Unenforceable.. you have no way of counting the coins a person owns.. multiple accounts; multiple wallets even.

Mincoin offers nothing but novelty and the creaters failed to create the excitement at the start - just like they are rebooting SC with no fanfare. Doing it after the fact is much harder and eventually people will tire of it and look to BTC because that can be spent and in reality there is zero difference but for the fraction.

If you're a fan of Mincoin.. where can you spend it? Same for Bitbar and all the other wannabes.. they really need to make themselves useful, which is the big opportunity - making alt-coins real world useful and not just an obscure investment for geeks.

I perhaps should have mentioned FreiCoin.. I don't understand it entirely but it does look to me close to something that the Islamic Banking community might be ok with.. large market there. I expect it would need a tweak or two. I'm not sure why anyone would buy it as investment, so perhaps an Islamic Bank would have to premine and make equivalent for it to work well.

Forever 0.002..

I think you're where I was yesterday

Also, I got the humour but then it also did capture rather well the idea, of how Alt-TC are convincing themselves they are successful by saying they are successful over and over..

Yes, I couldn't find a detail of how SHA-3 works, so it's hard to judge the difference. I don't see SHA-256 failing but perhaps if there's a risk of Government or those with big resources interfering then it's worth considering something more.

I wonder what might happen is a large mix of alsorts of attempts and challenges over time and the current fast burn of same-coins perhaps it just one flavour of that. Perhaps we're just learning about what can work and what can't and no doubt the variety can't do any harm to the outcome; but it might do harm if we're naive about what is different and what is the same.

Yes - and I'm all for the innovators making a profit that they can then perhaps contribute something more in the future.. there's a lot of reasons for devs and minors atm, learning and profiting and good luck to them; but I'm just noting that spawning more of the same isn't real innovation.

Sure, I get that I really do.. but I think it's important that we do question and challenge the reality. Otherwise, we might be misleading ourselves. The winner will be robust because it meets all challengers. I would love if an Altcoin can defend itself against the challenge that it's offering nothing - but it would need to evidence that difference and I haven't seen that yet.

My question, that you haven't answered, is what are Alt-TC offering that is more than BTC.

I'm just playing devil's advocate today.. perhaps I'll be all enthusiastic again tomorrow but this is where I'm at right now.

I don't understand what you're suggesting.

Bitcoin beats the US dollar in so many ways.

How do Alt-TC beat BTC? Really, why would anyone need another coin?? Why would a merchant want to accept multiple coins.
If it works, then it works. If it runs into difficulty, then we'll need something different.

Saying it doesn't make it true.. how apt then your reply.

So, a reality check. Why you might want to think and spend more effort promoting BTC and real world use.

All these new coins recently have only helped make me think more closely about what each was offering. I've been following the Alt-TC for a long while and yet today, I'm rethinking and consolidating the small wins I've made; which I have say is really refreshing.


Firstly the bleeding obvious for those who need it: Steps to lazy profit - Pump and dump
1. Find something of value (Bitcoin)
2. Copy it; adding little or no value.
3. Point at it - and shout "see how much profit we're going to make!!!!!!!". Create the excitement.
4. Wait for noobs and opportunists to jump before thinking.. hell it's fun; why wouldn't people get caught up in it. This new thing, is the same as the successful thing!!
5. Profit and repeat


Most new coins are offering nothing - you might as well be holding Linden dollars, for all the prospect of spending them in the real world.

BTC works - it really does work well. So, why would a real world merchant need to use another coin? Please, tell me why.
None of the alt's beats a green address in a fast and reliable way.

In the event that Proof of Stake becomes useful, then PPC will be affected by that and it's unlikely that a mix coin will win if Proof of Work is stung. PPC then is the only real other option at the moment.

Namecoin is a fun application but if you have no use for it, then why are you buying it?
Devcoin, nice idea but is it working?.. Frankly I don't see it, though I'd really like to see it happen.


Beyond BTC and PPC then is really wild guessing with your eyes closed - if you've got money to burn then fine but it's all just pump and dump until one of them resolves.

So, some coins use scrypt.. so what, that's just a different crypto and the effect on mining isn't going to make or break the coin. TRC starved of oxygen for a while but if that happened to BTC, you wouldn't be looking to similar coins, you'd be looking for something different. Perhaps LTC would lend some support for a while but if BTC failed then LTC would surely follow; if BTC becomes everything we hope, then what use LTC? The developers of new coins benefit enormously for the experience and the profit but we need to see Alt-TC coins for what they are. Unless the Alt-TC coins become known in the real world as linked to something concrete they will never be secure store of value.. perhaps one will become a gaming currency but right now.. I'm sticking with BTC and PPC.

Tell me I've got it wrong and maybe tomorrow I'll rethink

Would be useful to have my address and QR code displayed without having to login.. so on the nickname pages like https://blockchain.info/wallet/nickname

It's on their minor exchange that's just started up for more high risk coins. Can't recall the name just now.. something like virex but still in beta.

How many ass-pennies per BTB?

Youtube: https://www.youtube.com/watch?v=DO1Q7F23DxM

Github: https://github.com/keninishna/ass-pennies

4TZTnG5Bzose6g71SXj1xL68v2BZMiApqe

Thanks!

> // Subsidy is cut in half every 210000 blocks, which will occur approximately every 4 years

^ that's BTC

Not entirely sure which day that is but it's close enough.

Selling BTB for 90% BTB?

You know the price is falling eh..

How many of each flavour of coin are currently being produced each day?
=How many need to be bought for the price to be stable?

Are some coin fluxing with miners dipping in and out?

What does 'Difficulty' really suggest? I've yet to find a simple suggestion of numbers of coins expected over time, other than for BTC which I think is graphed on some wiki. Do we know the halving days of each coin??