Why are all (alt-)Cryptocurrencies utter bullshit ?

[EvilDave]

@CrazyLoaf: sorry, mate, but your Indian's a Sicilian:

http://en.wikipedia.org/wiki/Iron_Eyes_Cody

[erikalui]

It is because none of them as of now have reached the level of bitcoins and very few people use them. Few people using them means their value in the market is very less and thus these coins fail to attain success and turn out to have no value.

[reRaise]

not simple forks like GEMZ

gemz is the most simple way of using crypto i have ever seen, the top features they add are made from the ground up, the app is not even half complete. After using gemz i don't even wanna go back to regular crypto which are all non tech and a hassle to use. They understood how to proper execute simplicity integrated to a system that is mainstream and everyone is familiar with.

[Anotheranonlol]

despite the 40 bytes limitation of OP_RETURN could be implemented in the BTC blockchain easily, and therefore there is no need for bullshits like Counterparty and other smart contract implementation - could change how we do business, but it is unclear that the crypto currency aspect of BTC can succeed, never mind altcoins.

OP_RETURN size limit (which is no longer limited to 40 byte btw) has nothing to do with the execution of smart contracts on Bitcoin.

Also smart contracts issued on the counterparty platform are executed on bitcoin blockchain. The bitcoin devs will never add true smart contracts to bitcoin (script 2.0 is perhaps the closest) so counterparty did it for them, and for the mutual benefit of any bitcoin holders. Before if you wanted to run turing complete code you would have to leave bitcoin for an alternative platform like ethereum. The potential value-added implications of smart contracts alone on the bitcoin blockchain for bitcoin-holders stretch far beyond counterparties measly few million dollar market cap.

Further additons to plain bitcoin by counterparty:

* ability to easily create immutable/ineradicable records to the blockchain (useful for token controlled access,drm,property rights,membership schemes, equity distribution, proof-of-existence/) -- You don't need to use any XCP token for this, only bitcoin. You can issue a stock and distribute bitcoin dividends to holders using only bitcoins.

* trustless peer-to-peer order matching engine- A decentralised exchange on-top of the bitcoin blockchain That's more than necessary after the hundreds of millions of dollars worth of bitcoin stolen from centralised single-point of failures.

* peer-to-peer trustless (and provably fair) decentralised betting. That's a real game changer- a world's first as far as i know but has gone under the radar.

You're looking at counterparty as if it's trying to compete with bitcoin when it's complimentary. It's built on bitcoin blockchain for a reason & adding features to bitcoin which don't currently exist. You don't need to touch the XCP token nor even be aware of existence to benefit from that. Don't know how you could pick that out of everything to refer to as bullshits

[Daedelus]

OP + 'others', I haven't seen this amount of sockpuppets agreeing with each other in a long time  If Come-from-Above is here, where is UtopianFuture the main controlling sock? 

[dsly]

Not all crypto is bullshit. Most are experiments of different concepts. However there are many which are pure P&d BS

[altcoinUK]

despite the 40 bytes limitation of OP_RETURN could be implemented in the BTC blockchain easily, and therefore there is no need for bullshits like Counterparty and other smart contract implementation - could change how we do business, but it is unclear that the crypto currency aspect of BTC can succeed, never mind altcoins.

OP_RETURN size limit (which is no longer limited to 40 byte btw) has nothing to do with the execution of smart contracts on Bitcoin.

Thanks for clarifying and you are quite right that I submitted here a quite inaccurate post. What I meant was that using the OP_RETURN field the - indeed very limited - data of a smart contract could be handled, for example by storing a document hash in the OP_RETURN field, and then a third party smart contract application could do the document hash related smart contract processing. What I meant was that in order to handle smart contracts using OP_RETURN field there is no need for a new digital currency like XCP, a third party app without having another currency on the 600+ strong altcoin scam market could do that smart contract processing.

Anyway, I am sure Counterparty is a wonderful technology and a great work of experienced engineers, terms of technicalities and implementation it is a wonderful piece of software, it is one of the best alt projects terms of the tech, still l believe as a business proposition it is a hopeless thing. No one is using it and no one will be using it in real world use cases, 1-2 years time nobody will remember what is Counterparty is.

[Crestington]

PayCon solves all of your problems and cures world hunger too



https://bitcointalk.org/index.php?topic=937480.0

[Vlizzjeffrey]

retard, making a topic about all altcoins are bullshit, but you have etherium  adress in your sig LOL, etherium is the most biggest bullshit ever, go ahead invest in a 100% premine coin with empty promisses LOL