Have we lost our way ?

[Spoetnik]

With us all so fragmented we go nowhere fast.
Can the Altcoin scene band together to support 1 project.
with one simple goal.. an open source digital currency that is used by billions of users.
Facebook had broke the 1 billion users logged in record recently.
I want to see a digital currency get that level of public adoption.
And i say that knowing most likely i will not make money off of it..
i have nothing to gain by that, i just want to see it happen in my life time.
and..
I'd REALLY like to see us make something open source adopted on a grand scale vs a closed source big company project.
I have long worried we better get moving on this before the big guys swoop in.
they could unleash a Facebook coin or what ever.. anytime !
and it's all about momentum.. if the majority of the world dive on it ?
All you guys loitering around here pushing your Monero or NXT or what ever will bail & dump in a heartbeat !

Do we have it in us ?
Or are we doomed to waffle around divided going for each others throats while big companies research depts. prepare to unveil a new coin ?

Think about it guys.. we really need to be on the same page here and supporting each other.
And that may mean supporting the competitions coin etc.
Can we get focused ?

Think of it this way guys.. a fight for open source + digital currency.
and we are the weak guy in the ring (we need all the supporters we can get)
Big companies like Microsoft or the Google's out there have massive resources etc.

I have come here endlessly trying to shed some light on what i think might happen and so far that has played out..
the next step is not a good one guys and we are all running out of time !

[1715116318]

1715116318

[chichidori]

If mark would make a coin and call it Fbcoin and have it distributed to its user, that would be the fastest mass adoption of an altcoin in a century.

[tokeweed]

^ LOL.

Anyway, I would like for something like OP said to happen, but I'm still hopeful that the scene will evolve on it's own and become a better ecosystem somehow.

edit:  I know OP isn't the only one who's starting to think about it, I do too.  And for sure many people in the community are as well...  I guess it's evolving.

[EvilDave]

Well......I agree with Mr Spotty Knickers, though we may disagree on the details.
Crypto-currency was meant to be for everyone, free and open, not locked away under control of a corporation.

Problem is, people are greedy. they see those fat profits that a handful of people made on BTC (or NXT ) and they want the same.
So the smarter ones set up tightly controlled corporate projects, and the dumb ones run scams.
No-one seems to bother to stop and think for a minute about why they are going to all this effort........just buying into and holding (or working on) any current honest stable crypto project will make enough long term profit to make most people happy, and will drive adoption a lot more effectively than in-fighting.

[owm123]

Its not going to happen. Take linux, for example? Why there cant be one linux distribution that everyone uses? Why there hundreds of them? Do linux cominuty really need satanic ubuntu edition,  muslim ubuntu, or what about red star os (i.e. north korean linux)?

They are created because people can. Its open sourced after all. Also no one size to fit them all.

The same with crypto coins. People want different things. There is no one coin to be able to fill all possible use cases. Some want transparency, other want anonimity. Some want fast confirmation times, others dont. etc...

[HCLivess]

things are stable lately, no more emotional rollercoasters, the adoption rate is sufficient

[Sir Alpha_goy]

.

[SockPuppetAccount]

The problem is that there was never much of a real market for alt coins to begin with.  Even legitimate projects are struggling right now.  Scams and shit coins are dying, that is for sure.  It used to be : mine random shitcoin of the day, wait for bittrex pump, dump, profit, rinse, repeat.  Those days are long gone.

We just need more time for the cream of the crop to rise and legitimate coins to develop further.  Competition is a good thing and labeling a handful of coins "BitCoinTalk Alt-Coin Community Approved!" is diametrically opposed to the ideas that led to Bitcoin's creation in the first place.

If alts never find a market, legitimate projects never succeed, and the alt-scene remains a cesspool of pump and dumps, then the alt-scene deserves to die.  Give it time, the free market will sort it all out.

[Snail2]

I'm afraid 10000 nicks here will be only a few hundred real people in the outside world . Are you sure that will be enough for making the "big leap"? Also I can hardly imagine that fanboys going to giving up their precious bags and join something else. Anyway some sort of coherent effort for a widely accepted coin or group of coins would be something good to see.

[Spoetnik]

Ya snail that is a big issue.. Those bag clutchers LOL
I appreciate the replies I like reading them all.
About linux though I'd say Ubuntu itself is above Satanic Ubuntu etc..
I seen Sheldon name drop the distribution on the TV show The Big Bang Theory
So that guys point earlier failed.. At least that example / analogy.

