/altcoin scene a few weeks now and there does seem to be quite a lot less discussion going on here than there used to be.

The pattern through out history has shown when ever we can ruin things by given too much trust we do.
We're like snakes that eat their own tales.
It's always someone else in Crypto that is the problem.
But it couldn't have gotten this bad unless we were all responsible.


Oh I have no doubt that I was more than partially responsible for whatever tragedy might happen to befall Altcoins, whether that be total "block death" or simply "price death" either way, I'll still wear the moniker ILoveAltcoins because, well, I do. I love tech stuff and I love playing with code. Bitcoin's just happens to be awesome for that kind of stuff.

Regulations though... i don't know. Kind of defeats the purpose of Bitcoin, no?

The only question to me is did these guys early on that would hang out on Cryptsy chat
did they really believe that it when they told me time after time that massive amounts of clone coins will do no harm ?
Yeah they actually said that and they were led by their leader.. BitJohn.
Who was always at the for front of making excuses for them all.. i argued with him and others about when this was
just catching on then when it was super popular then after when it was dead.


Well that's just a plain stupid thing for them to say. Obviously it would have lead to market saturation. I could have told you that back in 2013 when I first made my account that that is where we were headed.

Spoetnik you have a reputation of being a Troll.
Actually i have a reputation of arguing with guys who run exchanges and support shit coins.


I don't think you're a troll. Sure you've said some trollish things on this thread, but I've never seen a troll display logic and reason, which you have done numerous times during our discussion about Altcoins on this thread, I think you're a pretty okay guy (Or girl, how should I know?  Tongue )

...
The rest

Yes, you're right, we're probably going to cycle through Alt explosions every 2-4 years, because that's generally how it works in any market without regulation. The problem is that you cannot introduce regulation into a project that was intended to have little to no regulation at all.

Also, I never claimed I was innocent, and never did I claim to support clonecoins (Sure, I used to, I also get paid to make them for people) I support personal currencies that people my release to the outside world for whatever reason, I don't support the use of people using various Altcoins to make a profit either. However I do support innovation, it's fun, it's cool, it's exciting. Which is why I like altcoins, and why i think the community won't die.
349  Alternate cryptocurrencies / Altcoin Discussion / Stuff, stuff, and more stuff. on: November 14, 2015, 07:29:04 AM
Dont think altcoins will ever be dead..



I don't even know what to say anymore.. all you guys out there are deceitful, delusional & brain damaged and in denial.

I think unicorns and lizard people have taken over with the Illuminati and they run the world.
It's fact i just said so.


EDIT:
The only reason Bitcoin exists anymore is because of RansomWare makers and related bs losers.
If they are stopped Bitcoin will dry up and die and so will Altcoins.

Ransomware have amassed more than $325 million USD from victims.

They are the life blood of crypto.
You little noob's out there spend 50 bucks on shit coins and virus makers buy 1 million cash worth.
You noob' bullshit altcoin existence hinges on the backs of criminals.

Are you saying the world isn't run by lizard people?

Well there goes my entire world view.


But in all seriousness, I agree that the business aspect of Altcoins is virtually dead, the "intellectual" aspect, however probably won't die, I myself am currently experimenting with altcoins on my own local network.

And, while yes ransomeware is a huge part of the crypto world, I don't believe that that is the sole reason bitcoin still "exists." It might be the reason it never becomes "mainstream" (that and websites like Silkroad) but to say there isn't a dedicated community (and big business) behind bitcoin is just plain wrong.
350  Other / Off-topic / Re: What do you wish you could buy with btc ? on: November 13, 2015, 12:57:22 AM
I wish I could use bitcoin at any of the corner stores around me. Or any business in my city really. That'd be nice.
351  Other / Off-topic / Re: Worst mistake you did with Bitcoin? on: November 12, 2015, 06:11:34 PM
....

..I'd like to believe that I'm smarter now, but I have no idea.

Does the username 'ilovealtcoins' seal your fate related to Bitcoin success?   Tongue

You'd think that, but back in 2013 a lot of people loved altcoins  Grin
352  Other / Off-topic / Re: Worst mistake you did with Bitcoin? on: November 12, 2015, 05:45:37 PM
My two worst mistakes were:

1. Not getting into Bitcoin when I first heard about it (it was really, really cheap)

2. Gambling away .5 BTC right before it hit it's peak (~1 month), then selling the other .5 for ~$50

I'd like to believe that I'm smarter now, but I have no idea.
353  Alternate cryptocurrencies / Marketplace (Altcoins) / Altcoin creation lessons on: November 11, 2015, 09:06:27 PM
Closed because of computer overheating.
354  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins dead? on: November 10, 2015, 03:15:16 AM
I know i at least have a few good points (thanks)
And i want to see this crypto stuff succeed which is why i am passionate about it (the so called yelling)
If -we- don't do it right and get real world adoption happening and fast i fear a major large company will swoop in.

