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Author Topic: Do we have too many alt coins?  (Read 5952 times)
DrG
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August 25, 2014, 09:50:08 PM
 #161

alt coins are probably the future they have time to evaluate the current system of Bitcoin and when/if it fails get to design their product around the vulnerabilities of Bitcoin I think you will appreciate the time given from the developers in the future.

The last time Bitcoin "failed" was the fork last year.  The only crypto that gained any traction from that was Litecoin - the number 2 crypto.  Of course that was last year and 800 new altcoins have been released since then, but only about 7 of the alts have any development or volume to put them anywhere close to litecoin, let alone Bitcoin.
lynn_402
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August 26, 2014, 12:31:42 PM
 #162

Yup.
Those having the programming skills are free to make as many altcoins as they want, but the point I don't understand is why people invest in those shitcoins...

Progamming skills aren't even necessary anymore. There's a website on which you can easily build your own altcoins, if I recall correctly it costs only about 0.02 BTC
Amph
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August 26, 2014, 12:37:52 PM
 #163

alt coins are probably the future they have time to evaluate the current system of Bitcoin and when/if it fails get to design their product around the vulnerabilities of Bitcoin I think you will appreciate the time given from the developers in the future.

The last time Bitcoin "failed" was the fork last year.  The only crypto that gained any traction from that was Litecoin - the number 2 crypto.  Of course that was last year and 800 new altcoins have been released since then, but only about 7 of the alts have any development or volume to put them anywhere close to litecoin, let alone Bitcoin.

more like 4k altcoin, hash been released, probably even more, this if we count every shit launched

Yup.
Those having the programming skills are free to make as many altcoins as they want, but the point I don't understand is why people invest in those shitcoins...

Progamming skills aren't even necessary anymore. There's a website on which you can easily build your own altcoins, if I recall correctly it costs only about 0.02 BTC

it was higher before, now is cheap because no one care about releasing garbage anymore
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