[r0ach]

Spoeterman goes to altcoin Hell:

http://www.youtube.com/watch?v=F5jNQBK6UlU

[Spoetnik]

don't forget we got guys like EvilDave who i believe supports NXT
i don"t like NXT but i appreciate it seems like they are trying to make a currency (not a pump/dump clone)
we disagree on somethings but still manage to get along.. my main gripe is NXT's initial distribution methods.
he also would be considered one of those "Bag clutchers" snail was talking about..
but i think he has his motivations in a far better place than a lot of guys around here.
for example topics on Pump groups.
Do you guys really think trying to artificially pump (and dump) a coin is helpful ? ..at all ?

It's easy to forget that there is people in the scene who couldn't care less about crypto.
They simply want to make money and what they have to do to accomplish that doesn't matter to them.
Another example (#3) Take my brother for example.. i gave him 1 Bitcoin back when it was worth about $965 usd
he wanted to know how i made money doing it etc and i directed him to some exchanges and gave him the basics.
While chatting he said f**ck bitcoin i just want to make money.. while we talked.
he didn't care in the slightest about any of this crypto stuff or if his actions were bad for crypto..
as long as he could make some money on this stuff then screw it who cares was the attitude.
i was familiar with that attitude.. come to bitcointalk forums and that is what you see (usually by peoples actions)

point ? I will recap..
there is different types of guys here among us.
often i end up having a crypto supporter coming after me for criticizing a coin.
but i say to them look around.. do see me harping and singling out Monero or NXT or NEM or what ever ?
I try and ease off the guys who seem like their trying with good intentions.. in an effort to get along for the sake of crypto.
Me an EvilDave are cool because i think we share a lot of the same views.
Many of us care about crypto, but not all of us.

Lastly people were talking about can an Altcoin replace Bitcoin ?
I would say if it's going to happen we have to get more focused and TRY to be more supportive.
Maybe not on just 1 coin but a few of the best ones and we may have to swallow a bitter pill to get this process happening.
It's not going to happen over night i think if you look at whats been going on last few years.
We are moving at a snails pace with adoption and focus far too much energy flipping coins on exchanges with a handful of guys
when we should be spending that energy bringing in the whole entire world (into crypto)
For example (#4) seeing ANOTHER Monero topic ? one of them has almost 500 pages..
imagine what the guys trying to flog their coin could accomplish if they quit preaching to the choir
and left this forum and tried to draw in new users from the general public (vs harping on the handful of guys here that haven't left yet)

I see a lot of stupid behavior from people who strut around trying to come off like their smart.

I have said lots what is going on is self destructive (to crypto) behavior for peanuts (chump change)
If we had genuine sincere goals for crypto and followed up on that we would realize far grander profits than pennies at Cryptsy or Bittrex right now.

[tokeweed]

"Fuck Bitcoin, I want to make money."

^ That is such a dumb comment from an idiot.  Comment should be "Go cryptocurrencies, so we could make lots of money."

The success of the whole scene (minus the scams, P&D's) is good for everybody longterm at different levels, not just profit.

[bitwho]

With us all so fragmented we go nowhere fast.
Can the Altcoin scene band together to support 1 project.
with one simple goal.. an open source digital currency that is used by billions of users.
I want to see a digital currency get that level of public adoption.
I'd REALLY like to see us make something open source adopted on a grand scale

even the blind can see

http://www.forbes.com/sites/rogeraitken/2015/10/12/meet-cryptonomexs-dan-larimer-and-his-four-horsemen-of-crypto-economics/

 

money talks meme.jpeg

[Zer0Sum]

I hate to break it to you guys, but "digital money" is not new...
M-Pesa was introduced in 2007... and today M-Pesa transfers comprise 50% of Kenya's GDP.

That's right, no one should be surprised...
These are the people that invented interracial sex and took over the White House, by the way.

https://en.wikipedia.org/wiki/M-Pesa

The Cryprocurrency Game is not a solution for any actual problem...
Bitcoin or Alts are not a "solution" for anyone with some credit cards and a PayPal account.

https://cryptosigma.wordpress.com/2015/07/05/cryptosigma-rebrands-as-toast/

Not to mention people are creeped out by geeks. The hipsters have moved on.

Both the US stock market and the US Dollar are at (or very near) all time highs...
It's the "hard commodities" like oil that have crashed, not fiat....
People telling you fiat system will collapse are propagandists (Zero Hedge), permabears (usual suspects) or scammers (gold/crypto promoters).

tl:dr

Blockchain based cryptocurrency is a Zero Sum Game like most gambling incarnations...
The entire point is to transfer wealth from the Bottom 98% to the Top 2%.

Most functioning adults learn to stay away from gambling/speculation in their 20s or 30s.

[bitwho]

I hate to break it to you guys, but "digital money" is not new...
M-Pesa was introduced in 2007... and today M-Pesa transfers comprise 50% of Kenya's GDP.