Look at what Google did with Android..
We're running out of time as open source crypto advocate's.

If the Microsoft's roll out a coin of sorts it would prob be a set back for any potential adoption of an Altcoin.
Like we could still do what we're doing but if the big guys stomp in and snag all the users we're screwed.
And i bet a lot of paid research has been going on for years with all these big companies like Facebook etc.

Take Android for example again..
What if i made my own Spoetnik Droid ?
Average People would still think Samsung = Android at the store when buying a phone
and -my- project wouldn't even be there.

Could i continue on (in obscurity) ?
yeah but what is the point in making a currency that will NEVER be used as one ?

And here I was thinking you were just FUDing xD

But yeah, that's true, Android is basically simply equated the Samsung now. It actually pisses me off a little.

Wasn't Apple going to release a "coin" of sorts called iMoney? or something like that. However they would have a hard time bringing down Bitcoin, but building it into the iPhone, or Windows, or whatever product a big company has that is used by _most_ people, would cause a major disruption in the crypto market, plus it wouldn't have the stigma other Alts have because people would be like "Oh it's made by Apple, they don't deal drugs so it must be better than that Drugcoin thing" or something like that.

Just a question though: Why not build a better coin, one that would "trump" the other coins? Hire a dev and wait till the clones slow down, then innovate and release. It'll help with the adoption if it's simpler than Bitcoin, and will help the niche. Just an idea.
355  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins dead? on: November 10, 2015, 02:33:50 AM
Quote
but I don't think that that is a reason to abandon it wholeheartedly

Problem is we don't matter.. are opinions are 100% worthless.
The only opinions that matter are out there.. all around the world.

The solution is of course to pander to "them" ..not us.

Is this whole "it's all about profit" routine going to continue to repel adoption ?
It already is.

And guy you said we have made some gains moving in the right direction.
Fair enough but has any of that made a quantifiable and tangible real world difference in the overall picture ?
.. i don't think so.

The crypto user base has shrunken and evaporated (as you claim gains were made)

Jesus man, when you aren't screaming at us for defending Alts you make some really good points  Tongue

You're right when you say that opinions within the niche are virtually worthless when trying to gain mainstream attention. Most people only about bitcoin for one of two reasons:

1. That one "The Good Wife" episode
2. The silk road

Which is s shame, really. Bitcoin is so much more than people buying drugs online. All cryptocurrencies have that stigma as an illegal online drug-dealer currency. Hell, the only reason bitcoin is anywhere near the mainstream is because of its price.

But, is pandering such a problem when it comes to a currency like BTC or any of the alts? I mean sure, it's pretty much more secure then any financial institution around today, but the complexity does outweigh that. If a currency like BTC were to come along that was dead simple, simpler then even online banking, it would probably be gaining traction hand over fist. The issue is that because Bitcoin and a lot of alts are such large technological innovations, complexity is the name of the game. But it's not as if it's without "hope" if Bitcoin can manage to break the stigma of a drug-currency (which stuff like weedcoin doesn't help with) and "dumb" the UI and process down, it will probably see more "mainstream" use. I know it's a lot of speculation,  but I'm not saying it's going to happen soon,  it just needs to happen. We'll most likely see something similar in an Alt first, the problem is that Alts have a worse stigma than Bitcoin.

Sure, we have some large losses (mostly on the exchange rates of Alts) but people who are trying to simplify the process are the people who are going to open up the new "era (so to speak)" of Cryptos. They may not be making a lot of traction right now, but the journey of a thousand miles starts with the first step.
356  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins dead? on: November 10, 2015, 01:38:51 AM
@whizz94
You may have a point.
Etherium was added to Microsoft Azure options or something i seen in the news.

But the vast majority of all these coins all suffer from the same problems.
Which to me seems like the chief reason for the down fall of Altcoin popularity.

Some of these i think are..

- Unfair sketchy initial distribution of coins.
- Block chains that have to be downloaded that take forever.
- Shitty wallets

Let's talk about the ole Windows QT
It's like a complicated heap of BS.
A windows qt wallet is like Windows vs Linux..
Windows is popular because it's easier to use and easier to fix etc
I think the majority of wallets are like a Linux OS to people out there.
They are going to be too complicated and a pain in the ass to deal with for the general public.
I hate to say it has to be dumbed down but it does in a way.