That's right, no one should be surprised...
These are the people that invented interracial sex and took over the White House, by the way.

https://en.wikipedia.org/wiki/M-Pesa

The Cryprocurrency Game is not a solution for any actual problem...
Bitcoin or Alts are not a "solution" for anyone with some credit cards and a PayPal account.

https://cryptosigma.wordpress.com/2015/07/05/cryptosigma-rebrands-as-toast/

Not to mention people are creeped out by geeks. The hipsters have moved on.

Both the US stock market and the US Dollar are at (or very near) all time highs...
It's the "hard commodities" like oil that have crashed, not fiat....
People telling you fiat system will collapse are propagandists (Zero Hedge), permabears (usual suspects) or scammers (gold/crypto promoters).

tl:dr

Blockchain based cryptocurrency is a Zero Sum Game like most gambling incarnations...
The entire point is to transfer wealth from the Bottom 98% to the Top 2%.

Most functioning adults learn to stay away from gambling/speculation in their 20s or 30s.

rolf. except that bitcoin is blowing up globally..... not main stream but getting there.


i mean there is a corner store who i keep asking to accept credit cards for over a decay and they have no because of the fees. Soon enough , once bitcoin is easily re-filled(as in i can buy it back easily) any corner store would simple just put a "bitcoin accepted here" sing and boom, a credit accepting store.

now imagine this online. Imagine all the possible little pops store all over the corners of world having the opportunity to have a cheap electronic payment process.  


also: remittance problems. M-pesa is nice but how much would you loose in fees before it reaches your wallet?

[benthach]

With us all so fragmented we go nowhere fast.
Can the Altcoin scene band together to support 1 project.
with one simple goal.. an open source digital currency that is used by billions of users.
Facebook had broke the 1 billion users logged in record recently.
I want to see a digital currency get that level of public adoption.
And i say that knowing most likely i will not make money off of it..
i have nothing to gain by that, i just want to see it happen in my life time.
and..
I'd REALLY like to see us make something open source adopted on a grand scale vs a closed source big company project.
I have long worried we better get moving on this before the big guys swoop in.
they could unleash a Facebook coin or what ever.. anytime !
and it's all about momentum.. if the majority of the world dive on it ?
All you guys loitering around here pushing your Monero or NXT or what ever will bail & dump in a heartbeat !

Do we have it in us ?
Or are we doomed to waffle around divided going for each others throats while big companies research depts. prepare to unveil a new coin ?

Think about it guys.. we really need to be on the same page here and supporting each other.
And that may mean supporting the competitions coin etc.
Can we get focused ?

Think of it this way guys.. a fight for open source + digital currency.
and we are the weak guy in the ring (we need all the supporters we can get)
Big companies like Microsoft or the Google's out there have massive resources etc.

I have come here endlessly trying to shed some light on what i think might happen and so far that has played out..
the next step is not a good one guys and we are all running out of time !

we already have it and it's call bitcoin

[Spoetnik]

Stan Larimer ? eh ?
sounds to me like he heard about this stuff downloaded Github.zip then made some changes..
then went and told Forbes that he created some grand thing.. i believe that was Satoshi (few others have ponied up such revolutionary code)
And it seems in that link posted earlier Forbes ate it up naively.

We have it ? called Bitcoin ?
I agree with that i guess but some issues will have to be addressed with that eventually and chiefly advertising / adoption.
(will an Altcoin beat Bitcoin to that goal ?)

Zero Sum i agree with what your saying too about Crypto not a solution to a real problem etc.
I too have thought many times we have Paypal etc etc.
BUT !
The big difference is we seem to need a digital currency that can be traded as a commodity publicly.. Like on the NY stock exchange etc.
So i'd say there is a niche for something like that but it has to be stable, safe and scalable over time.

I wouldn't say i am very smart in any one area but i like to share insights i have and i encourage others to share theirs.
I also reserve the right to say i was dumb and change my mind on something later LOL (if someone posts a better idea etc)

[rigel]

Zero Sum i agree with what your saying too about Crypto not a solution to a real problem etc.
I too have thought many times we have Paypal etc etc.
BUT !
The big difference is we seem to need a digital currency that can be traded as a commodity publicly.. Like on the NY stock exchange etc.
So i'd say there is a niche for something like that but it has to be stable, safe and scalable over time.

If the only purpose of cryptocoins is to be traded on an exchange than having multiple cryptocoins is better than having one.

Some coins have their own way to try reach the real world and get out of the zero sum game. If you think like that there is no competition between cryptos: the fight is against other forces.

[rokkyroad]

You lead the charge Spoetnik.

Maybe have a poll on which coin is best for us to back?  Wait. That won't work. No one will want to buy other's bags.

How about a brand new coin we can all get behind? Wait. Already been done. Didn't we have bitcointalk coin already? Where did it go?

Herding cats is going to be easier than getting consensus here but I applaud your sentiment.