...


I agree with you on all of these. When I was a noob I had no idea what the hell was going on, the chain took forever to download, the addresses were incredibly long and nigh-on-impossible to remember. If it weren't for the fact that I was so fascinated by these kinds of currency at the time I would never have stayed the course, and of course, as altcoins are based on Bitcoin, they suffer the same issues (besides the sketchy IPO's of new coins coming onto the market. Strictly a "new alt" problem.)

I also agree that in order for it to become "mainstream" it will need to be "dumbed down."

You're right that Cryptos are a niche product, at least for the time being they are. There isn't anything wrong with that, but expanding beyond a niche is hard.

The thing is, though, that I have no doubts in my mind that clever people will be able to overcome these problems through clever programming. We are already seeing services that allow you to make your address more "readable" and simpler, easier to understand wallet clients are coming out every other day. The only issue is, is the fact that most people in Alts are only in it for the money, they either trade it for a profit or pump it for a profit. There are some incredibly interesting and innovative Alts out there that make leaps and bounds in the crypto space, but for each of those there are a dozen clones, there's nothing wrong with that per-se, but it can cause a stigma to rise up.

You make some good points, and do point out some flaws in the altcoin space, but I don't think that that is a reason to abandon it wholeheartedly, maybe just don't invest a ton of money into it, that might even save them in the long run.
357  Bitcoin / Mining speculation / Re: what will happen in 37 weeks when bitcoin halves again on: November 08, 2015, 08:52:26 AM
If miners stopped mining it would be great for everyone else.

Are you sure about that? I still have much to learn about bitcoin but wouldn't it fail since there would be no one securing the transactions?

I think he meant that, if the big miners stop mining with their crazy huge rigs, the difficulty would go down allowing people with lesser hardware to mine more Bitcoin.
358  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins dead? on: November 08, 2015, 08:27:56 AM
"..At least not without Bitcoin dying as well."
I bet that would be the case too.
They are tied together if one goes down then the other follows i think..

That's at least the case with Litecoin.

Honestly the only way I ever see Altcoins completely dying is if there was some fundamental flaw with Bitcoin, causing it to fail catastrophically, thus bringing down all the alts with it. Otherwise there will always be people trying to find alternatives (and make a quick buck), so there will always be some place for alts. Maybe a smaller place, but a place none the less.
359  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins dead? on: November 08, 2015, 05:38:18 AM
read the topic title.. i am not talking about 'a' coin
i am talking about them all collective (thought that was obvious)

Tell me what would you define as a dead altcoin scene ?
I would like to hear a real response to that.. forget what ever else i said and please just answer that 1 single question.
I also want the answer to be a plausible scenario that could actually happen realistically.

Well the answer the that question is quite simple. A dead Altcoin scene, as you put it, would be if NO ONE used Altcoins. If everyone were to up and abandon Altcoins in one day, then yes, they would be dead.

Realistically? I suppose very few people using them would also leave them dead.

Finally now we're getting some where LOL

Then i have to wonder what all of you here would define "few people"
at what point do you say.. uhh shit we got a problem !
Like where do you draw the line ?

To me if i look around i see a LOT of bad signs.. how the hell do so many of you see none at all ?

I see bad signs everywhere. I don't like the fact that the price is dropping either. I'm just not convinced that something like this could ever "die." At least not without Bitcoin dying as well.

That's a good point though. I don't really know where I would draw the line, since it's such a subjective thing and I try to be as objective as possible, and even if I were to define it in such a "firm" manner, I don't think it would matter. Altcoins would most likely die without us even noticing, like a frog in a boiling pot of water, it doesn't even know it's dying. And sure, the same could be said for me, maybe I'm just trying to save a dead/dying community. But that's neither here nor there.
360  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins dead? on: November 08, 2015, 05:06:56 AM
read the topic title.. i am not talking about 'a' coin
i am talking about them all collective (thought that was obvious)

Tell me what would you define as a dead altcoin scene ?
I would like to hear a real response to that.. forget what ever else i said and please just answer that 1 single question.
I also want the answer to be a plausible scenario that could actually happen realistically.

Well the answer the that question is quite simple. A dead Altcoin scene, as you put it, would be if NO ONE used Altcoins. If everyone were to up and abandon Altcoins in one day, then yes, they would be dead.

Realistically? I suppose very few people using them would also leave them dead.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 [18] 19 20 21 22 23 24 25 26 27 28 29 30 31 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!